2021 Q1 Form 10-Q Financial Statement

#000005849221000015 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.165B $1.061B
YoY Change 9.83% -9.35%
Cost Of Revenue $903.4M $824.8M
YoY Change 9.53% -10.55%
Gross Profit $247.5M $220.7M
YoY Change 12.14% -5.72%
Gross Profit Margin 21.24% 20.8%
Selling, General & Admin $106.3M $117.8M
YoY Change -9.76% -0.67%
% of Gross Profit 42.95% 53.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.10M $47.50M
YoY Change -2.95% 2.59%
% of Gross Profit 18.63% 21.52%
Operating Expenses $106.3M $117.8M
YoY Change -9.76% -0.67%
Operating Profit $141.2M $102.9M
YoY Change 37.22% -10.91%
Interest Expense $19.30M $20.90M
YoY Change -7.66% -2.34%
% of Operating Profit 13.67% 20.31%
Other Income/Expense, Net
YoY Change
Pretax Income $109.3M $58.60M
YoY Change 86.52% -26.1%
Income Tax $21.80M $14.50M
% Of Pretax Income 19.95% 24.74%
Net Earnings $87.50M $44.10M
YoY Change 98.41% -29.1%
Net Earnings / Revenue 7.51% 4.16%
Basic Earnings Per Share $0.64 $0.33
Diluted Earnings Per Share $0.64 $0.33
COMMON SHARES
Basic Shares Outstanding 136.0M shares 135.4M shares
Diluted Shares Outstanding 136.3M shares 135.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $333.8M $505.8M
YoY Change -34.01% 92.1%
Cash & Equivalents $333.8M $505.8M
Short-Term Investments
Other Short-Term Assets $50.50M $52.50M
YoY Change -3.81% -2.05%
Inventory $801.8M $655.5M
Prepaid Expenses
Receivables $577.4M $546.0M
Other Receivables $25.50M $22.20M
Total Short-Term Assets $1.789B $1.782B
YoY Change 0.39% 16.98%
LONG-TERM ASSETS
Property, Plant & Equipment $775.3M $809.5M
YoY Change -4.22% 11.9%
Goodwill $1.393B $1.391B
YoY Change 0.08% -0.29%
Intangibles $695.9M $744.0M
YoY Change -6.47% -7.91%
Long-Term Investments
YoY Change
Other Assets $104.0M $99.80M
YoY Change 4.21% -18.99%
Total Long-Term Assets $3.123B $3.200B
YoY Change -2.42% 60.43%
TOTAL ASSETS
Total Short-Term Assets $1.789B $1.782B
Total Long-Term Assets $3.123B $3.200B
Total Assets $4.912B $4.982B
YoY Change -1.41% 41.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $536.3M $429.1M
YoY Change 24.98% -0.49%
Accrued Expenses $270.8M $244.0M
YoY Change 10.98% -6.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $50.80M $51.20M
YoY Change -0.78% -3.03%
Total Short-Term Liabilities $995.6M $854.7M
YoY Change 16.49% -1.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.953B $2.415B
YoY Change -19.14% 0.08%
Other Long-Term Liabilities $182.2M $158.5M
YoY Change 14.95% 7.97%
Total Long-Term Liabilities $2.460B $2.889B
YoY Change -14.85% 90.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $995.6M $854.7M
Total Long-Term Liabilities $2.460B $2.889B
Total Liabilities $3.455B $3.743B
YoY Change -7.69% 57.29%
SHAREHOLDERS EQUITY
Retained Earnings $2.830B $2.724B
YoY Change 3.91% 5435.57%
Common Stock $540.0M $533.5M
YoY Change 1.22% 1.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.851B $1.874B
YoY Change -1.18% -0.96%
Treasury Stock Shares
Shareholders Equity $1.456B $1.238B
YoY Change
Total Liabilities & Shareholders Equity $4.912B $4.982B
YoY Change -1.41% 41.62%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $87.50M $44.10M
YoY Change 98.41% -29.1%
Depreciation, Depletion And Amortization $46.10M $47.50M
YoY Change -2.95% 2.59%
Cash From Operating Activities -$10.60M $10.40M
YoY Change -201.92% -66.88%
INVESTING ACTIVITIES
Capital Expenditures $24.00M $24.20M
YoY Change -0.83% -23.9%
Acquisitions $27.30M $0.00
YoY Change -100.0%
Other Investing Activities -$1.400M -$6.900M
YoY Change -79.71% -727.27%
Cash From Investing Activities -$49.90M -$17.30M
YoY Change 188.44% -98.65%
FINANCING ACTIVITIES
Cash Dividend Paid $53.00M $52.70M
YoY Change 0.57% 6.25%
Common Stock Issuance & Retirement, Net $6.700M $7.600M
YoY Change -11.84% 280.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $49.10M $279.0M
YoY Change -82.4% -77.44%
NET CHANGE
Cash From Operating Activities -$10.60M $10.40M
Cash From Investing Activities -$49.90M -$17.30M
Cash From Financing Activities $49.10M $279.0M
Net Change In Cash -$15.10M $258.2M
YoY Change -105.85% -5479.17%
FREE CASH FLOW
Cash From Operating Activities -$10.60M $10.40M
Capital Expenditures $24.00M $24.20M
Free Cash Flow -$34.60M -$13.80M
YoY Change 150.72% 3350.0%

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4500000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7800000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
34800000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
7100000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
107200000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
33000000.0 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3200000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3400000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12700000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-27800000 USD
CY2021Q1 leg Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
-1000000.0 USD
CY2020Q1 leg Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
-36800000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10600000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10400000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000000.0 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24200000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27300000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1400000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6900000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49900000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17300000 USD
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
12600000 USD
CY2020Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
12500000 USD
CY2021Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
121800000 USD
CY2020Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
352600000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
53000000.0 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
52700000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000.0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
600000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8700000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8200000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-400000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-800000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49100000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
279000000.0 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3700000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13900000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15100000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
258200000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
348900000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247600000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
333800000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
505800000 USD
CY2021Q1 us-gaap Basis Of Accounting
BasisOfAccounting
INTERIM PRESENTATION<div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The interim financial statements of Leggett &amp; Platt, Incorporated (we, us, or our) included herein have not been audited by an independent registered public accounting firm. The statements include all adjustments, including normal recurring accruals, which management considers necessary for a fair statement of our financial position and operating results for the periods presented. We have prepared the statements pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such rules and regulations. The operating results for interim periods are not necessarily indicative of results to be expected for an entire year.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The December 31, 2020 financial position data included herein was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Accounts Receivable and Accounts Payable Programs</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have participated in trade receivables sales programs with third-party banking institutions and trade receivables sales programs that have been implemented by certain of our customers the last few years. Under each of these programs, we sell our entire interest in the trade receivable for 100% of face value, less a discount. Because control of the sold receivable is transferred to the buyer at the time of sale, accounts receivable balances sold are removed from the Consolidated Condensed Balance Sheets and the related proceeds are reported as cash provided by operating activities in the Consolidated Condensed Statements of Cash Flows. We had approximately $40.0 and $45.0 of trade receivables that were sold and removed from our Consolidated Condensed Balance Sheets at March 31, 2021 and December 31, 2020, respectively.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We sometimes utilize third-party programs that allow our suppliers to be paid earlier at a discount. While these programs assist us in negotiating payment terms with our suppliers, we continue to make payments based on our customary terms. A vendor can elect to take payment from a third party earlier with a discount, and in that case, we pay the third party on the original due date of the invoice. Contracts with our suppliers are negotiated independently of supplier participation in the programs, and we cannot increase payment terms pursuant to the programs. The accounts payable, which remain on our Consolidated Condensed Balance Sheets, settled through the third-party programs, were approximately $105.0 at March 31, 2021 and December 31, 2020.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Change in Accounting Methodology</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of January 1, 2021, we changed our method for valuing certain inventories (primarily domestic steel-related inventories) to the first-in, first-out (FIFO) cost method from the last-in, first-out (LIFO) cost method. The effects of this change have been retrospectively applied to all periods presented. See </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#ie727e7561e49482599dcc41d20518818_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 10</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information.</span></div>
CY2021Q1 leg Accounts Receivable Trade Percentage Of Face Value Interest Sold
AccountsReceivableTradePercentageOfFaceValueInterestSold
1
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
40000000.0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
45000000.0 USD
CY2020Q4 leg Accounts Payable Third Party Programs
AccountsPayableThirdPartyPrograms
105000000.0 USD
CY2021Q1 leg Accounts Payable Third Party Programs
AccountsPayableThirdPartyPrograms
105000000.0 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150900000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1045500000 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Revenues
Revenues
1165400000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
127700000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
46100000 USD
CY2020Q1 us-gaap Revenues
Revenues
1061100000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
78600000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
47500000 USD
CY2021Q1 us-gaap Assets
Assets
4911600000 USD
CY2020Q4 us-gaap Assets
Assets
4800000000.0 USD
CY2020Q1 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
3500000 USD
CY2021Q1 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
87500000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
44100000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
87500000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
44100000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136000000.0 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135400000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135600000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
592200000 USD
CY2021Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
0 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
553500000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
0 USD
CY2021Q1 leg Customer Related Notes Receivable Gross Current
CustomerRelatedNotesReceivableGrossCurrent
1100000 USD
CY2021Q1 leg Customer Related Notes Receivable Gross Noncurrent
CustomerRelatedNotesReceivableGrossNoncurrent
400000 USD
CY2020Q4 leg Customer Related Notes Receivable Gross Current
CustomerRelatedNotesReceivableGrossCurrent
900000 USD
CY2020Q4 leg Customer Related Notes Receivable Gross Noncurrent
CustomerRelatedNotesReceivableGrossNoncurrent
300000 USD
CY2021Q1 leg Trade Receivable Gross Current
TradeReceivableGrossCurrent
593300000 USD
CY2021Q1 leg Trade Receivable Gross Noncurrent
TradeReceivableGrossNoncurrent
400000 USD
CY2020Q4 leg Trade Receivable Gross Current
TradeReceivableGrossCurrent
554400000 USD
CY2020Q4 leg Trade Receivable Gross Noncurrent
TradeReceivableGrossNoncurrent
300000 USD
CY2021Q1 leg Other Notes Receivable Current
OtherNotesReceivableCurrent
0 USD
CY2021Q1 leg Other Notes Receivable Noncurrent
OtherNotesReceivableNoncurrent
22600000 USD
CY2020Q4 leg Other Notes Receivable Current
OtherNotesReceivableCurrent
0 USD
CY2020Q4 leg Other Notes Receivable Noncurrent
OtherNotesReceivableNoncurrent
22800000 USD
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
16900000 USD
CY2021Q1 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
0 USD
CY2020Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
14800000 USD
CY2020Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
0 USD
CY2021Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
8600000 USD
CY2021Q1 leg Other Receivables Gross Noncurrent
OtherReceivablesGrossNoncurrent
0 USD
CY2020Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
13600000 USD
CY2020Q4 leg Other Receivables Gross Noncurrent
OtherReceivablesGrossNoncurrent
0 USD
CY2021Q1 leg Other Receivables Total Gross Current
OtherReceivablesTotalGrossCurrent
25500000 USD
CY2021Q1 leg Other Receivables Total Gross Noncurrent
OtherReceivablesTotalGrossNoncurrent
22600000 USD
CY2020Q4 leg Other Receivables Total Gross Current
OtherReceivablesTotalGrossCurrent
28400000 USD
CY2020Q4 leg Other Receivables Total Gross Noncurrent
OtherReceivablesTotalGrossNoncurrent
22800000 USD
CY2021Q1 leg Receivables Gross Current
ReceivablesGrossCurrent
618800000 USD
CY2021Q1 leg Receivables Gross Noncurrent
ReceivablesGrossNoncurrent
23000000.0 USD
CY2020Q4 leg Receivables Gross Current
ReceivablesGrossCurrent
582800000 USD
CY2020Q4 leg Receivables Gross Noncurrent
ReceivablesGrossNoncurrent
23100000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15800000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
19200000 USD
CY2021Q1 leg Allowance For Customer Related Notes Receivable Current
AllowanceForCustomerRelatedNotesReceivableCurrent
100000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0 USD
CY2021Q1 leg Allowance For Customer Related Notes Receivable Noncurrent
AllowanceForCustomerRelatedNotesReceivableNoncurrent
100000 USD
CY2020Q4 leg Allowance For Customer Related Notes Receivable Current
AllowanceForCustomerRelatedNotesReceivableCurrent
0 USD
CY2020Q4 leg Allowance For Customer Related Notes Receivable Noncurrent
AllowanceForCustomerRelatedNotesReceivableNoncurrent
0 USD
CY2021Q1 leg Allowance For Trade Receivable Current
AllowanceForTradeReceivableCurrent
15900000 USD
CY2021Q1 leg Allowance For Trade Receivable Noncurrent
AllowanceForTradeReceivableNoncurrent
100000 USD
CY2020Q4 leg Allowance For Trade Receivable Current
AllowanceForTradeReceivableCurrent
19200000 USD
CY2020Q4 leg Allowance For Trade Receivable Noncurrent
AllowanceForTradeReceivableNoncurrent
0 USD
CY2021Q1 leg Allowance For Other Notes Receivable Current
AllowanceForOtherNotesReceivableCurrent
0 USD
CY2021Q1 leg Allowance For Other Notes Receivable Noncurrent
AllowanceForOtherNotesReceivableNoncurrent
22600000 USD
CY2020Q4 leg Allowance For Other Notes Receivable Current
AllowanceForOtherNotesReceivableCurrent
0 USD
CY2020Q4 leg Allowance For Other Notes Receivable Noncurrent
AllowanceForOtherNotesReceivableNoncurrent
22800000 USD
CY2021Q1 leg Total Allowance For Doubtful Accounts Current
TotalAllowanceForDoubtfulAccountsCurrent
15900000 USD
CY2021Q1 leg Total Allowance For Doubtful Accounts Noncurrent
TotalAllowanceForDoubtfulAccountsNoncurrent
22700000 USD
CY2020Q4 leg Total Allowance For Doubtful Accounts Current
TotalAllowanceForDoubtfulAccountsCurrent
19200000 USD
CY2021Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2020Q4 leg Total Allowance For Doubtful Accounts Noncurrent
TotalAllowanceForDoubtfulAccountsNoncurrent
22800000 USD
CY2021Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
602900000 USD
CY2021Q1 leg Receivables Net Noncurrent
ReceivablesNetNoncurrent
300000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
563600000 USD
CY2020Q4 leg Receivables Net Noncurrent
ReceivablesNetNoncurrent
300000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
42000000.0 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3300000 USD
CY2021Q1 leg Allowance For Doubtful Accounts Write Offs Against Allowance Net Of Recoveriesand Other
AllowanceForDoubtfulAccountsWriteOffsAgainstAllowanceNetOfRecoveriesandOther
-100000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
38600000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3900000 USD
CY2021Q1 leg Fixed Rate Debt Amount Greater Less Than Carrying Value Net
FixedRateDebtAmountGreaterLessThanCarryingValueNet
130000000.0 USD
CY2021Q1 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
0 USD
CY2021Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 acquisition
CY2020Q4 leg Fixed Rate Debt Carrying Value
FixedRateDebtCarryingValue
1587600000 USD
CY2020Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 segment
CY2021Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 acquisition
CY2021Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
27300000 USD
CY2021Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6300000 USD
CY2020Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquisition
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
343700000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
302300000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
57200000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
47100000 USD
CY2021Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
400900000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
342100000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
801800000 USD
CY2021Q1 leg Fixed Rate Debt Carrying Value
FixedRateDebtCarryingValue
1588100000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
691500000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
4000000.0 USD
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 USD
CY2020Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1100000 USD
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2020Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1900000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3100000 USD
CY2020Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000.0 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1300000 USD
CY2020Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1000000.0 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
900000 USD
CY2020Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1000000.0 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1425100000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
87500000 USD
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
53400000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8900000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3300000 USD
CY2021Q1 leg Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustment Excluding Portion Attributableto Noncontrolling Interest Netof Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentExcludingPortionAttributabletoNoncontrollingInterestNetofTax
-14300000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
800000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15000000.0 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1456200000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1341900000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
44100000 USD
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
52800000 USD
CY2020Q4 leg Fixed Rate Debt Amount Greater Less Than Carrying Value Net
FixedRateDebtAmountGreaterLessThanCarryingValueNet
170000000.0 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8400000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2500000 USD
CY2020Q1 leg Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustment Excluding Portion Attributableto Noncontrolling Interest Netof Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentExcludingPortionAttributabletoNoncontrollingInterestNetofTax
-65500000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-6300000 USD
CY2020Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1200000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12200000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1266400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-12500000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
800000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
700000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-72500000 USD
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
1300000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-600000 USD
CY2020Q1 leg Other Comprehensive Income Loss Netof Tax Attributableto Noncontrolling Interest
OtherComprehensiveIncomeLossNetofTaxAttributabletoNoncontrollingInterest
100000 USD
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1100000 USD
CY2020Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5100000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
700000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
200000 USD
CY2020Q1 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
100000 USD
CY2021Q1 leg Loss Contingency Accrual Foreign Currency Translation Gain Loss
LossContingencyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2020Q1 leg Loss Contingency Accrual Foreign Currency Translation Gain Loss
LossContingencyAccrualForeignCurrencyTranslationGainLoss
-100000 USD
CY2021Q1 leg Proceeds From Payments For Legal Settlements
ProceedsFromPaymentsForLegalSettlements
0 USD
CY2020Q1 leg Proceeds From Payments For Legal Settlements
ProceedsFromPaymentsForLegalSettlements
-100000 USD
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
700000 USD
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
600000 USD
CY2021Q1 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
10600000 USD
CY2021Q1 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
10600000 USD

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