2020 Q1 Form 10-Q Financial Statement
#000173910420000008 Filed on May 07, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $658.0M | $731.1M |
YoY Change | -10.0% | -0.69% |
Cost Of Revenue | $333.0M | $343.8M |
YoY Change | -3.14% | -4.5% |
Gross Profit | $325.0M | $387.3M |
YoY Change | -16.09% | 2.95% |
Gross Profit Margin | 49.39% | 52.97% |
Selling, General & Admin | $182.0M | $181.1M |
YoY Change | 0.5% | 0.61% |
% of Gross Profit | 56.0% | 46.76% |
Research & Development | $67.00M | $64.10M |
YoY Change | 4.52% | -1.69% |
% of Gross Profit | 20.62% | 16.55% |
Depreciation & Amortization | $82.00M | $75.20M |
YoY Change | 9.04% | 1.21% |
% of Gross Profit | 25.23% | 19.42% |
Operating Expenses | $249.0M | $245.2M |
YoY Change | 1.55% | 0.0% |
Operating Profit | $76.00M | $142.1M |
YoY Change | -46.52% | 8.47% |
Interest Expense | $16.00M | $20.80M |
YoY Change | -23.08% | |
% of Operating Profit | 21.05% | 14.64% |
Other Income/Expense, Net | -$1.000M | -$2.600M |
YoY Change | -61.54% | 36.84% |
Pretax Income | -$68.00M | $44.80M |
YoY Change | -251.79% | -42.19% |
Income Tax | -$19.00M | $13.30M |
% Of Pretax Income | 29.69% | |
Net Earnings | -$49.00M | $31.50M |
YoY Change | -255.56% | -56.67% |
Net Earnings / Revenue | -7.45% | 4.31% |
Basic Earnings Per Share | -$0.12 | $0.09 |
Diluted Earnings Per Share | -$0.12 | $0.09 |
COMMON SHARES | ||
Basic Shares Outstanding | 403.9M shares | 365.7M shares |
Diluted Shares Outstanding | 403.9M shares | 366.0M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.206B | $272.0M |
YoY Change | 343.38% | |
Cash & Equivalents | $1.206B | $272.1M |
Short-Term Investments | ||
Other Short-Term Assets | $143.0M | $144.0M |
YoY Change | -0.69% | |
Inventory | $1.019B | $1.036B |
Prepaid Expenses | ||
Receivables | $676.8M | $684.1M |
Other Receivables | $66.90M | $107.8M |
Total Short-Term Assets | $3.121B | $2.278B |
YoY Change | 36.97% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $930.1M | $930.2M |
YoY Change | -0.01% | |
Goodwill | $3.004B | $2.933B |
YoY Change | 2.42% | |
Intangibles | $2.456B | $2.387B |
YoY Change | 2.89% | |
Long-Term Investments | $20.00M | $15.70M |
YoY Change | 27.39% | |
Other Assets | $217.0M | $219.3M |
YoY Change | -1.05% | |
Total Long-Term Assets | $6.607B | $6.469B |
YoY Change | 2.13% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.121B | $2.278B |
Total Long-Term Assets | $6.607B | $6.469B |
Total Assets | $9.727B | $8.747B |
YoY Change | 11.2% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $215.0M | $252.1M |
YoY Change | -14.72% | |
Accrued Expenses | $56.00M | $86.00M |
YoY Change | -34.88% | |
Deferred Revenue | $192.7M | $171.7M |
YoY Change | 12.23% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $26.00M | $29.00M |
YoY Change | -10.34% | |
Total Short-Term Liabilities | $707.5M | $708.2M |
YoY Change | -0.1% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.036B | $2.437B |
YoY Change | -16.46% | |
Other Long-Term Liabilities | $150.3M | $168.4M |
YoY Change | -10.75% | |
Total Long-Term Liabilities | $2.186B | $2.605B |
YoY Change | -16.09% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $707.5M | $708.2M |
Total Long-Term Liabilities | $2.186B | $2.605B |
Total Liabilities | $3.066B | $3.551B |
YoY Change | -13.67% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $33.80M | $47.90M |
YoY Change | -29.44% | |
Common Stock | $0.00 | $0.00 |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $6.661B | $5.196B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $9.727B | $8.747B |
YoY Change | 11.2% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$49.00M | $31.50M |
YoY Change | -255.56% | -56.67% |
Depreciation, Depletion And Amortization | $82.00M | $75.20M |
YoY Change | 9.04% | 1.21% |
Cash From Operating Activities | $4.000M | $8.100M |
YoY Change | -50.62% | -82.77% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $13.00M | $28.00M |
YoY Change | -53.57% | -14.37% |
Acquisitions | $0.00 | |
YoY Change | ||
Other Investing Activities | $0.00 | $500.0K |
YoY Change | -100.0% | -70.59% |
Cash From Investing Activities | -$20.00M | -$31.00M |
YoY Change | -35.48% | -9.88% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $897.0M | -$339.5M |
YoY Change | -364.21% | 343.79% |
NET CHANGE | ||
Cash From Operating Activities | $4.000M | $8.100M |
Cash From Investing Activities | -$20.00M | -$31.00M |
Cash From Financing Activities | $897.0M | -$339.5M |
Net Change In Cash | $872.0M | -$376.9M |
YoY Change | -331.36% | 528.17% |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.000M | $8.100M |
Capital Expenditures | $13.00M | $28.00M |
Free Cash Flow | -$9.000M | -$19.90M |
YoY Change | -54.77% | -239.16% |
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84300000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-242600000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-173700000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6661500000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5546900000 | USD |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9727200000 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8985800000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5197500000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31500000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-28200000 | USD |
CY2019Q1 | elan |
Stockholders Equity Separation Adjustments
StockholdersEquitySeparationAdjustments
|
-7000000.0 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2400000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5196200000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5546900000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49100000 | USD |
CY2020Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-1400000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-68900000 | USD |
CY2020Q1 | elan |
Stockholders Equity Separation Adjustments
StockholdersEquitySeparationAdjustments
|
15800000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
11100000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
-12800000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
767500000 | USD |
CY2020Q1 | elan |
Tangible Equity Units Issued During Period Value
TangibleEquityUnitsIssuedDuringPeriodValue
|
452400000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6661500000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49100000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31500000 | USD |
CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
81500000 | USD |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75200000 | USD |
CY2020Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-25100000 | USD |
CY2019Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
16300000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11100000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7700000 | USD |
CY2020Q1 | elan |
Asset Impairment Charges Including Inventory Write Down
AssetImpairmentChargesIncludingInventoryWriteDown
|
0 | USD |
CY2019Q1 | elan |
Asset Impairment Charges Including Inventory Write Down
AssetImpairmentChargesIncludingInventoryWriteDown
|
4000000.0 | USD |
CY2020Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
3800000 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
9800000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
117200000 | USD |
CY2020Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-500000 | USD |
CY2019Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-9400000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4300000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8100000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12600000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
28000000.0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
|
25200000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
31800000 | USD |
CY2019Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
2500000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
400000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
500000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-19600000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-31000000.0 | USD |
CY2020Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
371400000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
7500000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
79200000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
1219900000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | USD |
CY2020Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3100000 | USD |
CY2019Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2020Q1 | elan |
Payments Of Separation Related Costs Financing Activities
PaymentsOfSeparationRelatedCostsFinancingActivities
|
0 | USD |
CY2019Q1 | elan |
Payments Of Separation Related Costs Financing Activities
PaymentsOfSeparationRelatedCostsFinancingActivities
|
175100000 | USD |
CY2020Q1 | elan |
Proceeds From Payments To Transactions With Parent
ProceedsFromPaymentsToTransactionsWithParent
|
-15200000 | USD |
CY2019Q1 | elan |
Proceeds From Payments To Transactions With Parent
ProceedsFromPaymentsToTransactionsWithParent
|
-156400000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-12800000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-500000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
896600000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-339500000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-9300000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-14500000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
872000000.0 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-376900000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
345100000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
677500000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1217100000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
300600000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1206400000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
272100000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
10700000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
28500000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1217100000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
300600000 | USD |
CY2020Q1 | elan |
Number Of Brands In Entitys Portfolio
NumberOfBrandsInEntitysPortfolio
|
125 | brand |
CY2020Q1 | us-gaap |
Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
|
90 | country |
CY2020Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Note 2. Basis of Presentation and Summary of Significant Accounting Policies</span></div><div><span><br/></span></div><div style="text-indent:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">We have prepared the accompanying unaudited condensed consolidated financial statements in accordance with the requirements of Form 10-Q and, therefore, they do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States (GAAP). In our opinion, the financial statements reflect all adjustments (including those that are normal and recurring) that are necessary for a fair presentation of the results of operations for the periods shown. In preparing financial statements in conformity with GAAP, we must make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates. The accounts of all wholly owned and controlled subsidiaries are included in the condensed consolidated financial statements and all intercompany balances and transactions have been eliminated. </span></div><div style="text-indent:9pt;text-align:justify;"><span><br/></span></div><div style="text-indent:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Certain reclassifications have been made to prior periods in the condensed consolidated financial statements and accompanying notes to conform with current presentation.</span></div><div style="text-indent:9pt;text-align:justify;"><span><br/></span></div><div style="text-indent:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The information included in this Quarterly Report on Form 10-Q should be read in conjunction with our consolidated and combined financial statements and accompanying notes for the year ended December 31, 2019 included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on February 28, 2020.</span></div><div style="text-indent:9pt;text-align:justify;"><span><br/></span></div><div style="text-indent:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Our income taxes in 2019 and thereafter reflect the results on a stand-alone basis independent of Lilly, except for the period during which we were included in a combined tax return with Lilly until full separation. The income tax amounts in the financial statements have been calculated based on a separate return methodology and presented as if our operations were separate taxpayers in the respective jurisdictions. We file income tax returns in the U.S. federal jurisdiction and various state, local and non-U.S. jurisdictions. </span></div>The significant accounting policies set forth in Note 4 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2019 appropriately represent, in all material respects, the current status of our accounting policies, except as it relates to the adoption of the standards that were effective January 1, 2020 as described in Note 4: Implementation of New Financial Accounting Pronouncements, and are incorporated herein by reference. | |
CY2020Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Certain reclassifications have been made to prior periods in the condensed consolidated financial statements and accompanying notes to conform with current presentation. | |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
150400000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
118500000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
60500000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
65700000 | USD |
CY2020Q1 | elan |
Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
|
73300000 | USD |
CY2019Q1 | elan |
Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
|
64200000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
137600000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
120000000.0 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
657700000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
731100000 | USD |
CY2019Q3 | elan |
Business Combination Volume Weighted Average Stock Price As Of Last Day Of Trading Before Closing Acquisition Duration
BusinessCombinationVolumeWeightedAverageStockPriceAsOfLastDayOfTradingBeforeClosingAcquisitionDuration
|
P20Y | |
CY2019Q3 | elan |
Business Combination Volume Weighted Average Price For30 Trading Days
BusinessCombinationVolumeWeightedAveragePriceFor30TradingDays
|
33.60 | |
CY2020Q1 | elan |
Number Of Divestitures
NumberOfDivestitures
|
3 | numberOfDivestitures |
CY2020Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
400000 | USD |
CY2019Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
500000 | USD |
CY2020Q1 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
600000 | USD |
CY2019Q1 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
0 | USD |
CY2020Q1 | us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
76300000 | USD |
CY2019Q1 | us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
20400000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | USD |
CY2019Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
4000000.0 | USD |
CY2020Q1 | us-gaap |
Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
|
1300000 | USD |
CY2019Q1 | us-gaap |
Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
|
0 | USD |
CY2020Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
3800000 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | USD |
CY2020Q1 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
74800000 | USD |
CY2019Q1 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
24900000 | USD |
CY2018Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
44400000 | USD |
CY2019Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
500000 | USD |
CY2019Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
7600000 | USD |
CY2019Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
37300000 | USD |
CY2019Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
20900000 | USD |
CY2020Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1600000 | USD |
CY2020Q1 | us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-600000 | USD |
CY2020Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
10800000 | USD |
CY2020Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
11100000 | USD |
CY2020Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
384200000 | USD |
CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
402900000 | USD |
CY2020Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
592100000 | USD |
CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
603200000 | USD |
CY2020Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
80700000 | USD |
CY2019Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
83900000 | USD |
CY2020Q1 | us-gaap |
Inventory Gross
InventoryGross
|
1057000000.0 | USD |
CY2019Q4 | us-gaap |
Inventory Gross
InventoryGross
|
1090000000.0 | USD |
CY2020Q1 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
38000000.0 | USD |
CY2019Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
39300000 | USD |
CY2020Q1 | us-gaap |
Inventory Net
InventoryNet
|
1019000000.0 | USD |
CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
1050700000 | USD |
CY2020Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
25000000.0 | shares |
CY2020Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
767500000 | USD |
CY2020Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
17900000 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
16800000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2061600000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2355000000.0 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
26000000.0 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
24500000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2035600000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2330500000 | USD |
CY2020Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
20000000.0 | USD |
CY2019Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
18800000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-39200000 | USD |
CY2019Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
0 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
|
-11400000 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-18700000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13300000 | USD |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.276 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.297 | |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-18700000 | USD |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.276 | |
CY2020Q1 | elan |
Discrete Income Tax Benefit
DiscreteIncomeTaxBenefit
|
-1900000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13300000 | USD |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.297 | |
CY2020Q1 | us-gaap |
Litigation Reserve
LitigationReserve
|
0 | USD |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
200000 | shares |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
657700000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
731100000 | USD |
CY2020Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1147400000 | USD |
CY2019Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1147100000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
300000 | shares |
CY2020Q1 | elan |
Proceeds From Payments To Transactions With Parent
ProceedsFromPaymentsToTransactionsWithParent
|
-15200000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
10700000 | USD |