2024 Q1 Form 10-K Financial Statement

#000172248224000012 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.680B $1.723B $6.967B
YoY Change -5.65% -4.02% -7.26%
Cost Of Revenue $1.109B $1.152B $4.603B
YoY Change -4.0% -2.38% -6.24%
Gross Profit $570.5M $570.4M $2.364B
YoY Change -8.69% -7.18% -9.18%
Gross Profit Margin 33.96% 33.11% 33.93%
Selling, General & Admin $424.2M $387.1M $1.507B
YoY Change 7.77% 6.73% 2.31%
% of Gross Profit 74.36% 67.86% 63.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.60M $100.6M $94.60M
YoY Change -1.48% -0.1% 8.49%
% of Gross Profit 17.46% 17.64% 4.0%
Operating Expenses $424.2M $387.1M $1.507B
YoY Change 7.77% 6.73% 2.31%
Operating Profit $146.3M $183.3M $696.4M
YoY Change -36.72% -27.2% -38.38%
Interest Expense -$63.50M -$64.50M $284.8M
YoY Change -186.16% -16.23% 7.15%
% of Operating Profit -43.4% -35.19% 40.9%
Other Income/Expense, Net $300.0K $1.700M $5.800M
YoY Change -50.0% 6.25% -825.0%
Pretax Income $80.60M $119.5M $410.5M
YoY Change -48.27% -31.6% -51.77%
Income Tax $20.20M $21.00M $89.40M
% Of Pretax Income 25.06% 17.57% 21.78%
Net Earnings $60.40M $98.50M $321.1M
YoY Change -50.29% -30.49% -53.23%
Net Earnings / Revenue 3.6% 5.72% 4.61%
Basic Earnings Per Share $0.09 $0.48
Diluted Earnings Per Share $0.09 $0.15 $0.47
COMMON SHARES
Basic Shares Outstanding 678.3M shares 676.4M shares 675.6M shares
Diluted Shares Outstanding 681.4M shares 678.4M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $234.9M $262.9M $262.9M
YoY Change -20.26% -29.5% -29.5%
Cash & Equivalents $234.9M $262.9M $262.9M
Short-Term Investments
Other Short-Term Assets $145.9M $143.7M $143.7M
YoY Change -3.7% -6.14% -6.14%
Inventory $810.6M $828.1M $828.1M
Prepaid Expenses
Receivables $1.130B $1.150B $1.150B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.321B $2.385B $2.385B
YoY Change -11.65% -10.27% -10.27%
LONG-TERM ASSETS
Property, Plant & Equipment $739.7M $737.5M $858.2M
YoY Change 0.43% 1.44% 1.48%
Goodwill $5.672B $5.717B
YoY Change -0.18% 1.13%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $367.7M $358.3M $237.6M
YoY Change 34.94% 22.08% 35.93%
Total Long-Term Assets $10.44B $10.59B $10.59B
YoY Change -3.03% -2.02% -2.02%
TOTAL ASSETS
Total Short-Term Assets $2.321B $2.385B $2.385B
Total Long-Term Assets $10.44B $10.59B $10.59B
Total Assets $12.76B $12.97B $12.97B
YoY Change -4.72% -3.65% -3.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $573.4M $625.9M $625.9M
YoY Change -25.11% -17.45% -17.45%
Accrued Expenses $173.7M $183.3M $219.5M
YoY Change 5.91% 6.38% 5.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $299.1M $259.9M $259.9M
YoY Change -8.03% -28.64% -28.64%
Total Short-Term Liabilities $1.442B $1.480B $1.480B
YoY Change -13.63% -10.76% -10.76%
LONG-TERM LIABILITIES
Long-Term Debt $5.024B $5.277B $5.277B
YoY Change -12.41% -10.92% -10.92%
Other Long-Term Liabilities $360.7M $350.3M $350.3M
YoY Change 20.19% 18.58% 18.58%
Total Long-Term Liabilities $5.385B $5.627B $5.627B
YoY Change -10.79% -9.51% -9.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.442B $1.480B $1.480B
Total Long-Term Liabilities $5.385B $5.627B $5.627B
Total Liabilities $7.427B $7.720B $7.720B
YoY Change -11.6% -10.32% -10.32%
SHAREHOLDERS EQUITY
Retained Earnings $1.552B $1.492B
YoY Change 20.13% 27.44%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.336B $5.253B $5.253B
YoY Change
Total Liabilities & Shareholders Equity $12.76B $12.97B $12.97B
YoY Change -4.72% -3.65% -3.65%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $60.40M $98.50M $321.1M
YoY Change -50.29% -30.49% -53.23%
Depreciation, Depletion And Amortization $99.60M $100.6M $94.60M
YoY Change -1.48% -0.1% 8.49%
Cash From Operating Activities $141.6M $251.6M $870.0M
YoY Change -35.49% 22.37% 3.13%
INVESTING ACTIVITIES
Capital Expenditures $34.70M $50.60M $146.4M
YoY Change 23.93% 50.6% 9.75%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $500.0K $600.0K -$2.700M
YoY Change -171.43% 20.0% 80.0%
Cash From Investing Activities -$34.20M -$50.00M -$143.7M
YoY Change 25.27% 51.06% 31.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $210.3M $846.0M
YoY Change -21.97% -10.67%
Cash From Financing Activities -130.2M -184.1M -$843.7M
YoY Change -52.65% 125.61% 30.06%
NET CHANGE
Cash From Operating Activities 141.6M 251.6M $870.0M
Cash From Investing Activities -34.20M -50.00M -$143.7M
Cash From Financing Activities -130.2M -184.1M -$843.7M
Net Change In Cash -22.80M 17.50M -$109.2M
YoY Change -70.77% -80.75% -256.45%
FREE CASH FLOW
Cash From Operating Activities $141.6M $251.6M $870.0M
Capital Expenditures $34.70M $50.60M $146.4M
Free Cash Flow $106.9M $201.0M $723.6M
YoY Change -44.18% 16.86% 1.89%

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CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
967000000.0 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
47700000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
64600000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
64900000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
24200000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4100000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4855400000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
352400000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
40200000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4600000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
5252600000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
321100000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
686500000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
572600000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
402300000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
405500000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
379200000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
40500000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
45800000 usd
CY2023 avtr Provision For Accounts Receivable And Inventory
ProvisionForAccountsReceivableAndInventory
84500000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17700000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
15700000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
16300000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6900000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12500000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12400000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2600000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-10000000.0 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6700000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-77000000.0 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45200000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-30300000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
64900000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
100000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
5300000 usd
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-48600000 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
179300000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-56900000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
700000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7000000.0 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3000000.0 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
870000000.0 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
843600000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
953600000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
146400000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
133400000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
111100000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20200000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4014100000 usd
CY2023 us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
0 usd
CY2022 us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
42500000 usd
CY2021 us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
0 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2700000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1500000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3500000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-143700000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-109600000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4121700000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
327200000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2834600000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
846000000.0 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
947000000.0 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
533900000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2300000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
600000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
40600000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
967000000.0 usd
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
32400000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
64600000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18300000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17300000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
82500000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13700000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13200000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-25800000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-843700000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-648700000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3219200000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8200000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-15500000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13200000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-109200000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
69800000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37900000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
396900000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327100000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289200000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
396900000 usd
CY2022Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06250
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
62900000 shares
CY2022Q2 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
3.0395
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported throughout the financial statements. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="margin-bottom:12pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Derivatives and hedging</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">We use derivative instruments primarily to manage currency exchange and interest rate risks and recognize them as either assets or liabilities which are measured at fair value. </span></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%;padding-left:14.15pt">Cash flow hedges</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> — We use interest rate derivatives to add stability to interest expense and to manage its exposure to interest rate movements. For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative is recorded in AOCI and reclassified into earnings in the same period(s) during which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%;padding-left:14.15pt">Net Investment hedges</span> — We use foreign currency-denominated debt and cross-currency swaps to hedge our net investments in foreign operations against adverse movements in exchange rates. For derivatives designated as net investment hedges, the gain or loss on the derivative is reported in AOCI as part of the cumulative translation adjustment. Amounts are reclassified out of AOCI into earnings when the hedged net investment is either sold or substantially liquidated
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
77800000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
321100000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
675600000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
662300000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
650900000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
508000000.0 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
590500000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2800000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5600000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9100000 shares
CY2023 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2023 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2022 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
24200000 usd
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
22900000 shares
CY2021 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
321100000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
678400000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
686500000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
679400000 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
508000000.0 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
599600000 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023 us-gaap Revenues
Revenues
6967200000 usd
CY2022 us-gaap Revenues
Revenues
7512400000 usd
CY2021 us-gaap Revenues
Revenues
7386100000 usd
CY2023 avtr Adjusted Ebitda
AdjustedEBITDA
1309100000 usd
CY2022 avtr Adjusted Ebitda
AdjustedEBITDA
1570700000 usd
CY2021 avtr Adjusted Ebitda
AdjustedEBITDA
1458600000 usd
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
146400000 usd
CY2022 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
133400000 usd
CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
111100000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
402300000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
405500000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
379200000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
321100000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
686500000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
572600000 usd
CY2023 us-gaap Interest Expense
InterestExpense
284800000 usd
CY2022 us-gaap Interest Expense
InterestExpense
265800000 usd
CY2021 us-gaap Interest Expense
InterestExpense
217400000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89400000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164600000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180400000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
402300000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
405500000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
379200000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6900000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12500000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12400000 usd
CY2023 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
3100000 usd
CY2022 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
-7000000.0 usd
CY2021 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
-1300000 usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
300000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
-3300000 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3000000.0 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
77800000 usd
CY2023 avtr Vwr Transaction Expenses
VWRTransactionExpenses
7600000 usd
CY2022 avtr Vwr Transaction Expenses
VWRTransactionExpenses
19200000 usd
CY2021 avtr Vwr Transaction Expenses
VWRTransactionExpenses
15900000 usd
CY2023 avtr Purchase Accounting Adjustments
PurchaseAccountingAdjustments
0 usd
CY2022 avtr Purchase Accounting Adjustments
PurchaseAccountingAdjustments
9400000 usd
CY2021 avtr Purchase Accounting Adjustments
PurchaseAccountingAdjustments
6300000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
26500000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
3500000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
5300000 usd
CY2023 avtr Disgorgement Penalty
DisgorgementPenalty
0 usd
CY2022 avtr Disgorgement Penalty
DisgorgementPenalty
0 usd
CY2021 avtr Disgorgement Penalty
DisgorgementPenalty
13000000.0 usd
CY2023 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
7100000 usd
CY2022 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 usd
CY2021 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Other Restructuring Costs
OtherRestructuringCosts
5400000 usd
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
CY2023 avtr Adjusted Ebitda
AdjustedEBITDA
1309100000 usd
CY2022 avtr Adjusted Ebitda
AdjustedEBITDA
1570700000 usd
CY2021 avtr Adjusted Ebitda
AdjustedEBITDA
1458600000 usd
CY2023 us-gaap Revenues
Revenues
6967200000 usd
CY2022 us-gaap Revenues
Revenues
7512400000 usd
CY2021 us-gaap Revenues
Revenues
7386100000 usd
CY2023 us-gaap Revenues
Revenues
6967200000 usd
CY2022 us-gaap Revenues
Revenues
7512400000 usd
CY2021 us-gaap Revenues
Revenues
7386100000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
737500000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
727000000.0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262900000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
372900000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
24800000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
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24000000.0 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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287700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023Q4 us-gaap Cash Held In Foreign Currency
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249200000 usd
CY2023Q4 us-gaap Cash Not Held In Foreign Currency
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CY2023Q4 us-gaap Retail Related Inventory Merchandise
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503500000 usd
CY2022Q4 us-gaap Retail Related Inventory Merchandise
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556100000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
117100000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
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167200000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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181200000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
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66400000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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59100000 usd
CY2023Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Percentage Of Lifo Inventory
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CY2022Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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34100000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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518400000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2022Q4 us-gaap Goodwill
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CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2023Q4 us-gaap Goodwill Gross
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2022 us-gaap Goodwill Other Increase Decrease
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CY2022Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2022Q4 us-gaap Goodwill Gross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2023Q4 avtr Accumulated Impairment Of Intangible Assets Finite Lived
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CY2022Q4 avtr Accumulated Impairment Of Intangible Assets Finite Lived
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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318300000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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303500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
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CY2023Q4 us-gaap Deferred Finance Costs Net
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CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
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CY2023 us-gaap Interest Income Operating
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CY2022 us-gaap Interest Income Operating
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CY2021 us-gaap Interest Income Operating
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CY2023Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
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CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2023Q4 us-gaap Line Of Credit
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CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2023Q2 avtr Long Term Debt Delinquency Ratio Cap
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CY2023Q2 avtr Long Term Debt Delinquency Ratio Cap
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CY2022Q4 avtr Line Of Credit Facility Current Borrowing Capacity Upsize
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CY2022Q4 avtr Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
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CY2023 us-gaap Repayments Of Debt
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CY2022 us-gaap Repayments Of Debt
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CY2022Q4 avtr Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
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CY2022Q2 us-gaap Preferred Stock Dividend Rate Percentage
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CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2022Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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CY2022Q2 us-gaap Convertible Preferred Stock Terms Of Conversion
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CY2023Q4 avtr Common Stock Voting Rights For Each Share
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2023 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
30000000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
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CY2023Q4 avtr Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized Annual Percentage Increase
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedAnnualPercentageIncrease
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
31100000 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
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40500000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45800000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.33
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.31
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.29
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
14200000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
15400000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
17200000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7100000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10100000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
74900000 usd
CY2023 us-gaap Restricted Stock Expense
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CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
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CY2021 us-gaap Restricted Stock Expense
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CY2023 avtr Foreign Currency Transaction Gain Loss From Financing Activities
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3100000 usd
CY2022 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
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CY2021 avtr Foreign Currency Transaction Gain Loss From Financing Activities
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CY2023 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2022 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2021 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2023 us-gaap Other Nonoperating Income
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CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
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CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2022 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Other Nonoperating Income Expense
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CY2021 avtr Disgorgement Penalty
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CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
618000000.0 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
555000000.0 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
233100000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
198000000.0 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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410500000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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851100000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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753000000.0 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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119900000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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35500000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
32200000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
81600000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
261800000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
233700000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
198100000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11600000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-900000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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