2019 Form 10-K Financial Statement

#000072325419000021 Filed on July 26, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018 Q1
Revenue $6.892B $1.670B $1.589B
YoY Change 6.42% 9.1% 26.59%
Cost Of Revenue $3.764B $917.2M $888.7M
YoY Change 5.48% 7.7% 27.8%
Gross Profit $3.129B $752.3M $700.5M
YoY Change 7.57% 10.85% 25.1%
Gross Profit Margin 45.39% 45.06% 44.08%
Selling, General & Admin $1.981B $471.8M $490.6M
YoY Change 3.33% 7.79% 36.82%
% of Gross Profit 63.31% 62.71% 70.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $360.1M $74.50M $66.00M
YoY Change 28.87% 14.79% 47.98%
% of Gross Profit 11.51% 9.9% 9.42%
Operating Expenses $1.981B $471.9M $490.6M
YoY Change 3.33% 7.81% 36.82%
Operating Profit $1.134B $280.4M $200.0M
YoY Change 19.34% 16.35% 4.18%
Interest Expense $101.7M -$24.50M $25.90M
YoY Change -7.66% -45.92% 89.11%
% of Operating Profit 8.98% -8.74% 12.95%
Other Income/Expense, Net
YoY Change
Pretax Income $1.102B $241.0M $174.5M
YoY Change 31.08% 82.58% -2.13%
Income Tax $219.8M $62.70M -$121.3M
% Of Pretax Income 19.94% 26.02% -69.5%
Net Earnings $885.0M $186.2M $302.1M
YoY Change 5.03% 121.14% 156.0%
Net Earnings / Revenue 12.84% 11.15% 19.01%
Basic Earnings Per Share $8.25 $2.79
Diluted Earnings Per Share $7.99 $1.670M $2.71
COMMON SHARES
Basic Shares Outstanding 106.1M shares 106.6M shares 106.6M shares
Diluted Shares Outstanding 109.5M shares 110.2M shares

Balance Sheet

Concept 2019 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.60M $138.7M $186.3M
YoY Change -30.35% -27.56% 26.56%
Cash & Equivalents $96.60M $138.7M $152.6M
Short-Term Investments $0.00 $33.70M
Other Short-Term Assets $887.4M $734.7M $717.6M
YoY Change 20.78% 4.3% 21.4%
Inventory $334.6M $269.1M $274.8M
Prepaid Expenses
Receivables $910.1M $818.0M $779.2M
Other Receivables $7.500M $19.60M $21.70M
Total Short-Term Assets $2.236B $2.044B $1.980B
YoY Change 13.06% 4.56% 21.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.431B $1.383B $1.368B
YoY Change 3.47% 4.48% 25.44%
Goodwill $2.847B $2.820B
YoY Change 2.32% 116.41%
Intangibles
YoY Change
Long-Term Investments $192.3M $16.40M $20.00M
YoY Change 9.51% 3.8% 23.46%
Other Assets $206.0M $216.8M $25.57M
YoY Change 578.26% 58.91%
Total Long-Term Assets $5.200B $4.915B $4.949B
YoY Change 4.42% 0.51% 87.38%
TOTAL ASSETS
Total Short-Term Assets $2.236B $2.044B $1.980B
Total Long-Term Assets $5.200B $4.915B $4.949B
Total Assets $7.437B $6.958B $6.929B
YoY Change 6.88% 1.67% 62.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $226.0M $215.1M $172.2M
YoY Change 5.07% 21.48% 34.58%
Accrued Expenses $581.7M $420.1M $412.8M
YoY Change 5.27% -2.25% 28.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $312.3M $0.00 $187.5M
YoY Change -100.0% -53.05%
Total Short-Term Liabilities $1.128B $775.9M $917.6M
YoY Change 45.34% -31.39% -2.8%
LONG-TERM LIABILITIES
Long-Term Debt $2.538B $2.535B $2.535B
YoY Change 0.09% -8.49% 240.15%
Other Long-Term Liabilities $330.5M $277.9M $205.6M
YoY Change 18.93% 62.99% 50.4%
Total Long-Term Liabilities $2.868B $3.230B $3.117B
YoY Change 1.95% -5.3% 171.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.128B $775.9M $917.6M
Total Long-Term Liabilities $2.868B $3.230B $3.117B
Total Liabilities $4.434B $4.006B $4.035B
YoY Change 12.49% -11.79% 92.77%
SHAREHOLDERS EQUITY
Retained Earnings $6.027B $5.652B
YoY Change 16.56% 11.11%
Common Stock $863.7M $219.4M
YoY Change 21.82% 9.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.701B $3.611B
YoY Change 3.56% 1.06%
Treasury Stock Shares 76.40M shares 75.88M shares
Shareholders Equity $3.003B $3.017B $2.894B
YoY Change
Total Liabilities & Shareholders Equity $7.437B $7.211B $6.929B
YoY Change 6.88% 5.37% 62.22%

Cashflow Statement

Concept 2019 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $885.0M $186.2M $302.1M
YoY Change 5.03% 121.14% 156.0%
Depreciation, Depletion And Amortization $360.1M $74.50M $66.00M
YoY Change 28.87% 14.79% 47.98%
Cash From Operating Activities $1.068B $303.3M $281.9M
YoY Change 10.76% 8.28% 54.81%
INVESTING ACTIVITIES
Capital Expenditures $276.7M -$75.70M -$63.50M
YoY Change 1.85% 38.39% 0.16%
Acquisitions $9.813M
YoY Change -49.28%
Other Investing Activities $7.807M $29.90M -$20.10M
YoY Change -672.78% -101.43% 101.0%
Cash From Investing Activities -$235.6M -$45.70M -$83.80M
YoY Change 73.65% -97.87% 14.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.016B
YoY Change 698.23%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$873.3M -271.8M -282.8M
YoY Change 1.06% -114.41% 170.62%
NET CHANGE
Cash From Operating Activities $1.068B 303.3M 281.9M
Cash From Investing Activities -$235.6M -45.70M -83.80M
Cash From Financing Activities -$873.3M -271.8M -282.8M
Net Change In Cash -$42.08M -14.20M -84.70M
YoY Change 37.77% -166.36% -2165.85%
FREE CASH FLOW
Cash From Operating Activities $1.068B $303.3M $281.9M
Capital Expenditures $276.7M -$75.70M -$63.50M
Free Cash Flow $791.1M $379.0M $345.4M
YoY Change 14.25% 13.2% 40.69%

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1
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1
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153000 USD
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P1Y11M
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3092000 USD
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0 USD
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0 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
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0 USD
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0 USD
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CY2019 us-gaap Income Loss From Continuing Operations
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673055000 USD
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798215000 USD
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1061505000 USD
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687404000 USD
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841001000 USD
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1102399000 USD
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14349000 USD
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42786000 USD
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40894000 USD
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687404000 USD
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841001000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1102399000 USD
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4.27
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2.73
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1.74
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7.24
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1.96
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2.25
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1.89
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2.13
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
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8.23
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4.17
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1.45
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1.24
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2.66
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1.68
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7.03
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1.89
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.18
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1.83
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2.06
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
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7.97
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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23422000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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58654000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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2346000 USD
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0.22
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.54
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.53
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
CY2017 us-gaap Income Loss From Subsidiaries Before Tax
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0 USD
CY2018 us-gaap Income Loss From Subsidiaries Before Tax
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0 USD
CY2019 us-gaap Income Loss From Subsidiaries Before Tax
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0 USD
CY2017 us-gaap Income Tax Expense Benefit
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230118000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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240677000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
245322000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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231503000 USD
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CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
6506000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
19210000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
24783000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
31687000 USD
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269600000 USD
CY2018 us-gaap Income Taxes Paid Net
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175300000 USD
CY2019 us-gaap Income Taxes Paid Net
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173200000 USD
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19634000 USD
CY2019Q2 us-gaap Income Taxes Receivable
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35275000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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12276000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2018 us-gaap Increase Decrease In Accounts Receivable
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66267000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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94918000 USD
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CY2018 us-gaap Increase Decrease In Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accrued Liabilities
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30910000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
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CY2018 us-gaap Increase Decrease In Deferred Income Taxes
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CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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CY2017 us-gaap Increase Decrease In Derivative Assets And Liabilities
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CY2018 us-gaap Increase Decrease In Derivative Assets And Liabilities
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0 USD
CY2019 us-gaap Increase Decrease In Derivative Assets And Liabilities
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0 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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13654000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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CY2019 us-gaap Increase Decrease In Employee Related Liabilities
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15321000 USD
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CY2018 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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26082000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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11886000 USD
CY2017 us-gaap Increase Decrease In Interest Payable Net
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17062000 USD
CY2018 us-gaap Increase Decrease In Interest Payable Net
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0 USD
CY2019 us-gaap Increase Decrease In Interest Payable Net
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0 USD
CY2017 us-gaap Increase Decrease In Inventories
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668000 USD
CY2018 us-gaap Increase Decrease In Inventories
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3323000 USD
CY2019 us-gaap Increase Decrease In Inventories
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60039000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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15526000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2819000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3217000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2017 us-gaap Interest Costs Capitalized Adjustment
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CY2018 us-gaap Interest Costs Capitalized Adjustment
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1000000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
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700000 USD
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CY2018 us-gaap Interest Expense
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CY2018 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2019Q2 us-gaap Interest Payable Current
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17042000 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
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CY2018Q2 us-gaap Inventory Valuation Reserves
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37000000 USD
CY2019Q2 us-gaap Inventory Valuation Reserves
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32700000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
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27350000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
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CY2017 us-gaap Investment Income Interest
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1342000 USD
CY2019 us-gaap Investment Income Interest
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CY2018Q2 us-gaap Investments
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CY2019Q2 us-gaap Investments
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CY2019Q2 us-gaap Long Term Debt
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2019Q2 us-gaap Long Term Debt Noncurrent
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2017 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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31445000 USD
CY2018 us-gaap Noncash Merger Related Costs
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0 USD
CY2019 us-gaap Noncash Merger Related Costs
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0 USD
CY2019 us-gaap Number Of Reporting Units
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4 segment
CY2018 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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20305000 USD
CY2019 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2017 us-gaap Operating Income Loss
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773691000 USD
CY2018 us-gaap Operating Income Loss
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CY2019 us-gaap Operating Income Loss
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CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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54000000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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18600000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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28300000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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36100000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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46200000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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40000000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
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CY2019Q2 us-gaap Other Accrued Liabilities Current
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CY2019Q2 us-gaap Other Assets Noncurrent
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CY2018Q2 us-gaap Other Assets Noncurrent
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CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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31136000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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933000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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1179000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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19276000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21845000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19372000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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21845000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19372000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
19118000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
690000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2017 us-gaap Payments For Repurchase Of Common Stock
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20724000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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1016300000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
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142433000 USD
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175589000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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220764000 USD
CY2017 us-gaap Payments Of Financing Costs
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17062000 USD
CY2018 us-gaap Payments Of Financing Costs
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0 USD
CY2019 us-gaap Payments Of Financing Costs
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0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2102371000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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19346000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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9813000 USD
CY2017 us-gaap Payments To Acquire Investments
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181065000 USD
CY2018 us-gaap Payments To Acquire Investments
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153708000 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
17841000 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
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171300000 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
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143900000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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273317000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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271699000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
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CY2019Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
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29700000 USD
CY2018Q2 us-gaap Preferred Stock Shares Authorized
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CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
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0 shares
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
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CY2019Q2 us-gaap Preferred Stock Value
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CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
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103318000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2017 us-gaap Proceeds From Divestiture Of Businesses
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CY2018 us-gaap Proceeds From Divestiture Of Businesses
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CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
3200000 USD
CY2019 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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1932229000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000000 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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31870000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
41848000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
65371000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2017 us-gaap Proceeds From Repayments Of Commercial Paper
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50500000 USD
CY2018 us-gaap Proceeds From Repayments Of Commercial Paper
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CY2019 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
112500000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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218324000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
179857000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2017 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2018 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2019 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
73342000 USD
CY2019 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
73300000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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31900000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41800000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
65400000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
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3046440000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
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3192364000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
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1382730000 USD
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54.07
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123.80
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P7Y18D
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0 USD
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0 USD
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0 USD
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StockIssuedDuringPeriodValueStockOptionsExercised
31870000 USD
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41848000 USD
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CY2016Q2 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stockholders Equity
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3002721000 USD
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3205718000 USD
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9800000 USD
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8148000 USD
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7716000 USD
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127319000 USD
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1016300000 USD
CY2019Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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5400000 USD
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36647000 USD
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48715000 USD
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1800000 USD
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2800000 USD
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10164000 USD
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3641000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5675000 USD
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10239000 USD
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2943000 USD
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1812000 USD
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26900000 USD
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37300000 USD
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109495000 shares
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104964000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
105740000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
106340000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106558000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106593000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
106593000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106835000 shares
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106475000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
105080000 shares
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105018000 shares
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106080000 shares
CY2019 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cintas formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedge transactions. Derivatives are recorded at fair value on the consolidated balance sheet, and gains and losses are recorded as adjustments to income or other comprehensive income, as appropriate. For derivative financial instruments that are designated as a hedge, unrealized gains and losses related to the effective portion are either recognized in income immediately to offset the realized gain or loss on the hedged item, or are deferred and reported as a component of other comprehensive income in stockholders' equity and subsequently recognized in net income when the hedged item affects net income.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company&#8217;s results are affected by economic, political, legislative, regulatory and legal actions. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, government fiscal policies and changes in the prices of raw materials, can have a significant effect on operations. These factors and other events could cause actual results to differ from management's estimates.</font></div></div>

Files In Submission

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0000723254-19-000021.txt Edgar Link pending
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a21-subsidiaries2019.htm Edgar Link pending
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