2020 Q4 Form 10-K Financial Statement

#000071140420000042 Filed on December 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $681.6M $691.6M $679.4M
YoY Change -1.45% 6.16% 2.94%
Cost Of Revenue $257.6M $236.6M $228.7M
YoY Change 8.88% 6.87% -1.93%
Gross Profit $424.0M $455.0M $450.7M
YoY Change -6.81% 5.81% 5.6%
Gross Profit Margin 62.21% 65.79% 66.34%
Selling, General & Admin $264.2M $249.6M $249.8M
YoY Change 5.85% 0.4% -0.48%
% of Gross Profit 62.31% 54.86% 55.42%
Research & Development $25.50M $23.30M $21.50M
YoY Change 9.44% 3.1% -4.44%
% of Gross Profit 6.01% 5.12% 4.77%
Depreciation & Amortization $77.10M $70.60M $70.70M
YoY Change 9.21% 0.14% 2.46%
% of Gross Profit 18.18% 15.52% 15.69%
Operating Expenses $323.9M $308.0M $271.3M
YoY Change 5.16% 0.2% -0.8%
Operating Profit $100.1M $147.0M $142.2M
YoY Change -31.9% 19.9% 23.01%
Interest Expense -$6.500M -$18.00M $16.70M
YoY Change -63.89% -26.53% -26.75%
% of Operating Profit -6.49% -12.24% 11.74%
Other Income/Expense, Net $100.0K -$100.0K $1.500M
YoY Change -200.0% -100.69% -162.5%
Pretax Income $93.70M $128.5M $127.0M
YoY Change -27.08% 14.02% 40.49%
Income Tax $12.50M $13.30M $6.900M
% Of Pretax Income 13.34% 10.35% 5.43%
Net Earnings $81.20M $121.0M $120.1M
YoY Change -32.89% 20.28% 19.15%
Net Earnings / Revenue 11.91% 17.5% 17.68%
Basic Earnings Per Share $1.65 $2.44 $2.43
Diluted Earnings Per Share $1.64 $2.42 $2.40
COMMON SHARES
Basic Shares Outstanding 49.12M shares 49.06M shares 49.50M shares
Diluted Shares Outstanding 50.10M shares

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.9M $89.00M $112.7M
YoY Change 30.22% 14.54% -27.57%
Cash & Equivalents $115.9M $89.00M $112.7M
Short-Term Investments
Other Short-Term Assets $152.5M $132.2M $131.3M
YoY Change 15.36% -22.1% -26.24%
Inventory $570.4M $506.9M $502.1M
Prepaid Expenses
Receivables $435.4M $435.3M $404.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.274B $1.163B $1.151B
YoY Change 9.52% 6.65% -3.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.282B $1.132B $1.065B
YoY Change 13.23% 15.99% 10.13%
Goodwill $2.447B $2.429B $2.391B
YoY Change 0.76% 1.54% -1.23%
Intangibles $1.289B $1.405B $1.439B
YoY Change -8.28% -7.63% -7.71%
Long-Term Investments
YoY Change
Other Assets $104.8M $66.80M $63.50M
YoY Change 56.89% -9.85% -15.22%
Total Long-Term Assets $5.463B $5.111B $5.022B
YoY Change 6.89% 1.78% -0.91%
TOTAL ASSETS
Total Short-Term Assets $1.274B $1.163B $1.151B
Total Long-Term Assets $5.463B $5.111B $5.022B
Total Assets $6.738B $6.275B $6.173B
YoY Change 7.38% 2.65% -1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.0M $150.1M $141.5M
YoY Change 17.26% 2.53% 17.14%
Accrued Expenses $152.3M $104.7M $89.50M
YoY Change 45.46% 11.38% 1.47%
Deferred Revenue
YoY Change
Short-Term Debt $409.3M $563.7M $65.00M
YoY Change -27.39% 1419.41% 43.49%
Long-Term Debt Due $349.9M $500.0M $325.0M
YoY Change -30.02%
Total Short-Term Liabilities $1.004B $1.111B $889.4M
YoY Change -9.56% 107.01% 92.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.384B $1.263B $1.423B
YoY Change 9.61% -36.42% -36.74%
Other Long-Term Liabilities $498.6M $244.7M $213.8M
YoY Change 103.76% -2.82% -24.4%
Total Long-Term Liabilities $1.384B $1.263B $1.423B
YoY Change 9.61% -36.42% -36.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.004B $1.111B $889.4M
Total Long-Term Liabilities $1.384B $1.263B $1.423B
Total Liabilities $2.913B $2.646B $2.557B
YoY Change 10.08% -5.67% -15.61%
SHAREHOLDERS EQUITY
Retained Earnings $3.262B $3.026B $2.905B
YoY Change 7.78% 17.48% 17.6%
Common Stock $5.300M $5.300M $5.300M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $617.3M $571.2M $421.2M
YoY Change 8.07% 37.61% 1.47%
Treasury Stock Shares 4.300M shares 4.100M shares 3.600M shares
Shareholders Equity $3.825B $3.628B $3.615B
YoY Change
Total Liabilities & Shareholders Equity $6.738B $6.275B $6.173B
YoY Change 7.38% 2.65% -1.34%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $81.20M $121.0M $120.1M
YoY Change -32.89% 20.28% 19.15%
Depreciation, Depletion And Amortization $77.10M $70.60M $70.70M
YoY Change 9.21% 0.14% 2.46%
Cash From Operating Activities $218.3M $199.9M $196.7M
YoY Change 9.2% -15.51% -16.37%
INVESTING ACTIVITIES
Capital Expenditures -$107.0M -$84.80M -$75.40M
YoY Change 26.18% 95.39% 44.17%
Acquisitions
YoY Change
Other Investing Activities -$36.20M -$100.0K -$8.300M
YoY Change 36100.0% -96.77% 8200.0%
Cash From Investing Activities -$143.2M -$84.90M -$83.70M
YoY Change 68.67% 82.58% 59.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.30M -139.1M -103.6M
YoY Change -38.68% -47.17% -45.07%
NET CHANGE
Cash From Operating Activities 218.3M 199.9M 196.7M
Cash From Investing Activities -143.2M -84.90M -83.70M
Cash From Financing Activities -85.30M -139.1M -103.6M
Net Change In Cash -10.20M -24.10M 9.400M
YoY Change -57.68% -67.08% -262.07%
FREE CASH FLOW
Cash From Operating Activities $218.3M $199.9M $196.7M
Capital Expenditures -$107.0M -$84.80M -$75.40M
Free Cash Flow $325.3M $284.7M $272.1M
YoY Change 14.26% 1.68% -5.36%

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We believe that the accounting policies and estimates employed are appropriate and resulting balances are reasonable; however, actual results could differ from the original estimates, requiring adjustment to these balances in future periods. The accounting policies that reflect our more significant estimates, judgments and assumptions and which we believe are the most important to aid in fully understanding and evaluating our reported financial results are<div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;font-weight:bold;">Estimates</span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">The World Health Organization categorized the Coronavirus disease 2019 (COVID-19) as a pandemic. The COVID-19 pandemic has caused a severe global health crisis, along with economic and societal disruptions and uncertainties, which have negatively impacted business and healthcare activity globally. As a result of healthcare systems responding to the demands of managing the pandemic, governments around the world imposing measures designed to reduce the transmission of the COVID-19 virus, and individuals responding to the concerns of contracting the COVID-19 virus, many optical practitioners &amp; retailers, hospitals, medical offices and fertility clinics closed their facilities, restricted access, or delayed or canceled patient visits, exams and elective medical procedures, and many customers that have reopened are experiencing reduced patient visits. This has had, and we believe will continue to have, an adverse effect on our sales, operating results and cash flows.</span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates particularly as it relates to estimates reliant on forecasts and other assumptions reasonably available to the Company and the uncertain future impacts of the COVID-19 pandemic and related economic disruptions. The extent to which the COVID-19 pandemic and related economic disruptions impact our business and financial results will depend on future developments including, but not limited to, the continued spread, duration and severity of the COVID-19 pandemic; the occurrence, spread, duration and severity of any subsequent wave or waves of outbreaks; the actions taken by the U.S. and foreign governments to contain the COVID-19 pandemic, address its impact or respond to the reduction in global and local economic activity; the occurrence, duration and severity of a global, regional or national recession, depression or other sustained adverse market event; the impact of the developments described above on our customers and suppliers; and how quickly and to what extent normal economic and operating conditions can resume. The accounting matters assessed included, but were not limited to:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><span style="font-family:inherit;font-size:11pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">allowance for doubtful accounts and credit losses</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><span style="font-family:inherit;font-size:11pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">carrying value of inventory</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><span style="font-family:inherit;font-size:11pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">the carrying value of goodwill and other long-lived assets. </span></div></td></tr></table>There was not a material impact to the above estimates in the Company’s Consolidated Financial Statements for fiscal 2020. The Company continually monitors and evaluates the estimates used as additional information becomes available. Adjustments will be made to these provisions periodically to reflect new facts and circumstances that may indicate that historical experience may not be indicative of current and/or future results. The Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material changes to the estimates and material impacts to the Company’s Consolidated Financial Statements in future reporting periods.
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11100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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9200000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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2500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
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1500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
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1300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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237700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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164100000 USD
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45300000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
41500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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192400000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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122600000 USD
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29700000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
25000000.0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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39200000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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14300000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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7500000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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5900000 USD
CY2020Q4 coo Deferred Tax Liabilities Nondeductible Expense Acquisition Costs
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700000 USD
CY2019Q4 coo Deferred Tax Liabilities Nondeductible Expense Acquisition Costs
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700000 USD
CY2020Q4 coo Deferred Tax Liabilities Purchase Accounting Adjustments Foreign
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61000000.0 USD
CY2019Q4 coo Deferred Tax Liabilities Purchase Accounting Adjustments Foreign
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27600000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
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138100000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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73500000 USD
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54300000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
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49100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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45300000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
41500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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11800000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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8300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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14100000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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68900000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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49700000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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3400000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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7600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2200000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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58500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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58500000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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49700000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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68900000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
46000000.0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
41700000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
46600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3900000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4400000 USD
CY2020Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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7200000 USD
CY2020 us-gaap Net Income Loss
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238400000 USD
CY2019 us-gaap Net Income Loss
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466700000 USD
CY2018 us-gaap Net Income Loss
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139900000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49100000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49400000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49100000 shares
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4.85
CY2019 us-gaap Earnings Per Share Basic
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9.44
CY2018 us-gaap Earnings Per Share Basic
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2.85
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49100000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49400000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49100000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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49600000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50000000.0 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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49700000 shares
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4.81
CY2019 us-gaap Earnings Per Share Diluted
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9.33
CY2018 us-gaap Earnings Per Share Diluted
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2.81
CY2020 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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304.54
CY2019 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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254.77
CY2018 us-gaap Other Comprehensive Income Loss Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Tax
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3100000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Tax
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CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
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500000000.0 USD
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
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1000000000.0 USD
CY2019 us-gaap Treasury Stock Shares Acquired
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536972 shares
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296.9
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
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290.7
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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47800000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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156100000 USD
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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359700000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y4M24D
CY2020 us-gaap Treasury Stock Shares Acquired
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160850 shares
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
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0.03
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1500000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.03
CY2020Q3 us-gaap Payments Of Dividends Common Stock
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1500000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.03
CY2019Q1 us-gaap Payments Of Dividends Common Stock
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1500000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.03
CY2019Q3 us-gaap Payments Of Dividends Common Stock
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1500000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.03
CY2020 us-gaap Allocated Share Based Compensation Expense
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38600000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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36300000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43200000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4800000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8800000 USD
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
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16600000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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1060738 shares
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211.04
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y4M9D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
114567509 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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430926 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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167.09
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3D
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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65485571 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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20900000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
189700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
147100000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
151700000 USD
CY2020 us-gaap Defined Benefit Plan Service Cost
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13900000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
10100000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
10700000 USD
CY2020 us-gaap Defined Benefit Plan Interest Cost
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5200000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6100000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5000000.0 USD
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
10000000.0 USD
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
10200000 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
3700000 USD
CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
218800000 USD
CY2020 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
10100000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
189700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
147100000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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136000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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121000000.0 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
112800000 USD
CY2019 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
12100000 USD
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
1900000 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
23400000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
13100000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
10000000.0 USD
CY2020 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
10000000.0 USD
CY2019 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
10200000 USD
CY2018 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
3700000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
159500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
136000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
121000000.0 USD
CY2020Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2020Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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59300000 USD
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
53700000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
26100000 USD
CY2020Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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-59300000 USD
CY2019Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
-53700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
-26100000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-74200000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-57300000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
57300000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
24000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-24000000.0 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
74200000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
218800000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
189700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
147100000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
159500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
136000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
121000000.0 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
195800000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
170800000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
130500000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
159500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
136000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
121000000.0 USD
CY2019Q4 coo Accrued Prepaid Pension Costs
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-3700000 USD
CY2018Q4 coo Accrued Prepaid Pension Costs
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2200000 USD
CY2017Q4 coo Accrued Prepaid Pension Costs
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4000000.0 USD
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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12300000 USD
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7200000 USD
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8200000 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
23400000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
13100000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
10000000.0 USD
CY2020Q4 coo Accrued Prepaid Pension Costs
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-14800000 USD
CY2019Q4 coo Accrued Prepaid Pension Costs
AccruedPrepaidPensionCosts
-3700000 USD
CY2018Q4 coo Accrued Prepaid Pension Costs
AccruedPrepaidPensionCosts
2200000 USD
CY2020 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
13900000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
10100000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
10700000 USD
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5200000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6100000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5000000.0 USD
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
10800000 USD
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
9800000 USD
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
9200000 USD
CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
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