2021 Q4 Form 10-Q Financial Statement

#000002882321000139 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $1.060B $958.2M $995.2M
YoY Change -4.19% -3.72% -7.75%
Cost Of Revenue $797.7M $698.1M $711.1M
YoY Change -1.87% -1.83% -11.93%
Gross Profit $261.9M $260.1M $284.1M
YoY Change -5.28% -8.45% 4.68%
Gross Profit Margin 24.72% 27.14% 28.55%
Selling, General & Admin $170.5M $195.5M $226.0M
YoY Change -15.8% -13.5% 2.77%
% of Gross Profit 65.1% 75.16% 79.55%
Research & Development $31.00M $25.60M $30.20M
YoY Change -15.3% -15.23% -17.93%
% of Gross Profit 11.84% 9.84% 10.63%
Depreciation & Amortization $34.60M $36.20M $31.80M
YoY Change -17.81% 13.84% -42.7%
% of Gross Profit 13.21% 13.92% 11.19%
Operating Expenses $201.5M $221.4M $260.3M
YoY Change -15.73% -14.94% 4.88%
Operating Profit $60.40M $38.70M $23.80M
YoY Change 61.5% 62.61% 2.59%
Interest Expense -$47.40M $51.30M $144.3M
YoY Change -14.75% -64.45% 174.86%
% of Operating Profit -78.48% 132.56% 606.3%
Other Income/Expense, Net -$3.200M -$41.30M -$146.2M
YoY Change -218.52% -71.75% 173.78%
Pretax Income -$1.300M -$2.600M -$122.4M
YoY Change -97.25% -97.88% 305.3%
Income Tax $38.80M -$1.100M -$21.50M
% Of Pretax Income
Net Earnings -$38.30M -$2.100M -$101.4M
YoY Change -25.2% -97.93% 184.03%
Net Earnings / Revenue -3.61% -0.22% -10.19%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$487.3K -$26.82K -$1.305M
COMMON SHARES
Basic Shares Outstanding 78.36M shares 78.35M shares 77.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.2M $229.6M $280.5M
YoY Change 17.0% -18.15% 9.19%
Cash & Equivalents $388.9M $215.9M $277.3M
Short-Term Investments $34.30M $13.70M $6.800M
Other Short-Term Assets $203.1M $285.5M $242.8M
YoY Change -10.53% 17.59% -35.44%
Inventory $544.2M $624.8M $542.6M
Prepaid Expenses $48.20M $52.20M $35.50M
Receivables $595.2M $671.4M $668.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.887B $1.921B $1.841B
YoY Change 1.62% 4.35% -1.57%
LONG-TERM ASSETS
Property, Plant & Equipment $138.1M $145.4M $198.3M
YoY Change -22.2% -26.68% -22.08%
Goodwill $743.6M $760.6M $773.7M
YoY Change -7.1% -1.69% 0.04%
Intangibles $347.5M $371.2M $449.5M
YoY Change -22.54% -17.42% -13.87%
Long-Term Investments $11.00M $10.40M $9.200M
YoY Change 6.8% 13.04% -33.81%
Other Assets $329.8M $318.1M $269.4M
YoY Change 169.22% 18.08% 208.59%
Total Long-Term Assets $1.620B $1.666B $1.787B
YoY Change -10.01% -6.77% -11.49%
TOTAL ASSETS
Total Short-Term Assets $1.887B $1.921B $1.841B
Total Long-Term Assets $1.620B $1.666B $1.787B
Total Assets $3.507B $3.587B $3.628B
YoY Change -4.11% -1.13% -6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $706.3M $572.7M $504.4M
YoY Change 41.29% 13.54% 4.0%
Accrued Expenses $241.0M $221.0M $250.4M
YoY Change -14.63% -11.74% 0.04%
Deferred Revenue $322.4M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $47.10M $49.10M $20.00M
YoY Change 273.81% 145.5% -62.34%
Total Short-Term Liabilities $1.749B $1.560B $1.450B
YoY Change 6.06% 7.58% -6.24%
LONG-TERM LIABILITIES
Long-Term Debt $2.246B $2.447B $2.431B
YoY Change -3.98% 0.66% 15.75%
Other Long-Term Liabilities $139.5M $147.2M $197.1M
YoY Change 134.45% -25.32% 104.25%
Total Long-Term Liabilities $139.5M $147.2M $197.1M
YoY Change 134.45% -25.32% 104.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.749B $1.560B $1.450B
Total Long-Term Liabilities $139.5M $147.2M $197.1M
Total Liabilities $1.889B $1.707B $1.647B
YoY Change 10.53% 3.64% 0.25%
SHAREHOLDERS EQUITY
Retained Earnings -$822.4M -$782.8M -$690.2M
YoY Change 10.79% 13.42% 78.35%
Common Stock $937.9M $936.6M $900.2M
YoY Change 3.66% 4.04% 1.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $582.1M $582.1M $576.6M
YoY Change 0.94% 0.95% 0.84%
Treasury Stock Shares 16.25M shares 16.25M shares 15.85M shares
Shareholders Equity -$845.1M -$872.3M -$806.6M
YoY Change
Total Liabilities & Shareholders Equity $3.507B $3.587B $3.628B
YoY Change -4.11% -1.13% -6.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$38.30M -$2.100M -$101.4M
YoY Change -25.2% -97.93% 184.03%
Depreciation, Depletion And Amortization $34.60M $36.20M $31.80M
YoY Change -17.81% 13.84% -42.7%
Cash From Operating Activities $412.4M -$143.3M -$40.60M
YoY Change 80.48% 252.96% -201.0%
INVESTING ACTIVITIES
Capital Expenditures -$9.100M -$4.900M -$3.400M
YoY Change -40.52% 44.12% -65.66%
Acquisitions
YoY Change
Other Investing Activities -$35.50M -$16.80M $17.10M
YoY Change 33.46% -198.25% -20.83%
Cash From Investing Activities -$44.60M -$21.70M $13.70M
YoY Change 6.44% -258.39% 17.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -193.4M 160.3M -145.3M
YoY Change 34.4% -210.32% 179.42%
NET CHANGE
Cash From Operating Activities 412.4M -143.3M -40.60M
Cash From Investing Activities -44.60M -21.70M 13.70M
Cash From Financing Activities -193.4M 160.3M -145.3M
Net Change In Cash 174.4M -4.700M -172.2M
YoY Change 308.43% -97.27% 172100.0%
FREE CASH FLOW
Cash From Operating Activities $412.4M -$143.3M -$40.60M
Capital Expenditures -$9.100M -$4.900M -$3.400M
Free Cash Flow $421.5M -$138.4M -$37.20M
YoY Change 72.89% 272.04% -174.25%

Facts In Submission

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2021-09-30
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2021-09-30
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2021-09-30
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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dei Document Period End Date
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us-gaap Adjustment For Amortization
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CY2020Q3 us-gaap Adjustment For Amortization
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2021-09-30
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CY2019Q4 us-gaap Product Warranty Accrual
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36900000 USD
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16100000 USD
us-gaap Product Warranty Accrual Warranties Issued
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12500000 USD
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17500000 USD
us-gaap Product Warranty Accrual Payments
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14800000 USD
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us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2021Q3 us-gaap Product Warranty Accrual
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34800000 USD
CY2020Q3 us-gaap Product Warranty Accrual
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33200000 USD
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CY2020Q3 us-gaap Restructuring Charges
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13800000 USD
us-gaap Restructuring Charges
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23100000 USD
us-gaap Restructuring Charges
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CY2021Q3 us-gaap Restructuring Charges
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CY2020Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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23100000 USD
us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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2021-09-30
CY2020Q3 us-gaap Restructuring Charges
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13800000 USD
us-gaap Restructuring Charges
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2021-09-30
dei Document Period End Date
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2021-09-30
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us-gaap Severance Costs1
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42800000 USD
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us-gaap Restructuring Reserve Translation And Other Adjustment
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38800000 USD
CY2020Q3 us-gaap Restructuring Reserve
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2021-09-30
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CY2020Q4 us-gaap Notes Payable Current
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3300000 USD
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2390500000 USD
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41000000.0 USD
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54800000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
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2447100000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2020Q3 us-gaap Repayments Of Lines Of Credit
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193800000 USD
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2021-09-30
dei Document Period End Date
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2021-09-30
dei Document Period End Date
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2021-09-30
dei Document Period End Date
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2021-09-30
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us-gaap Proceeds From Lines Of Credit
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653100000 USD
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280100000 USD
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461000000.0 USD
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9900000 USD
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13600000 USD
us-gaap Repayments Of Other Debt
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dei Document Period End Date
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2021-09-30
dei Document Period End Date
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2021-09-30
dei Document Period End Date
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2021-09-30
dei Document Period End Date
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2021-09-30
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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20900000 USD
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0 USD
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19200000 USD
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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0 USD
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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20100000 USD
dbd Capital Contributions From Noncontrolling Interests
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12700000 USD
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3500000 USD
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5200000 USD
CY2021Q1 dbd Reclassification From Noncontrolling Interests To Redeemable Noncontrolling Interests
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31900000 USD
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4500000 USD
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200000 USD
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4600000 USD
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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0 USD
CY2021Q3 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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0 USD
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q1 us-gaap Profit Loss
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2021-09-30
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4000000.0 USD
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4600000 USD
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4800000 USD
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CY2020Q2 us-gaap Profit Loss
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3600000 USD
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3500000 USD
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CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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100000 USD
dei Document Period End Date
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2021-09-30
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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1400000 USD
CY2021Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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dei Document Period End Date
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2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
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2021-09-30
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
23600000 USD
us-gaap Defined Benefit Plan Contributions By Employer
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22000000.0 USD
dbd Benefit Plan Plan Assets Reimbursementfrom Cta
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16400000 USD
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
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CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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dei Document Period End Date
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2021-09-30
CY2020Q3 dbd Notional Amount Of Derivatives Early Terminated
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625000000.0 USD
CY2020Q2 dbd Payment For Termination Of Interest Rate Derivative Instruments
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dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dbd Fair Value Transfers Between Levels Amount
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0 USD
dbd Fair Value Transfers Between Levels Amount
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0 USD
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
CY2020Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
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200000 USD
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
CY2017Q1 dbd Shares Repurchased Of Redeemable Noncontrolling Interest
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6900000 shares
CY2019Q2 dbd Shares Repurchased Of Redeemable Noncontrolling Interest
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1400000 shares
dei Document Period End Date
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2021-09-30
CY2021Q3 us-gaap Guarantee Obligations Maximum Exposure
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180000000.0 USD
CY2020Q4 us-gaap Guarantee Obligations Maximum Exposure
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177300000 USD
dbd Revenue From Contract With Customer Percentage
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1
dbd Revenue From Contract With Customer Percentage
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1
CY2020Q4 us-gaap Receivables Net Current
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646900000 USD
CY2020Q4 us-gaap Deferred Revenue Current
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346800000 USD
CY2021Q3 us-gaap Receivables Net Current
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671400000 USD
CY2021Q3 us-gaap Deferred Revenue Current
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246400000 USD
dbd Impairment Losses Recognized As Bad Debt Expense
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9.3 USD
dbd Impairment Losses Recognized As Bad Debt Expense
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6.8 USD
dei Document Period End Date
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2021-09-30
CY2020Q4 us-gaap Deferred Revenue Current
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346800000 USD
dei Document Period End Date
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2021-09-30
us-gaap Deferred Revenue Revenue Recognized1
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264.7 USD
dei Document Period End Date
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2021-09-30
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
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dei Document Period End Date
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2021-09-30
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
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300000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
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200000 USD
CY2021Q3 us-gaap Sales Type Lease Unguaranteed Residual Asset
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200000 USD
CY2021Q3 dbd Capital Leases Net Investment In Sales Type Leases Minimum Payments To Be Received And Unguaranteed Residual Values
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44200000 USD
CY2020Q4 dbd Capital Leases Net Investment In Sales Type Leases Minimum Payments To Be Received And Unguaranteed Residual Values
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44000000.0 USD
CY2021Q3 dbd Capital Leases Net Investment In Sales Type Leases Unearned Interest Income
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1400000 USD
CY2020Q4 dbd Capital Leases Net Investment In Sales Type Leases Unearned Interest Income
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1500000 USD
CY2021Q3 dbd Capital Leases Net Investment In Sales Type Leases Receivable Net
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42800000 USD
CY2020Q4 dbd Capital Leases Net Investment In Sales Type Leases Receivable Net
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42500000 USD
dei Document Period End Date
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2021-09-30
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
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5800000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
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14100000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
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6500000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
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6000000.0 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
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5500000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
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6400000 USD
dei Document Period End Date
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2021-09-30
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
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44300000 USD
CY2021Q3 us-gaap Revenues
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CY2020Q3 us-gaap Revenues
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us-gaap Revenues
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2845600000 USD
us-gaap Revenues
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2796400000 USD
CY2021Q3 us-gaap Operating Income Loss
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38700000 USD
CY2020Q3 us-gaap Operating Income Loss
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23800000 USD
us-gaap Operating Income Loss
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87800000 USD
us-gaap Operating Income Loss
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18300000 USD
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CY2020Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-49400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-222300000 USD
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
19500000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
59300000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
63200000 USD
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
21000000.0 USD
us-gaap Loss On Contracts
LossOnContracts
25500000 USD
CY2021Q3 us-gaap Revenues
Revenues
958200000 USD
CY2020Q3 us-gaap Revenues
Revenues
995200000 USD
us-gaap Revenues
Revenues
2845600000 USD
us-gaap Revenues
Revenues
2796400000 USD
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30

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