2024 Q1 Form 10-K Financial Statement

#000007889024000054 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.236B $1.246B $4.875B
YoY Change 4.28% 4.59% 7.48%
Cost Of Revenue $927.2M $922.0M $3.707B
YoY Change 0.75% 5.49% 7.08%
Gross Profit $308.9M $323.6M $1.168B
YoY Change 16.52% 2.11% 8.75%
Gross Profit Margin 24.99% 25.98% 23.95%
Selling, General & Admin $200.3M $169.9M $683.9M
YoY Change 13.48% 3.47% 0.37%
% of Gross Profit 64.84% 52.5% 58.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.40M $69.50M $275.8M
YoY Change 7.1% 5.46% 12.21%
% of Gross Profit 23.44% 21.48% 23.62%
Operating Expenses $198.8M $168.0M $679.0M
YoY Change 12.63% 3.51% 0.28%
Operating Profit $120.9M $155.6M $425.2M
YoY Change 51.5% 0.65% 17.69%
Interest Expense $55.80M -$100.9M $203.8M
YoY Change 19.74% 104.25% 46.83%
% of Operating Profit 46.15% -64.85% 47.93%
Other Income/Expense, Net $13.30M -$400.0K $14.40M
YoY Change 182.98% -95.06% 289.19%
Pretax Income $78.40M $52.50M $1.800M
YoY Change 106.86% -44.39% -104.06%
Income Tax $26.20M $58.20M $139.2M
% Of Pretax Income 33.42% 110.86% 7733.33%
Net Earnings $49.30M -$5.000M $87.70M
YoY Change 228.67% -111.11% -48.59%
Net Earnings / Revenue 3.99% -0.4% 1.8%
Basic Earnings Per Share $1.10 $1.90
Diluted Earnings Per Share $1.09 -$0.11 $1.87
COMMON SHARES
Basic Shares Outstanding 44.41M shares 45.05M shares 46.20M shares
Diluted Shares Outstanding 45.30M shares 46.90M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.123B $1.177B $1.177B
YoY Change 37.48% 21.05% 21.05%
Cash & Equivalents $1.123B $1.177B $1.177B
Short-Term Investments
Other Short-Term Assets $925.4M $832.7M $815.4M
YoY Change 22.63% 9.11% 10.65%
Inventory
Prepaid Expenses $367.5M $325.7M
Receivables $857.0M $779.0M $779.0M
Other Receivables $0.00 $0.00 $17.30M
Total Short-Term Assets $2.905B $2.788B $2.788B
YoY Change 18.67% 7.35% 7.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.003B $1.013B $1.351B
YoY Change 5.22% 8.34% 8.1%
Goodwill $1.458B $1.474B
YoY Change -0.1% 1.58%
Intangibles
YoY Change
Long-Term Investments $16.90M
YoY Change -57.0%
Other Assets $283.0M $268.6M $458.3M
YoY Change -3.77% -6.15% 0.84%
Total Long-Term Assets $3.774B $3.814B $3.814B
YoY Change -0.81% 1.19% 1.19%
TOTAL ASSETS
Total Short-Term Assets $2.905B $2.788B $2.788B
Total Long-Term Assets $3.774B $3.814B $3.814B
Total Assets $6.679B $6.602B $6.602B
YoY Change 6.82% 3.7% 3.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $265.1M $249.7M $249.7M
YoY Change 6.59% -15.78% -15.78%
Accrued Expenses $1.105B $1.127B $703.8M
YoY Change 12.12% 10.55% 2.42%
Deferred Revenue
YoY Change
Short-Term Debt $155.0M $151.7M $151.7M
YoY Change 64.72% 221.4% 221.4%
Long-Term Debt Due $125.6M $117.1M $117.1M
YoY Change 45.03% 42.11% 42.11%
Total Short-Term Liabilities $1.992B $1.944B $1.944B
YoY Change 24.27% 16.08% 16.08%
LONG-TERM LIABILITIES
Long-Term Debt $3.309B $3.263B $3.263B
YoY Change 3.73% -0.33% -0.33%
Other Long-Term Liabilities $236.8M $244.6M $818.5M
YoY Change 1.46% 8.9% 4.94%
Total Long-Term Liabilities $3.546B $3.507B $4.081B
YoY Change 3.58% 0.27% 0.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.992B $1.944B $1.944B
Total Long-Term Liabilities $3.546B $3.507B $4.081B
Total Liabilities $6.159B $6.082B $6.204B
YoY Change 9.05% 4.93% 4.82%
SHAREHOLDERS EQUITY
Retained Earnings $354.0M $333.0M
YoY Change -13.81% -20.18%
Common Stock $711.4M $720.4M
YoY Change -2.92% -1.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $396.4M $397.4M $397.4M
YoY Change
Total Liabilities & Shareholders Equity $6.679B $6.602B $6.602B
YoY Change 6.82% 3.7% 3.7%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $49.30M -$5.000M $87.70M
YoY Change 228.67% -111.11% -48.59%
Depreciation, Depletion And Amortization $72.40M $69.50M $275.8M
YoY Change 7.1% 5.46% 12.21%
Cash From Operating Activities $63.90M $409.4M $702.4M
YoY Change -241.69% 46.53% 46.36%
INVESTING ACTIVITIES
Capital Expenditures $52.20M $69.60M $202.7M
YoY Change 15.49% 36.2% 11.01%
Acquisitions -$700.0K $1.500M
YoY Change -99.14%
Other Investing Activities $100.0K $37.70M $600.0K
YoY Change -75.0% -122.44% 200.0%
Cash From Investing Activities -$45.80M -$31.90M -$179.8M
YoY Change -20.49% -85.44% -45.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $169.9M
YoY Change 225.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.300M 300.0K -$207.1M
YoY Change -98.66% -100.64% -184.46%
NET CHANGE
Cash From Operating Activities 63.90M 409.4M 702.4M
Cash From Investing Activities -$45.80M -31.90M -$179.8M
Cash From Financing Activities -$1.300M 300.0K -$207.1M
Net Change In Cash -$3.000M 377.8M $273.1M
YoY Change -98.44% 2677.94% -15.66%
FREE CASH FLOW
Cash From Operating Activities $63.90M $409.4M $702.4M
Capital Expenditures $52.20M $69.60M $202.7M
Free Cash Flow $11.70M $339.8M $499.7M
YoY Change -112.96% 48.84% 68.08%

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CY2021 us-gaap Operating Income Loss
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InterestExpense
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InterestExpense
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InterestAndOtherNonoperatingIncomeExpense
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CY2022 bco Interest And Other Nonoperating Income Expense
InterestAndOtherNonoperatingIncomeExpense
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235800000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
226200000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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OtherComprehensiveIncomeDeferredProfitSharingBeforeTax
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CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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58200000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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37600000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2023 us-gaap Other Comprehensive Income Loss Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Tax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Foreign Currency Transaction Loss Before Tax
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CY2021 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2022 us-gaap Profit Loss
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100000 usd
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100000 usd
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CY2023 us-gaap Profit Loss
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Dividends Common Stock Cash
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023 bco Share Repurchase Program Excise Tax
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2023 us-gaap Share Based Compensation
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CY2023 us-gaap Other Asset Impairment Charges
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CY2023 us-gaap Increase Decrease In Receivables
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CY2023 bco Accounts Payable Income Taxes Payable And Accrued Liabilities
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CY2022 bco Accounts Payable Income Taxes Payable And Accrued Liabilities
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CY2021 bco Accounts Payable Income Taxes Payable And Accrued Liabilities
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CY2023 bco Increase Decrease In Customer Obligations
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CY2021 bco Increase Decrease In Customer Obligations
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2021 bco Settlement Of Acquisition Related Contingencies
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CY2023 us-gaap Concentration Risk Credit Risk
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risks</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We routinely assess the financial strength of significant customers and this assessment, combined with the large number and geographic diversity of our customers, limits our concentration of risk with respect to accounts receivable.  Financial instruments which potentially subject us to concentrations of credit risks are principally cash and cash equivalents and accounts receivables.  Cash and cash equivalents are held by major financial institutions.</span></div>
CY2023 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In accordance with U.S. generally accepted accounting principles (“GAAP”), we have made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements.  Actual results could differ materially from those estimates.  The most significant estimates are related to goodwill, intangibles and other long-lived assets, pension and other retirement benefit assets and obligations, legal contingencies, allowance for doubtful accounts, deferred tax assets and purchase price allocations.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In the first quarter of 2022, we further refined our global methodology of estimating the allowance for doubtful accounts. Our previous method to estimate currently expected credit losses in receivables (the allowance) was weighted significantly to a review of historical loss rates and specific identification of higher risk customer accounts. It also considered current and expected economic conditions, particularly the effects of the COVID-19 pandemic, in determining an appropriate allowance. As many of our regions began to recover from the pandemic, we re-assessed those earlier assumptions and estimates. Our updated method now also includes an estimated allowance for accounts receivable significantly past due in order to adjust for at-risk receivables not captured in our previous method. As part of the analysis under the updated estimation methodology, we noted an increase in accounts receivable significantly past due, particularly in the U.S., and we recorded an additional allowance of $16.7 million in the first quarter of 2022. In the subsequent three quarters of 2022, the additional allowance was reduced by $1.1 million as a result of collections. Due to the fact that management has excluded this amount when evaluating internal performance, we have excluded it from segment results.</span></div>
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CY2023 bco Defined Benefit Plan Actively Managed Mutual Fund Average Weighted Maturity Period
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Other Comprehensive Income Loss Tax
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CY2021 us-gaap Other Comprehensive Income Loss Tax
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CY2022 us-gaap Income Tax Effects Allocated Directly To Equity Equity Transactions
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CY2021 us-gaap Income Tax Effects Allocated Directly To Equity Equity Transactions
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CY2023 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2022 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2021 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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176300000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
149200000 usd
CY2023Q4 bco Totalleaseliabilities
Totalleaseliabilities
579100000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
337700000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
314500000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
283700000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
217900000 usd
CY2023Q4 bco Totalleaseassets
Totalleaseassets
621400000 usd
CY2022Q4 bco Totalleaseassets
Totalleaseassets
532400000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
79500000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
74700000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
57500000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
43000000.0 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
249900000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
176300000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
149200000 usd
CY2023Q4 bco Totalleaseliabilities
Totalleaseliabilities
579100000 usd
CY2022Q4 bco Totalleaseliabilities
Totalleaseliabilities
516800000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
153400000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
133600000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
149400000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
25500000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
28900000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21200000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
44500000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
37900000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
38300000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000000.0 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10100000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9500000 usd
CY2023 us-gaap Lease Cost
LeaseCost
237400000 usd
CY2022 us-gaap Lease Cost
LeaseCost
210500000 usd
CY2021 us-gaap Lease Cost
LeaseCost
218400000 usd
CY2022Q4 bco Totalleaseliabilities
Totalleaseliabilities
516800000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
153400000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
133600000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
149400000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
25500000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
28900000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21200000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
44500000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
37900000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
38300000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000000.0 usd
CY2023 us-gaap Lease Cost
LeaseCost
237400000 usd
CY2022 us-gaap Lease Cost
LeaseCost
210500000 usd
CY2021 us-gaap Lease Cost
LeaseCost
218400000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
107900000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
106100000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
96500000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000000.0 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10100000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9500000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
55500000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
48200000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
104300000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
101000000.0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
54000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
92000000.0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
85900000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
107900000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
106100000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000000.0 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10100000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9500000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
55500000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
48200000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
104300000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
101000000.0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
54000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
92000000.0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
65700000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
85900000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.055
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
100400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
78200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
48100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
32800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
107900000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.055
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
100400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
78200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
63000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
48100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
32800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
107900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
430400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
85100000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
345300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
69700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
59900000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
47500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
33500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
21700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
38700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
271000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
37200000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
233800000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2300000 shares
CY2023 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
2800000 usd
CY2022 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
1300000 usd
CY2021 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
1000000.0 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49900000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
430400000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
345300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
69700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
59900000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
47500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
33500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
21700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
38700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
271000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
37200000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
233800000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2300000 shares
CY2023 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
2800000 usd
CY2022 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
1300000 usd
CY2021 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
1000000.0 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49900000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34100000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7900000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11500000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8100000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
27000000.0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
38400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
26000000.0 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
28900000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
35000000.0 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
26700000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
7000000.0 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
8100000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
6100000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7900000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11500000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8100000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
27000000.0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
38400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
26000000.0 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
28900000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
35000000.0 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
26700000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
7000000.0 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
8100000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
6100000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44500000 shares
CY2023Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.22
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46200000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47300000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49500000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46900000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47800000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44500000 shares
CY2023Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.22
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46200000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47300000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49500000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46900000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47800000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50100000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2023 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
300000 shares
CY2022 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
300000 shares
CY2021 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
300000 shares
CY2023 us-gaap Interest Paid Net
InterestPaidNet
195800000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
117500000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
107700000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
96300000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
127800000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
83800000 usd
CY2023 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
92000000 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
65700000 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
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