2024 Q2 Form 10-Q Financial Statement
#000172248224000102 Filed on April 26, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $1.703B | $1.680B |
YoY Change | -2.36% | -5.65% |
Cost Of Revenue | $1.121B | $1.109B |
YoY Change | -2.83% | -4.0% |
Gross Profit | $581.5M | $570.5M |
YoY Change | -1.44% | -8.69% |
Gross Profit Margin | 34.15% | 33.96% |
Selling, General & Admin | $405.7M | $424.2M |
YoY Change | 13.48% | 7.77% |
% of Gross Profit | 69.77% | 74.36% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $102.6M | $99.60M |
YoY Change | 0.0% | -1.48% |
% of Gross Profit | 17.64% | 17.46% |
Operating Expenses | $405.7M | $424.2M |
YoY Change | 13.48% | 7.77% |
Operating Profit | $175.8M | $146.3M |
YoY Change | -24.39% | -36.72% |
Interest Expense | $60.90M | -$63.50M |
YoY Change | -184.82% | -186.16% |
% of Operating Profit | 34.64% | -43.4% |
Other Income/Expense, Net | $1.600M | $300.0K |
YoY Change | 300.0% | -50.0% |
Pretax Income | $114.6M | $80.60M |
YoY Change | -8915.38% | -48.27% |
Income Tax | $21.70M | $20.20M |
% Of Pretax Income | 18.94% | 25.06% |
Net Earnings | $92.90M | $60.40M |
YoY Change | -1372.6% | -50.29% |
Net Earnings / Revenue | 5.46% | 3.6% |
Basic Earnings Per Share | $0.14 | $0.09 |
Diluted Earnings Per Share | $0.14 | $0.09 |
COMMON SHARES | ||
Basic Shares Outstanding | 679.3M shares | 678.3M shares |
Diluted Shares Outstanding | 682.6M shares | 681.4M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $272.6M | $234.9M |
YoY Change | 15.31% | -20.26% |
Cash & Equivalents | $272.6M | $234.9M |
Short-Term Investments | ||
Other Short-Term Assets | $132.0M | $145.9M |
YoY Change | -15.55% | -3.7% |
Inventory | $795.6M | $810.6M |
Prepaid Expenses | ||
Receivables | $1.129B | $1.130B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.329B | $2.321B |
YoY Change | -6.8% | -11.65% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $753.8M | $739.7M |
YoY Change | 7.96% | 0.43% |
Goodwill | $5.660B | $5.672B |
YoY Change | -0.6% | -0.18% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $368.1M | $367.7M |
YoY Change | 33.03% | 34.94% |
Total Long-Term Assets | $10.36B | $10.44B |
YoY Change | -1.89% | -3.03% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.329B | $2.321B |
Total Long-Term Assets | $10.36B | $10.44B |
Total Assets | $12.69B | $12.76B |
YoY Change | -2.83% | -4.72% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $657.4M | $573.4M |
YoY Change | -4.25% | -25.11% |
Accrued Expenses | $196.0M | $173.7M |
YoY Change | 12.9% | 5.91% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $258.4M | $299.1M |
YoY Change | -17.71% | -8.03% |
Total Short-Term Liabilities | $1.465B | $1.442B |
YoY Change | -5.52% | -13.63% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.857B | $5.024B |
YoY Change | -12.81% | -12.41% |
Other Long-Term Liabilities | $361.9M | $360.7M |
YoY Change | 34.64% | 20.19% |
Total Long-Term Liabilities | $5.219B | $5.385B |
YoY Change | -10.63% | -10.79% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.465B | $1.442B |
Total Long-Term Liabilities | $5.219B | $5.385B |
Total Liabilities | $7.259B | $7.427B |
YoY Change | -9.85% | -11.6% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.645B | $1.552B |
YoY Change | 28.04% | 20.13% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.435B | $5.336B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $12.69B | $12.76B |
YoY Change | -2.83% | -4.72% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $92.90M | $60.40M |
YoY Change | -1372.6% | -50.29% |
Depreciation, Depletion And Amortization | $102.6M | $99.60M |
YoY Change | 0.0% | -1.48% |
Cash From Operating Activities | $281.1M | $141.6M |
YoY Change | 67.12% | -35.49% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $45.80M | $34.70M |
YoY Change | 52.16% | 23.93% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $900.0K | $500.0K |
YoY Change | 28.57% | -171.43% |
Cash From Investing Activities | -$44.90M | -$34.20M |
YoY Change | 52.72% | 25.27% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $210.3M | |
YoY Change | -21.97% | |
Cash From Financing Activities | -197.1M | -130.2M |
YoY Change | 0.46% | -52.65% |
NET CHANGE | ||
Cash From Operating Activities | 281.1M | 141.6M |
Cash From Investing Activities | -44.90M | -34.20M |
Cash From Financing Activities | -197.1M | -130.2M |
Net Change In Cash | 39.10M | -22.80M |
YoY Change | -168.12% | -70.77% |
FREE CASH FLOW | ||
Cash From Operating Activities | $281.1M | $141.6M |
Capital Expenditures | $45.80M | $34.70M |
Free Cash Flow | $235.3M | $106.9M |
YoY Change | 70.38% | -44.18% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1155500000 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
570500000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
624800000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
676600000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
676600000 | shares |
CY2024Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1109300000 | usd |
CY2024Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
424200000 | usd |
CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
393600000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
146300000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
231200000 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
64300000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
73700000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2500000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2300000 | usd |
CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1100000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
600000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
80600000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
155800000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20200000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34300000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60400000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
121500000 | usd |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678100000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
674700000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
681400000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678100000 | shares |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60400000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
121500000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
-22000000.0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
16900000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
9800000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
-100000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
8500000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
6500000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
-200000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
-4900000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-20900000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
5400000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
7100000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-5200000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-28000000.0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
10600000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
32400000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
132100000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5252600000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
32400000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12400000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
38900000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5336300000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4855400000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
132100000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12600000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-5500000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4994600000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60400000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
121500000 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
99600000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
101100000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12700000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12700000 | usd |
CY2024Q1 | avtr |
Provision For Accounts Receivable And Inventory
ProvisionForAccountsReceivableAndInventory
|
24000000.0 | usd |
CY2023Q1 | avtr |
Provision For Accounts Receivable And Inventory
ProvisionForAccountsReceivableAndInventory
|
12500000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-17900000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-26400000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3000000.0 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3400000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2500000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2300000 | usd |
CY2024Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-5300000 | usd |
CY2023Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1800000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2700000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
52200000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
11000000.0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-7100000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-43600000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
600000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-9500000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-10500000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-9300000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-44100000 | usd |
CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4100000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1500000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
141600000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
219500000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
34700000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
28000000.0 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-500000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-700000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-34200000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27300000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
41200000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd |
CY2024Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
210300000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
269500000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
45500000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2600000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6600000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-8100000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-130200000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-275000000.0 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-5700000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4800000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-28500000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-78000000.0 | 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 |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
259200000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
318900000 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt"><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-top: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> | |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
60400000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678100000 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2024Q1 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
0 | usd |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3300000 | shares |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
60400000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
681400000 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
121500000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
674700000 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | |
CY2023Q1 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
0 | usd |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3400000 | shares |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
121500000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678100000 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | |
CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
1679800000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
1780300000 | usd |
CY2024Q1 | avtr |
Adjusted Ebitda
AdjustedEBITDA
|
258400000 | usd |
CY2023Q1 | avtr |
Adjusted Ebitda
AdjustedEBITDA
|
323100000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60400000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
121500000 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
64300000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
73700000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20200000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34300000 | usd |
CY2024Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
1100000 | usd |
CY2023Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
600000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
146300000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
231200000 | usd |
CY2024Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
75300000 | usd |
CY2023Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
78400000 | usd |
CY2024Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
300000 | usd |
CY2023Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
100000 | usd |
CY2024Q1 | avtr |
Business Combination Integration Related Costs Benefit
BusinessCombinationIntegrationRelatedCostsBenefit
|
0 | usd |
CY2023Q1 | avtr |
Business Combination Integration Related Costs Benefit
BusinessCombinationIntegrationRelatedCostsBenefit
|
8700000 | usd |
CY2024Q1 | avtr |
Adjusted Ebitda
AdjustedEBITDA
|
258400000 | usd |
CY2023Q1 | avtr |
Adjusted Ebitda
AdjustedEBITDA
|
323100000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
1679800000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
1780300000 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
234900000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
262900000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
24300000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
24800000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
259200000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
287700000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
17100000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
13600000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
69200000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
79500000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
1300000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
1200000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
11200000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
10400000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1400000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1200000 | usd |
CY2024Q1 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
465000000.0 | usd |
CY2023Q4 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
503500000 | usd |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
105000000.0 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
91000000.0 | usd |
CY2024Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
166100000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
167200000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
74500000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
66400000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
810600000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
828100000 | usd |
CY2023Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
5755500000 | usd |
CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
38800000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
5716700000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5817800000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2247200000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3570600000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5878400000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2195400000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3683000000 | usd |
CY2024Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
92300000 | usd |
CY2023Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
92300000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
3662900000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
3775300000 | usd |
CY2024Q1 | avtr |
Finite Lived Intangible Assets Impaired Accumulated Impairment Loss
FiniteLivedIntangibleAssetsImpairedAccumulatedImpairmentLoss
|
106400000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5360900000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5580000000 | usd |
CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
37900000 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
43400000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
5323000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
5536600000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
299100000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
259900000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5023900000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
80600000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
155800000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20200000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5276700000 | usd |
CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
17900000 | usd |
CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
14500000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
1295500000 | usd |
CY2024Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
14900000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
262200000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
1018400000 | usd |
CY2022Q4 | avtr |
Line Of Credit Facility Current Borrowing Capacity Upsize
LineOfCreditFacilityCurrentBorrowingCapacityUpsize
|
400000000 | usd |
CY2024Q1 | avtr |
Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
LineOfCreditFacilityCovenantComplianceDrawTriggerPercentage
|
0.35 | |
CY2024Q1 | avtr |
Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
LineOfCreditFacilityCovenantComplianceDrawTriggerPercentage
|
0.35 | |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-69000000.0 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-12400000 | usd |
CY2024Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
8500000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
7100000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-97000000.0 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-100300000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
11900000 | usd |
CY2023Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
6500000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-5200000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-89700000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12700000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12700000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
116400000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y10M24D | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34300000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.251 | |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | |
CY2024Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
17000000 | usd |
CY2024Q1 | avtr |
Restricted Stock Or Unit Expense Reversal Of Expense
RestrictedStockORUnitExpenseReversalOfExpense
|
2100000 | usd |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
2300000 | usd |
CY2024Q1 | avtr |
Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
|
800000 | usd |
CY2023Q1 | avtr |
Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
|
200000 | usd |
CY2024Q1 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-300000 | usd |
CY2023Q1 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-400000 | usd |
CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1100000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
600000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5360900000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
5178200000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5580000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
5429900000 | usd |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |