2024 Q1 Form 10-K Financial Statement

#000104360424000014 Filed on February 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.149B $1.365B $5.565B
YoY Change -16.25% -5.8% 4.97%
Cost Of Revenue $468.0M $557.6M $2.363B
YoY Change -22.08% -10.32% 0.84%
Gross Profit $680.9M $807.2M $3.202B
YoY Change -11.71% -2.39% 8.23%
Gross Profit Margin 59.27% 59.14% 57.54%
Selling, General & Admin $366.1M $372.9M $1.489B
YoY Change -1.37% 4.63% 7.7%
% of Gross Profit 53.77% 46.2% 46.52%
Research & Development $296.6M $289.1M $1.144B
YoY Change 4.14% 7.39% 10.45%
% of Gross Profit 43.56% 35.82% 35.74%
Depreciation & Amortization $44.20M $47.30M $194.7M
YoY Change -10.53% -9.56% -10.56%
% of Gross Profit 6.49% 5.86% 6.08%
Operating Expenses $662.7M $662.0M $2.732B
YoY Change 1.1% 5.82% 12.93%
Operating Profit $18.20M $145.2M $470.1M
YoY Change -84.27% -27.9% -12.83%
Interest Expense -$14.50M -$5.300M $80.00M
YoY Change -175.52% -235.9% 36.52%
% of Operating Profit -79.67% -3.65% 17.02%
Other Income/Expense, Net $2.300M -$2.800M -$23.80M
YoY Change -126.74% -286.67% -16.78%
Pretax Income -$26.40M $117.6M $340.4M
YoY Change -124.65% -42.63% -36.53%
Income Tax -$27.70M -$10.40M $29.20M
% Of Pretax Income -8.84% 8.58%
Net Earnings -$800.0K $124.3M $310.2M
YoY Change -100.94% -31.1% -34.14%
Net Earnings / Revenue -0.07% 9.11% 5.57%
Basic Earnings Per Share $0.00 $0.97
Diluted Earnings Per Share $0.00 $0.38 $0.95
COMMON SHARES
Basic Shares Outstanding 321.9M shares 318.9M shares 320.0M shares
Diluted Shares Outstanding 322.6M shares 325.9M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.258B $1.208B $1.208B
YoY Change 14.5% 10.74% 10.74%
Cash & Equivalents $1.070B $1.068B $1.068B
Short-Term Investments $187.9M $139.4M $139.4M
Other Short-Term Assets $510.1M $134.2M $591.5M
YoY Change 182.45% -80.26% -13.01%
Inventory $958.2M $952.4M $952.4M
Prepaid Expenses $149.9M $140.9M
Receivables $814.9M $1.044B $1.044B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.541B $3.796B $3.796B
YoY Change -3.2% 4.93% 4.93%
LONG-TERM ASSETS
Property, Plant & Equipment $847.0M $689.9M $801.3M
YoY Change 26.23% -14.66% -0.88%
Goodwill $3.734B $3.734B
YoY Change 0.0% 0.0%
Intangibles $74.60M $91.80M
YoY Change -47.94% -42.8%
Long-Term Investments $277.2M $0.00 $116.8M
YoY Change 199.35% -100.0% -16.33%
Other Assets $1.004B $978.7M $978.7M
YoY Change 13.57% 12.92% 12.92%
Total Long-Term Assets $5.937B $5.723B $5.723B
YoY Change 4.93% 0.23% 0.23%
TOTAL ASSETS
Total Short-Term Assets $3.541B $3.796B $3.796B
Total Long-Term Assets $5.937B $5.723B $5.723B
Total Assets $9.478B $9.519B $9.519B
YoY Change 1.74% 2.06% 2.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $250.2M $295.1M $295.1M
YoY Change -30.01% -15.05% -15.05%
Accrued Expenses $574.3M $678.9M $678.9M
YoY Change -10.6% -4.51% -4.51%
Deferred Revenue $1.206B $1.130B
YoY Change 12.21% 10.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.030B $2.104B $2.104B
YoY Change -2.13% 1.21% 1.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.607B $1.617B $1.617B
YoY Change -0.59% 0.97% 0.97%
Other Long-Term Liabilities $1.360B $122.7M $1.305B
YoY Change 1039.9% -89.53% 11.41%
Total Long-Term Liabilities $2.967B $1.740B $2.922B
YoY Change 70.91% -37.26% 5.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.030B $2.104B $2.104B
Total Long-Term Liabilities $2.967B $1.740B $2.922B
Total Liabilities $4.997B $5.026B $5.026B
YoY Change 2.37% 3.59% 3.59%
SHAREHOLDERS EQUITY
Retained Earnings -$2.307B -$2.296B
YoY Change -3.12% -3.33%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.481B $4.493B $4.493B
YoY Change
Total Liabilities & Shareholders Equity $9.478B $9.519B $9.519B
YoY Change 1.74% 2.06% 2.06%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$800.0K $124.3M $310.2M
YoY Change -100.94% -31.1% -34.14%
Depreciation, Depletion And Amortization $44.20M $47.30M $194.7M
YoY Change -10.53% -9.56% -10.56%
Cash From Operating Activities $325.0M $9.100M $872.8M
YoY Change 69.71% -92.39% 794.26%
INVESTING ACTIVITIES
Capital Expenditures $34.80M $35.40M $159.4M
YoY Change -17.34% -211.67% -251.67%
Acquisitions
YoY Change
Other Investing Activities -$230.7M -$83.00M $5.800M
YoY Change 25533.33% -176.85% -98.87%
Cash From Investing Activities -$265.5M -$118.4M -$67.60M
YoY Change -729.15% -255.18% -116.59%
FINANCING ACTIVITIES
Cash Dividend Paid $71.40M $280.8M
YoY Change 1.13% 3.85%
Common Stock Issuance & Retirement, Net $335.7M
YoY Change -230.12%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -53.90M -71.90M -$618.8M
YoY Change -71.75% -53.79% 17.11%
NET CHANGE
Cash From Operating Activities 325.0M 9.100M $872.8M
Cash From Investing Activities -265.5M -118.4M -$67.60M
Cash From Financing Activities -53.90M -71.90M -$618.8M
Net Change In Cash 5.600M -181.2M $186.6M
YoY Change -87.3% -549.63% -900.86%
FREE CASH FLOW
Cash From Operating Activities $325.0M $9.100M $872.8M
Capital Expenditures $34.80M $35.40M $159.4M
Free Cash Flow $290.2M -$26.30M $713.4M
YoY Change 94.24% -117.38% 251.95%

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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements and related disclosures in accordance with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes are reasonable under the circumstances, to determine the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.</span></div>
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Accounting Estimate</span></div>In December 2023, the Company completed an assessment of the useful lives of certain property and equipment. Effective January 1, 2024, the Company has increased the expected useful life of certain lab equipment from 3-5 years to 7 years to better reflect the economic value of our assets. The Company considered several factors in making this change, including current and historical usage patterns, as well as expected technology and overall changes in our product roadmap. This change in estimate will be applied prospectively beginning in the first quarter of 2024.
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, derivatives, and accounts receivable. The Company invests only in high-quality credit instruments and maintains its cash, cash equivalents, and available-for-sale investments in fixed income securities with several high-quality institutions. Deposits held with banks, including those held in foreign branches of global banks, may exceed the amount of insurance provided on such deposits. We mitigate the concentration of credit risk in our investment portfolio through diversification of the investments in various industries and asset classes, and limits to the amount of credit exposure to any single issuer and credit rating. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s derivatives expose it to credit risk to the extent that counterparties may be unable to meet the terms of the agreement. The Company has a risk assessment and mitigation framework to evaluate the potential risk of loss with any one counterparty resulting from this type of credit risk. As part of this risk mitigation framework, the Company transacts with major financial institutions with high credit ratings and also enters into master netting agreements, which permit net settlement of the transactions with the same counterparty. The Company performs periodic evaluations of the relative credit standing of these financial institutions. Therefore, the Company does not expect material losses as a result of defaults by counterparties.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Generally, credit risk with respect to accounts receivable is diversified due to the number of entities comprising the Company's customer base and their dispersion across different geographic locations throughout the world. The Company performs ongoing credit evaluations of its customers and generally does not require collateral on accounts receivable. For the years ended December 31, 2023, 2022, and 2021, no single customer accounted for 10% or more of net revenues.</span></div>The Company relies on sole suppliers for certain critical components such as application-specific integrated circuits. Additionally, the Company relies primarily on a limited number of significant independent contract manufacturers and original design manufacturers for the production of its products. The inability of any supplier or manufacturer to fulfill supply requirements of the Company could negatively impact future operating results.
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
600800000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
38400000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
10200000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
629000000.0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
437800000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
37400000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
465700000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
600800000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
38400000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
10200000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
629000000.0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
437800000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
37400000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
465700000 usd
CY2022 jnpr Sale Of Receivable
SaleOfReceivable
50600000 usd
CY2021 jnpr Sale Of Receivable
SaleOfReceivable
31900000 usd
CY2023 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
48000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
93 investment
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
8300000 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
15300000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
45800000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
137700000 usd
CY2023Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
26400000 usd
CY2022Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
36000000.0 usd
CY2023Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
452800000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
630300000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
452800000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
630300000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
0 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
0 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
0 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
89900000 usd
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
0 usd
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
0 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 usd
CY2023Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
54300000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
41500000 usd
CY2021 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
32500000 usd
CY2023Q4 jnpr Receivables From Sale Of Receivables
ReceivablesFromSaleOfReceivables
600000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1068100000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
880100000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1084300000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897700000 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
89900000 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 usd
CY2023 jnpr Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
impairment charges
CY2022 jnpr Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
impairment charges
CY2021 jnpr Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
impairment charges
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
28000000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1601700000 usd
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2189400000 usd
CY2022Q4 jnpr Receivables From Sale Of Receivables
ReceivablesFromSaleOfReceivables
11800000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.22
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.22
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5564500000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7200000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
126700000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
80800000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
125000000.0 usd
CY2023 jnpr Derivative Asset Fair Value Gross Asset Period Increase Decrease
DerivativeAssetFairValueGrossAssetPeriodIncreaseDecrease
-7200000 usd
CY2022 jnpr Derivative Liability Fair Value Gross Liability Period Increase Decrease
DerivativeLiabilityFairValueGrossLiabilityPeriodIncreaseDecrease
-73800000 usd
CY2023Q4 us-gaap Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
133900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
3762100000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-27700000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
3734400000 usd
CY2023 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
3734400000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
28900000 usd
CY2023 jnpr Sharebased Compensation Arrangementby Sharebased Payment Award Offering Period
SharebasedCompensationArrangementbySharebasedPaymentAwardOfferingPeriod
P24M
CY2023Q4 jnpr Share Based Compensation Arrangement By Sharebased Payment Award Number Of Purchase Period
ShareBasedCompensationArrangementBySharebasedPaymentAwardNumberOfPurchasePeriod
4 offeringperiod
CY2023 jnpr Sharebased Compensation Arrangementby Sharebased Payment Award Purchase Period
SharebasedCompensationArrangementbySharebasedPaymentAwardPurchasePeriod
P6M
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1059000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
909300000 usd
CY2023Q4 jnpr Finite Lived Intangible Assets Impairments And Other Charges
FiniteLivedIntangibleAssetsImpairmentsAndOtherCharges
57900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1059000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
840600000 usd
CY2022Q4 jnpr Finite Lived Intangible Assets Impairments And Other Charges
FiniteLivedIntangibleAssetsImpairmentsAndOtherCharges
57900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
160500000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
68700000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
74800000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
79500000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
49200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
39600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3000000.0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91800000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
719000000.0 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
479600000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
299000000.0 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
163300000 usd
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
316400000 usd
CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
434700000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
140900000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
104300000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
134200000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
141000000.0 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
591500000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
680000000.0 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1983000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1922500000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1293100000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1255700000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
689900000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
666800000 usd
CY2023 us-gaap Depreciation
Depreciation
123500000 usd
CY2022 us-gaap Depreciation
Depreciation
137700000 usd
CY2021 us-gaap Depreciation
Depreciation
151000000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
29500000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
33000000.0 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
31900000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
30100000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
32000000.0 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
33600000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
29400000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
29500000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2024900000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1663100000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1130000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1020500000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
894900000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2036800000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1136500000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
679100000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
221200000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
41900000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
28200000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
42400000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
35000000 usd
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
50600000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
19600000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
14900000 usd
CY2023 us-gaap Interest Expense
InterestExpense
80000000.0 usd
CY2022 us-gaap Interest Expense
InterestExpense
58600000 usd
CY2021 us-gaap Interest Expense
InterestExpense
50800000 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
6000000.0 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-11600000 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
4900000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-400000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1500000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-23800000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-49000000.0 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-29500000 usd
CY2023 jnpr Sharebased Compensation Arrangementby Sharebased Payment Award Offering Period
SharebasedCompensationArrangementbySharebasedPaymentAwardOfferingPeriod
P24M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.85
CY2023 jnpr Sharebased Compensation Arrangementby Sharebased Payment Award Purchase Period
SharebasedCompensationArrangementbySharebasedPaymentAwardPurchasePeriod
P6M
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.22
CY2023 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
98000000.0 usd
CY2022 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20200000 usd
CY2021 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
42900000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9600000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
11300000 usd
CY2023Q4 jnpr Debt Instrument Derivative Instruments Fair Value Adjustment
DebtInstrumentDerivativeInstrumentsFairValueAdjustment
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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UnrecognizedTaxBenefits
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CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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5900000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
325900000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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6400000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
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CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
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CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
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CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
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30100000 usd
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1000000.0 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
200000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2023 us-gaap Operating Lease Cost
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46600000 usd
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CY2023 us-gaap Variable Lease Cost
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11900000 usd
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10000000.0 usd
CY2023 us-gaap Lease Cost
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51600000 usd
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53100000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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47100000 usd
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42400000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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13500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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9400000 usd
CY2023Q4 us-gaap Operating Lease Liability
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46400000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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82900000 usd
CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Long Term Debt
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CY2023 jnpr Tax Cuts And Jobs Act Transition Tax For Accumulated Foreign Earnings Liability Term
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P8Y
CY2023Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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179700000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
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false
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CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
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false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
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false

Files In Submission

Name View Source Status
jnpr-20231231_pre.xml Edgar Link unprocessable
jnpr-20231231_lab.xml Edgar Link unprocessable
0001043604-24-000014-index-headers.html Edgar Link pending
0001043604-24-000014-index.html Edgar Link pending
0001043604-24-000014.txt Edgar Link pending
0001043604-24-000014-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jnpr-20231231.htm Edgar Link pending
jnpr-20231231.xsd Edgar Link pending
jnpr-20231231ex211.htm Edgar Link pending
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