2024 Q3 Form 10-Q Financial Statement

#000104786224000049 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.092B $3.220B
YoY Change 5.68% 9.38%
Cost Of Revenue $810.0M $624.0M
YoY Change -6.79% 5.05%
Gross Profit $3.282B $2.596B
YoY Change 9.29% 10.47%
Gross Profit Margin 80.21% 80.62%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $550.0M $512.0M
YoY Change 7.42% 3.43%
% of Gross Profit 16.76% 19.72%
Operating Expenses $3.230B $2.900B
YoY Change 2.57% 8.49%
Operating Profit $862.0M $320.0M
YoY Change 19.39% 12.68%
Interest Expense $306.0M $288.0M
YoY Change 18.15% 22.03%
% of Operating Profit 35.5% 90.0%
Other Income/Expense, Net $165.0M $160.0M
YoY Change -20.29% -22.71%
Pretax Income $721.0M $192.0M
YoY Change 7.61% -24.71%
Income Tax $133.0M -$10.00M
% Of Pretax Income 18.45% -5.21%
Net Earnings $588.0M $202.0M
YoY Change 11.79% -10.62%
Net Earnings / Revenue 14.37% 6.27%
Basic Earnings Per Share $1.70 $0.58
Diluted Earnings Per Share $1.69 $0.58
COMMON SHARES
Basic Shares Outstanding 346.1M shares 345.8M shares
Diluted Shares Outstanding 347.5M shares 347.1M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.00M $1.500B
YoY Change -82.75% -23.27%
Cash & Equivalents $93.00M $1.500B
Short-Term Investments
Other Short-Term Assets $139.0M $136.0M
YoY Change 16.81% 2.26%
Inventory $472.0M $451.0M
Prepaid Expenses $1.371B $438.0M
Receivables $2.567B $2.424B
Other Receivables $415.0M $485.0M
Total Short-Term Assets $6.080B $6.487B
YoY Change 2.37% 4.58%
LONG-TERM ASSETS
Property, Plant & Equipment $51.36B $50.63B
YoY Change 5.81% 5.63%
Goodwill $408.0M $408.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.136B $1.081B
YoY Change 21.76% 14.76%
Other Assets $10.07B $9.727B
YoY Change 11.94% 11.82%
Total Long-Term Assets $62.57B $61.43B
YoY Change 7.01% 6.71%
TOTAL ASSETS
Total Short-Term Assets $6.080B $6.487B
Total Long-Term Assets $62.57B $61.43B
Total Assets $68.65B $67.92B
YoY Change 6.58% 6.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.472B $1.496B
YoY Change 12.71% 13.33%
Accrued Expenses $578.0M $435.0M
YoY Change 10.94% 11.25%
Deferred Revenue
YoY Change
Short-Term Debt $2.059B $2.452B
YoY Change 9.52% 25.55%
Long-Term Debt Due $250.0M $250.0M
YoY Change -61.54% -61.48%
Total Short-Term Liabilities $6.027B $6.216B
YoY Change -0.38% 2.37%
LONG-TERM LIABILITIES
Long-Term Debt $23.44B $23.31B
YoY Change 13.5% 12.9%
Other Long-Term Liabilities $8.489B $8.444B
YoY Change -1.67% -1.95%
Total Long-Term Liabilities $23.44B $23.31B
YoY Change 13.5% 12.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.027B $6.216B
Total Long-Term Liabilities $23.44B $23.31B
Total Liabilities $29.47B $29.53B
YoY Change 10.36% 10.51%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.90B $21.56B
YoY Change
Total Liabilities & Shareholders Equity $68.65B $67.92B
YoY Change 6.58% 6.51%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $588.0M $202.0M
YoY Change 11.79% -10.62%
Depreciation, Depletion And Amortization $550.0M $512.0M
YoY Change 7.42% 3.43%
Cash From Operating Activities $392.0M $1.339B
YoY Change 2205.88% 24.91%
INVESTING ACTIVITIES
Capital Expenditures $1.137B $1.159B
YoY Change 12.91% 8.93%
Acquisitions
YoY Change
Other Investing Activities -$130.0M -$119.0M
YoY Change 39.78% 16.67%
Cash From Investing Activities -$1.267B -$1.278B
YoY Change 15.18% 9.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -530.0M 1.271B
YoY Change 62.08% -0.39%
NET CHANGE
Cash From Operating Activities 392.0M 1.339B
Cash From Investing Activities -1.267B -1.278B
Cash From Financing Activities -530.0M 1.271B
Net Change In Cash -1.405B 1.332B
YoY Change -0.35% 12.69%
FREE CASH FLOW
Cash From Operating Activities $392.0M $1.339B
Capital Expenditures $1.137B $1.159B
Free Cash Flow -$745.0M $180.0M
YoY Change -24.75% 2150.0%

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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:107%">Reclassification</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform with the current period presentation.</span></div>
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:107%">Reclassification</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform with the current period presentation.</span></div>
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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IncrementalCommonSharesAttributableToContingentlyIssuableShares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
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IncrementalCommonSharesAttributableToContingentlyIssuableShares
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CashCashEquivalentsRestrictedCashExcludingHeldForSale
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CY2023Q2 ed Cash Cash Equivalents Restricted Cash Excluding Held For Sale
CashCashEquivalentsRestrictedCashExcludingHeldForSale
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CY2024Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2023Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2024Q2 us-gaap Regulatory Assets Current
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CY2023Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
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CY2024Q2 us-gaap Regulatory Assets
RegulatoryAssets
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CY2023Q4 us-gaap Regulatory Assets
RegulatoryAssets
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CY2024Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
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CY2023Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
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CY2024Q2 us-gaap Regulatory Liability Current
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CY2023Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
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CY2024Q2 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2023Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2023 ed Other Customer Provided Capital Rate
OtherCustomerProvidedCapitalRate
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CY2023 ed Return On Regulatory Assets
ReturnOnRegulatoryAssets
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CY2024Q2 ed Regulatory Assets Not Earning Return
RegulatoryAssetsNotEarningReturn
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CY2024Q2 us-gaap Unamortized Debt Issuance Expense
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CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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CY2024Q2 us-gaap Ratio Of Indebtedness To Net Capital1
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CY2024Q2 ed Percentage Of Liens Of Companies Consolidated Asset
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CY2024Q2 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
150000000 usd
CY2024Q2 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
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CY2024Q2 us-gaap Commercial Paper
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CY2024Q2 ed Regulatory Assets Not Earning Return
RegulatoryAssetsNotEarningReturn
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CY2023Q4 ed Regulatory Assets Not Earning Return
RegulatoryAssetsNotEarningReturn
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CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
239000000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
222000000 usd
CY2024Q2 us-gaap Ratio Of Indebtedness To Net Capital1
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CY2024Q2 ed Percentage Of Liens Of Companies Consolidated Asset
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CY2024Q2 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
150000000 usd
CY2024Q2 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
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CY2024Q2 us-gaap Commercial Paper
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CY2023Q4 us-gaap Commercial Paper
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CY2023 ed Weighted Average Interest Rate Of Commercial Paper
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CY2024Q2 us-gaap Loans Payable Current
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CY2024Q2 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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CY2023Q2 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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CY2023Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
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CY2024Q2 us-gaap Guarantee Obligations Maximum Exposure
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72000000 usd
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CY2023Q4 us-gaap Commercial Paper
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CY2023 ed Weighted Average Interest Rate Of Commercial Paper
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CY2023Q4 us-gaap Loans Payable Current
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CY2024Q2 us-gaap Loans Payable Current
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CY2024Q2 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
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CY2023Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
175000000 usd
CY2024Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
72000000 usd
CY2024Q2 us-gaap Operating Lease Cost
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CY2023Q2 us-gaap Operating Lease Cost
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CY2024Q2 us-gaap Operating Lease Payments
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us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2023Q2 us-gaap Operating Lease Payments
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
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CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2024Q2 ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
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0.27
CY2023Q2 ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.17
CY2024Q2 ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
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CY2024Q2 ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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CY2024Q2 ed Effective Income Tax Rate Reconciliation Tax Credit Renewable Energy Credits Percent
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Tax Credit Renewable Energy Credits Percent
EffectiveIncomeTaxRateReconciliationTaxCreditRenewableEnergyCreditsPercent
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CY2024Q2 ed Effective Income Tax Rate Reconciliation Injuries And Damages Reserve Percent
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Injuries And Damages Reserve Percent
EffectiveIncomeTaxRateReconciliationInjuriesAndDamagesReservePercent
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CY2024Q2 ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
0.04
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
272000000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
0
ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
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ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.09
ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.05
ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
0
ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
0.01
us-gaap Operating Lease Cost
OperatingLeaseCost
37000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11000000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2024Q2 ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.27
CY2023Q2 ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.17
CY2024Q2 ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
0.04
CY2023Q2 ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
0.04
CY2024Q2 ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
-0.01
CY2024Q2 ed Effective Income Tax Rate Reconciliation Tax Credit Renewable Energy Credits Percent
EffectiveIncomeTaxRateReconciliationTaxCreditRenewableEnergyCreditsPercent
0
CY2023Q2 ed Effective Income Tax Rate Reconciliation Tax Credit Renewable Energy Credits Percent
EffectiveIncomeTaxRateReconciliationTaxCreditRenewableEnergyCreditsPercent
0.01
CY2024Q2 ed Effective Income Tax Rate Reconciliation Injuries And Damages Reserve Percent
EffectiveIncomeTaxRateReconciliationInjuriesAndDamagesReservePercent
0
CY2023Q2 ed Effective Income Tax Rate Reconciliation Injuries And Damages Reserve Percent
EffectiveIncomeTaxRateReconciliationInjuriesAndDamagesReservePercent
0.01
CY2024Q2 ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
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CY2023Q2 ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
0.04
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.01
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
174000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
272000000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04
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EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
0
ed Effective Income Tax Rate Reconciliation Cost Of Removal Percent
EffectiveIncomeTaxRateReconciliationCostOfRemovalPercent
0.01
ed Effective Income Tax Rate Reconciliation Other Plant Related Items Percent
EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
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EffectiveIncomeTaxRateReconciliationOtherPlantRelatedItemsPercent
0
ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
0.09
ed Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization Of Excess Deferred Federal Income Taxes Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortizationOfExcessDeferredFederalIncomeTaxesPercent
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ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
0
ed Effective Income Tax Rate Reconciliation Remeasurement Of Deferred Nys Income Taxes Net Of Federal Income Taxes
EffectiveIncomeTaxRateReconciliationRemeasurementOfDeferredNYSIncomeTaxesNetOfFederalIncomeTaxes
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us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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ed Effective Income Tax Rate Reconciliation Federal Deferred Unamortized Itc Recognized On Sale Of Subsidiary Percent
EffectiveIncomeTaxRateReconciliationFederalDeferredUnamortizedITCRecognizedOnSaleOfSubsidiaryPercent
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ed Effective Income Tax Rate Reconciliation Federal Deferred Unamortized Itc Recognized On Sale Of Subsidiary Percent
EffectiveIncomeTaxRateReconciliationFederalDeferredUnamortizedITCRecognizedOnSaleOfSubsidiaryPercent
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ed Effective Income Tax Rate Reconciliation Gain On Sale Of Subsidiary
EffectiveIncomeTaxRateReconciliationGainOnSaleOfSubsidiary
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ed Effective Income Tax Rate Reconciliation Gain On Sale Of Subsidiary
EffectiveIncomeTaxRateReconciliationGainOnSaleOfSubsidiary
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12000000 usd
CY2024Q2 ed Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
11000000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3300000000 usd
CY2024Q2 us-gaap Revenues
Revenues
3220000000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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ed Effective Income Tax Rate Reconciliation Federal Deferred Unamortized Itc Recognized On Sale Of Subsidiary Percent
EffectiveIncomeTaxRateReconciliationFederalDeferredUnamortizedITCRecognizedOnSaleOfSubsidiaryPercent
0
ed Effective Income Tax Rate Reconciliation Federal Deferred Unamortized Itc Recognized On Sale Of Subsidiary Percent
EffectiveIncomeTaxRateReconciliationFederalDeferredUnamortizedITCRecognizedOnSaleOfSubsidiaryPercent
-0.06
ed Effective Income Tax Rate Reconciliation Gain On Sale Of Subsidiary
EffectiveIncomeTaxRateReconciliationGainOnSaleOfSubsidiary
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ed Effective Income Tax Rate Reconciliation Gain On Sale Of Subsidiary
EffectiveIncomeTaxRateReconciliationGainOnSaleOfSubsidiary
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12000000 usd
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2024Q2 ed Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
11000000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q2 us-gaap Revenues
Revenues
3220000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 us-gaap Revenues
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenues
Revenues
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenues
Revenues
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CY2023Q4 us-gaap Unbilled Contracts Receivable
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CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q4 us-gaap Unbilled Contracts Receivable
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CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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UnbilledContractsReceivableRevenueRecognized
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ContractwithCustomerLiabilityDecreaseFromBillings
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ed Unbilled Contracts Receivable Revenue Recognized
UnbilledContractsReceivableRevenueRecognized
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ed Contractwith Customer Liability Decrease From Billings
ContractwithCustomerLiabilityDecreaseFromBillings
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ed Unbilled Contracts Receivable Decrease From Billings
UnbilledContractsReceivableDecreaseFromBillings
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ed Unbilled Contracts Receivable Decrease From Billings
UnbilledContractsReceivableDecreaseFromBillings
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2024Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
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CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023Q2 us-gaap Unbilled Contracts Receivable
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CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023Q1 ed Contract With Customer Liability Revenue Recognized Previously Outstanding
ContractWithCustomerLiabilityRevenueRecognizedPreviouslyOutstanding
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
512000000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
496000000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
320000000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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Files In Submission

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