2023 Q1 Form 10-K Financial Statement

#000132440423000006 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $2.012B $2.608B $11.19B
YoY Change -29.85% 2.68% 71.09%
Cost Of Revenue $1.149B $1.352B $5.325B
YoY Change -1.79% -2.38% 28.28%
Gross Profit $863.0M $1.256B $5.861B
YoY Change -49.18% 8.74% 145.54%
Gross Profit Margin 42.89% 48.16% 52.4%
Selling, General & Admin $74.00M $87.00M $290.0M
YoY Change 15.63% 55.36% 30.04%
% of Gross Profit 8.57% 6.93% 4.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $206.0M $198.0M $850.0M
YoY Change -0.96% -16.81% -4.28%
% of Gross Profit 23.87% 15.76% 14.5%
Operating Expenses $74.00M $64.00M $290.0M
YoY Change 15.63% 82.86% 30.04%
Operating Profit $826.0M $1.192B $5.397B
YoY Change -50.18% 6.43% 212.15%
Interest Expense $40.00M $54.00M $344.0M
YoY Change -83.4% -258.82% 86.96%
% of Operating Profit 4.84% 4.53% 6.37%
Other Income/Expense, Net $3.000M $9.000M -$15.00M
YoY Change 200.0% -1000.0% -193.75%
Pretax Income $819.0M $1.254B $5.095B
YoY Change -43.52% 15.58% 230.2%
Income Tax $169.0M $245.0M $1.158B
% Of Pretax Income 20.63% 19.54% 22.73%
Net Earnings $650.0M $860.0M $3.937B
YoY Change -38.15% 21.99% 212.46%
Net Earnings / Revenue 32.31% 32.98% 35.2%
Basic Earnings Per Share $2.86 $16.45
Diluted Earnings Per Share $2.85 $4.36 $16.38
COMMON SHARES
Basic Shares Outstanding 195.8M shares 196.2M shares 203.3M shares
Diluted Shares Outstanding 196.9M shares 204.2M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.825B $2.323B $2.323B
YoY Change 7.95% 42.69% 42.69%
Cash & Equivalents $2.825B $2.323B $2.323B
Short-Term Investments $294.0M $268.0M $268.0M
Other Short-Term Assets $42.00M $79.00M $294.0M
YoY Change 0.0% 41.07% 390.0%
Inventory $430.0M $474.0M $474.0M
Prepaid Expenses
Receivables $482.0M $582.0M $582.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.848B $3.673B $3.673B
YoY Change 0.58% 41.65% 41.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.294B $6.437B $6.691B
YoY Change -8.86% -9.09% -8.64%
Goodwill $2.089B $2.089B
YoY Change -0.1% -0.1%
Intangibles $15.00M
YoY Change
Long-Term Investments $81.00M $74.00M $74.00M
YoY Change -3.57% -9.76% -9.76%
Other Assets $798.0M $786.0M $786.0M
YoY Change 24.88% 175.79% 227.5%
Total Long-Term Assets $9.550B $9.640B $9.640B
YoY Change -4.08% -1.45% -1.45%
TOTAL ASSETS
Total Short-Term Assets $3.848B $3.673B $3.673B
Total Long-Term Assets $9.550B $9.640B $9.640B
Total Assets $13.40B $13.31B $13.31B
YoY Change -2.79% 7.58% 7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $452.0M $63.00M $575.0M
YoY Change -28.14% -42.73% 422.73%
Accrued Expenses $104.0M $93.00M $93.00M
YoY Change 18.18% 4.49% -82.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $862.0M $995.0M $995.0M
YoY Change -61.31% -30.52% -30.52%
LONG-TERM LIABILITIES
Long-Term Debt $2.966B $2.965B $2.965B
YoY Change 0.1% -14.43% -14.43%
Other Long-Term Liabilities $365.0M $375.0M $542.0M
YoY Change -44.53% 49.4% 31.23%
Total Long-Term Liabilities $3.331B $3.340B $3.507B
YoY Change -8.01% -10.12% -9.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $862.0M $995.0M $995.0M
Total Long-Term Liabilities $3.331B $3.340B $3.507B
Total Liabilities $4.193B $4.335B $8.262B
YoY Change -28.31% -15.79% -9.89%
SHAREHOLDERS EQUITY
Retained Earnings $4.348B $3.867B
YoY Change 49.57% 85.2%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $97.00M $0.00
YoY Change -21.14% -100.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $5.453B $5.051B $5.051B
YoY Change
Total Liabilities & Shareholders Equity $13.40B $13.31B $13.31B
YoY Change -2.79% 7.58% 7.58%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $650.0M $860.0M $3.937B
YoY Change -38.15% 21.99% 212.46%
Depreciation, Depletion And Amortization $206.0M $198.0M $850.0M
YoY Change -0.96% -16.81% -4.28%
Cash From Operating Activities $947.0M $585.0M $3.855B
YoY Change -31.92% -60.47% 34.18%
INVESTING ACTIVITIES
Capital Expenditures $69.00M $134.0M $453.0M
YoY Change 9.52% -201.52% -11.87%
Acquisitions $0.00
YoY Change
Other Investing Activities $35.00M $2.000M $13.00M
YoY Change 3400.0% -95.92% -72.92%
Cash From Investing Activities -$34.00M -$132.0M -$440.0M
YoY Change -45.16% 59.04% -5.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.347B
YoY Change 149.91%
Debt Paid & Issued, Net $507.0M
YoY Change -2.12%
Cash From Financing Activities -$410.0M -330.0M -$2.700B
YoY Change 20.94% -37.38% 84.55%
NET CHANGE
Cash From Operating Activities $947.0M 585.0M $3.855B
Cash From Investing Activities -$34.00M -132.0M -$440.0M
Cash From Financing Activities -$410.0M -330.0M -$2.700B
Net Change In Cash $502.0M 123.0M $695.0M
YoY Change -49.24% -85.86% -26.46%
FREE CASH FLOW
Cash From Operating Activities $947.0M $585.0M $3.855B
Capital Expenditures $69.00M $134.0M $453.0M
Free Cash Flow $878.0M $451.0M $3.402B
YoY Change -33.89% -72.02% 44.21%

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CY2022 us-gaap Use Of Estimates
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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (U.S. GAAP) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the periods presented. Such estimates and assumptions are used for, but are not limited to, net realizable value of inventories, environmental remediation liabilities, environmental and litigation contingencies, plant closure and asset retirement obligations, the cost of emission credits required to meet environmental regulations, the cost of customer incentives, useful lives of property and identifiable intangible assets, the evaluation of potential impairments of property, investments, identifiable intangible assets and goodwill, income tax reserves and the assessment of the realizability of deferred tax assets, measurement of the fair values of investments for which markets are not active, the determination of the funded status and annual expense of defined benefit pension and other postretirement plans and the valuation of stock-based compensation awards granted to employees.</span></div>
CY2022 cf Cash Equivalents Original Maturity Period Maximum
CashEquivalentsOriginalMaturityPeriodMaximum
P3M
CY2022 cf Property Plant And Equipment Turnaround Period
PropertyPlantAndEquipmentTurnaroundPeriod
P5Y
CY2022 us-gaap Revenues
Revenues
11186000000 usd
CY2021 us-gaap Revenues
Revenues
6538000000 usd
CY2020 us-gaap Revenues
Revenues
4124000000 usd
CY2022 cf Contractwith Customer Payment Period
ContractwithCustomerPaymentPeriod
P30D
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
229000000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
700000000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1200000000 usd
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.45
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.28
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.28
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.28
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.12
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.12
CY2022Q4 cf Revenue Remaining Performance Obligation Expected Timingof Satisfaction Percent
RevenueRemainingPerformanceObligationExpectedTimingofSatisfactionPercent
0.12
CY2022Q4 cf Revenue Performance Obligationdescriptionofreturnsandothersimilarobligationsunfulfilledminimumcontractualrightofpayment
RevenuePerformanceObligationdescriptionofreturnsandothersimilarobligationsunfulfilledminimumcontractualrightofpayment
335000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3346000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
917000000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
317000000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
203300000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215000000.0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214900000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
16.45
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.27
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
203300000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215000000.0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214900000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
204200000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216200000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215200000 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.38
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.24
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3300000 shares
CY2021Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
495000000 usd
CY2021Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
236000000 usd
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
259000000 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
26000000 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
521000000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
285000000 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
236000000 usd
CY2022Q1 cf Additional Impairment Of Intangible Assets Finite Lived During Period
AdditionalImpairmentOfIntangibleAssetsFiniteLivedDuringPeriod
0 usd
CY2022Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
162000000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
152000000 usd
CY2022Q2 cf Additional Impairment Of Intangible Assets Finite Lived During Period
AdditionalImpairmentOfIntangibleAssetsFiniteLivedDuringPeriod
0 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
87000000 usd
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
258000000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
239000000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
19000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13863000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13888000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7426000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6807000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6437000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7081000000 usd
CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
53000000 usd
CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
35000000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
838000000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
871000000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
876000000 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
87000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
2091000000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
2089000000 usd
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
259000000 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
26000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
115000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45000000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P18Y
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3000000 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
87000000 usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
15000000 usd
CY2022Q4 us-gaap Cash
Cash
153000000 usd
CY2022Q4 us-gaap Cash
Cash
153000000 usd
CY2022Q4 cf Cashand Cash Equivalents Adjusted Cost
CashandCashEquivalentsAdjustedCost
2323000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
2323000000 usd
CY2021Q4 us-gaap Cash
Cash
121000000 usd
CY2021Q4 us-gaap Cash
Cash
121000000 usd
CY2021Q4 cf Cashand Cash Equivalents Adjusted Cost
CashandCashEquivalentsAdjustedCost
1628000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1628000000 usd
CY2021 cf Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Derivative liabilities
CY2022 cf Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Derivative liabilities
CY2021 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2018Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2021Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2020Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2016Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2017Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5095000000 usd
CY2019Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2022Q4 cf Paymentsfor Strategic Venture Compliance
PaymentsforStrategicVentureCompliance
5000000 usd
CY2022 cf Losson Embedded Derivative Instrument
LossonEmbeddedDerivativeInstrument
-14000000 usd
CY2021 cf Losson Embedded Derivative Instrument
LossonEmbeddedDerivativeInstrument
1000000 usd
CY2020 cf Losson Embedded Derivative Instrument
LossonEmbeddedDerivativeInstrument
3000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4699000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1979000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
421000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
396000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-436000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
42000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1543000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
463000000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
702000000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
394000000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
106000000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
395000000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
30000000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6000000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
168000000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
55000000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-7000000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1265000000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
479000000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
105000000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-102000000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-137000000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-76000000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18000000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-50000000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4000000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
13000000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9000000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-107000000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-196000000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-74000000 usd
CY2022 cf Incometaxexpensebenefitpriorto Tax Cutsand Jobs Actof2017
IncometaxexpensebenefitpriortoTaxCutsandJobsActof2017
1158000000 usd
CY2021 cf Incometaxexpensebenefitpriorto Tax Cutsand Jobs Actof2017
IncometaxexpensebenefitpriortoTaxCutsandJobsActof2017
283000000 usd
CY2020 cf Incometaxexpensebenefitpriorto Tax Cutsand Jobs Actof2017
IncometaxexpensebenefitpriortoTaxCutsandJobsActof2017
31000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5095000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1543000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
463000000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1070000000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
324000000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
97000000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
143000000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
34000000 usd
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1000000 usd
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
124000000 usd
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
72000000 usd
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
24000000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-9000000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1000000 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1000000 usd
CY2022 cf Effective Income Tax Rate Reconciliation Us Taxon Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationUSTaxonForeignEarningsAmount
3000000 usd
CY2021 cf Effective Income Tax Rate Reconciliation Us Taxon Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationUSTaxonForeignEarningsAmount
0 usd
CY2020 cf Effective Income Tax Rate Reconciliation Us Taxon Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationUSTaxonForeignEarningsAmount
-6000000 usd
CY2022 cf Effective Income Tax Rate Reconciliation Basis Difference In Foreign Partnership Amount
EffectiveIncomeTaxRateReconciliationBasisDifferenceInForeignPartnershipAmount
0 usd
CY2021 cf Effective Income Tax Rate Reconciliation Basis Difference In Foreign Partnership Amount
EffectiveIncomeTaxRateReconciliationBasisDifferenceInForeignPartnershipAmount
0 usd
CY2020 cf Effective Income Tax Rate Reconciliation Basis Difference In Foreign Partnership Amount
EffectiveIncomeTaxRateReconciliationBasisDifferenceInForeignPartnershipAmount
-7000000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
60000000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 usd
CY2022 cf Effective Income Tax Rate Reconciliation Transfer Pricing Arbitration Amount
EffectiveIncomeTaxRateReconciliationTransferPricingArbitrationAmount
69000000 usd
CY2021 cf Effective Income Tax Rate Reconciliation Transfer Pricing Arbitration Amount
EffectiveIncomeTaxRateReconciliationTransferPricingArbitrationAmount
0 usd
CY2020 cf Effective Income Tax Rate Reconciliation Transfer Pricing Arbitration Amount
EffectiveIncomeTaxRateReconciliationTransferPricingArbitrationAmount
0 usd
CY2022 us-gaap Income Tax Reconciliation Tax Settlements Domestic
IncomeTaxReconciliationTaxSettlementsDomestic
0 usd
CY2021 us-gaap Income Tax Reconciliation Tax Settlements Domestic
IncomeTaxReconciliationTaxSettlementsDomestic
-38000000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Settlements Domestic
IncomeTaxReconciliationTaxSettlementsDomestic
0 usd
CY2022 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0 usd
CY2021 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0 usd
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
9000000 usd
CY2020Q4 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
-110000000 usd
CY2020 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6000000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-24000000 usd
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1158000000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
283000000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.067
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
591000000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
343000000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
115000000 usd
CY2022 cf Effective Income Tax Rate Reconciliation Transfer Pricing Arbitration Amount
EffectiveIncomeTaxRateReconciliationTransferPricingArbitrationAmount
69000000 usd
CY2020 cf Income Tax Examination Interest Income
IncomeTaxExaminationInterestIncome
26000000 usd
CY2020 cf Income Tax Examination Interest Income
IncomeTaxExaminationInterestIncome
26000000 usd
CY2020 cf Income Tax Examination Interest Income Net Of Tax
IncomeTaxExaminationInterestIncomeNetOfTax
23000000 usd
CY2020Q4 cf Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority Income Tax Matter
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthorityIncomeTaxMatter
-68000000 usd
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KPMG LLP
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Chicago, IL
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AuditorFirmId
185

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