2021 Q1 Form 10-K Financial Statement

#000171851221000012 Filed on February 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2021 2019 Q4
Revenue $794.2M $2.793B $725.7M
YoY Change 11.84% 0.0% -8.38%
Cost Of Revenue $492.3M $1.758B $464.3M
YoY Change 8.36% 0.14% -3.69%
Gross Profit $301.9M $1.035B $261.4M
YoY Change 18.02% -0.23% -15.68%
Gross Profit Margin 38.01% 37.05% 36.02%
Selling, General & Admin $201.0M $776.9M $186.9M
YoY Change 3.93% 1.04% 1.19%
% of Gross Profit 66.58% 75.08% 71.5%
Research & Development $67.20M
YoY Change
% of Gross Profit 6.49%
Depreciation & Amortization $55.40M $218.6M $54.80M
YoY Change 0.91% 0.0% -0.72%
% of Gross Profit 18.35% 21.13% 20.96%
Operating Expenses $201.2M $844.1M $189.4M
YoY Change 4.03% 9.92% 1.55%
Operating Profit $100.7M $211.1M $72.00M
YoY Change 72.43% -21.58% -41.7%
Interest Expense -$45.00M $154.3M -$43.30M
YoY Change -222.62% -206.63% 19.94%
% of Operating Profit -44.69% 73.09% -60.14%
Other Income/Expense, Net $4.300M $14.20M $2.600M
YoY Change 104.76% 208.7% 2500.0%
Pretax Income $44.70M $71.00M $27.30M
YoY Change 87.82% 0.0% -67.42%
Income Tax $12.20M -$19.30M $1.900M
% Of Pretax Income 27.29% -27.18% 6.96%
Net Earnings $24.30M $79.40M $19.40M
YoY Change -31.74% 0.0% -74.34%
Net Earnings / Revenue 3.06% 2.84% 2.67%
Basic Earnings Per Share $0.27
Diluted Earnings Per Share $82.99K $0.27 $66.55K
COMMON SHARES
Basic Shares Outstanding 290.9M shares 290.1M shares
Diluted Shares Outstanding 292.1M shares

Balance Sheet

Concept 2021 Q1 2021 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $521.4M $521.4M $635.3M
YoY Change -16.75% 0.0% 50.05%
Cash & Equivalents $521.4M $521.4M $635.3M
Short-Term Investments
Other Short-Term Assets $153.4M $153.4M $131.4M
YoY Change 11.56% 0.0% 26.22%
Inventory $508.2M $508.2M $475.1M
Prepaid Expenses
Receivables $695.0M $695.0M $694.7M
Other Receivables $28.60M $28.60M $22.10M
Total Short-Term Assets $1.907B $1.907B $1.959B
YoY Change -4.57% 0.0% 7.94%
LONG-TERM ASSETS
Property, Plant & Equipment $825.9M $825.9M $850.9M
YoY Change 3.07% 0.0% 12.51%
Goodwill $2.120B $2.061B
YoY Change 8.3% 0.71%
Intangibles $1.789B $1.876B
YoY Change -1.18% -5.76%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $16.60M $758.5M $17.10M
YoY Change 8.5% 0.0% -42.23%
Total Long-Term Assets $5.520B $5.520B $5.453B
YoY Change 6.42% 0.0% 11.1%
TOTAL ASSETS
Total Short-Term Assets $1.907B $1.907B $1.959B
Total Long-Term Assets $5.520B $5.520B $5.453B
Total Assets $7.426B $7.426B $7.411B
YoY Change 3.36% 0.0% 10.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.4M $417.4M $374.7M
YoY Change 8.98% 0.0% -11.63%
Accrued Expenses $252.2M $251.4M $188.8M
YoY Change 24.05% 0.0% 2.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $42.70M $43.50M $46.10M
YoY Change -22.22% 0.0% -10.66%
Total Short-Term Liabilities $726.3M $726.3M $658.1M
YoY Change 8.78% 0.0% -3.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.666B $2.668B $2.912B
YoY Change -8.13% 0.0% -1.39%
Other Long-Term Liabilities $121.0M $486.4M $84.70M
YoY Change 37.97% 0.0% 6.94%
Total Long-Term Liabilities $2.787B $3.155B $2.997B
YoY Change -6.78% 0.0% -1.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $726.3M $726.3M $658.1M
Total Long-Term Liabilities $2.787B $3.155B $2.997B
Total Liabilities $4.241B $4.621B $4.401B
YoY Change -2.35% 0.0% 0.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.151B $1.072B
YoY Change 3.95% 180.7%
Common Stock $2.900M $2.900M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.806B $2.806B $2.651B
YoY Change
Total Liabilities & Shareholders Equity $7.426B $7.426B $7.411B
YoY Change 3.36% 0.0% 10.24%

Cashflow Statement

Concept 2021 Q1 2021 2019 Q4
OPERATING ACTIVITIES
Net Income $24.30M $79.40M $19.40M
YoY Change -31.74% 0.0% -74.34%
Depreciation, Depletion And Amortization $55.40M $218.6M $54.80M
YoY Change 0.91% 0.0% -0.72%
Cash From Operating Activities $181.5M $309.0M $203.7M
YoY Change 483.6% 0.0% 18.98%
INVESTING ACTIVITIES
Capital Expenditures -$21.80M $58.20M -$24.60M
YoY Change -280.17% -13.65% -11.51%
Acquisitions
YoY Change
Other Investing Activities -$2.100M $700.0K $16.20M
YoY Change 2000.0% -106.93% -1052.94%
Cash From Investing Activities -$23.90M -$77.50M -$8.400M
YoY Change -2.85% 0.0% -71.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.100M
YoY Change -200.0%
Debt Paid & Issued, Net $331.2M
YoY Change
Cash From Financing Activities -322.1M -$353.8M -19.20M
YoY Change 11006.9% 0.0% 62.71%
NET CHANGE
Cash From Operating Activities 181.5M $309.0M 203.7M
Cash From Investing Activities -23.90M -$77.50M -8.400M
Cash From Financing Activities -322.1M -$353.8M -19.20M
Net Change In Cash -164.5M -$112.5M 176.1M
YoY Change 1668.82% -8.01% 35.57%
FREE CASH FLOW
Cash From Operating Activities $181.5M $309.0M $203.7M
Capital Expenditures -$21.80M $58.20M -$24.60M
Free Cash Flow $203.3M $250.8M $228.3M
YoY Change 970.0% 3.81% 14.72%

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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
566000000.0 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
524100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
636600000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424600000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
135700000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
150800000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
157900000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60400000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
108800000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
114000000.0 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000000.0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1800000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000000.0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1428400000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
271100000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-125300000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
145800000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
841700000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
53000000.0 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000.0 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
35200000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2333700000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
694100000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6500000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
687600000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1800000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14600000 USD
CY2019 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
CY2019 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1800000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28800000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3010700000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
90000000.0 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
80900000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
170900000 USD
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2800000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19600000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
19000000.0 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3185000000.0 USD
CY2021 us-gaap Fiscal Period
FiscalPeriod
Accounting periodsThe Company prepares its annual consolidated financial statements as of the Saturday nearest December 31. Accordingly, the consolidated balance sheets are presented as of January 2, 2021 and December 28, 2019 and the related consolidated statements of operations, comprehensive income, cash flows, and shareholders’ equity are presented for the years ended January 2, 2021 (“Fiscal 2020”), December 28, 2019 (“Fiscal 2019”) and December 29, 2018 (“Fiscal 2018”).
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
67200000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
67900000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
71400000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
6700000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
10200000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
10400000 USD
CY2021Q1 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.308
CY2019Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.325
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
2700000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
1300000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
1200000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of estimatesThe preparation of consolidated financial statements under U.S. GAAP requires us to make assumptions and estimates concerning the future that affect reported amounts of assets, liabilities, revenue and expenses. Estimates and assumptions are particularly important in accounting for rebates, post-retirement benefits, impairment of long-lived assets, intangible assets and goodwill, inventory valuation, financial instruments, share-based compensation, product warranties and income taxes. Estimates and assumptions used are based on factors such as historical experience, the observance of trends in the industries in which we operate and information available from our customers and other outside sources. Due to the inherent uncertainty involved in making assumptions and estimates, including those resulting from the impacts of the COVID-19 pandemic, actual outcomes could differ from those assumptions and estimates.
CY2021 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Recent accounting pronouncements not yet adopted<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">The following recent accounting pronouncements are relevant to Gates’ operations but have not yet been adopted. </span></div><div style="margin-top:6pt;padding-left:22.5pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%;padding-left:19pt">ASU 2019-12 “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Simplifying the Accounting for Income Taxes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">” (Topic 740): Income Taxes</span></div><div style="margin-top:6pt;padding-left:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">In December 2019, the FASB issued an ASU to simplify and reduce the complexity of general principles in Topic 740: Income Taxes. Such simplifications include the elimination of certain exceptions to: 1) the incremental approach for intraperiod tax allocation, 2) the requirement to recognize a deferred income tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, 3) the ability not to recognize a deferred income tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary, and 4) the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year.</span></div>The amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The ASU provides for a number of different approaches to applying the changes, depending on the amendment, from full retrospective to modified retrospective to fully prospective. We do not expect any significant impact on our consolidated financial statements on adoption of this ASU.
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2793000000.0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3087100000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3347600000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2793000000.0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3087100000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3347600000 USD
CY2021 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
506600000 USD
CY2019 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
611000000.0 USD
CY2018 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
755800000 USD
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
90300000 USD
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
694700000 USD
CY2019 us-gaap Interest Expense
InterestExpense
157800000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
271700000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19300000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-495900000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31800000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
198800000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
303500000 USD
CY2021 us-gaap Interest Expense
InterestExpense
154300000 USD
CY2018 us-gaap Interest Expense
InterestExpense
175900000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14200000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9800000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17400000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
211100000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
346800000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
496800000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
218600000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
222200000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
218500000 USD
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5200000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2600000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6700000 USD
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
5200000 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
700000 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
600000 USD
CY2021 gtes Restructuring Charges Including Adjustments
RestructuringChargesIncludingAdjustments
37300000 USD
CY2019 gtes Restructuring Charges Including Adjustments
RestructuringChargesIncludingAdjustments
6000000.0 USD
CY2018 gtes Restructuring Charges Including Adjustments
RestructuringChargesIncludingAdjustments
6400000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
19800000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
15000000.0 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
6000000.0 USD
CY2021 us-gaap Sponsor Fees
SponsorFees
1900000 USD
CY2019 us-gaap Sponsor Fees
SponsorFees
6500000 USD
CY2018 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
755800000 USD
CY2019 gtes Nonrecurring Income Expense Inventory Adjustments
NonrecurringIncomeExpenseInventoryAdjustments
1200000 USD
CY2018 us-gaap Sponsor Fees
SponsorFees
8000000.0 USD
CY2021 gtes Inventory Uplift
InventoryUplift
0 USD
CY2019 gtes Inventory Uplift
InventoryUplift
0 USD
CY2018 gtes Inventory Uplift
InventoryUplift
300000 USD
CY2021 gtes Nonrecurring Income Expense Inventory Adjustments
NonrecurringIncomeExpenseInventoryAdjustments
1400000 USD
CY2018 gtes Nonrecurring Income Expense Inventory Adjustments
NonrecurringIncomeExpenseInventoryAdjustments
1200000 USD
CY2021 us-gaap Business Exit Costs1
BusinessExitCosts1
0 USD
CY2019 us-gaap Business Exit Costs1
BusinessExitCosts1
0 USD
CY2018 us-gaap Business Exit Costs1
BusinessExitCosts1
5200000 USD
CY2021 gtes Other Cost And Expense Income Operating Excluding Sponsor Fees
OtherCostAndExpenseIncomeOperatingExcludingSponsorFees
-2900000 USD
CY2019 gtes Other Cost And Expense Income Operating Excluding Sponsor Fees
OtherCostAndExpenseIncomeOperatingExcludingSponsorFees
2600000 USD
CY2018 gtes Other Cost And Expense Income Operating Excluding Sponsor Fees
OtherCostAndExpenseIncomeOperatingExcludingSponsorFees
0 USD
CY2021 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
506600000 USD
CY2019 gtes Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
611000000.0 USD
CY2021Q1 us-gaap Noncurrent Assets
NoncurrentAssets
705000000.0 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
727900000 USD
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
5200000 USD
CY2019 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
700000 USD
CY2018 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
43900000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
7900000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
7300000 USD
CY2021 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
9000000.0 USD
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
7400000 USD
CY2018 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
4300000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
43900000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
7900000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
7300000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
2900000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
2600000 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
23400000 USD
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
5700000 USD
CY2021 gtes Net Restructuring Charges
NetRestructuringCharges
37700000 USD
CY2019 gtes Net Restructuring Charges
NetRestructuringCharges
6100000 USD
CY2021 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-400000 USD
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-100000 USD
CY2021 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-1100000 USD
CY2019 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
0 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
17900000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
2900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
198800000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
303500000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5400000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
21000000.0 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9000000.0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
28400000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
152800000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
96700000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.011
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2000000.0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-49300000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-45300000 USD
CY2021 gtes Deferred Income Tax Expense Benefit Excluding Rounding Differences
DeferredIncomeTaxExpenseBenefitExcludingRoundingDifferences
-47700000 USD
CY2019 gtes Deferred Income Tax Expense Benefit Excluding Rounding Differences
DeferredIncomeTaxExpenseBenefitExcludingRoundingDifferences
-648700000 USD
CY2018 gtes Deferred Income Tax Expense Benefit Excluding Rounding Differences
DeferredIncomeTaxExpenseBenefitExcludingRoundingDifferences
-64900000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19300000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-495900000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31800000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.009
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.021
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.308
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.340
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.013
CY2021 gtes Effective Income Tax Rate Reconciliation Company Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCompanyOwnedLifeInsurancePercent
-0.113
CY2019 gtes Effective Income Tax Rate Reconciliation Company Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCompanyOwnedLifeInsurancePercent
-0.044
CY2018 gtes Effective Income Tax Rate Reconciliation Company Owned Life Insurance Percent
EffectiveIncomeTaxRateReconciliationCompanyOwnedLifeInsurancePercent
-0.028
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.044
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-3.259
CY2021 gtes Effective Income Tax Rate Reconciliation Manufacturing Incentives Percent
EffectiveIncomeTaxRateReconciliationManufacturingIncentivesPercent
-0.044
CY2019 gtes Effective Income Tax Rate Reconciliation Manufacturing Incentives Percent
EffectiveIncomeTaxRateReconciliationManufacturingIncentivesPercent
0.005
CY2018 gtes Effective Income Tax Rate Reconciliation Manufacturing Incentives Percent
EffectiveIncomeTaxRateReconciliationManufacturingIncentivesPercent
-0.042
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.028
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.066
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.029
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.038
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.178
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.082
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.065
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.040
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.014
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.272
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.494
CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
5900000 USD
CY2021Q1 gtes Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
36800000 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.105
CY2021Q1 gtes Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
3300000 USD
CY2019Q4 gtes Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
3100000 USD
CY2021Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
8000000.0 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
6200000 USD
CY2021Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
8600000 USD
CY2019Q4 gtes Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
37000000.0 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
39800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
46800000 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
30100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
27800000 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
19300000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
12800000 USD
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1540700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1480300000 USD
CY2021Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
151900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
130700000 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
147900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
138700000 USD
CY2021Q1 gtes Deferred Tax Assets Tax Deferred Expense Interest
DeferredTaxAssetsTaxDeferredExpenseInterest
122100000 USD
CY2019Q4 gtes Deferred Tax Assets Tax Deferred Expense Interest
DeferredTaxAssetsTaxDeferredExpenseInterest
120900000 USD
CY2021Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14200000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11000000.0 USD
CY2021Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2122700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2021200000 USD
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1219900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1200200000 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
902800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
821000000.0 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
22100000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
22700000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
54800000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
51200000 USD
CY2021Q1 gtes Deferred Tax Liabilities Lease Right Of Use Assets
DeferredTaxLiabilitiesLeaseRightOfUseAssets
30300000 USD
CY2019Q4 gtes Deferred Tax Liabilities Lease Right Of Use Assets
DeferredTaxLiabilitiesLeaseRightOfUseAssets
30100000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
428300000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
450700000 USD
CY2021Q1 gtes Deferred Tax Liabilities Postretirement Benefit Obligations
DeferredTaxLiabilitiesPostretirementBenefitObligations
12900000 USD
CY2019Q4 gtes Deferred Tax Liabilities Postretirement Benefit Obligations
DeferredTaxLiabilitiesPostretirementBenefitObligations
6800000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
40600000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
40900000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1600000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
800000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
590600000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
603200000 USD
CY2021Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
312200000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
217800000 USD
CY2021Q1 gtes Operating Loss Carryforwards Not Subjectto Expiration
OperatingLossCarryforwardsNotSubjecttoExpiration
3543100000 USD
CY2021Q1 gtes Operating Loss Carryforwards Subjectto Expiration
OperatingLossCarryforwardsSubjecttoExpiration
2785300000 USD
CY2021Q1 gtes Deferred Tax Assets Operating Loss Carryforwards Netof Valuation Allowance
DeferredTaxAssetsOperatingLossCarryforwardsNetofValuationAllowance
654700000 USD
CY2021Q1 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
885900000 USD
CY2021Q1 gtes Interest Expense Carryforward
InterestExpenseCarryforward
515500000 USD
CY2021Q1 gtes Deferred Tax Assets Tax Deferred Expense Interest Netof Valuation Allowance
DeferredTaxAssetsTaxDeferredExpenseInterestNetofValuationAllowance
86500000 USD
CY2021Q1 gtes Deferred Tax Assets Tax Deferred Expense Interest Valuation Allowance
DeferredTaxAssetsTaxDeferredExpenseInterestValuationAllowance
35600000 USD
CY2021Q1 gtes Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Investment In Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityInvestmentInSubsidiaries
1707000000.0 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
40600000 USD
CY2021Q1 gtes Deferred Tax Asset Disallowed Interest Carryforward
DeferredTaxAssetDisallowedInterestCarryforward
26000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
147300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
80100000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106100000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6900000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
70600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
400000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
18900000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1500000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
14000000.0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5800000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
21000000.0 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
5600000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
1000000.0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
4100000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
121600000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
147300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
80100000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
94600000 USD
CY2021Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
12300000 USD
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
19600000 USD
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
13400000 USD
CY2021Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
3300000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
79400000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
690100000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
245300000 USD
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
290681615 shares
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
290057360 shares
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
285906693 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1434349 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1570101 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5791580 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
292115964 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291627461 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291698273 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5257654 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3679014 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
932515 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.38
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2021Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
135100000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
118900000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
34300000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33600000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
338800000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
322600000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
508200000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
475100000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1264700000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1187800000 USD
CY2021Q1 gtes Property Plantand Equipmentand Finance Lease Rightof Use Asset Accumulated Depreciationand Amortizationand Impairment
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetAccumulatedDepreciationandAmortizationandImpairment
559700000 USD
CY2019Q4 gtes Property Plantand Equipmentand Finance Lease Rightof Use Asset Accumulated Depreciationand Amortizationand Impairment
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetAccumulatedDepreciationandAmortizationandImpairment
459900000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
705000000.0 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
727900000 USD
CY2021 us-gaap Depreciation
Depreciation
89300000 USD
CY2019 us-gaap Depreciation
Depreciation
92300000 USD
CY2018 us-gaap Depreciation
Depreciation
87800000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4500000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
5200000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
700000 USD
CY2018 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2700000 USD
CY2018 us-gaap Restructuring Costs
RestructuringCosts
2100000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4100000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2800000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
2045900000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
14600000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2060500000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
59700000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
2120200000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2253800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
934600000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1319200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2188700000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
782100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1406600000 USD
CY2021Q1 gtes Indefinite Lived Intangible Assets Excluding Goodwill Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillGross
513400000 USD
CY2021Q1 gtes Indefinite Lived Intangible Assets Excluding Goodwill Impaired Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsExcludingGoodwillImpairedAccumulatedImpairmentLoss
44000000.0 USD
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
469400000 USD
CY2019Q4 gtes Indefinite Lived Intangible Assets Excluding Goodwill Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillGross
513400000 USD
CY2019Q4 gtes Indefinite Lived Intangible Assets Excluding Goodwill Impaired Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsExcludingGoodwillImpairedAccumulatedImpairmentLoss
44000000.0 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
469400000 USD
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2767200000 USD
CY2021Q1 gtes Intangible Assets Excluding Goodwill Accumulated Amortization And Impairment Loss
IntangibleAssetsExcludingGoodwillAccumulatedAmortizationAndImpairmentLoss
978600000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1788600000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2702100000 USD
CY2019Q4 gtes Intangible Assets Excluding Goodwill Accumulated Amortization And Impairment Loss
IntangibleAssetsExcludingGoodwillAccumulatedAmortizationAndImpairmentLoss
826100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1876000000.0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
129300000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
129900000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
130700000 USD
CY2021 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
30800000 USD
CY2019 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
3000000.0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
134700000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
134500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
130500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
128300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
127000000.0 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
29900000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
30300000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
900000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
300000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5800000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4600000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
7000000.0 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
6900000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
100000 USD
CY2021 us-gaap Lease Cost
LeaseCost
43700000 USD
CY2019 us-gaap Lease Cost
LeaseCost
42000000.0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17700000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19700000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2000000.0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
900000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
30300000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
26300000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000.0 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 USD
CY2021 gtes Lease Payments
LeasePayments
31300000 USD
CY2019 gtes Lease Payments
LeasePayments
26700000 USD
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.025
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
27800000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22300000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17900000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
600000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15400000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
200000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13500000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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