2023 Q4 Form 10-K Financial Statement

#000085973723000023 Filed on November 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $1.013B $984.4M $4.030B
YoY Change -5.69% 3.26% -17.12%
Cost Of Revenue $307.2M $437.4M $1.779B
YoY Change -32.68% 1.63% -3.71%
Gross Profit $567.5M $547.0M $2.072B
YoY Change -8.16% 4.61% -31.29%
Gross Profit Margin 56.02% 55.57% 51.4%
Selling, General & Admin $260.7M $240.0M $987.6M
YoY Change -4.15% -6.43% -4.86%
% of Gross Profit 45.94% 43.88% 47.68%
Research & Development $66.80M $72.60M $294.3M
YoY Change -10.7% -4.47% 3.85%
% of Gross Profit 11.77% 13.27% 14.21%
Depreciation & Amortization $29.60M $81.20M $89.60M
YoY Change -65.54% -23.83% -79.17%
% of Gross Profit 5.22% 14.84% 4.33%
Operating Expenses $369.3M $319.7M $1.403B
YoY Change 4.2% -7.2% 2.67%
Operating Profit $198.2M $227.3M $668.4M
YoY Change -24.78% 27.41% -59.45%
Interest Expense $26.00M $4.800M $111.1M
YoY Change -446.67% -132.65% -360.19%
% of Operating Profit 13.12% 2.11% 16.62%
Other Income/Expense, Net -$8.800M $5.900M -$1.700M
YoY Change -44.3% -65.7% -105.5%
Pretax Income $191.3M $12.10M $676.1M
YoY Change -19.99% -91.56% -57.43%
Income Tax -$55.20M $52.60M $220.1M
% Of Pretax Income -28.86% 434.71% 32.55%
Net Earnings $246.5M -$40.50M $456.0M
YoY Change 31.54% -134.12% -64.98%
Net Earnings / Revenue 24.33% -4.11% 11.31%
Basic Earnings Per Share $1.03 -$0.16 $1.85
Diluted Earnings Per Share $1.03 -$0.16 $1.83
COMMON SHARES
Basic Shares Outstanding 240.0M shares 246.9M shares 246.8M shares
Diluted Shares Outstanding 240.2M shares 246.9M shares 248.8M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.932B $2.765B $2.723B
YoY Change -20.86% 18.19% 16.37%
Cash & Equivalents $1.932B $2.765B $2.723B
Short-Term Investments
Other Short-Term Assets $257.6M $207.4M $218.8M
YoY Change 12.78% -26.24% -22.19%
Inventory $633.6M $680.1M $617.6M
Prepaid Expenses $155.8M $173.7M
Receivables $670.9M $686.8M $625.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.494B $4.339B $4.185B
YoY Change -13.11% 12.36% 8.35%
LONG-TERM ASSETS
Property, Plant & Equipment $527.0M $493.3M $579.7M
YoY Change 6.62% 2.43% 20.37%
Goodwill $3.306B $3.298B
YoY Change 0.5% 1.91%
Intangibles $832.7M $940.1M
YoY Change -33.67% -26.59%
Long-Term Investments $15.50M
YoY Change
Other Assets $309.7M $267.0M $156.7M
YoY Change 34.77% 26.84% -25.56%
Total Long-Term Assets $4.975B $4.999B $4.955B
YoY Change -5.58% -4.04% -4.88%
TOTAL ASSETS
Total Short-Term Assets $3.494B $4.339B $4.185B
Total Long-Term Assets $4.975B $4.999B $4.955B
Total Assets $8.470B $9.338B $9.139B
YoY Change -8.84% 2.94% 0.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.8M $180.6M $175.2M
YoY Change -8.92% -8.65% -11.38%
Accrued Expenses $484.0M $533.1M $472.3M
YoY Change -10.2% -0.41% -3.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.40M $34.70M $290.1M
YoY Change 81.55% 131.33% 1834.0%
Total Short-Term Liabilities $899.0M $981.3M $1.207B
YoY Change -5.98% 4.65% 28.75%
LONG-TERM LIABILITIES
Long-Term Debt $2.523B $2.806B $2.547B
YoY Change -10.1% -0.1% -9.33%
Other Long-Term Liabilities $345.3M $349.7M $348.4M
YoY Change 3.04% -2.35% -2.71%
Total Long-Term Liabilities $2.868B $3.155B $2.895B
YoY Change -8.7% -0.36% -8.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $899.0M $981.3M $1.207B
Total Long-Term Liabilities $2.868B $3.155B $2.895B
Total Liabilities $3.767B $4.156B $4.122B
YoY Change -8.07% -0.93% -1.73%
SHAREHOLDERS EQUITY
Retained Earnings $2.303B $1.966B
YoY Change 28.81% 22.83%
Common Stock $3.000M $3.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.592B $2.796B
YoY Change 36.5% 10.43%
Treasury Stock Shares
Shareholders Equity $4.654B $5.182B $5.017B
YoY Change
Total Liabilities & Shareholders Equity $8.470B $9.338B $9.139B
YoY Change -8.84% 2.94% 0.75%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $246.5M -$40.50M $456.0M
YoY Change 31.54% -134.12% -64.98%
Depreciation, Depletion And Amortization $29.60M $81.20M $89.60M
YoY Change -65.54% -23.83% -79.17%
Cash From Operating Activities $220.0M $332.8M $1.051B
YoY Change -13.18% 97.39% -50.55%
INVESTING ACTIVITIES
Capital Expenditures $38.00M $36.50M $91.80M
YoY Change 30.58% -215.51% -172.17%
Acquisitions $5.000M
YoY Change -96.85%
Other Investing Activities $400.0K -$2.200M $7.400M
YoY Change -103.36% 340.0% -109.36%
Cash From Investing Activities -$104.2M -$38.70M -$152.1M
YoY Change 154.15% 20.56% -26.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$104.3M $474.8M
YoY Change -193.35%
Debt Paid & Issued, Net $259.4M
YoY Change
Cash From Financing Activities -$943.8M -109.6M -$483.2M
YoY Change 731.54% -35.45% -36.08%
NET CHANGE
Cash From Operating Activities $220.0M 332.8M $1.051B
Cash From Investing Activities -$104.2M -38.70M -$152.1M
Cash From Financing Activities -$943.8M -109.6M -$483.2M
Net Change In Cash -$823.6M 184.5M $416.2M
YoY Change -932.76% -654.05% -64.23%
FREE CASH FLOW
Cash From Operating Activities $220.0M $332.8M $1.051B
Capital Expenditures $38.00M $36.50M $91.80M
Free Cash Flow $182.0M $296.3M $959.4M
YoY Change -18.86% 48.0% -57.41%

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CY2021 holx Payments Under Finance Lease Obligations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management’s Estimates and Uncertainties</span></div><div style="margin-top:5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions by management affect the Company’s revenue recognition for multiple performance obligation arrangements, valuations, purchase price allocations and contingent consideration related to business combinations, expected future cash flows including growth rates, discount rates, terminal values and other assumptions and estimates used to evaluate the recoverability of long-lived assets and goodwill, estimated fair values of intangible assets and goodwill, amortization methods and periods, accounts receivable reserves, inventory excess and obsolescence reserves, warranty reserves, certain accrued expenses, restructuring and other related charges, contingent liabilities, tax reserves, deferred tax rates and recoverability of the Company’s net deferred tax assets and related valuation allowances, and stock-based compensation.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a number of risks similar to those of other companies of similar size in its industry, including supply chain constraints primarily related to electronic components specifically semiconductor chips, dependence on third-party reimbursements to support the markets of the Company’s products, early stage of development of certain products, rapid technological changes, recoverability of long-lived assets (including intangible assets and goodwill), competition, stability of world financial markets, ability to obtain regulatory approvals, changes in the regulatory environment, limited number of suppliers, customer concentration, integration of acquisitions, substantial indebtedness, government regulations, management of international activities, protection of proprietary rights, patent and other litigation, dependence on contract manufacturers, inflation and interest rates, and dependence on key individuals.</span></div>
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<div style="margin-top:14pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that subject the Company to credit risk primarily consist of cash and cash equivalents, equity investments and trade accounts receivable. The Company invests its cash and cash equivalents with high credit quality financial institutions.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s customers are principally located in the U.S., Europe and Asia. The Company performs ongoing credit evaluations of the financial condition of its customers and generally does not require collateral. Although the Company is directly affected by the overall financial condition of the healthcare industry, as well as global economic conditions, management does not believe significant credit risk exists as of September 30, 2023. The Company generally has not experienced any material losses related to receivables from individual customers or groups of customers in the healthcare industry. The Company maintains an allowance for doubtful accounts based on accounts past due and historical collection experience.</span></div>There were no customers with a balance greater than 10% of accounts receivable as of September 30, 2023 and September 24, 2022. There were no customers that represented greater than 10% of consolidated revenues for fiscal years 2023, 2022 and 2021
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CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2023 holx Accounts Receivable Allowance Reduction
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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WeightedAverageCommonStockEquivalentsFromAssumedExerciseOfStockOptionsAndRestrictedStockUnits
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CY2022 holx Weighted Average Common Stock Equivalents From Assumed Exercise Of Stock Options And Restricted Stock Units
WeightedAverageCommonStockEquivalentsFromAssumedExerciseOfStockOptionsAndRestrictedStockUnits
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CY2021 holx Weighted Average Common Stock Equivalents From Assumed Exercise Of Stock Options And Restricted Stock Units
WeightedAverageCommonStockEquivalentsFromAssumedExerciseOfStockOptionsAndRestrictedStockUnits
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023 us-gaap Product Warranty Accrual Payments
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CY2023Q3 us-gaap Product Warranty Accrual
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CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8800000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
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CY2022 us-gaap Product Warranty Accrual Payments
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CY2022Q3 us-gaap Product Warranty Accrual
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31400000 usd
CY2022 us-gaap Advertising Expense
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78100000 usd
CY2021 us-gaap Advertising Expense
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9800000 usd
CY2023 us-gaap Revenues
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4030400000 usd
CY2021 us-gaap Revenues
Revenues
5632300000 usd
CY2023 us-gaap Revenues
Revenues
4030400000 usd
CY2022 us-gaap Revenues
Revenues
4862800000 usd
CY2021 us-gaap Revenues
Revenues
5632300000 usd
CY2023 us-gaap Revenues
Revenues
4030400000 usd
CY2022 us-gaap Revenues
Revenues
4862800000 usd
CY2021 us-gaap Revenues
Revenues
5632300000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
797800000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.47
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.30
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.15
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.06
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.02
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
132700000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
119700000 usd
CY2023 holx Lessee Operating And Finance Lease Period With Option To Terminate
LesseeOperatingAndFinanceLeasePeriodWithOptionToTerminate
P1Y
CY2023 holx Lessee Operating And Finance Leases Extension Period
LesseeOperatingAndFinanceLeasesExtensionPeriod
P10Y
CY2023 holx Lessee Operating And Finance Leases Weighted Average Discount Rate Percent
LesseeOperatingAndFinanceLeasesWeightedAverageDiscountRatePercent
0.0320
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
62700000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
68900000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5600000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6000000.0 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20400000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23200000 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3100000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3200000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47100000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53800000 usd
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
15300000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18000000.0 usd
CY2021Q1 holx Number Of Finance Leases
NumberOfFinanceLeases
2 segment
CY2021Q1 holx Lessee Finance Lease Bargain Purchase Option Percentage
LesseeFinanceLeaseBargainPurchaseOptionPercentage
0.03
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M4D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M8D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M3D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M10D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.013
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.043
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
29900 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
28600 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
700 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
800 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
800 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000.0 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
900 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000.0 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
28300 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
29300 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3200 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3300 usd
CY2023 holx Operating And Finance Lease Total Cash Paid For Amounts Included In Measurement Of Lease Liability
OperatingAndFinanceLeaseTotalCashPaidForAmountsIncludedInMeasurementOfLeaseLiability
32400 usd
CY2022 holx Operating And Finance Lease Total Cash Paid For Amounts Included In Measurement Of Lease Liability
OperatingAndFinanceLeaseTotalCashPaidForAmountsIncludedInMeasurementOfLeaseLiability
33600 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15700 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16600 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22100 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3800 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19500 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3800 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13500 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3800 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9400 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4000.0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4500 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3000.0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4700 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2100 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
73700 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
20500 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4700 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2100 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
69000.0 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
18400 usd
CY2023Q3 holx Lease Revenue Percentage Of Total Revenue
LeaseRevenuePercentageOfTotalRevenue
0.03
CY2023Q3 holx Lease Receivable
LeaseReceivable
12900000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1100000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
2800000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
2600000 usd
CY2023Q3 holx Sub Lease Rental Income Current
SubLeaseRentalIncomeCurrent
2000000.0 usd
CY2023Q3 holx Sub Lease Rental Income Due In2 Years
SubLeaseRentalIncomeDueIn2Years
1400000 usd
CY2023Q3 holx Sub Lease Rental Income Due In3 Years
SubLeaseRentalIncomeDueIn3Years
1400000 usd
CY2023Q3 holx Sub Lease Rental Income Due In4 Years
SubLeaseRentalIncomeDueIn4Years
1500000 usd
CY2023Q3 holx Sub Lease Rental Income Due In5years
SubLeaseRentalIncomeDueIn5years
1200000 usd
CY2023Q3 holx Sub Lease Rental Income Due Thereafter
SubLeaseRentalIncomeDueThereafter
3000000.0 usd
CY2023Q3 holx Sub Lease Rental Income
SubLeaseRentalIncome
10500000 usd
CY2021 holx Restructuring Charges Under Exit Or Disposal Plan
RestructuringChargesUnderExitOrDisposalPlan
8700000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
287000000.0 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000.0 usd
CY2023Q3 holx Long Term Debt Obligations Without Convertible Notes
LongTermDebtObligationsWithoutConvertibleNotes
2531200000 usd
CY2022Q3 holx Long Term Debt Obligations Without Convertible Notes
LongTermDebtObligationsWithoutConvertibleNotes
2808400000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2818200000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
2823400000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
287500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
37500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1160000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
400000000.0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
950000000.0 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2835000000 usd
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
35300000 usd
CY2023Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
2000000.0 usd
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
65300000 usd
CY2022Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
23400000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
23400000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
75100000 usd
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
81800000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
1100000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9400000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-14900000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-39500000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-6700000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
7600000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
12200000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2000000.0 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
23400000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
75100000 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-51700000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
186900000 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
174800000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
861400000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1340300000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2267800000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-185300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
247900000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
93300000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
676100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1588200000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2361100000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
250600000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
298600000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
453600000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-72100000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-129800000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-45600000 usd
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
178500000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
168800000 usd
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
408000000.0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
45900000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
54800000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
84700000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.003
CY2023 holx Effective Income Tax Rate Reconciliation Assets Held For Sale Percent
EffectiveIncomeTaxRateReconciliationAssetsHeldForSalePercent
0.015
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9500000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-11900000 usd
CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
36500000 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
45300000 usd
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
72800000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
32700000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
99000000.0 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
23200000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-27600000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-26900000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-12600000 usd
CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
5100000 usd
CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
72100000 usd
CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
10600000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
220100000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
286200000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
491400000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 holx Effective Income Tax Reconciliation Loss On Sale Of Cynosure
EffectiveIncomeTaxReconciliationLossOnSaleOfCynosure
0
CY2022 holx Effective Income Tax Reconciliation Loss On Sale Of Cynosure
EffectiveIncomeTaxReconciliationLossOnSaleOfCynosure
0.012
CY2021 holx Effective Income Tax Reconciliation Loss On Sale Of Cynosure
EffectiveIncomeTaxReconciliationLossOnSaleOfCynosure
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2023 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.010
CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.026
CY2021 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.027
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseRestructuringCharges
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseRestructuringCharges
-0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseRestructuringCharges
0
CY2023 holx Effective Income Tax Rate Reconciliation Benefit Expense Research And Development
EffectiveIncomeTaxRateReconciliationBenefitExpenseResearchAndDevelopment
0.011
CY2022 holx Effective Income Tax Rate Reconciliation Benefit Expense Research And Development
EffectiveIncomeTaxRateReconciliationBenefitExpenseResearchAndDevelopment
0.005
CY2021 holx Effective Income Tax Rate Reconciliation Benefit Expense Research And Development
EffectiveIncomeTaxRateReconciliationBenefitExpenseResearchAndDevelopment
0.003
CY2023 holx Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefits
0.035
CY2022 holx Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefits
0.002
CY2021 holx Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefits
0.003
CY2023 holx Effective Income Tax Rate Reconciliation Non Deductible Expense Executive Compensation Cost
EffectiveIncomeTaxRateReconciliationNonDeductibleExpenseExecutiveCompensationCost
0.008
CY2022 holx Effective Income Tax Rate Reconciliation Non Deductible Expense Executive Compensation Cost
EffectiveIncomeTaxRateReconciliationNonDeductibleExpenseExecutiveCompensationCost
0.002
CY2021 holx Effective Income Tax Rate Reconciliation Non Deductible Expense Executive Compensation Cost
EffectiveIncomeTaxRateReconciliationNonDeductibleExpenseExecutiveCompensationCost
0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.048
CY2022 holx Effective Income Tax Rate Reconciliation Assets Held For Sale Percent
EffectiveIncomeTaxRateReconciliationAssetsHeldForSalePercent
0
CY2021 holx Effective Income Tax Rate Reconciliation Assets Held For Sale Percent
EffectiveIncomeTaxRateReconciliationAssetsHeldForSalePercent
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.082
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
517000000.0 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
481600000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
564700000 usd
CY2023Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
280100000 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
292200000 usd
CY2023Q3 holx Accrued Income And Other Taxes
AccruedIncomeAndOtherTaxes
62300000 usd
CY2022Q3 holx Accrued Income And Other Taxes
AccruedIncomeAndOtherTaxes
44200000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20400000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23200000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
171800000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
175700000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
534600000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
535300000 usd
CY2023Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
274300000 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
251600000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47100000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53800000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
13200000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
13200000 usd
CY2022Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
25300000 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
334600000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
330700000 usd

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0000859737-23-000023.txt Edgar Link pending
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ex104-independentdirectoro.htm Edgar Link pending
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ex211-subsidiariesofhologi.htm Edgar Link pending
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