2023 Q4 Form 10-Q Financial Statement
#000192196323000025 Filed on November 03, 2023
Income Statement
| Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
|---|---|---|---|
| Revenue | $399.7M | $396.2M | $1.562B |
| YoY Change | -74.41% | -1.25% | |
| Cost Of Revenue | $294.1M | $293.3M | $1.203B |
| YoY Change | -75.56% | -2.72% | |
| Gross Profit | $105.6M | $102.9M | $358.9M |
| YoY Change | -70.58% | 3.21% | |
| Gross Profit Margin | 26.42% | 25.97% | 22.98% |
| Selling, General & Admin | $48.30M | $41.30M | $139.7M |
| YoY Change | -65.43% | 27.86% | |
| % of Gross Profit | 45.74% | 40.14% | 38.92% |
| Research & Development | $9.300M | $11.10M | $38.60M |
| YoY Change | -75.91% | 13.27% | |
| % of Gross Profit | 8.81% | 10.79% | 10.76% |
| Depreciation & Amortization | $5.400M | $5.200M | $16.20M |
| YoY Change | -66.67% | -1.89% | -1.22% |
| % of Gross Profit | 5.11% | 5.05% | 4.51% |
| Operating Expenses | $58.20M | $52.40M | $183.3M |
| YoY Change | -68.25% | 24.47% | |
| Operating Profit | $47.40M | $58.80M | $175.6M |
| YoY Change | -73.01% | -9.4% | |
| Interest Expense | -$1.800M | $11.00M | $27.30M |
| YoY Change | -106.59% | 3566.67% | |
| % of Operating Profit | -3.8% | 18.71% | 15.55% |
| Other Income/Expense, Net | $1.600M | $1.100M | $8.800M |
| YoY Change | -81.82% | ||
| Pretax Income | $47.20M | $48.90M | $211.7M |
| YoY Change | -77.7% | -24.3% | |
| Income Tax | $12.40M | $11.30M | $41.60M |
| % Of Pretax Income | 26.27% | 23.11% | 19.65% |
| Net Earnings | $34.80M | $37.60M | $170.1M |
| YoY Change | -79.54% | -25.4% | |
| Net Earnings / Revenue | 8.71% | 9.49% | 10.89% |
| Basic Earnings Per Share | $0.45 | ||
| Diluted Earnings Per Share | $0.42 | $0.45 | $2.04 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 83.30M shares | 83.30M shares | |
| Diluted Shares Outstanding | 83.40M shares |
Balance Sheet
| Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $168.0M | $138.8M | $0.00 |
| YoY Change | |||
| Cash & Equivalents | $168.0M | $138.8M | $0.00 |
| Short-Term Investments | |||
| Other Short-Term Assets | $28.20M | $34.20M | $19.30M |
| YoY Change | 46.11% | ||
| Inventory | $250.0M | $243.0M | $251.8M |
| Prepaid Expenses | |||
| Receivables | $184.5M | $176.8M | $174.2M |
| Other Receivables | $62.30M | $61.00M | $67.00M |
| Total Short-Term Assets | $693.0M | $653.8M | $512.3M |
| YoY Change | 35.27% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $199.4M | $162.1M | $148.4M |
| YoY Change | 34.37% | ||
| Goodwill | $84.70M | $84.70M | $84.70M |
| YoY Change | 0.0% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $84.80M | $78.20M | $77.00M |
| YoY Change | 10.13% | ||
| Other Assets | $51.50M | $47.30M | $57.00M |
| YoY Change | -9.65% | ||
| Total Long-Term Assets | $395.6M | $372.3M | $367.1M |
| YoY Change | 7.76% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $693.0M | $653.8M | $512.3M |
| Total Long-Term Assets | $395.6M | $372.3M | $367.1M |
| Total Assets | $1.089B | $1.026B | $879.4M |
| YoY Change | 23.79% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $174.2M | $153.1M | $145.9M |
| YoY Change | 19.4% | ||
| Accrued Expenses | $120.3M | $115.2M | $103.1M |
| YoY Change | 16.68% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $7.500M | $3.700M | $0.00 |
| YoY Change | |||
| Total Short-Term Liabilities | $375.0M | $353.6M | $349.1M |
| YoY Change | 7.42% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $592.5M | $596.3M | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $31.80M | $34.40M | $80.80M |
| YoY Change | -60.64% | ||
| Total Long-Term Liabilities | $624.3M | $630.7M | $80.80M |
| YoY Change | 672.65% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $375.0M | $353.6M | $349.1M |
| Total Long-Term Liabilities | $624.3M | $630.7M | $80.80M |
| Total Liabilities | $1.008B | $991.7M | $429.9M |
| YoY Change | 134.45% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $87.20M | $52.40M | $0.00 |
| YoY Change | |||
| Common Stock | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $80.70M | $34.40M | $449.5M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.089B | $1.026B | $879.4M |
| YoY Change | 23.79% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $34.80M | $37.60M | $170.1M |
| YoY Change | -79.54% | -25.4% | |
| Depreciation, Depletion And Amortization | $5.400M | $5.200M | $16.20M |
| YoY Change | -66.67% | -1.89% | -1.22% |
| Cash From Operating Activities | $41.70M | $58.30M | $174.2M |
| YoY Change | -76.06% | 20.95% | 14.83% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $16.20M | $10.50M | $28.50M |
| YoY Change | -43.16% | 77.97% | 4.4% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$16.20M | -$10.50M | -$28.50M |
| YoY Change | -43.16% | 77.97% | 4.4% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 3.700M | -48.60M | -145.7M |
| YoY Change | -102.54% | 14.89% | 17.12% |
| NET CHANGE | |||
| Cash From Operating Activities | 41.70M | 58.30M | 174.2M |
| Cash From Investing Activities | -16.20M | -10.50M | -28.50M |
| Cash From Financing Activities | 3.700M | -48.60M | -145.7M |
| Net Change In Cash | 29.20M | -800.0K | 0.000 |
| YoY Change | -42949672959999700.0% | -100.0% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $41.70M | $58.30M | $174.2M |
| Capital Expenditures | $16.20M | $10.50M | $28.50M |
| Free Cash Flow | $25.50M | $47.80M | $145.7M |
| YoY Change | -82.5% | 13.0% | 17.12% |
Facts In Submission
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|---|---|---|---|---|
| CY2023Q3 | us-gaap |
Cost Of Revenue
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293300000 | usd |
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Cost Of Revenue
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Cost Of Revenue
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Cost Of Revenue
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Product Warranty Accrual
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Other Receivables Net Current
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Inventory Net
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Prepaid Expense And Other Assets Current
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Assets Current
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Property Plant And Equipment Net
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Property Plant And Equipment Net
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Investments In Affiliates Subsidiaries Associates And Joint Ventures
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Goodwill
Goodwill
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Goodwill
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Assets
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Other Liabilities Current
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Other Liabilities Current
OtherLiabilitiesCurrent
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
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Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
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Long Term Debt Current
LongTermDebtCurrent
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Long Term Debt Current
LongTermDebtCurrent
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Liabilities Current
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Long Term Debt Noncurrent
LongTermDebtNoncurrent
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Product Warranty Accrual Noncurrent
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Liabilities
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Liabilities
Liabilities
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Commitments And Contingencies
CommitmentsAndContingencies
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Commitments And Contingencies
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.0001 | |
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Common Stock Shares Authorized
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Common Stock Shares Issued
CommonStockSharesIssued
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Common Stock Value
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Parent Investment Net
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Parent Investment Net
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Additional Paid In Capital
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Additional Paid In Capital
AdditionalPaidInCapital
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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Retained Earnings Accumulated Deficit
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Liabilities And Stockholders Equity
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Net Income Loss
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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1600000 | usd | |
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Income Loss From Equity Method Investments Net
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Income Loss From Equity Method Investments Net
IncomeLossFromEquityMethodInvestmentsNet
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Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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4700000 | usd | |
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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4400000 | usd | |
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Increase Decrease In Other Receivables
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Increase Decrease In Inventories
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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Increase Decrease In Other Noncurrent Liabilities
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-500000 | usd | |
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Increase Decrease In Other Operating Capital Net
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Increase Decrease In Other Operating Capital Net
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Property Plant And Equipment
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Payments To Acquire Property Plant And Equipment
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Net Cash Provided By Used In Investing Activities
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Net Cash Provided By Used In Investing Activities
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Proceeds From Issuance Of Long Term Debt
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Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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Payments Of Net Transfers To Parent
PaymentsOfNetTransfersToParent
|
580300000 | usd | |
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Proceeds From Payments For Other Financing Activities
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Net Cash Provided By Used In Financing Activities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Payments For Settlements With Parent Non Cash
PaymentsForSettlementsWithParentNonCash
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29400000 | usd | |
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Payments For Settlements With Parent Non Cash
PaymentsForSettlementsWithParentNonCash
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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Stockholders Equity
StockholdersEquity
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Net Income Loss
NetIncomeLoss
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stockholders Equity
StockholdersEquity
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Stockholders Equity
StockholdersEquity
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| us-gaap |
Net Income Loss
NetIncomeLoss
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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| atmu |
Net Transfers To Parent
NetTransfersToParent
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550900000 | usd | |
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Stockholders Equity
StockholdersEquity
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34400000 | usd |
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Stockholders Equity
StockholdersEquity
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468900000 | usd |
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Net Transfers To Parent
NetTransfersToParent
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42300000 | usd |
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Stockholders Equity
StockholdersEquity
|
465500000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
134400000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-31000000.0 | usd | |
| atmu |
Net Transfers To Parent
NetTransfersToParent
|
65500000 | usd | |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
465500000 | usd |
| CY2023Q3 | us-gaap |
Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
|
150 | country |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
BASIS OF PRESENTATION<div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As Atmus became a publicly traded company upon the IPO, its financial statements are now presented on a consolidated basis. In preparation for the IPO, the Company’s historical combined financial statements were prepared on a standalone basis, which reflected a combination of entities under common control that had been “carved out” of and derived from the historical consolidated financial statements and accounting records of Cummins. </span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The unaudited financial statements for all periods presented, including the historical results of the Company prior to May 26, 2023, are now referred to as “Condensed Consolidated Financial Statements”, and have been prepared pursuant to the rules and regulations </span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of the Commission for interim financial information</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Accordingly, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair statement of Atmus’s results of operations, financial position and cash flows. Results of operations for any interim period are not necessarily indicative of future or annual results. These </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">interim statements should be read in conjunction with the audited financial statements and notes thereto included in Atmus’s final prospectus relating to the IPO, as filed with the Commission on May 26, 2023, pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, relating to the Company’s Registration Statement on Form S-1 (the “IPO Prospectus”) and with the restated financial statements for the three months ended March 31, 2023 and the revised financial statements for the years ended December 31, 2022, 2021 and 2020 as filed with the Commission on August 8, 2023 on Form 8-K.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Periods Prior to the IPO</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the IPO, Atmus, previously the Filtration Business of Cummins, functioned as part of the larger group of businesses controlled by Cummins and accordingly, utilized centralized functions of Cummins, such as facilities and information technology, to support its operations. A portion of the shared service costs were historically allocated to the Filtration Business. Cummins also performed certain corporate functions for the Filtration Business. The corporate expenses related to the Filtration Business were allocated from Cummins. These allocated costs primarily related to certain governance and corporate functions, including finance, human resources, investor relations, legal, tax, treasury and certain other costs. Where it was possible to specifically attribute such expenses to activities of the Filtration Business, these amounts were charged or credited directly to the Filtration Business without allocation or apportionment. Allocation of other such expenses was based on a reasonable reflection of the utilization of the service provided or benefit received by the Filtration Business for the periods presented prior to the Separation, on a consistent basis, such as a relative percentage of headcount and third-party sales. The aggregate costs allocated for these functions to the Filtration Business are included within the unaudited Condensed Consolidated Statements of Net Income for the periods presented prior to the Separation.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes these cost allocations were a reasonable reflection of the utilization of services provided to, or the benefit derived by, the Filtration Business during the period prior to the IPO, though the allocations may not be indicative of the actual costs that would have been incurred had the Filtration Business operated as a standalone public company. Actual costs that may have been incurred if the Filtration Business had been a standalone company would depend on a number of factors, including the chosen organizational structure, whether functions were outsourced or performed by the Filtration Business employees, and strategic decisions made in areas such as manufacturing, selling and marketing, research and development, information technology and infrastructure.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Historically, Atmus’s cash was transferred to Cummins on a daily basis. This arrangement was not reflective of the manner in which Atmus would have been able to finance its operations had it been a standalone business separate from Cummins during each of the periods presented.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cummins’ debt and related interest expense were not allocated to Atmus for any of the periods presented since Atmus was not the legal obligor of the debt and Cummins’ borrowings were not directly attributable to Atmus.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As the separate legal entities that made up the Filtration Business were not historically held by a single legal entity, Cummins’ net investment in this business (“Net Parent Investment”) was presented in lieu of a controlling interest’s equity in the Condensed Consolidated Financial Statements.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the Filtration Business, transactions with Cummins affiliates were included in the Condensed Consolidated Statements of Net Income and related balances were reflected as related party receivables and related party payables. Other balances between the Filtration Business and Cummins were considered to be effectively settled in the Condensed Consolidated Financial Statements at the time the transactions were recorded.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">As of the IPO Date</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Separation, we entered into various agreements with Cummins, including a separation agreement. In the Separation Agreement, there were certain assets and liabilities identified in the schedules, including leases and unrecognized tax liabilities, which were retained by Cummins and were reflected as Net Parent Investment in the Company’s Condensed Consolidated Financial Statements, and those that were transferred to the Company, including additional pension assets, other compensation obligations and certain other assets and liabilities, which were transferred to the Company through Net Parent Investment in the Company’s Condensed Consolidated Financial Statements. These various agreements comprehensively </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">provide a framework for our relationship with Cummins and govern various interim and ongoing relationships between us and Cummins post IPO.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of the Separation, Net Parent Investment was reclassified as Additional Paid-in Capital.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Periods Post IPO</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the IPO, certain services continue to be provided by Cummins under the Transition Services Agreement (“TSA”). The Company incurred certain costs in its establishment as a standalone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly traded company.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a standalone entity, the Company will file tax returns on its own behalf, and tax balances and effective income tax rates may differ from the amounts reported in the historical periods. Atmus currently files a consolidated Federal income tax return and returns in certain other jurisdictions with Cummins. Following a full separation from Cummins, Atmus will file tax returns in those jurisdictions on its own behalf.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Post IPO, Retained earnings began to accumulate and the balance reflected on the Condensed Consolidated Balance Sheets reflects earnings for the period May 26, 2023 through September 30, 2023.</span></div> | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:10pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Significant Accounting Estimates and Judgments</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of financial statements requires management to make estimates and assumptions that affect reported amounts presented and disclosed in our interim Condensed Consolidated Financial Statements. Significant estimates and assumptions in these interim Condensed Consolidated Financial Statements require the exercise of judgment. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing these interim Condensed Consolidated Financial Statements, the significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation and uncertainty were the same as those applied to the Combined Financial Statements in the IPO Prospectus.</span></div> | ||
| CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
396200000 | usd |
| CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
401200000 | usd |
| CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
401200000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1228400000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1176900000 | usd | |
| CY2023Q3 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
92600000 | usd |
| CY2022Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
92400000 | usd |
| CY2023Q3 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
276100000 | usd |
| CY2022Q4 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
288300000 | usd |
| CY2023Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
33100000 | usd |
| CY2022Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
43300000 | usd |
| CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
243000000.0 | usd |
| CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
6700000 | usd |
| CY2022Q3 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
6000000.0 | usd |
| us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
20300000 | usd | |
| us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
17400000 | usd | |
| CY2023Q3 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
1400000 | usd |
| CY2022Q3 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
1300000 | usd |
| us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4500000 | usd | |
| us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4100000 | usd | |
| CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
8100000 | usd |
| CY2022Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7300000 | usd |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
24800000 | usd | |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
21500000 | usd | |
| CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.231 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | ||
| CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.213 | ||
| CY2023Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
183500000 | usd |
| CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
195900000 | usd |
| CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
245000000.0 | usd |
| CY2022Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
15500000 | usd |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
6800000 | usd | |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
1300000 | usd | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
5400000 | usd | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
5800000 | usd | |
| us-gaap |
Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
|
-4800000 | usd | |
| us-gaap |
Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
|
-2200000 | usd | |
| us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-200000 | usd | |
| us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-500000 | usd | |
| CY2023Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
11900000 | usd |
| CY2022Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
16700000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
4500000 | usd |
| CY2022Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
5900000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
7400000 | usd |
| CY2022Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
9600000 | usd |
| CY2023Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
11900000 | usd |
| CY2022Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
15500000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
7500000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
22500000 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
30000000.0 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
540000000.0 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
0 | usd |
| CY2023Q3 | atmu |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
0 | usd |
| CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
600000000.0 | usd |
| CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-6100000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-11500000 | usd |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-8200000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-31000000.0 | usd | |
| CY2023Q3 | atmu |
Operating Expenses Allocated Corporate Costs
OperatingExpensesAllocatedCorporateCosts
|
0 | usd |
| atmu |
Operating Expenses Allocated Corporate Costs
OperatingExpensesAllocatedCorporateCosts
|
13700000 | usd | |
| CY2022Q3 | atmu |
Operating Expenses Allocated Corporate Costs
OperatingExpensesAllocatedCorporateCosts
|
9700000 | usd |
| atmu |
Operating Expenses Allocated Corporate Costs
OperatingExpensesAllocatedCorporateCosts
|
36400000 | usd | |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
37600000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
50400000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
136500000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
134400000 | usd | |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83300000 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83300000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83300000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
83300000 | shares | |
| CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares |
| CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
100000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83400000 | shares |
| CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83300000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83400000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83300000 | shares | |
| CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.45 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.64 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.61 | ||
| CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.45 | |
| CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.64 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.61 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
| CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
| CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
26200000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
32400000 | usd |
| CY2023Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
10000000.0 | usd |
| CY2022Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
14300000 | usd |
| CY2023Q3 | us-gaap |
Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
|
3000000.0 | usd |
| CY2022Q4 | us-gaap |
Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
|
3100000 | usd |
| CY2023Q3 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
8100000 | usd |
| CY2022Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
7200000 | usd |
| CY2023Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
47300000 | usd |
| CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
57000000.0 | usd |
| CY2023Q3 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
41200000 | usd |
| CY2022Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
47300000 | usd |
| CY2023Q3 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
12100000 | usd |
| CY2022Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
7500000 | usd |
| CY2023Q3 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
11200000 | usd |
| CY2022Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
6000000.0 | usd |
| CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
7200000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
9000000.0 | usd |
| CY2023Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
300000 | usd |
| CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
400000 | usd |
| CY2023Q3 | atmu |
Other Accrued Liabilities Miscellaneous Current
OtherAccruedLiabilitiesMiscellaneousCurrent
|
10700000 | usd |
| CY2022Q4 | atmu |
Other Accrued Liabilities Miscellaneous Current
OtherAccruedLiabilitiesMiscellaneousCurrent
|
8800000 | usd |
| CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
82700000 | usd |
| CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
79000000.0 | usd |
| CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
19700000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
23200000 | usd |
| CY2023Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
5300000 | usd |
| CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
7300000 | usd |
| CY2023Q3 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
0 | usd |
| CY2022Q4 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
29800000 | usd |
| CY2023Q3 | atmu |
Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
|
9400000 | usd |
| CY2022Q4 | atmu |
Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
|
10900000 | usd |
| CY2023Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
34400000 | usd |
| CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
71200000 | usd |
| CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false |
