2024 Q3 Form 10-Q Financial Statement

#000157924124000045 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $967.1M $965.6M
YoY Change 5.36% 5.82%
Cost Of Revenue $535.0M $537.3M
YoY Change 3.96% 5.23%
Gross Profit $432.1M $428.3M
YoY Change 7.14% 6.57%
Gross Profit Margin 44.68% 44.36%
Selling, General & Admin $217.1M $219.3M
YoY Change 3.28% 2.24%
% of Gross Profit 50.24% 51.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.80M $30.70M
YoY Change 5.67% 12.87%
% of Gross Profit 6.9% 7.17%
Operating Expenses $217.1M $219.3M
YoY Change 3.28% 2.24%
Operating Profit $215.0M $209.0M
YoY Change 11.34% 11.53%
Interest Expense $28.80M $25.10M
YoY Change 25.76% -210.09%
% of Operating Profit 13.4% 12.01%
Other Income/Expense, Net $8.400M $5.100M
YoY Change -8500.0% 628.57%
Pretax Income $194.6M $189.0M
YoY Change 14.4% 16.31%
Income Tax $20.40M $33.60M
% Of Pretax Income 10.48% 17.78%
Net Earnings $174.2M $155.4M
YoY Change 11.45% 9.44%
Net Earnings / Revenue 18.01% 16.09%
Basic Earnings Per Share $2.00 $1.78
Diluted Earnings Per Share $1.99 $1.77
COMMON SHARES
Basic Shares Outstanding 87.13M shares 87.44M shares
Diluted Shares Outstanding 87.60M shares 87.70M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $878.9M $747.5M
YoY Change 141.26% 131.71%
Cash & Equivalents $878.9M $747.5M
Short-Term Investments
Other Short-Term Assets $74.80M $49.60M
YoY Change 57.81% 7.13%
Inventory $449.9M $444.6M
Prepaid Expenses
Receivables $458.8M $474.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.862B $1.716B
YoY Change 41.08% 34.55%
LONG-TERM ASSETS
Property, Plant & Equipment $384.8M $370.5M
YoY Change 14.9% -21.8%
Goodwill $1.506B $1.488B
YoY Change 5.44% 3.42%
Intangibles $604.8M $609.8M
YoY Change 4.22% 1.03%
Long-Term Investments
YoY Change
Other Assets $615.9M $594.7M
YoY Change 18.51% 83.1%
Total Long-Term Assets $3.111B $3.063B
YoY Change 8.67% 6.05%
TOTAL ASSETS
Total Short-Term Assets $1.862B $1.716B
Total Long-Term Assets $3.111B $3.063B
Total Assets $4.974B $4.779B
YoY Change 18.9% 14.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $266.7M $253.6M
YoY Change 8.55% -4.37%
Accrued Expenses $405.9M $364.3M
YoY Change 3.68% -4.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $418.9M $416.3M
YoY Change 3224.6% 3203.97%
Total Short-Term Liabilities $1.092B $1.034B
YoY Change 67.97% 56.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.983B $1.988B
YoY Change -1.09% -2.85%
Other Long-Term Liabilities $328.0M $331.3M
YoY Change 10.51% 4.91%
Total Long-Term Liabilities $2.311B $2.320B
YoY Change 0.4% -1.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.092B $1.034B
Total Long-Term Liabilities $2.311B $2.320B
Total Liabilities $3.403B $3.354B
YoY Change 15.28% 10.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.819B $1.713B
YoY Change 20.01% 22.44%
Common Stock $900.0K $2.700M
YoY Change -92.91% -56.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.571B $1.425B
YoY Change
Total Liabilities & Shareholders Equity $4.974B $4.779B
YoY Change 18.9% 14.78%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $174.2M $155.4M
YoY Change 11.45% 9.44%
Depreciation, Depletion And Amortization $29.80M $30.70M
YoY Change 5.67% 12.87%
Cash From Operating Activities $231.9M $173.0M
YoY Change 53.58% 7.39%
INVESTING ACTIVITIES
Capital Expenditures $19.90M $20.90M
YoY Change -3.86% 18.08%
Acquisitions
YoY Change
Other Investing Activities -$4.300M -$101.7M
YoY Change 186.67% -1387.34%
Cash From Investing Activities -$24.20M -$122.6M
YoY Change 9.01% 1151.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -80.90M 308.2M
YoY Change -0.74% -350.57%
NET CHANGE
Cash From Operating Activities 231.9M 173.0M
Cash From Investing Activities -24.20M -122.6M
Cash From Financing Activities -80.90M 308.2M
Net Change In Cash 126.8M 358.6M
YoY Change 168.08% 1167.14%
FREE CASH FLOW
Cash From Operating Activities $231.9M $173.0M
Capital Expenditures $19.90M $20.90M
Free Cash Flow $212.0M $152.1M
YoY Change 62.7% 6.07%

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us-gaap Allocated Share Based Compensation Expense Net Of Tax
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2024Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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5800000 usd
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AllocatedShareBasedCompensationExpenseNetOfTax
4900000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
14500000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12500000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0147
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0160
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2929
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2847
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1200000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2024Q2 alle Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
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MiscellaneousOtherNonoperatingIncomeExpense
700000 usd
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MiscellaneousOtherNonoperatingIncomeExpense
1000000.0 usd
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MiscellaneousOtherNonoperatingIncomeExpense
1700000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5100000 usd
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000.0 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1200000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
8600000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1900000 usd
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
400000 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-300000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-800000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1700000 usd
CY2024Q2 alle Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
-300000 usd
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MiscellaneousOtherNonoperatingIncomeExpense
700000 usd
alle Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
1000000.0 usd
alle Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
1700000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5100000 usd
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8800000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1900000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.144
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8800000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1900000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.144
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87300000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88000000.0 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87700000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
912500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1835500000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87300000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88000000.0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87700000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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DeferredRevenue
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DeferredRevenue
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AccrualForEnvironmentalLossContingencies
18700000 usd
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AccrualForEnvironmentalLossContingencies
20200000 usd
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AccruedEnvironmentalLossContingenciesCurrent
2100000 usd
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AccruedEnvironmentalLossContingenciesCurrent
3600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20700000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18200000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6200000 usd
CY2024Q2 us-gaap Deferred Revenue
DeferredRevenue
36200000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
27200000 usd
CY2024Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
18700000 usd
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
20200000 usd
CY2024Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
2100000 usd
CY2023Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20700000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18200000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6200000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4300000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8500000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5600000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-300000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-200000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22500000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19500000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
965600000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
912500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1859500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1835500000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
209000000.0 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
184600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
381100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
355600000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
25100000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
23700000 usd
us-gaap Interest Expense
InterestExpense
48000000.0 usd
us-gaap Interest Expense
InterestExpense
47300000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5100000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8800000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1900000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
189000000.0 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
162500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
341900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
310200000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4300000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8500000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5600000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-300000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-200000 usd
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22500000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19500000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
965600000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1835500000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
209000000.0 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
381100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
355600000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
25100000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
23700000 usd
us-gaap Interest Expense
InterestExpense
48000000.0 usd
us-gaap Interest Expense
InterestExpense
47300000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5100000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1900000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
189000000.0 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
162500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
341900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
310200000 usd

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