2021 Q4 Form 10-K Financial Statement

#000009114222000028 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $995.5M $3.539B $834.5M
YoY Change 19.29% 22.23% 11.13%
Cost Of Revenue $634.9M $2.228B $510.4M
YoY Change 24.39% 24.67% 11.95%
Gross Profit $360.6M $1.311B $324.1M
YoY Change 11.26% 18.29% 9.86%
Gross Profit Margin 36.22% 37.04% 38.84%
Selling, General & Admin $184.2M $701.4M $171.2M
YoY Change 7.59% 6.22% -4.84%
% of Gross Profit 51.08% 53.51% 52.82%
Research & Development $94.20M
YoY Change 16.73%
% of Gross Profit 7.19%
Depreciation & Amortization $19.90M $77.90M $19.30M
YoY Change 3.11% -2.63% -4.46%
% of Gross Profit 5.52% 5.94% 5.95%
Operating Expenses $177.4M $795.6M $171.2M
YoY Change 3.62% 7.37% -3.28%
Operating Profit $183.2M $682.0M $152.9M
YoY Change 19.82% 35.53% 29.58%
Interest Expense -$1.400M $4.300M -$1.000M
YoY Change 40.0% -41.1% -60.0%
% of Operating Profit -0.76% 0.63% -0.65%
Other Income/Expense, Net $20.40M
YoY Change 85.45%
Pretax Income $181.8M $625.6M $151.9M
YoY Change 19.68% 40.93% 31.52%
Income Tax $42.20M $138.5M $31.90M
% Of Pretax Income 23.21% 22.14% 21.0%
Net Earnings $139.6M $487.1M $120.0M
YoY Change 16.33% 41.23% 31.43%
Net Earnings / Revenue 14.02% 13.76% 14.38%
Basic Earnings Per Share $3.05 $0.74
Diluted Earnings Per Share $871.6K $3.02 $0.74
COMMON SHARES
Basic Shares Outstanding 159.9M shares
Diluted Shares Outstanding 161.3M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $631.4M $631.4M $689.6M
YoY Change -8.44% -8.44% 25.06%
Cash & Equivalents $443.3M $443.3M $573.1M
Short-Term Investments $188.1M $188.1M $116.5M
Other Short-Term Assets $39.10M $39.10M $43.30M
YoY Change -9.7% -9.7% -23.36%
Inventory $447.7M $447.7M $300.1M
Prepaid Expenses
Receivables $634.4M $634.4M $585.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.753B $1.753B $1.618B
YoY Change 8.32% 8.32% 7.84%
LONG-TERM ASSETS
Property, Plant & Equipment $606.7M $639.2M $541.3M
YoY Change 12.08% 9.66% -0.75%
Goodwill $627.8M $546.8M
YoY Change 14.81% 0.15%
Intangibles $364.8M $323.9M
YoY Change 12.63% -4.28%
Long-Term Investments
YoY Change
Other Assets $90.00M $90.00M $89.10M
YoY Change 1.01% 1.01% 10.14%
Total Long-Term Assets $1.722B $1.722B $1.543B
YoY Change 11.61% 11.61% -0.96%
TOTAL ASSETS
Total Short-Term Assets $1.753B $1.753B $1.618B
Total Long-Term Assets $1.722B $1.722B $1.543B
Total Assets $3.474B $3.474B $3.161B
YoY Change 9.93% 9.93% 3.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $745.9M $745.9M $595.2M
YoY Change 25.32% 25.32% 16.8%
Accrued Expenses $181.8M $295.2M $161.9M
YoY Change 12.29% 24.82% 12.67%
Deferred Revenue $155.2M $90.00M
YoY Change 72.44% 81.45%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.800M $6.800M $6.800M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $1.119B $1.119B $886.3M
YoY Change 26.23% 26.23% 15.63%
LONG-TERM LIABILITIES
Long-Term Debt $189.9M $189.9M $106.4M
YoY Change 78.48% 78.48% -61.62%
Other Long-Term Liabilities $197.7M $333.5M $177.2M
YoY Change 11.57% 4.32% -6.04%
Total Long-Term Liabilities $387.6M $523.4M $283.6M
YoY Change 36.67% 22.84% -39.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.119B $1.119B $886.3M
Total Long-Term Liabilities $387.6M $523.4M $283.6M
Total Liabilities $1.642B $1.642B $1.312B
YoY Change 25.13% 25.13% -5.66%
SHAREHOLDERS EQUITY
Retained Earnings $2.827B $2.510B
YoY Change 12.63% 8.01%
Common Stock $545.2M $520.4M
YoY Change 4.77% 2.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.503B $1.156B
YoY Change 30.06% 3.88%
Treasury Stock Shares
Shareholders Equity $1.832B $1.832B $1.848B
YoY Change
Total Liabilities & Shareholders Equity $3.474B $3.474B $3.161B
YoY Change 9.93% 9.93% 3.36%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $139.6M $487.1M $120.0M
YoY Change 16.33% 41.23% 31.43%
Depreciation, Depletion And Amortization $19.90M $77.90M $19.30M
YoY Change 3.11% -2.63% -4.46%
Cash From Operating Activities $264.3M $641.1M $231.7M
YoY Change 14.07% 14.05% 31.5%
INVESTING ACTIVITIES
Capital Expenditures -$29.80M -$75.10M -$20.10M
YoY Change 48.26% 32.22% 42.55%
Acquisitions $207.6M
YoY Change
Other Investing Activities -$184.8M -$274.8M $19.50M
YoY Change -1047.69% -500.58% -84.25%
Cash From Investing Activities -$214.6M -$349.9M -$600.0K
YoY Change 35666.67% -3065.25% -100.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $366.5M
YoY Change 546.38%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.50M -$421.0M -35.90M
YoY Change 157.66% 12.33% -72.66%
NET CHANGE
Cash From Operating Activities 264.3M $641.1M 231.7M
Cash From Investing Activities -214.6M -$349.9M -600.0K
Cash From Financing Activities -92.50M -$421.0M -35.90M
Net Change In Cash -42.80M -$129.8M 195.2M
YoY Change -121.93% -165.19% 26.26%
FREE CASH FLOW
Cash From Operating Activities $264.3M $641.1M $231.7M
Capital Expenditures -$29.80M -$75.10M -$20.10M
Free Cash Flow $294.1M $716.2M $251.8M
YoY Change 16.8% 15.72% 32.32%

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185400000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
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157400000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
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272700000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
118200000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
226000000.0 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
478000000.0 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
75100000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
56800000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
64400000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11800000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33900000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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83500000 USD
CY2020 us-gaap Repayments Of Long Term Debt
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170800000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
62600000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
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366500000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56700000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
287700000 USD
CY2021 aos Payments For Proceeds From Stock Options Activity
PaymentsForProceedsFromStockOptionsActivity
-32100000 USD
CY2020 aos Payments For Proceeds From Stock Options Activity
PaymentsForProceedsFromStockOptionsActivity
-11400000 USD
CY2019 aos Payments For Proceeds From Stock Options Activity
PaymentsForProceedsFromStockOptionsActivity
500000 USD
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1000000.0 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
170100000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
158700000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
149200000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-421000000.0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-374800000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
199100000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
114300000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
573100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
374000000.0 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259700000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
443300000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
573100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
374000000.0 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1832200000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1848300000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1666800000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
113200000 USD
CY2021 us-gaap Number Of Reportable Segments
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2 segment
CY2021 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (U.S.) requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and notes. Actual results could differ from those estimates.</span>
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
128400000 USD
CY2021Q4 us-gaap Notes Payable
NotesPayable
145900000 USD
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
123300000 USD
CY2021Q4 us-gaap Percentage Of Lifo Inventory
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0.64
CY2020Q4 us-gaap Percentage Of Lifo Inventory
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0.67
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142300000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142300000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
134300000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
81200000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
56100000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
51300000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
48100000 USD
CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
12200000 USD
CY2020 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184400000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
107000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
97000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
110700000 USD
CY2021 aos Amortization Of Advertising Costs
AmortizationOfAdvertisingCosts
25200000 USD
CY2020 aos Amortization Of Advertising Costs
AmortizationOfAdvertisingCosts
27000000 USD
CY2019 aos Amortization Of Advertising Costs
AmortizationOfAdvertisingCosts
28500000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
94200000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
80700000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
87900000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5600000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4200000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2300000 USD
CY2021 aos Minimum Percentage Of Amount Likely To Be Realized Upon Ultimate Settlement To Recognize Tax Benefits
MinimumPercentageOfAmountLikelyToBeRealizedUponUltimateSettlementToRecognizeTaxBenefits
0.50
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45500000 USD
CY2021Q4 aos Rent Incentives And Deferrals
RentIncentivesAndDeferrals
1500000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
159906834 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161530589 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165450441 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1413068 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1073560 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1260456 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
161319902 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162604149 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166710897 shares
CY2021Q4 us-gaap Contract With Customer Liability Current
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155200000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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90000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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9500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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5600000 USD
CY2021 us-gaap Number Of Reportable Segments
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2 segment
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3538900000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2895300000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2992700000 USD
CY2021 aos Lessee Operating Lease Termination Period
LesseeOperatingLeaseTerminationPeriod
P1Y
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11700000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11100000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22300000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34400000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34000000.0 USD
CY2020Q4 aos Rent Incentives And Deferrals
RentIncentivesAndDeferrals
3900000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32500000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41600000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2500000 USD
CY2021 us-gaap Variable Lease Cost
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2300000 USD
CY2020 us-gaap Short Term Lease Cost
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1800000 USD
CY2020 us-gaap Variable Lease Cost
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1600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5500000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3500000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
9000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38200000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4200000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34000000.0 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
7700000 USD
CY2020 us-gaap Severance Costs1
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6800000 USD
CY2021Q4 us-gaap Inventory Work In Process
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42000000.0 USD
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25500000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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-4500000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Inventories
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109500000 USD
CY2020 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Other Current Assets
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-4900000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
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-4700000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
4800000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
142900000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
85600000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-35400000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
56300000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
29300000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
14200000 USD
CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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21700000 USD
CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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3400000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-10100000 USD
CY2021 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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-90800000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-130400000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-32600000 USD
CY2021Q4 us-gaap Inventory Finished Goods
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190200000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
143400000 USD
CY2020Q4 us-gaap Inventory Work In Process
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21800000 USD
CY2021Q4 us-gaap Inventory Raw Materials
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286300000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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159200000 USD
CY2021Q4 us-gaap Inventory Gross
InventoryGross
518500000 USD
CY2020Q4 us-gaap Inventory Gross
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324400000 USD
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
70800000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
24300000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
447700000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
300100000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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1343200000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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1222600000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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736500000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
681300000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
606700000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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541300000 USD
CY2019Q4 us-gaap Goodwill
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546000000.0 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
800000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
546800000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2021 us-gaap Goodwill Acquired During Period
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82500000 USD
CY2021Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Long Term Debt
LongTermDebt
113200000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
519300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
292000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
154500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
137500000 USD
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281700000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
139900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
154500000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
364800000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
465700000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141800000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
323900000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14500000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15800000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
196700000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6800000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6800000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
189900000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
106400000 USD
CY2021Q4 aos Long Term Debt Fixed Interest Payment
LongTermDebtFixedInterestPayment
24100000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
79800000 USD
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2021 aos Common Stock Conversion Basis Ratio
CommonStockConversionBasisRatio
1
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.06
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.98
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.90
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
7000000 shares
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5087467 shares
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
72.03
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
366500000 USD
CY2021Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
3526357 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1348391 shares
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56700000 USD
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6113038 shares
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
287700000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11900000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12700000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13300000 USD
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
5100000 USD
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
6200000 USD
CY2019 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
6400000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2785654 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
49.18
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
43.01
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2728350 shares
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37.64
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2432689 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.05
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368780 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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60.85
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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798970 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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42.50
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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557045 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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49.49
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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38.35
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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19.59
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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18.55
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12591 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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79451 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
48.98
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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11544 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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54.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2252498 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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47.73
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2785654 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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43.01
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2728350 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.64
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1191795 shares
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45.71
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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40.35
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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30.07
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21300000 USD
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7700000 USD
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P8Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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85900000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
47800000 USD
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1256190 shares
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46.23
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60.85
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551676 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
48.72
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
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12591 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
48.81
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1060703 shares
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49.99
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14.03
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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8.17
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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10.83
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P5Y9M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y8M12D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
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0.012
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.027
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0.016
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CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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857300000 USD
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0.021
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.016
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0.274
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.237
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.228
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1
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0.50
CY2021 aos Postretirement Medical Benefits Qualifying Age
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13600000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2020Q4 aos Defined Benefit Plan Fair Value Of Plan Assets Including Noninvestment Plan Assets
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858800000 USD
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0.0700
CY2020Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0740
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0.0500
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0.0500
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1
CY2020Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
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CY2020 us-gaap Defined Benefit Plan Purchases Sales And Settlements
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3800000 USD
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5200000 USD
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2300000 USD
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1700000 USD
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19900000 USD
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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1800000 USD
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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0.210
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0.210
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0.005
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0.004
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472100000 USD
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42500000 USD
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85200000 USD
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66200000 USD
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CY2020Q4 aos Deferred Tax Asset Environmental
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8900000 USD
CY2020Q4 aos Deferred Tax Asset Tax Loss And Credit Carryovers
DeferredTaxAssetTaxLossAndCreditCarryovers
20300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
12900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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