2019 Q4 Form 10-K Financial Statement

#000110465920025360 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $1.773B $7.070B $1.769B
YoY Change 0.24% -1.24% 1.92%
Cost Of Revenue $1.288B $5.166B $1.297B
YoY Change -0.69% -1.48% 2.17%
Gross Profit $484.7M $1.904B $471.5M
YoY Change 2.8% -0.6% 1.27%
Gross Profit Margin 27.34% 26.93% 26.66%
Selling, General & Admin $250.0M $1.080B $264.4M
YoY Change -5.45% -4.18% 1.19%
% of Gross Profit 51.58% 56.74% 56.08%
Research & Development $21.40M $92.60M $23.70M
YoY Change -9.7% -5.7% 1.28%
% of Gross Profit 4.42% 4.86% 5.03%
Depreciation & Amortization $45.60M $179.0M $45.00M
YoY Change 1.33% -1.1% 2.51%
% of Gross Profit 9.41% 9.4% 9.54%
Operating Expenses $271.4M $1.173B $288.1M
YoY Change -5.8% -4.3% 1.19%
Operating Profit $213.3M $731.1M $183.4M
YoY Change 16.3% 5.99% 1.38%
Interest Expense -$19.50M $75.80M -$2.700M
YoY Change 622.22% 29.57% -81.51%
% of Operating Profit -9.14% 10.37% -1.47%
Other Income/Expense, Net $100.0K -$1.100M -$89.90M
YoY Change -100.11% -98.95%
Pretax Income $165.3M -$355.4M $87.80M
YoY Change 88.27% 4768.49% -44.18%
Income Tax $2.200M -$56.70M -$10.40M
% Of Pretax Income 1.33% -11.85%
Net Earnings $162.5M $303.6M $97.10M
YoY Change 67.35% -35.04% -262.92%
Net Earnings / Revenue 9.17% 4.29% 5.49%
Basic Earnings Per Share $1.95 $3.61 $1.13
Diluted Earnings Per Share $1.92 $3.57 $1.11
COMMON SHARES
Basic Shares Outstanding 83.50M 84.00M
Diluted Shares Outstanding 85.00M

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $253.7M $253.7M $232.0M
YoY Change 9.35% 9.35% 3.39%
Cash & Equivalents $253.7M $253.7M $232.0M
Short-Term Investments
Other Short-Term Assets $211.7M $211.7M $224.9M
YoY Change -5.87% 6.97% 15.51%
Inventory $663.0M $663.0M $651.4M
Prepaid Expenses
Receivables $1.212B $1.212B $1.190B
Other Receivables $0.00 $0.00 $27.00M
Total Short-Term Assets $2.341B $2.341B $2.298B
YoY Change 1.85% 1.85% 2.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.211B $1.349B $1.137B
YoY Change 6.44% 18.59% 3.6%
Goodwill $930.8M $941.8M
YoY Change -1.17% -4.4%
Intangibles $126.5M $144.0M
YoY Change -12.15%
Long-Term Investments $8.800M $8.800M $6.700M
YoY Change 31.34% 31.34%
Other Assets $654.8M $580.5M $451.0M
YoY Change 45.19% 12.92% -30.58%
Total Long-Term Assets $3.148B $3.148B $2.880B
YoY Change 9.33% 9.33% -0.67%
TOTAL ASSETS
Total Short-Term Assets $2.341B $2.341B $2.298B
Total Long-Term Assets $3.148B $3.148B $2.880B
Total Assets $5.489B $5.489B $5.178B
YoY Change 6.01% 6.01% 0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.066B $1.066B $1.031B
YoY Change 3.45% 3.45% 2.31%
Accrued Expenses $394.2M $394.2M $347.7M
YoY Change 13.37% 13.37% -45.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $120.6M $0.00
YoY Change -31.67%
Long-Term Debt Due $440.2M $319.6M $194.6M
YoY Change 126.21% 1665.75% -26.68%
Total Short-Term Liabilities $2.254B $2.254B $1.994B
YoY Change 13.03% 13.03% 1.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.499B $1.499B $1.772B
YoY Change -15.37% -15.37% 34.59%
Other Long-Term Liabilities $421.4M $421.4M $334.7M
YoY Change 25.9% 25.9% -46.81%
Total Long-Term Liabilities $1.921B $1.921B $2.106B
YoY Change -8.81% -8.81% 8.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.254B $2.254B $1.994B
Total Long-Term Liabilities $1.921B $1.921B $2.106B
Total Liabilities $4.285B $4.285B $4.222B
YoY Change 1.48% 1.48% 3.22%
SHAREHOLDERS EQUITY
Retained Earnings $2.979B $2.865B
YoY Change 3.99%
Common Stock $998.1M $996.1M
YoY Change 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $39.40M
Shareholders Equity $1.204B $1.204B $955.1M
YoY Change
Total Liabilities & Shareholders Equity $5.489B $5.489B $5.178B
YoY Change 6.01% 6.01% 0.79%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $162.5M $303.6M $97.10M
YoY Change 67.35% -35.04% -262.92%
Depreciation, Depletion And Amortization $45.60M $179.0M $45.00M
YoY Change 1.33% -1.1% 2.51%
Cash From Operating Activities $279.5M $746.5M $270.2M
YoY Change 3.44% 63.03% 5.63%
INVESTING ACTIVITIES
Capital Expenditures -$96.90M $219.4M -$102.4M
YoY Change -5.37% -3.22% 12.28%
Acquisitions
YoY Change
Other Investing Activities $1.500M $6.200M -$2.700M
YoY Change -155.56% -74.27% -68.97%
Cash From Investing Activities -$95.40M -$251.0M -$105.1M
YoY Change -9.23% 7.96% 5.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $237.7M
YoY Change -39.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.9M -470.3M -150.2M
YoY Change 4.46% 126.0% -8.8%
NET CHANGE
Cash From Operating Activities 279.5M 746.5M 270.2M
Cash From Investing Activities -95.40M -251.0M -105.1M
Cash From Financing Activities -156.9M -470.3M -150.2M
Net Change In Cash 27.20M 21.70M 14.90M
YoY Change 82.55% 185.53% -269.32%
FREE CASH FLOW
Cash From Operating Activities $279.5M $746.5M $270.2M
Capital Expenditures -$96.90M $219.4M -$102.4M
Free Cash Flow $376.4M $527.1M $372.6M
YoY Change 1.02% 127.98% 7.38%

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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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71400000
CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2017 us-gaap Comprehensive Income Net Of Tax
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925500000
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281800000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
71400000
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
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129700000
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
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32400000
CY2017 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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CY2017 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2017 us-gaap Common Stock Dividends Per Share Declared
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CY2017Q4 us-gaap Stockholders Equity
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CY2017Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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CY2017Q4 us-gaap Stockholders Equity
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CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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CY2018 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2018 us-gaap Dividends Common Stock Cash
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955100000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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303600000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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333900000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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237700000
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
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665380
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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CY2019 us-gaap Stock Issued During Period Value Employee Benefit Plan
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22400000
CY2019 us-gaap Common Stock Dividends Per Share Declared
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2.26
CY2019 us-gaap Dividends Common Stock Cash
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189700000
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303600000
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CY2017 us-gaap Profit Loss
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281800000
CY2019 us-gaap Depreciation
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CY2019 us-gaap Adjustment For Amortization
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38700000
CY2018 us-gaap Adjustment For Amortization
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39500000
CY2017 us-gaap Adjustment For Amortization
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52100000
CY2019 us-gaap Provision For Doubtful Accounts
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58700000
CY2018 us-gaap Provision For Doubtful Accounts
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45600000
CY2017 us-gaap Provision For Doubtful Accounts
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37600000
CY2019 us-gaap Share Based Compensation
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34500000
CY2018 us-gaap Share Based Compensation
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CY2017 us-gaap Share Based Compensation
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30200000
CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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-93700000
CY2019 avy Noncash Income Taxes
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CY2018 avy Noncash Income Taxes
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CY2017 avy Noncash Income Taxes
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CY2019 us-gaap Other Noncash Income Expense
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-28300000
CY2018 us-gaap Other Noncash Income Expense
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CY2017 us-gaap Other Noncash Income Expense
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-53500000
CY2019 us-gaap Increase Decrease In Accounts Receivable
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42200000
CY2018 us-gaap Increase Decrease In Accounts Receivable
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CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Inventories
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18100000
CY2018 us-gaap Increase Decrease In Inventories
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70500000
CY2017 us-gaap Increase Decrease In Inventories
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14900000
CY2019 us-gaap Increase Decrease In Accounts Payable
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46400000
CY2018 us-gaap Increase Decrease In Accounts Payable
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43600000
CY2017 us-gaap Increase Decrease In Accounts Payable
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83400000
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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5400000
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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29600000
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-38400000
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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10800000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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21700000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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7600000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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29300000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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232000000.0
CY2018 us-gaap Increase Decrease In Other Operating Assets
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11600000
CY2017 us-gaap Increase Decrease In Other Operating Assets
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20900000
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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CY2018 us-gaap Increase Decrease In Other Operating Liabilities
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CY2017 us-gaap Increase Decrease In Other Operating Liabilities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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457900000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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645700000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
219400000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 avy Purchase Of Software And Other Deferred Charges
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37800000
CY2018 avy Purchase Of Software And Other Deferred Charges
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CY2017 avy Purchase Of Software And Other Deferred Charges
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CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2019 us-gaap Payments For Proceeds From Investments
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CY2018 us-gaap Payments For Proceeds From Investments
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CY2017 us-gaap Payments For Proceeds From Investments
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CY2019 avy Payments To Acquire Business Net Of Cash Acquired And Equity Method Investments
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6500000
CY2018 avy Payments To Acquire Business Net Of Cash Acquired And Equity Method Investments
PaymentsToAcquireBusinessNetOfCashAcquiredAndEquityMethodInvestments
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CY2017 avy Payments To Acquire Business Net Of Cash Acquired And Equity Method Investments
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319300000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2018 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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CY2017 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2018 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2017 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2019 us-gaap Payments Of Dividends Common Stock
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189700000
CY2018 us-gaap Payments Of Dividends Common Stock
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CY2017 us-gaap Payments Of Dividends Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2018 us-gaap Payments For Repurchase Of Common Stock
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CY2017 us-gaap Payments For Repurchase Of Common Stock
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CY2019 avy Proceeds Tax Withholding Related To Stock Based Compensation
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-17400000
CY2018 avy Proceeds Tax Withholding Related To Stock Based Compensation
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CY2017 avy Proceeds Tax Withholding Related To Stock Based Compensation
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CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019 us-gaap Fiscal Period
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<p style="color:#d14e52;font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 3pt 0pt;"><span style="font-style:italic;">Fiscal Year</span></p><p style="font-family:'Arial';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><span style="font-size:8pt;">Normally, our fiscal years consist of 52 weeks, but every fifth or sixth fiscal year consists of 53 weeks.  Our 2019, 2018, and 2017 fiscal years consisted of </span><span style="font-size:8pt;">52</span><span style="font-size:8pt;">-week periods ending December 28, 2019, December 29, 2018, and December 30, 2017, respectively.</span></p>
CY2017 avy Length Of Fiscal Period
LengthOfFiscalPeriod
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CY2018 avy Length Of Fiscal Period
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P364D
CY2019 avy Length Of Fiscal Period
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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195100000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
253700000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
232000000.0
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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224400000
CY2019 us-gaap Prior Period Reclassification Adjustment Description
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<p style="color:#d14e52;font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 3pt 0pt;"><span style="font-style:italic;">Reclassifications</span></p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain amounts in the prior year’s Consolidated Financial Statements have been reclassified to conform to the current year presentation.</p>
CY2019 us-gaap Use Of Estimates
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<p style="color:#d14e52;font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 3pt 0pt;"><span style="font-style:italic;">Use of Estimates</span></p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires management to make estimates and assumptions for the reporting period and as of the date of the financial statements. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities and the reported amounts of revenue and expense.  Actual results could differ from these estimates.</p>
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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9600000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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8000000.0
CY2019 us-gaap Goodwill Impairment Loss
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0
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0
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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0
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2017Q4 us-gaap Goodwill
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-25600000
CY2018Q4 us-gaap Goodwill
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941800000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-11000000.0
CY2019Q4 us-gaap Goodwill
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930800000
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
20800000
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425700000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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320000000.0
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105700000
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CY2017 us-gaap Amortization Of Intangible Assets
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18600000
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CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2019Q4 us-gaap Long Term Debt
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CY2018Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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265000000.0
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
250000000.0
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
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1236500000
CY2019 us-gaap Interest Costs Incurred
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CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
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CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
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CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2018 us-gaap Interest Costs Capitalized
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CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4900000
CY2019Q4 us-gaap Debt Instrument Fair Value
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CY2018Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2000000000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
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3000000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
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8000000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
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4000000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
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6000000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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22400000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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21800000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
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20200000
CY2019Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
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91600000
CY2018Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
84300000
CY2019 avy Minimum Age Of Participant For Termination Of Employment To Determine Forfeiture Of Interest On Contribution
MinimumAgeOfParticipantForTerminationOfEmploymentToDetermineForfeitureOfInterestOnContribution
P55Y
CY2019Q4 avy Number Of Other Deferred Compensation Plans With Deferred Stock Units Issued Under Equity Plans
NumberOfOtherDeferredCompensationPlansWithDeferredStockUnitsIssuedUnderEquityPlans
2
CY2018Q4 avy Deferred Stock Units Outstanding Under Deferred Compensation Plans
DeferredStockUnitsOutstandingUnderDeferredCompensationPlans
200000
CY2019Q4 avy Deferred Stock Units Outstanding Under Deferred Compensation Plans
DeferredStockUnitsOutstandingUnderDeferredCompensationPlans
200000
CY2019 avy Deferred Stock Units Outstanding Value Under Deferred Compensation Plans
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25000000
CY2018 avy Deferred Stock Units Outstanding Value Under Deferred Compensation Plans
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17000000
CY2018 avy Deferred Stock Units Outstanding Value Under Deferred Compensation Plans
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17000000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
65400000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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138100000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36100000
CY2019Q4 avy Lessee Operating And Finance Lease Assets
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174200000
CY2019Q4 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Finance Lease Liability Current
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4500000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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98900000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
24000000.0
CY2019Q4 avy Environmental Potentially Responsible Party Number Of Sites
EnvironmentalPotentiallyResponsiblePartyNumberOfSites
11
CY2019Q4 avy Lessee Operating And Finance Lease Liabilities
LesseeOperatingAndFinanceLeaseLiabilities
168800000
CY2019Q4 avy Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
5700000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
53100000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32600000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.031
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
46000000.0
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
5700000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35200000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
12500000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22400000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4500000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15200000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4100000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11100000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3900000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29800000
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
900000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
159700000
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
31600000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19400000
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3100000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
140300000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
28500000
CY2019 avy Lessee Finance Lease Lease Not Yet Commenced Number Of Finance Lease Contracts
LesseeFinanceLeaseLeaseNotYetCommencedNumberOfFinanceLeaseContracts
0
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
66000000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
64000000
CY2019 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="color:#d14e52;font-weight:bold;">NOTE 8. CONTINGENCIES</b></p><p style="font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 3pt 0pt;"><span style="color:#d14e52;font-style:italic;">Legal Proceedings</span></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 3pt 0pt;"><span style="font-family:'Arial';">We are involved in various lawsuits, claims, inquiries, and other regulatory and compliance matters, most of which are routine to the nature of our business.  When it is probable that a loss will be incurred and where a range of the loss can be reasonably estimated, the best estimate within the range is accrued. When the best estimate within the range cannot be determined, the low end of the range is accrued.  The ultimate resolution of these claims could affect future results of operations should our exposure be materially different from our estimates or should liabilities be incurred that were not previously accrued.  Potential insurance reimbursements are not offset against potential liabilities.</span></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Arial';">Because of the uncertainties associated with claims resolution and litigation, future expenses to resolve these matters could be higher than the liabilities we have accrued; however, we are unable to reasonably estimate a range of potential expenses.  If information were to become available that allowed us to reasonably estimate a range of potential expenses in an amount higher or lower than what we have accrued, we would adjust our accrued liabilities accordingly.  Additional lawsuits, claims, inquiries, and other regulatory and compliance matters could arise in the future.  The range of expenses for resolving any future matters would be assessed as they arise; until then, a range of potential expenses for such resolution cannot be determined. Based upon current information, we believe that the impact of the resolution of these matters would not be, individually or in the aggregate, material to our financial position, results of operations or cash flows.</span></p><p style="color:#d14e52;font-family:'Arial';font-size:8pt;font-weight:bold;text-align:justify;margin:0pt 0pt 3pt 0pt;"><span style="font-style:italic;">Environmental Expenditures</span></p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 3pt 0pt;">Environmental expenditures are generally expensed.  However, environmental expenditures for newly acquired assets and those that extend or improve the economic useful life of existing assets are capitalized and amortized over the shorter of the estimated useful life of the acquired asset or the remaining life of the existing asset.  We review our estimates of the costs of complying with environmental laws related to remediation and cleanup of various sites, including sites in which governmental agencies have designated us as a potentially responsible party (“PRP”).  When it is probable that a loss will be incurred and where a range of the loss can be reasonably estimated, the best estimate within the range is accrued. When the best estimate within the range cannot be determined, the low end of the range is accrued.  Potential insurance reimbursements are not offset against potential liabilities.</p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 3pt 0pt;">As of December 28, 2019, we have been designated by the U.S. Environmental Protection Agency (“EPA”) and/or other responsible state agencies as a PRP at eleven waste disposal or waste recycling sites that are the subject of separate investigations or proceedings concerning alleged soil and/or groundwater contamination.  No settlement of our liability related to any of these sites has been agreed upon.  We are participating with other PRPs at these sites and anticipate that our share of remediation costs will be determined pursuant to agreements that we negotiate with the EPA or other governmental authorities. </p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 3pt 0pt;">These estimates could change as a result of changes in planned remedial actions, remediation technologies, site conditions, the estimated time to complete remediation, environmental laws and regulations, and other factors.  Because of the uncertainties associated with environmental assessment and remediation activities, our future expenses to remediate these sites could be higher than the liabilities we have accrued; however, we are unable to reasonably estimate a range of potential expenses.  If information were to become available that allowed us to reasonably estimate a range of potential expenses in an amount higher or lower than what we have accrued, we would adjust our environmental liabilities accordingly.  In addition, we may be identified as a PRP at additional sites in the future.  The range of expenses for remediation of any future-identified sites would be addressed as they arise; until then, a range of expenses for such remediation cannot be determined.</p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt;">The activity related to our environmental liabilities in 2019 and 2018 were as follows:</p><p style="font-family:'Times New Roman';font-size:8pt;margin:0pt;"><span style="font-family:'Arial';font-size:6pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="background-color:auto;vertical-align:bottom;width:75.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="background-color:auto;vertical-align:bottom;width:75.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><b style="font-family:'Arial';font-weight:bold;">(In millions)</b></p></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">    </span></p></td><td colspan="2" style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:9.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><b style="font-family:'Arial';font-weight:bold;">2019</b></p></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><b style="font-family:'Arial';font-weight:bold;">    </b></p></td><td colspan="2" style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:9.18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><b style="font-family:'Arial';font-weight:bold;">2018</b></p></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">  </span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:75.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">Balance at beginning of year</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">$</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 20.0</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">$</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 21.1</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:75.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">Charges, net of reversals</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> </span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 7.4</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> </span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:7.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 3.9</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:75.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">Payments</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> </span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:7.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> (6.0)</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> </span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:7.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';"> (5.0)</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:75.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">Balance at end of year</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">$</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:7.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 21.4</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';">$</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:7.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:right;margin:0.05pt 3pt 0pt 0pt;"><span style="font-family:'Arial';"> 20.0</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-family:'Arial';visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Arial';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt;"><span style="font-size:8pt;margin-top:12pt;visibility:hidden;">​</span></p><p style="font-family:'Arial';font-size:8pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Approximately $10 million and $5 million, respectively, of the balance was classified as short-term and included in “Other current liabilities” in the Consolidated Balance Sheets as of December 28, 2019 and December 29, 2018</p>
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
20000000.0
CY2017Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
21100000
CY2019 avy Environmental Charges Net Of Reversals
EnvironmentalChargesNetOfReversals
7400000
CY2018 avy Environmental Charges Net Of Reversals
EnvironmentalChargesNetOfReversals
3900000
CY2019 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
6000000.0
CY2018 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
5000000.0
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
21400000
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
20000000.0
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1300000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85000000.0
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88600000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90100000
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.61
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.35
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.19
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10000000
CY2018Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
5000000
CY2018Q4 avy Assets Carrying Amount Nonrecurring
AssetsCarryingAmountNonrecurring
18100000
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
10600000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2017 avy Income Tax Reconciliation Tax Contingencies And Audit Settlements
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