2015 Q2 Form 10-Q Financial Statement
#000156459015005513 Filed on July 20, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $475.7M | $470.1M |
YoY Change | 1.19% | 11.24% |
Cost Of Revenue | $336.6M | $341.0M |
YoY Change | -1.29% | 11.51% |
Gross Profit | $139.1M | $129.1M |
YoY Change | 7.75% | 10.53% |
Gross Profit Margin | 29.24% | 27.46% |
Selling, General & Admin | $38.10M | $37.10M |
YoY Change | 2.7% | 6.61% |
% of Gross Profit | 27.39% | 28.74% |
Research & Development | $10.40M | $10.90M |
YoY Change | -4.59% | 7.92% |
% of Gross Profit | 7.48% | 8.44% |
Depreciation & Amortization | $18.90M | $17.70M |
YoY Change | 6.78% | 28.26% |
% of Gross Profit | 13.59% | 13.71% |
Operating Expenses | $48.50M | $48.00M |
YoY Change | 1.04% | 6.9% |
Operating Profit | $90.60M | $75.10M |
YoY Change | 20.64% | 4.45% |
Interest Expense | -$2.500M | $2.000M |
YoY Change | -225.0% | -4.76% |
% of Operating Profit | -2.76% | 2.66% |
Other Income/Expense, Net | $0.00 | |
YoY Change | -100.0% | |
Pretax Income | $88.10M | $73.10M |
YoY Change | 20.52% | 6.25% |
Income Tax | $27.00M | $22.90M |
% Of Pretax Income | 30.65% | 31.33% |
Net Earnings | $61.70M | $50.60M |
YoY Change | 21.94% | 4.33% |
Net Earnings / Revenue | 12.97% | 10.76% |
Basic Earnings Per Share | $0.64 | $0.52 |
Diluted Earnings Per Share | $0.63 | $0.51 |
COMMON SHARES | ||
Basic Shares Outstanding | 97.30M shares | |
Diluted Shares Outstanding | 99.20M shares |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $35.30M | $43.80M |
YoY Change | -19.41% | -22.75% |
Cash & Equivalents | $35.30M | $43.80M |
Short-Term Investments | ||
Other Short-Term Assets | $106.2M | $80.10M |
YoY Change | 32.58% | 11.56% |
Inventory | $326.8M | $288.4M |
Prepaid Expenses | ||
Receivables | $283.7M | $281.5M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $752.0M | $693.8M |
YoY Change | 8.39% | 10.78% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.328B | $1.140B |
YoY Change | 16.48% | 18.64% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $33.90M | $23.20M |
YoY Change | 46.12% | -0.43% |
Other Assets | $27.00M | $29.40M |
YoY Change | -8.16% | 121.05% |
Total Long-Term Assets | $1.448B | $1.254B |
YoY Change | 15.52% | 17.3% |
TOTAL ASSETS | ||
Total Short-Term Assets | $752.0M | $693.8M |
Total Long-Term Assets | $1.448B | $1.254B |
Total Assets | $2.200B | $1.947B |
YoY Change | 12.98% | 14.89% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $146.0M | $128.0M |
YoY Change | 14.06% | 12.08% |
Accrued Expenses | $134.9M | $136.8M |
YoY Change | -1.39% | 44.76% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $0.00 | $2.800M |
YoY Change | -100.0% | -44.0% |
Total Short-Term Liabilities | $280.9M | $267.6M |
YoY Change | 4.97% | 25.22% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $508.0M | $395.0M |
YoY Change | 28.61% | 27.83% |
Other Long-Term Liabilities | $164.2M | $128.6M |
YoY Change | 27.68% | -1.91% |
Total Long-Term Liabilities | $672.2M | $128.6M |
YoY Change | 422.71% | -1.91% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $280.9M | $267.6M |
Total Long-Term Liabilities | $672.2M | $128.6M |
Total Liabilities | $953.1M | $791.2M |
YoY Change | 20.46% | 21.02% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $736.8M | |
YoY Change | 36.37% | |
Common Stock | $672.3M | |
YoY Change | 4.87% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $262.1M | |
YoY Change | 168.82% | |
Treasury Stock Shares | 8.200M shares | |
Shareholders Equity | $1.247B | $1.156B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.200B | $1.947B |
YoY Change | 12.98% | 14.89% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $61.70M | $50.60M |
YoY Change | 21.94% | 4.33% |
Depreciation, Depletion And Amortization | $18.90M | $17.70M |
YoY Change | 6.78% | 28.26% |
Cash From Operating Activities | $64.80M | $76.90M |
YoY Change | -15.73% | 2.53% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$71.30M | -$64.20M |
YoY Change | 11.06% | 46.24% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$71.30M | -$64.20M |
YoY Change | 11.06% | 46.24% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 18.80M | -18.50M |
YoY Change | -201.62% | -360.56% |
NET CHANGE | ||
Cash From Operating Activities | 64.80M | 76.90M |
Cash From Investing Activities | -71.30M | -64.20M |
Cash From Financing Activities | 18.80M | -18.50M |
Net Change In Cash | 12.30M | -5.800M |
YoY Change | -312.07% | -115.18% |
FREE CASH FLOW | ||
Cash From Operating Activities | $64.80M | $76.90M |
Capital Expenditures | -$71.30M | -$64.20M |
Free Cash Flow | $136.1M | $141.1M |
YoY Change | -3.54% | 18.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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1300000 | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
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-3000000 | ||
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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646800000 | |
CY2015Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2015Q2 | us-gaap |
Inventory Net
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CY2015Q2 | us-gaap |
Assets Current
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Cash And Cash Equivalents At Carrying Value
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Prepaid Expense And Other Assets Current
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Property Plant And Equipment Gross
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Long Term Debt Current
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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Comprehensive Income Net Of Tax
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Depreciation Depletion And Amortization
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Amortization Of Financing Costs And Discounts
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Deferred Income Taxes And Tax Credits
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Other Cost And Expense Operating
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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200000 | ||
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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10000000 | |
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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88200000 | |
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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Amortization Of Financing Costs And Discounts
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Deferred Income Taxes And Tax Credits
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Share Based Compensation
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Share Based Compensation
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Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
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8600000 | ||
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Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
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Increase Decrease In Accounts Receivable
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Accounts Payable And Accrued Liabilities
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Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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Increase Decrease In Other Operating Capital Net
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Increase Decrease In Other Operating Capital Net
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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Payments To Acquire Property Plant And Equipment
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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Proceeds From Repayments Of Other Debt
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Payments Of Dividends Common Stock
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Payments For Repurchase Of Common Stock
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Cash And Cash Equivalents Period Increase Decrease
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Capital Expenditures Incurred But Not Yet Paid
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Earnings Per Share Basic
EarningsPerShareBasic
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1.35 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
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1.03 | ||
CY2015Q2 | us-gaap |
Equity Method Investment Ownership Percentage
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0.50 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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0.64 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
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0.52 | |
hxl |
Effective Income Tax Rate Excluding Discrete Benefits
EffectiveIncomeTaxRateExcludingDiscreteBenefits
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0.305 | ||
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
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|
61700000 | |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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50600000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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Net Income Loss Available To Common Stockholders Diluted
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100700000 | ||
CY2015Q2 | hxl |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
600000 | |
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Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
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Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
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Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
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Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
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1000000 | |
CY2014Q2 | hxl |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
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1200000 | |
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Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
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1000000 | ||
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Incremental Common Shares Attributable To Stock Options
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1300000 | ||
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
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0.63 | |
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.32 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.01 | ||
CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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100000 | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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200000 | ||
CY2014Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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200000 | |
CY2015Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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Inventory Raw Materials Net Of Reserves
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111100000 | |
CY2015Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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50500000 | |
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Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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48500000 | |
CY2015Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2014Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
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CY2015Q2 | us-gaap |
Long Term Debt
LongTermDebt
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CY2014Q4 | us-gaap |
Long Term Debt
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CY2015Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
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0.306 | |
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Effective Income Tax Rate Continuing Operations
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0.236 | ||
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Effective Income Tax Rate Continuing Operations
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|
0.313 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
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|
0.313 | ||
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Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
11600000 | ||
CY2015Q2 | hxl |
Number Of Counterparties That Are Highly Rated Financial Institutions Which Experienced Significant Downgrades
NumberOfCounterpartiesThatAreHighlyRatedFinancialInstitutionsWhichExperiencedSignificantDowngrades
|
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CY2015Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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18900000 | |
CY2015Q2 | us-gaap |
Share Based Compensation
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|
2400000 | |
CY2015Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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75000000 | |
CY2014Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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17700000 | |
CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
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2700000 | |
CY2014Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
64800000 | |
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Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | ||
us-gaap |
Environmental Remediation Expense
EnvironmentalRemediationExpense
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6000000 | ||
CY2015Q2 | us-gaap |
Environmental Remediation Expense
EnvironmentalRemediationExpense
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CY2015Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
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3600000 | |
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Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
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CY2015Q2 | us-gaap |
Accrued Environmental Loss Contingencies Current
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Accrued Environmental Loss Contingencies Current
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Accrual For Environmental Loss Contingencies High End Of Range
AccrualForEnvironmentalLossContingenciesHighEndOfRange
|
28000000 | |
CY2015Q2 | hxl |
Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
|
0 | |
CY2014Q4 | hxl |
Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
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CY2015Q2 | hxl |
Environmental Cost Contingencies Reserve Period Increase Decrease
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|
1000000 | |
CY2014Q2 | hxl |
Environmental Cost Contingencies Reserve Period Increase Decrease
EnvironmentalCostContingenciesReservePeriodIncreaseDecrease
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1700000 | |
hxl |
Environmental Cost Contingencies Reserve Period Increase Decrease
EnvironmentalCostContingenciesReservePeriodIncreaseDecrease
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2300000 | ||
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Environmental Cost Contingencies Reserve Period Increase Decrease
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CY2015Q2 | us-gaap |
Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
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3700000 | |
CY2014Q2 | us-gaap |
Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
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3700000 | |
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Environmental Exit Costs Anticipated Cost
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6400000 | ||
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Environmental Exit Costs Anticipated Cost
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7200000 | ||
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Environmental Costs Recognized Capitalized In Period
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Environmental Costs Recognized Capitalized In Period
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Environmental Costs Recognized Capitalized In Period
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2400000 | ||
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Environmental Costs Recognized Capitalized In Period
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1500000 | ||
CY2015Q2 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
22000000 | |
CY2015Q2 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
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|
1200000 | |
CY2014Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
11300000 | |
CY2015Q1 | hxl |
Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
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|
3300000 | |
CY2015Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
8000000 | |
CY2015Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
600000 | |
CY2015Q2 | hxl |
Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
|
2600000 | |
CY2015Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
6000000 |