2022 Q4 Form 10-K Financial Statement

#000004846522000051 Filed on December 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $3.283B $12.46B $11.39B
YoY Change -4.96% 9.42% 18.5%
Cost Of Revenue $2.717B $10.29B $9.458B
YoY Change -5.55% 8.84% 21.53%
Gross Profit $566.4M $2.165B $1.928B
YoY Change -2.02% 12.28% 5.58%
Gross Profit Margin 17.25% 17.37% 16.93%
Selling, General & Admin $206.5M $879.3M $853.1M
YoY Change -10.39% 3.07% 12.05%
% of Gross Profit 36.45% 40.62% 44.25%
Research & Development $34.70M $33.60M
YoY Change 3.27% 5.33%
% of Gross Profit 1.6% 1.74%
Depreciation & Amortization $71.18M $262.8M $228.4M
YoY Change 7.99% 15.04% 10.99%
% of Gross Profit 12.57% 12.14% 11.85%
Operating Expenses $206.5M $879.3M $886.7M
YoY Change -10.39% -0.84% 11.78%
Operating Profit $359.9M $1.285B $1.123B
YoY Change 3.53% 14.5% 2.03%
Interest Expense -$2.435M -$7.318M $43.31M
YoY Change -153.05% -116.9% 105.55%
% of Operating Profit -0.68% -0.57% 3.86%
Other Income/Expense, Net -$1.000K -$1.000K $46.88M
YoY Change 0.0% -100.0% 31.69%
Pretax Income $357.5M $1.278B $1.126B
YoY Change 1.49% 13.49% 1.02%
Income Tax $77.48M $277.9M $217.0M
% Of Pretax Income 21.67% 21.74% 19.27%
Net Earnings $279.9M $1.000B $908.8M
YoY Change -0.66% 10.03% 0.08%
Net Earnings / Revenue 8.52% 8.03% 7.98%
Basic Earnings Per Share $1.84 $1.68
Diluted Earnings Per Share $508.8K $1.820M $1.66
COMMON SHARES
Basic Shares Outstanding 544.9M shares 541.1M shares
Diluted Shares Outstanding 549.6M shares 547.6M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $998.3M $998.3M $634.7M
YoY Change 57.28% 57.28% -63.35%
Cash & Equivalents $982.1M $982.1M $613.5M
Short-Term Investments $16.15M $16.15M $21.16M
Other Short-Term Assets $48.04M $48.04M $39.91M
YoY Change 221.49% 20.36% 30.01%
Inventory $1.716B $1.716B $1.369B
Prepaid Expenses $31.48M
Receivables $867.6M $867.6M $895.7M
Other Receivables $7.177M $7.177M $8.293M
Total Short-Term Assets $3.637B $3.637B $2.948B
YoY Change 23.38% 23.38% -17.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.141B $2.141B $2.181B
YoY Change -1.85% -1.85% 11.79%
Goodwill $4.926B
YoY Change -0.07%
Intangibles $1.803B
YoY Change -1.06%
Long-Term Investments $271.1M $271.1M $299.0M
YoY Change -9.35% -9.35% -3.04%
Other Assets $528.7M $528.7M $516.7M
YoY Change 76.3% 2.33% 35.8%
Total Long-Term Assets $9.670B $9.670B $9.749B
YoY Change -0.81% -0.81% 54.02%
TOTAL ASSETS
Total Short-Term Assets $3.637B $3.637B $2.948B
Total Long-Term Assets $9.670B $9.670B $9.749B
Total Assets $13.31B $13.31B $12.70B
YoY Change 4.81% 4.81% 28.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $816.6M $816.6M $793.3M
YoY Change 2.94% 2.94% 23.07%
Accrued Expenses $614.9M $614.9M $590.1M
YoY Change 1101.24% 4.22% 2.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.796M $8.796M $8.756M
YoY Change 0.46% 0.46% -96.62%
Total Short-Term Liabilities $1.473B $1.473B $1.416B
YoY Change 4.07% 4.07% -5.87%
LONG-TERM LIABILITIES
Long-Term Debt $3.291B $3.291B $3.315B
YoY Change -0.74% -0.74% 217.27%
Other Long-Term Liabilities $527.7M $527.7M $709.0M
YoY Change 224.48% -25.57% -0.19%
Total Long-Term Liabilities $3.818B $3.818B $4.024B
YoY Change 9.79% -5.12% 129.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.473B $1.473B $1.416B
Total Long-Term Liabilities $3.818B $3.818B $4.024B
Total Liabilities $5.767B $5.767B $5.723B
YoY Change 17.85% 0.76% 64.34%
SHAREHOLDERS EQUITY
Retained Earnings $7.313B
YoY Change 6.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.540B $7.540B $6.973B
YoY Change
Total Liabilities & Shareholders Equity $13.31B $13.31B $12.70B
YoY Change 4.81% 4.81% 28.14%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income $279.9M $1.000B $908.8M
YoY Change -0.66% 10.03% 0.08%
Depreciation, Depletion And Amortization $71.18M $262.8M $228.4M
YoY Change 7.99% 15.04% 10.99%
Cash From Operating Activities $371.8M $1.135B $1.002B
YoY Change -34.09% 13.28% -11.18%
INVESTING ACTIVITIES
Capital Expenditures -$88.51M -$277.7M $232.4M
YoY Change -4.88% -219.48% -36.76%
Acquisitions
YoY Change
Other Investing Activities $2.300M $19.66M -$3.393B
YoY Change -193.38% -100.58% 1075.01%
Cash From Investing Activities -$86.21M -$258.0M -$3.626B
YoY Change -9.74% -92.88% 452.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.869M $79.83M $19.96M
YoY Change 299.97% 61.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.2M -486.7M $1.521B
YoY Change -0.81% -132.01% 168.56%
NET CHANGE
Cash From Operating Activities 371.8M 1.135B $1.002B
Cash From Investing Activities -86.21M -258.0M -$3.626B
Cash From Financing Activities -142.2M -486.7M $1.521B
Net Change In Cash 143.4M 390.3M -$1.101B
YoY Change -55.91% -135.45% -205.7%
FREE CASH FLOW
Cash From Operating Activities $371.8M $1.135B $1.002B
Capital Expenditures -$88.51M -$277.7M $232.4M
Free Cash Flow $460.3M $1.413B $769.5M
YoY Change -29.96% 83.58% 1.18%

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1041407000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
613530000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1714309000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
672901000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
982107000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
613530000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1714309000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:125%">Use of Estimates: </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:125%"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span>
CY2022 us-gaap Fiscal Period
FiscalPeriod
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:125%">Fiscal Year:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:125%"> The Company’s fiscal year ends on the last Sunday in October. Fiscal years 2022 and 2020 consisted of 52 weeks. Fiscal year 2021 consisted of 53 weeks. Fiscal year 2023 will consist of 52 weeks.</span>
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 usd
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
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0 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2022 hrl Lessee Finance Lease Number Of Renewal Or Termination Options
LesseeFinanceLeaseNumberOfRenewalOrTerminationOptions
1 renewaloption
CY2022 hrl Lessee Operating Lease Number Of Renewal Or Termination Options
LesseeOperatingLeaseNumberOfRenewalOrTerminationOptions
1 renewaloption
CY2022 hrl Lessee Finance Lease Number Of Leases With Residual Value Guarantee
LesseeFinanceLeaseNumberOfLeasesWithResidualValueGuarantee
1 lease
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
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0 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
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0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2020 us-gaap Goodwill Impairment Loss
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0 usd
CY2022 us-gaap Goodwill Impairment Loss
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0 usd
CY2021 us-gaap Goodwill Impairment Loss
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0 usd
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 usd
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
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0 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-3311000 usd
CY2022 us-gaap Advertising Expense
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157300000 usd
CY2021 us-gaap Advertising Expense
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138500000 usd
CY2020 us-gaap Advertising Expense
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123600000 usd
CY2022 us-gaap Research And Development Expense
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34700000 usd
CY2021 us-gaap Research And Development Expense
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33600000 usd
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
31900000 usd
CY2020Q4 us-gaap Goodwill
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2612727000 usd
CY2021 us-gaap Goodwill Acquired During Period
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2313064000 usd
CY2021Q4 us-gaap Goodwill
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4929102000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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3273000 usd
CY2022Q4 us-gaap Goodwill
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4925829000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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1658775000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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1658728000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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238016000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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93764000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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239016000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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75471000 usd
CY2021 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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8846000 usd
CY2021 us-gaap Reclassification From Aoci Current Period Tax
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2114000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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19274000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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17518000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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14251000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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18320000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
16331000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14172000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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13940000 usd
CY2020Q4 us-gaap Goodwill And Intangible Asset Impairment
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0 usd
us-gaap Goodwill And Intangible Asset Impairment
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0 usd
CY2022Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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117981000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
271058000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
299019000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27185000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
47763000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
35572000 usd
CY2022 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
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43000000 usd
CY2021 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
45000000 usd
CY2020 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
37500000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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35974000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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974160000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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440193000 usd
CY2021Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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395403000 usd
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
206289000 usd
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
163416000 usd
CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
95417000 usd
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
85264000 usd
CY2022Q4 us-gaap Inventory Net
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1716059000 usd
CY2021Q4 us-gaap Inventory Net
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1369198000 usd
CY2022Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
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-20000000 usd
CY2022 us-gaap Net Income Loss
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999987000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
908839000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
908082000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
47900000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
46700000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
44500000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4250000 usd
CY2021 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
160687000 usd
CY2020 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-47374000 usd
CY2020 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-8920000 usd
CY2020 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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-56443000 usd
CY2020 us-gaap Reclassification From Aoci Current Period Tax
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-13739000 usd
CY2022 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
86372000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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30326000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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45099000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
10761000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
21708000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
1300000 usd
CY2022Q4 hrl Derivative Collateral Obligation To Return Cash Cash Portion
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27500000 usd
CY2022Q4 hrl Accumulated Gain Loss On Closed Derivatives
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26200000 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
10800000 usd
CY2021Q4 hrl Derivative Collateral Obligation To Return Cash Cash Portion
DerivativeCollateralObligationToReturnCashCashPortion
45600000 usd
CY2021Q4 hrl Accumulated Gain Loss On Closed Derivatives
AccumulatedGainLossOnClosedDerivatives
34800000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
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2700000000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3300000000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1321098000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
894139000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
534137000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
372558000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
167727000 usd
CY2022Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
144769000 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
3434428000 usd
CY2022 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
1200000000 usd
CY2021 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
1100000000 usd
CY2020 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
900000000 usd
CY2022 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
75000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
49400000 usd
CY2022Q4 hrl Revocable Letters Of Credit Outstanding Amount
RevocableLettersOfCreditOutstandingAmount
3100000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73613000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72291000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
45563000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
53433000 usd
CY2022Q4 hrl Lease Right Of Use Asset
LeaseRightOfUseAsset
119176000 usd
CY2021Q4 hrl Lease Right Of Use Asset
LeaseRightOfUseAsset
125724000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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21183000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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18331000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8391000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
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8362000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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55571000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
56779000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
36082000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
44637000 usd
CY2022Q4 hrl Lease Liability
LeaseLiability
121227000 usd
CY2021Q4 hrl Lease Liability
LeaseLiability
128109000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
25702000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
21993000 usd
CY2020 us-gaap Operating Lease Cost
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19602000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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7965000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8104000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7985000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1707000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2019000 usd
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2304000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
463439000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
544635000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
424955000 usd
CY2022 us-gaap Lease Cost
LeaseCost
498813000 usd
CY2021 us-gaap Lease Cost
LeaseCost
576751000 usd
CY2020 us-gaap Lease Cost
LeaseCost
454846000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M25D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M1D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M3D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P7Y2M4D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0208
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0176
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0344
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0348
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
24098000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
20305000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
15412000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1707000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2019000 usd
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2304000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8491000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8598000 usd
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8189000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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19646000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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31962000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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5210000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23405000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9745000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
33150000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19062000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9623000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
28685000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14892000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
8120000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
23012000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10110000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5652000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
15762000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4429000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4314000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
8743000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13962000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
11226000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
25188000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
85859000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
48680000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
134539000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9105000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
4207000 usd
CY2022Q4 hrl Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
13312000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
76754000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
44473000 usd
CY2022Q4 hrl Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
121227000 usd
CY2022Q4 hrl Lessee Finance Lease Option To Purchase Underlying Asset Included In Lease Liability
LesseeFinanceLeaseOptionToPurchaseUnderlyingAssetIncludedInLeaseLiability
8500000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19856000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
23435000 usd
CY2022Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
-19950000 usd
CY2021Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
0 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
44473000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
52999000 usd
CY2022Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2429000 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2823000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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