2018 Q3 Form 10-Q Financial Statement
#000156459018027500 Filed on November 06, 2018
Income Statement
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| Revenue | $784.0M | $745.0M |
| YoY Change | 5.23% | |
| Cost Of Revenue | $606.0M | $568.0M |
| YoY Change | 6.69% | |
| Gross Profit | $178.0M | $177.0M |
| YoY Change | 0.56% | |
| Gross Profit Margin | 22.7% | 23.76% |
| Selling, General & Admin | $60.00M | $61.00M |
| YoY Change | -1.64% | |
| % of Gross Profit | 33.71% | 34.46% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $17.00M | $17.00M |
| YoY Change | 0.0% | |
| % of Gross Profit | 9.55% | 9.6% |
| Operating Expenses | $60.00M | $61.00M |
| YoY Change | -1.64% | |
| Operating Profit | $118.0M | $116.0M |
| YoY Change | 1.72% | |
| Interest Expense | $1.000M | -$2.000M |
| YoY Change | -150.0% | |
| % of Operating Profit | 0.85% | -1.72% |
| Other Income/Expense, Net | $7.000M | $3.000M |
| YoY Change | 133.33% | |
| Pretax Income | $73.00M | $74.00M |
| YoY Change | -1.35% | |
| Income Tax | -$856.0M | $17.00M |
| % Of Pretax Income | -1172.6% | 22.97% |
| Net Earnings | $929.0M | $57.00M |
| YoY Change | 1529.82% | |
| Net Earnings / Revenue | 118.49% | 7.65% |
| Basic Earnings Per Share | $12.54 | $0.77 |
| Diluted Earnings Per Share | $12.54 | $0.77 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 74.07M | |
| Diluted Shares Outstanding | 74.07M |
Balance Sheet
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $197.0M | |
| YoY Change | ||
| Cash & Equivalents | $197.0M | $187.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $43.00M | |
| YoY Change | ||
| Inventory | $183.0M | |
| Prepaid Expenses | ||
| Receivables | $706.0M | |
| Other Receivables | $56.00M | |
| Total Short-Term Assets | $1.185B | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $422.0M | |
| YoY Change | ||
| Goodwill | $193.0M | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $37.00M | |
| YoY Change | ||
| Other Assets | $63.00M | |
| YoY Change | ||
| Total Long-Term Assets | $1.105B | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.185B | |
| Total Long-Term Assets | $1.105B | |
| Total Assets | $2.290B | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $828.0M | |
| YoY Change | ||
| Accrued Expenses | $504.0M | |
| YoY Change | ||
| Deferred Revenue | $3.000M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | $28.00M | |
| YoY Change | ||
| Total Short-Term Liabilities | $1.458B | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.577B | |
| YoY Change | ||
| Other Long-Term Liabilities | $173.0M | |
| YoY Change | ||
| Total Long-Term Liabilities | $1.750B | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.458B | |
| Total Long-Term Liabilities | $1.750B | |
| Total Liabilities | $4.746B | |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$2.464B | |
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$2.456B | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.290B | |
| YoY Change |
Cashflow Statement
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $929.0M | $57.00M |
| YoY Change | 1529.82% | |
| Depreciation, Depletion And Amortization | $17.00M | $17.00M |
| YoY Change | 0.0% | |
| Cash From Operating Activities | -$39.00M | $65.00M |
| YoY Change | -160.0% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$19.00M | -$22.00M |
| YoY Change | -13.64% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $8.000M | $70.00M |
| YoY Change | -88.57% | |
| Cash From Investing Activities | -$11.00M | $48.00M |
| YoY Change | -122.92% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | -138.0M |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -39.00M | 65.00M |
| Cash From Investing Activities | -11.00M | 48.00M |
| Cash From Financing Activities | 0.000 | -138.0M |
| Net Change In Cash | -50.00M | -25.00M |
| YoY Change | 100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$39.00M | $65.00M |
| Capital Expenditures | -$19.00M | -$22.00M |
| Free Cash Flow | -$20.00M | $87.00M |
| YoY Change | -122.99% |
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326000000 | ||
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Proceeds From Repayments Of Net Change Related To Cash Pooling And Short Term Notes
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-201000000 | ||
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Proceeds From Repayments Of Net Change Related To Cash Pooling And Short Term Notes
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69000000 | ||
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Net Cash Provided By Used In Financing Activities
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Effect Of Exchange Rate On Cash And Cash Equivalents
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| CY2017Q4 | invest |
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928000000 | |
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Cash And Cash Equivalents Period Increase Decrease
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68000000 | ||
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Cash And Cash Equivalents At Carrying Value
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119000000 | |
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Cash And Cash Equivalents At Carrying Value
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Note 1. Background and Basis of Presentation </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Background</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Garrett Motion Inc. (the “Company” or “Garrett”) designs, manufactures and sells highly engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (“OEMs”) and the aftermarket. We are a global technology leader with significant expertise in delivering products across gasoline and diesel propulsion systems and hybrid and fuel cell powertrains.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October 1, 2018, the Company became an independent publicly-traded company through a pro rata distribution by Honeywell International Inc. (“Parent” or “Honeywell”) of 100% of the then-outstanding shares of Garrett to Honeywell’s stockholders (the “Spin-Off”). <font style="font-size:12pt;">  </font>Each Honeywell stockholder of record received one share of Garrett common stock for every 10 shares of Honeywell common stock held on the record date. Approximately 74 million shares of Garrett common stock were distributed on October 1, 2018 to Honeywell stockholders. In connection with the Spin-Off, Garrett´s common stock began trading “regular-way” under the ticker symbol “GTX” on the New York Stock Exchange on October 1, 2018.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless the context otherwise requires, references to “Garrett,” “we,” “us,” “our,” and “the Company” refer to (i) Honeywell’s Transportation Systems Business (the “Transportation Systems Business” or the “Business”) prior to the Spin-Off and (ii) Garrett Motion Inc. and its subsidiaries following the Spin-Off, as applicable.</p> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Basis of Presentation</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying Combined Interim Financial Statements were derived from the consolidated financial statements and accounting records of Honeywell. These Combined<font style="font-size:12pt;"> </font>Interim Financial Statements reflect the combined historical results of operations, financial position and cash flows of the former Transportation Systems Business as they were historically managed in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Asbestos-related expenses, net of probable insurance recoveries, are presented within Other expense, net in the Combined Statements of Operations. Honeywell is subject to certain asbestos-related and environmental-related liabilities, primarily related to its legacy Bendix business. In conjunction with the Spin-Off, certain operations that were part of the Bendix business, along with the ownership of the Bendix trademark, as well as certain operations that were part of other legacy elements of the Business, were transferred to us. These Combined Interim Financial Statements, prepared for the period during which the Business was still a part of Honeywell, reflect an estimated liability for resolution of pending and future asbestos-related and environmental liabilities related to these businesses, calculated as if we were responsible for 100% of the Bendix asbestos-liability payments. However, we note that this recognition model in the accompanying Combined Interim Financial Statements will differ from the recognition model to be presented in future financial statements as a standalone company which will reflect the terms of the Indemnification and Reimbursement Agreement (the “Indemnification and Reimbursement Agreement”) with Honeywell entered into on September 12, 2018, under which we are required to make payments to Honeywell in amounts equal to 90% of Honeywell’s asbestos-related liability payments and accounts payable, primarily related to the Bendix business in the United States, as well as certain environmental-related liability payments and accounts payable and non-United States asbestos-related liability payments and accounts payable, in each case related to legacy elements of the Business, including the legal costs of defending and resolving such liabilities, less 90% of Honeywell’s net insurance receipts and, as may be applicable, certain other recoveries associated with such liabilities. For additional information, see Note 14 Subsequent Events. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Combined Interim Financial Statements are unaudited; however, in the opinion of management, they contain all the adjustments (consisting of those of a normal recurring nature) considered necessary to state fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. GAAP applicable to interim periods. The Combined Interim Financial Statements should be read in conjunction with the audited annual Combined Financial Statements for the year ended December 31, 2017 of the Transportation Systems Business included in our Form 10, as amended and filed with the Securities and Exchange Commission (“SEC”) on September 5, 2018 (our “Form 10”). The results of operations for the three and nine months ended September 30, 2018 and cash flows for the nine months ended September 30, 2018 should not necessarily be taken as indicative of the entire year. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We report our quarterly financial information using a calendar convention: the first, second and third quarters are consistently reported as ending on March 31, June 30 and September 30. It has been our practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires our businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on our business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event that differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, we will provide appropriate disclosures. Our actual closing dates for the three and nine months ended September 30, 2018 and September 30, 2017 were September 29, 2018 and September 30, 2017. </p></div> | ||
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2018Q3 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
1000000 | |
| us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
4000000 | ||
| CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
784000000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2576000000 | ||
| CY2017Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
5000000 | |
| CY2018Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
6000000 | |
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Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
1000000 | ||
| CY2017Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
7000000 | |
| CY2018Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
3000000 | |
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Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
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4000000 | ||
| CY2018Q3 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
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P1Y | |
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Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
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The timing of satisfying the performance obligation is typically indicated by the terms of the contract. All performance obligations are expected to be satisfied within one year, with substantially all performance obligations being satisfied within a month. | ||
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Contract With Customer Cash Advances And Unbilled Receivables Settlement Period
ContractWithCustomerCashAdvancesAndUnbilledReceivablesSettlementPeriod
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P3M | ||
| us-gaap |
Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
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The timing of satisfaction of our performance obligations does not significantly vary from the typical timing of payment, with cash advances (contract liabilities) and unbilled receivables (contract assets) being settled within 3 months. For some contracts, we may be entitled to receive an advance payment. | ||
| us-gaap |
Revenue Practical Expedient Initial Application And Transition Nondisclosure Of Transaction Price Allocation To Remaining Performance Obligation
RevenuePracticalExpedientInitialApplicationAndTransitionNondisclosureOfTransactionPriceAllocationToRemainingPerformanceObligation
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true | ||
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Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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870000000 | |
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Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
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880000000 | ||
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 | |
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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|
0.21 | ||
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
| CY2017Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
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73000000 | |
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Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
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13000000 | ||
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Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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21000000 | |
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Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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67000000 | |
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Inventory Gross
InventoryGross
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205000000 | |
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Inventory Valuation Reserves
InventoryValuationReserves
|
22000000 | |
| ck0001735707 |
Income Tax Reconciliation Taxes On Undistributed Earnings
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8000000 | ||
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Income Tax Reconciliation Change In Enacted Tax Rate
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5000000 | ||
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Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.017 | ||
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Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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596000000 | |
| CY2017Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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592000000 | |
| CY2017Q4 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
|
83000000 | |
| CY2018Q3 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
56000000 | |
| CY2018Q3 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
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112000000 | |
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Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
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745000000 | |
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Accounts Notes And Other Receivables Gross
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764000000 | |
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Accounts Notes And Other Receivables Gross
AccountsNotesAndOtherReceivablesGross
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748000000 | |
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Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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2000000 | |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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3000000 | |
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Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
|
762000000 | |
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Unbilled Receivables Current
UnbilledReceivablesCurrent
|
13000000 | |
| CY2017Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
6000000 | |
| CY2018Q3 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
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6000000 | |
| CY2017Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
5000000 | |
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Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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117000000 | |
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Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
|
119000000 | |
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Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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118000000 | |
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Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
20000000 | |
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Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
73000000 | |
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Inventory Gross
InventoryGross
|
211000000 | |
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Inventory Valuation Reserves
InventoryValuationReserves
|
23000000 | |
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Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
185000000 | |
| CY2017Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
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185000000 | |
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Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
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114000000 | |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
69000000 | |
| CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
65000000 | |
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Restructuring Reserve Current
RestructuringReserveCurrent
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19000000 | |
| CY2017Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
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60000000 | |
| CY2018Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
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26000000 | |
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Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
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28000000 | |
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Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
5000000 | |
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Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
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22000000 | |
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Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
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11000000 | |
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Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
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21000000 | |
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Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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70000000 | |
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Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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76000000 | |
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Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3000000 | |
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Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
7000000 | |
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Restructuring Reserve
RestructuringReserve
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43000000 | |
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Restructuring Charges
RestructuringCharges
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13000000 | ||
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Payments For Restructuring
PaymentsForRestructuring
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7000000 | ||
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Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
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4000000 | ||
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Restructuring Reserve
RestructuringReserve
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53000000 | |
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Restructuring Reserve
RestructuringReserve
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60000000 | |
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Restructuring Charges
RestructuringCharges
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2000000 | ||
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Payments For Restructuring
PaymentsForRestructuring
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43000000 | ||
| us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
0 | ||
| CY2018Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
19000000 | |
| CY2018Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
1647000000 | |
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Debt Instrument Face Amount
DebtInstrumentFaceAmount
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1619000000 | |
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Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
Senior Credit Facilities are subject to an interest rate, at our option, of either (a) base rate determined by reference to the highest of (1) the rate of interest last quoted by The Wall Street Journal as the “prime rate” in the United States, (2) the greater of the federal funds effective rate and the overnight bank funding rate, plus 0.5% and (3) the one month adjusted LIBOR rate, plus 1% per annum (“ABR”), (b) an adjusted LIBOR rate (“LIBOR”) (which shall not be less than zero), or (c) an adjusted EURIBOR rate (“EURIBOR”) (which shall not be less than zero), in each case, plus an applicable margin. | ||
| ck0001735707 |
Line Of Credit Facility Frequency Of Interest Payment Description
LineOfCreditFacilityFrequencyOfInterestPaymentDescription
|
Interest payments with respect to the Term Loan Facilities are required either on a quarterly basis (for ABR loans) or at the end of each interest period (for LIBOR and EURIBOR loans) or, if the duration of the applicable interest period exceeds three months, then every three months | ||
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Line Of Credit Facility Frequency Of Payments
LineOfCreditFacilityFrequencyOfPayments
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quarterly | ||
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Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
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7000000 | |
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Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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28000000 | |
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Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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32000000 | |
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Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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52000000 | |
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Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
71000000 | |
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Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1457000000 | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
37000000 | ||
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Derivative Notional Amount
DerivativeNotionalAmount
|
812000000 | |
| CY2017Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1712000000 | |
| us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
141000000 | ||
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Loss Contingency Accrual Payments
LossContingencyAccrualPayments
|
152000000 | ||
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Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1701000000 | |
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Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
16000000 | |
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Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
17000000 | |
| CY2018Q3 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
178000000 | |
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Loss Contingency Receivable
LossContingencyReceivable
|
191000000 | |
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Resolution Values Of Malignant Claims
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|
56000 | |
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Resolution Values Of Malignant Claims
ResolutionValuesOfMalignantClaims
|
44000 | |
| CY2015 | ck0001735707 |
Resolution Values Of Malignant Claims
ResolutionValuesOfMalignantClaims
|
44000 | |
| CY2014 | ck0001735707 |
Resolution Values Of Malignant Claims
ResolutionValuesOfMalignantClaims
|
53500 | |
| CY2013 | ck0001735707 |
Resolution Values Of Malignant Claims
ResolutionValuesOfMalignantClaims
|
51000 | |
| CY2017 | ck0001735707 |
Resolution Values Of Nonmalignant Claims
ResolutionValuesOfNonmalignantClaims
|
2800 | |
| CY2016 | ck0001735707 |
Resolution Values Of Nonmalignant Claims
ResolutionValuesOfNonmalignantClaims
|
4485 | |
| CY2015 | ck0001735707 |
Resolution Values Of Nonmalignant Claims
ResolutionValuesOfNonmalignantClaims
|
100 | |
| CY2014 | ck0001735707 |
Resolution Values Of Nonmalignant Claims
ResolutionValuesOfNonmalignantClaims
|
120 | |
| CY2013 | ck0001735707 |
Resolution Values Of Nonmalignant Claims
ResolutionValuesOfNonmalignantClaims
|
850 |
