2020 Q4 Form 10-Q Financial Statement

#000103797620000044 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $4.845B $3.978B $4.496B
YoY Change -10.28% -11.51% 13.24%
Cost Of Revenue $2.098B $1.887B $1.950B
YoY Change -5.72% -3.24% 11.03%
Gross Profit $2.747B $2.091B $2.546B
YoY Change -13.47% -17.85% 15.0%
Gross Profit Margin 56.7% 52.57% 56.63%
Selling, General & Admin $2.292B $1.848B $2.251B
YoY Change -14.46% -17.88% 13.87%
% of Gross Profit 83.44% 88.37% 88.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.60M $54.90M $53.60M
YoY Change 4.93% 2.43% 25.53%
% of Gross Profit 2.17% 2.63% 2.11%
Operating Expenses $2.352B $3.823B $4.324B
YoY Change -53.26% -11.58% 14.42%
Operating Profit $395.4M $154.9M $171.6M
YoY Change 7.36% -9.73% -10.11%
Interest Expense -$4.400M $2.700M -$900.0K
YoY Change -60.71% -400.0% -89.89%
% of Operating Profit -1.11% 1.74% -0.52%
Other Income/Expense, Net $6.500M $2.700M $700.0K
YoY Change 490.91% 285.71% -333.33%
Pretax Income $330.9M $160.3M $171.4M
YoY Change -7.62% -6.48% -5.67%
Income Tax $74.70M $25.70M $42.10M
% Of Pretax Income 22.57% 16.03% 24.56%
Net Earnings $250.1M $131.9M $128.9M
YoY Change -8.86% 2.33% -4.45%
Net Earnings / Revenue 5.16% 3.32% 2.87%
Basic Earnings Per Share $2.55 $2.50
Diluted Earnings Per Share $4.764M $2.52 $2.47
COMMON SHARES
Basic Shares Outstanding 51.30M shares 51.76M shares 51.53M shares
Diluted Shares Outstanding 52.25M shares 52.10M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $574.0M $440.0M $402.0M
YoY Change 26.99% 9.45% 22.94%
Cash & Equivalents $574.3M $440.0M $402.2M
Short-Term Investments
Other Short-Term Assets $1.978B $1.802B $1.849B
YoY Change -3.47% -2.54% 7.75%
Inventory
Prepaid Expenses
Receivables $1.636B $1.440B $1.769B
Other Receivables $1.999B $2.194B $1.223B
Total Short-Term Assets $6.454B $6.169B $5.590B
YoY Change 9.97% 10.35% 14.99%
LONG-TERM ASSETS
Property, Plant & Equipment $663.9M $675.4M $671.0M
YoY Change -5.41% 0.66% 24.08%
Goodwill $4.225B $4.164B $4.083B
YoY Change 1.36% 1.98% 51.81%
Intangibles $679.8M $653.9M $675.6M
YoY Change -0.41% -3.21% 131.77%
Long-Term Investments $431.0M $390.0M $412.0M
YoY Change 6.68% -5.34% 10.75%
Other Assets $182.3M $208.1M $202.6M
YoY Change -7.56% 2.71% 23.24%
Total Long-Term Assets $7.863B $7.734B $7.488B
YoY Change 0.75% 3.28% 57.38%
TOTAL ASSETS
Total Short-Term Assets $6.454B $6.169B $5.590B
Total Long-Term Assets $7.863B $7.734B $7.488B
Total Assets $14.32B $13.90B $13.08B
YoY Change 4.71% 6.3% 35.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.230B $1.097B $939.0M
YoY Change -4.58% 16.83% -5.63%
Accrued Expenses $1.599B $1.278B $1.447B
YoY Change -15.08% -11.68% 19.98%
Deferred Revenue
YoY Change
Short-Term Debt $62.00M $1.724B $100.4M
YoY Change -48.38% 1617.13% 19.95%
Long-Term Debt Due $0.00 $106.0M $100.0M
YoY Change -100.0% 6.0% 19.05%
Total Short-Term Liabilities $6.128B $5.802B $4.863B
YoY Change 11.61% 19.32% 12.18%
LONG-TERM LIABILITIES
Long-Term Debt $693.0M $1.073B $1.765B
YoY Change -41.12% -39.21% 95.89%
Other Long-Term Liabilities $597.5M $539.1M $400.9M
YoY Change 36.98% 34.47% 22.11%
Total Long-Term Liabilities $597.5M $539.1M $400.9M
YoY Change 36.98% 34.47% 22.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.128B $5.802B $4.863B
Total Long-Term Liabilities $597.5M $539.1M $400.9M
Total Liabilities $8.699B $8.608B $8.211B
YoY Change 2.83% 4.83% 35.81%
SHAREHOLDERS EQUITY
Retained Earnings $3.976B $3.726B $3.337B
YoY Change 10.8% 11.66% 14.53%
Common Stock $2.024B $2.009B $1.938B
YoY Change 3.08% 3.65% 84.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $96.10M $47.80M
YoY Change
Treasury Stock Shares 864.9K shares
Shareholders Equity $5.521B $5.204B $4.784B
YoY Change
Total Liabilities & Shareholders Equity $14.32B $13.90B $13.08B
YoY Change 4.71% 6.3% 35.96%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $250.1M $131.9M $128.9M
YoY Change -8.86% 2.33% -4.45%
Depreciation, Depletion And Amortization $59.60M $54.90M $53.60M
YoY Change 4.93% 2.43% 25.53%
Cash From Operating Activities $751.6M $407.8M $231.6M
YoY Change 2.22% 76.08% -13.45%
INVESTING ACTIVITIES
Capital Expenditures -$36.90M -$35.20M -$47.30M
YoY Change -72.85% -25.58% 20.97%
Acquisitions
YoY Change
Other Investing Activities -$9.500M $20.40M -$805.1M
YoY Change -111.83% -102.53% 3199.59%
Cash From Investing Activities -$46.40M -$14.80M -$852.4M
YoY Change -16.55% -98.26% 1242.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -527.4M -357.9M 647.1M
YoY Change -13.54% -155.31% -407.12%
NET CHANGE
Cash From Operating Activities 751.6M 407.8M 231.6M
Cash From Investing Activities -46.40M -14.80M -852.4M
Cash From Financing Activities -527.4M -357.9M 647.1M
Net Change In Cash 177.8M 35.10M 26.30M
YoY Change 155.09% 33.46% -498.48%
FREE CASH FLOW
Cash From Operating Activities $751.6M $407.8M $231.6M
Capital Expenditures -$36.90M -$35.20M -$47.30M
Free Cash Flow $788.5M $443.0M $278.9M
YoY Change -9.49% 58.84% -9.06%

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CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
419300000 USD
CY2020Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
3200000 USD
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ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2020Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
386600000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
419300000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
85700000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
87700000 USD
jll Percentageof Revenue Remaining Performance Obligation
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0.05
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15000000.0 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
32300000 USD
CY2020Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
33500000 USD
CY2019Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
70000000.0 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
75800000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
114300000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
154900000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
171600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
230300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
347100000 USD
jll Paymentfor Contingent Consideration Liability Total
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58500000 USD
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42 acquisition
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44 acquisition
CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
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221300000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
268900000 USD
CY2020Q3 us-gaap Goodwill
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4164000000.0 USD
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601900000 USD
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IndefiniteLivedIntangibleAssetsExcludingGoodwill
52000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
4168200000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
700000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2020Q3 us-gaap Goodwill
Goodwill
4164000000.0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
2697800000 USD
jll Goodwill Additions Net Of Adjustments
GoodwillAdditionsNetOfAdjustments
1430000000.0 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
900000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-43700000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
4083200000 USD
jll Finite And Indefinite Lived Intangible Assets Additions
FiniteAndIndefiniteLivedIntangibleAssetsAdditions
78400000 USD
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897400000 USD
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45400000 USD
jll Finite And Indefinite Lived Intangible Assets Translation Adjustments
FiniteAndIndefiniteLivedIntangibleAssetsTranslationAdjustments
-500000 USD
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IntangibleAssetsGrossExcludingGoodwill
930900000 USD
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214800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
108800000 USD
jll Accumulated Amortization Adjustmentforfully Amortized Intangibles
AccumulatedAmortizationAdjustmentforfullyAmortizedIntangibles
45400000 USD
jll Accumulated Amortization Finite Lived Intangible Assets Translation Adjustments
AccumulatedAmortizationFiniteLivedIntangibleAssetsTranslationAdjustments
1200000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
277000000.0 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
653900000 USD
us-gaap Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
15300000 USD
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Aggregate Write Downs
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsAggregateWriteDowns
1900000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
506700000 USD
jll Finite And Indefinite Lived Intangible Assets Additions
FiniteAndIndefiniteLivedIntangibleAssetsAdditions
413100000 USD
jll Adjustment For Fully Amortized Intangibles
AdjustmentForFullyAmortizedIntangibles
46600000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
500000 USD
jll Finite And Indefinite Lived Intangible Assets Translation Adjustments
FiniteAndIndefiniteLivedIntangibleAssetsTranslationAdjustments
-5200000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
867500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
169800000 USD
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AmortizationOfIntangibleAssets
71600000 USD
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AccumulatedAmortizationAdjustmentforfullyAmortizedIntangibles
46600000 USD
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AcceleratedDepreciationonIntangibles
500000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
191900000 USD
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IntangibleAssetsNetExcludingGoodwill
675600000 USD
us-gaap Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
10600000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
33200000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
114800000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
102200000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
93500000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
81600000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
56600000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
120000000.0 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
601900000 USD
CY2020Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2030000000.00 USD
CY2020Q3 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
1050000000.00 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2300000000 USD
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
389600000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
404200000 USD
CY2020Q3 jll Number Of Separate Property Or Fund Co Investments
NumberOfSeparatePropertyOrFundCoInvestments
48 investment
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
328600000 USD
CY2018Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
247300000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
36800000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
67100000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
58800000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
39200000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9100000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
29800000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
1500000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
-800000 USD
CY2020Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
299000000.0 USD
CY2019Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
304200000 USD
CY2020Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
686100000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
685900000 USD
CY2020Q3 us-gaap Senior Long Term Notes
SeniorLongTermNotes
682900000 USD
CY2019Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
664600000 USD
us-gaap Restructuring Charges
RestructuringCharges
53500000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
36500000 USD
CY2020Q3 us-gaap Loss Contingency Receivable
LossContingencyReceivable
41000000.0 USD
CY2019Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
37700000 USD
CY2020Q3 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
11000000000.0 USD
CY2019Q4 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
9700000000 USD
CY2020Q3 jll Loanlossaccrual
Loanlossaccrual
20700000 USD
CY2019Q4 jll Loanlossaccrual
Loanlossaccrual
20600000 USD
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
6200000 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
14000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
30500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14000000.0 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-600000 USD
CY2019Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
700000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-8200000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
20700000 USD
CY2020Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
33500000 USD
CY2019Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
70000000.0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
58500000 USD
CY2019Q4 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
1050000000.00 USD
CY2020Q3 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5600000 USD
CY2019Q4 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5700000 USD
CY2020Q3 us-gaap Bank Overdrafts
BankOverdrafts
12200000 USD
CY2019Q4 us-gaap Bank Overdrafts
BankOverdrafts
44800000 USD
CY2020Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
94200000 USD
CY2019Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
75300000 USD
CY2020Q3 jll Shortterm Debt
ShorttermDebt
106400000 USD
CY2019Q4 jll Shortterm Debt
ShorttermDebt
120100000 USD
CY2020Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1179700000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1297400000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
85900000 USD
CY2020Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
1723800000 USD
CY2019Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
515900000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
31500000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 USD
us-gaap Restructuring Charges
RestructuringCharges
79600000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
77500000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
17200000 USD

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