2021 Q4 Form 10-K Financial Statement

#000095017022000961 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $360.3M $1.325B $295.8M
YoY Change 21.81% -11.83% -47.58%
Cost Of Revenue $291.2M $1.075B $265.4M
YoY Change 9.72% -14.9% -36.48%
Gross Profit $69.10M $250.1M $30.40M
YoY Change 127.3% 4.34% -79.25%
Gross Profit Margin 19.18% 18.88% 10.28%
Selling, General & Admin $32.30M $135.0M $25.90M
YoY Change 24.71% 11.48% -27.86%
% of Gross Profit 46.74% 53.98% 85.2%
Research & Development $11.60M $45.10M $10.60M
YoY Change 9.43% -3.22% -19.7%
% of Gross Profit 16.79% 18.03% 34.87%
Depreciation & Amortization $35.60M $138.0M $34.90M
YoY Change 2.01% -2.06% 0.87%
% of Gross Profit 51.52% 55.18% 114.8%
Operating Expenses $45.60M $180.1M $36.50M
YoY Change 24.93% 7.39% -25.66%
Operating Profit $23.50M $51.80M -$20.40M
YoY Change -215.2% 267.38% -120.94%
Interest Expense -$9.200M $38.30M -$9.400M
YoY Change -2.13% -8.37% -11.32%
% of Operating Profit -39.15% 73.94%
Other Income/Expense, Net $8.500M -$8.500M
YoY Change
Pretax Income $22.30M $21.70M -$29.80M
YoY Change -174.83% 2612.5% -134.33%
Income Tax $3.700M $5.900M -$12.30M
% Of Pretax Income 16.59% 27.19%
Net Earnings $18.90M $16.10M -$19.40M
YoY Change -197.42% -49.21% -126.5%
Net Earnings / Revenue 5.25% 1.22% -6.56%
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share $219.5K $190.3K -$0.23
COMMON SHARES
Basic Shares Outstanding 83.89M 84.10M
Diluted Shares Outstanding 84.60M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.7M $127.7M $103.3M
YoY Change 23.62% 23.62% 60.4%
Cash & Equivalents $127.7M $127.7M $103.3M
Short-Term Investments
Other Short-Term Assets $52.10M $52.10M $50.60M
YoY Change 2.96% 2.96% 86.72%
Inventory $245.7M $245.7M $213.5M
Prepaid Expenses
Receivables $160.3M $190.8M $125.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $616.3M $616.3M $535.9M
YoY Change 15.0% 15.0% -23.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.746B $1.797B $1.874B
YoY Change -6.83% -7.03% -3.53%
Goodwill $190.5M $193.1M
YoY Change -1.35% 1.74%
Intangibles
YoY Change
Long-Term Investments $44.60M $44.60M $44.70M
YoY Change -0.22% -0.22% -3.87%
Other Assets $144.9M $94.20M $185.2M
YoY Change -21.76% -25.65% 20.26%
Total Long-Term Assets $2.203B $2.203B $2.382B
YoY Change -7.51% -7.51% -1.72%
TOTAL ASSETS
Total Short-Term Assets $616.3M $616.3M $535.9M
Total Long-Term Assets $2.203B $2.203B $2.382B
Total Assets $2.819B $2.819B $2.918B
YoY Change -3.37% -3.37% -6.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.2M $113.2M $70.00M
YoY Change 61.71% 61.71% -55.58%
Accrued Expenses $73.40M $127.8M $65.40M
YoY Change 12.23% 17.68% 3.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K $900.0K
YoY Change 0.0% 0.0% -90.53%
Total Short-Term Liabilities $247.6M $247.6M $183.1M
YoY Change 35.23% 35.23% -43.24%
LONG-TERM LIABILITIES
Long-Term Debt $822.4M $822.4M $925.5M
YoY Change -11.14% -11.14% -11.91%
Other Long-Term Liabilities $71.30M $123.9M $92.10M
YoY Change -22.58% -15.14% -8.18%
Total Long-Term Liabilities $893.7M $946.3M $1.018B
YoY Change -12.18% -11.68% -11.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $247.6M $247.6M $183.1M
Total Long-Term Liabilities $893.7M $946.3M $1.018B
Total Liabilities $1.334B $1.334B $1.408B
YoY Change -5.24% -5.24% -16.34%
SHAREHOLDERS EQUITY
Retained Earnings $2.013B $1.996B
YoY Change 0.81% 0.88%
Common Stock $879.7M $850.8M
YoY Change 3.4% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.280B $1.277B
YoY Change 0.22% 2.59%
Treasury Stock Shares $26.10M $26.10M
Shareholders Equity $1.486B $1.486B $1.510B
YoY Change
Total Liabilities & Shareholders Equity $2.819B $2.819B $2.918B
YoY Change -3.37% -3.37% -6.74%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $18.90M $16.10M -$19.40M
YoY Change -197.42% -49.21% -126.5%
Depreciation, Depletion And Amortization $35.60M $138.0M $34.90M
YoY Change 2.01% -2.06% 0.87%
Cash From Operating Activities $87.50M $151.7M $107.3M
YoY Change -18.45% -42.6% -49.81%
INVESTING ACTIVITIES
Capital Expenditures -$12.90M $27.90M -$2.800M
YoY Change 360.71% -44.86% -93.24%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$12.90M -$27.90M -$2.800M
YoY Change 360.71% -44.86% -93.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.00M -96.80M -71.60M
YoY Change -27.37% -45.77% -54.16%
NET CHANGE
Cash From Operating Activities 87.50M 151.7M 107.3M
Cash From Investing Activities -12.90M -27.90M -2.800M
Cash From Financing Activities -52.00M -96.80M -71.60M
Net Change In Cash 22.60M 24.40M 32.90M
YoY Change -31.31% -37.28% 103.09%
FREE CASH FLOW
Cash From Operating Activities $87.50M $151.7M $107.3M
Capital Expenditures -$12.90M $27.90M -$2.800M
Free Cash Flow $100.4M $123.8M $110.1M
YoY Change -8.81% -42.07% -56.86%

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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Dividends Common Stock
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CY2020 hxl Share Based Compensation Expense And Exercise Of Shares Including Treasury Stock Acquired For Tax Obligations
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CY2020Q4 us-gaap Stockholders Equity
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CY2021 hxl Share Based Compensation Expense And Exercise Of Shares Including Treasury Stock Acquired For Tax Obligations
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CY2021Q4 us-gaap Stockholders Equity
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140900000
CY2019 us-gaap Depreciation Depletion And Amortization
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141700000
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CY2021 hxl Merger And Restructuring Expenses Net Of Payments
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CY2020 hxl Merger And Restructuring Expenses Net Of Payments
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CY2019 hxl Merger And Restructuring Expenses Net Of Payments
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CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
3700000
CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2019 us-gaap Share Based Compensation
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Businesses And Interest In Affiliates
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2019 hxl Proceeds From Payments To Stock Plans
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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103300000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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32700000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127700000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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64400000
CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2019 us-gaap Income Taxes Paid Net
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56900000
CY2021 hxl Net Impact Of Capital Expenditure Payments And Accrued Payables
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CY2020 hxl Net Impact Of Capital Expenditure Payments And Accrued Payables
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CY2019 hxl Net Impact Of Capital Expenditure Payments And Accrued Payables
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CY2021 us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Preparation of the accompanying consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span>
CY2020Q4 us-gaap Accounts Receivable Net Current
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CY2021 us-gaap Concentration Risk Credit Risk
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Concentration of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of trade accounts receivable. </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Two</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> customers and their related subcontractors accounted for approximately </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">49</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">% of our annual net sales in 2021, </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">52</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> in 2020 and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">64</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> in 2019. Refer to Note 18</span><span style="background-color:rgba(0,0,0,0);color:rgba(255,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">for further information on significant customers. We perform ongoing credit evaluations of our customers’ financial condition but generally do not require collateral or other security to support customer receivables. We establish an allowance for doubtful accounts based on factors surrounding the credit risk of specific customers, historical trends, and other financial information.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
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CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Accounts Receivable Gross Current
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CY2020Q4 us-gaap Accounts Receivable Gross Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Accounts Receivable Net Current
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CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2019 us-gaap Interest Costs Incurred Capitalized
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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3139700000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1265500000
CY2021Q4 us-gaap Property Plant And Equipment Net
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1746100000
CY2020Q4 us-gaap Property Plant And Equipment Net
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1874200000
CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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CY2021 us-gaap Interest Costs Incurred Capitalized
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12800000
CY2020 us-gaap Interest Costs Incurred Capitalized
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13400000
CY2020 hxl Goodwill And Intangible Assets Currency Translation And Other Adjustments
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CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2021 hxl Goodwill And Intangible Assets Currency Translation And Other Adjustments
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CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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72700000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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26900000
CY2021Q4 us-gaap Goodwill
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CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P11Y
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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7000000.0
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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6800000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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6600000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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6600000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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6600000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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39100000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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72700000
CY2021Q4 us-gaap Finance Lease Liability Current
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CY2020Q4 us-gaap Finance Lease Liability Current
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CY2021Q4 us-gaap Long Term Debt Current
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CY2020Q4 us-gaap Long Term Debt Current
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900000
CY2021Q4 hxl Finance Lease Obligations Noncurrent And Other Long Term Debt
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83600000
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83600000
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24600000
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0.17
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CommonStockDividendsPerShareDeclared
0.64
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PaymentsOfDividendsCommonStock
14200000
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PaymentsOfDividendsCommonStock
54200000
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NumberOfPreferredSharePurchaseRightDeclaredAsDividedPerCommonStock
1
CY2021 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1324700000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1502400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2019 hxl Change In Unbilled Revenue Earned Over Time
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CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
52700000
CY2020 hxl Change In Unbilled Revenue Earned Over Time
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9600000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
43100000
CY2021 hxl Change In Unbilled Revenue Earned Over Time
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12600000
CY2021Q4 us-gaap Contract With Customer Asset Net
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30500000
CY2021 us-gaap Restructuring Charges
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18800000
CY2021Q4 us-gaap Restructuring Reserve
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42800000
CY2020 us-gaap Asset Impairment Charges
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10100000
CY2019 us-gaap Restructuring Charges
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0
CY2020Q4 us-gaap Restructuring Reserve
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14200000
CY2021 us-gaap Restructuring Charges
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18800000
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CY2021 us-gaap Payments For Restructuring
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20300000
CY2021 hxl Restructuring Reserve Settled And Received Without Cash
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-2700000
CY2021Q4 us-gaap Restructuring Reserve
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9000000.0
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1600000
CY2020 us-gaap Restructuring Charges
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42800000
CY2020 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
100000
CY2020 us-gaap Payments For Restructuring
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21600000
CY2020 hxl Restructuring Reserve Settled And Received Without Cash
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CY2020Q4 us-gaap Restructuring Reserve
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14200000
CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17700000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2500000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
4500000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
9100000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83800000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84900000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0058
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0085
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0261
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y11M26D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y11M15D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y11M26D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.015
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.011
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.008
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4965
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4435
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3505
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.12
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.50
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.90
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7700000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3300000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10700000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1800000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7700000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6200000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3000000.0
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16100000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31700000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
306600000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84100000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83800000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84900000
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.19
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.38
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.61
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84100000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84000000.0
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85800000
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.57
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
4000000.0
CY2021Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
3400000
CY2021Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
2200000
CY2021Q4 hxl Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Tax Amount
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsTaxAmount
700000
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2400000
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2500000
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2700000
CY2021 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
0
CY2020 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
0
CY2019 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
0
CY2021 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
300000
CY2020 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
100000
CY2019 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
200000
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2100000
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2400000
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2500000
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2100000
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2400000
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
100000
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
300000
CY2021Q4 hxl Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
0
CY2020Q4 hxl Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
0
CY2021Q4 hxl Accrual For Environmental Loss Contingencies High End Of Range
AccrualForEnvironmentalLossContingenciesHighEndOfRange
16000000
CY2019 hxl Standard Product Warranty Expense Benefit
StandardProductWarrantyExpenseBenefit
2900000
CY2020Q4 hxl Accrual For Environmental Loss Contingencies High End Of Range
AccrualForEnvironmentalLossContingenciesHighEndOfRange
16000000
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4800000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2600000
CY2021 hxl Standard Product Warranty Expense Benefit
StandardProductWarrantyExpenseBenefit
2000000.0
CY2021 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
2100000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2500000
CY2019 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
2200000
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5500000
CY2020 hxl Standard Product Warranty Expense Benefit
StandardProductWarrantyExpenseBenefit
1700000
CY2020 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
4600000
CY2021Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
14900000
CY2021Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
8100000
CY2021Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
8700000
CY2021Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
3000000.0
CY2021Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
2900000
CY2021Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
16800000
CY2021 us-gaap Number Of Reportable Segments
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2
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1324700000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1502400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2355700000
CY2021 us-gaap Operating Income Loss
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51800000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
14100000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
425200000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
138000000.0
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
140900000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
141700000
CY2020 hxl Income Loss From Equity Method Investments And Gain Loss On Sale Of Investments
IncomeLossFromEquityMethodInvestmentsAndGainLossOnSaleOfInvestments
-1600000
CY2019 hxl Income Loss From Equity Method Investments And Gain Loss On Sale Of Investments
IncomeLossFromEquityMethodInvestmentsAndGainLossOnSaleOfInvestments
3700000
CY2021 us-gaap Other Operating Income Expense Net
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-18200000
CY2020 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2021Q4 us-gaap Assets
Assets
2819400000
CY2020Q4 us-gaap Assets
Assets
2917800000
CY2019Q4 us-gaap Assets
Assets
3128600000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
44600000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
44700000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
46500000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41400000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
42500000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
191000000.0
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1324700000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1502400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2355700000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1324700000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1502400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2355700000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2064300000
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2210500000
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2289700000
CY2021 hxl Number Of Counterparties That Are Highly Rated Financial Institutions Which Experienced Significant Downgrades
NumberOfCounterpartiesThatAreHighlyRatedFinancialInstitutionsWhichExperiencedSignificantDowngrades
0

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