2022 Q1 Form 10-Q Financial Statement

#000005849222000013 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.340B $1.165B
YoY Change 14.94% 9.83%
Cost Of Revenue $1.055B $903.4M
YoY Change 16.78% 9.53%
Gross Profit $267.3M $247.5M
YoY Change 8.0% 12.14%
Gross Profit Margin 19.96% 21.24%
Selling, General & Admin $111.7M $106.3M
YoY Change 5.08% -9.76%
% of Gross Profit 41.79% 42.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.70M $46.10M
YoY Change -0.87% -2.95%
% of Gross Profit 17.1% 18.63%
Operating Expenses $111.7M $106.3M
YoY Change 5.08% -9.76%
Operating Profit $155.6M $141.2M
YoY Change 10.2% 37.22%
Interest Expense $20.70M $19.30M
YoY Change 7.25% -7.66%
% of Operating Profit 13.3% 13.67%
Other Income/Expense, Net
YoY Change
Pretax Income $118.1M $109.3M
YoY Change 8.05% 86.52%
Income Tax $27.70M $21.80M
% Of Pretax Income 23.45% 19.95%
Net Earnings $90.40M $87.50M
YoY Change 3.31% 98.41%
Net Earnings / Revenue 6.75% 7.51%
Basic Earnings Per Share $0.66 $0.64
Diluted Earnings Per Share $0.66 $0.64
COMMON SHARES
Basic Shares Outstanding 136.6M shares 136.0M shares
Diluted Shares Outstanding 136.9M shares 136.3M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $327.3M $333.8M
YoY Change -1.95% -34.01%
Cash & Equivalents $327.3M $333.8M
Short-Term Investments
Other Short-Term Assets $60.00M $50.50M
YoY Change 18.81% -3.81%
Inventory $1.046B $801.8M
Prepaid Expenses
Receivables $666.5M $577.4M
Other Receivables $38.40M $25.50M
Total Short-Term Assets $2.138B $1.789B
YoY Change 19.51% 0.39%
LONG-TERM ASSETS
Property, Plant & Equipment $768.6M $775.3M
YoY Change -0.86% -4.22%
Goodwill $1.446B $1.393B
YoY Change 3.81% 0.08%
Intangibles $688.1M $695.9M
YoY Change -1.12% -6.47%
Long-Term Investments
YoY Change
Other Assets $110.7M $104.0M
YoY Change 6.44% 4.21%
Total Long-Term Assets $3.204B $3.123B
YoY Change 2.6% -2.42%
TOTAL ASSETS
Total Short-Term Assets $2.138B $1.789B
Total Long-Term Assets $3.204B $3.123B
Total Assets $5.342B $4.912B
YoY Change 8.76% -1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $622.0M $536.3M
YoY Change 15.98% 24.98%
Accrued Expenses $279.3M $270.8M
YoY Change 3.14% 10.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $301.3M $50.80M
YoY Change 493.11% -0.78%
Total Short-Term Liabilities $1.351B $995.6M
YoY Change 35.72% 16.49%
LONG-TERM LIABILITIES
Long-Term Debt $1.803B $1.953B
YoY Change -7.67% -19.14%
Other Long-Term Liabilities $146.4M $182.2M
YoY Change -19.65% 14.95%
Total Long-Term Liabilities $2.319B $2.460B
YoY Change -5.72% -14.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.351B $995.6M
Total Long-Term Liabilities $2.319B $2.460B
Total Liabilities $3.670B $3.455B
YoY Change 6.22% -7.69%
SHAREHOLDERS EQUITY
Retained Earnings $3.006B $2.830B
YoY Change 6.22% 3.91%
Common Stock $556.4M $540.0M
YoY Change 3.04% 1.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.848B $1.851B
YoY Change -0.16% -1.18%
Treasury Stock Shares
Shareholders Equity $1.671B $1.456B
YoY Change
Total Liabilities & Shareholders Equity $5.342B $4.912B
YoY Change 8.76% -1.41%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $90.40M $87.50M
YoY Change 3.31% 98.41%
Depreciation, Depletion And Amortization $45.70M $46.10M
YoY Change -0.87% -2.95%
Cash From Operating Activities $39.00M -$10.60M
YoY Change -467.92% -201.92%
INVESTING ACTIVITIES
Capital Expenditures $18.70M $24.00M
YoY Change -22.08% -0.83%
Acquisitions $0.00 $27.30M
YoY Change -100.0%
Other Investing Activities $0.00 -$1.400M
YoY Change -100.0% -79.71%
Cash From Investing Activities -$16.30M -$49.90M
YoY Change -67.33% 188.44%
FINANCING ACTIVITIES
Cash Dividend Paid $56.00M $53.00M
YoY Change 5.66% 0.57%
Common Stock Issuance & Retirement, Net $21.60M $6.700M
YoY Change 222.39% -11.84%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$57.10M $49.10M
YoY Change -216.29% -82.4%
NET CHANGE
Cash From Operating Activities $39.00M -$10.60M
Cash From Investing Activities -$16.30M -$49.90M
Cash From Financing Activities -$57.10M $49.10M
Net Change In Cash -$34.40M -$15.10M
YoY Change 127.81% -105.85%
FREE CASH FLOW
Cash From Operating Activities $39.00M -$10.60M
Capital Expenditures $18.70M $24.00M
Free Cash Flow $20.30M -$34.60M
YoY Change -158.67% 150.72%

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34800000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
58300000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
107200000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1200000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3200000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11400000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12700000 USD
CY2022Q1 leg Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
-8500000 USD
CY2021Q1 leg Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
-1000000.0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39000000.0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10600000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18700000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000000.0 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27300000 USD
CY2022Q1 leg Proceeds From Divestiture Of Businesses And Productive Assets
ProceedsFromDivestitureOfBusinessesAndProductiveAssets
2400000 USD
CY2021Q1 leg Proceeds From Divestiture Of Businesses And Productive Assets
ProceedsFromDivestitureOfBusinessesAndProductiveAssets
0 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1400000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16300000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49900000 USD
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
100000 USD
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
12600000 USD
CY2022Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
21000000.0 USD
CY2021Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
121800000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
56000000.0 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
53000000.0 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000.0 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21600000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8700000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-400000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-400000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57100000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49100000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3700000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34400000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15100000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
361700000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
348900000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327300000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
333800000 USD
CY2022Q1 us-gaap Basis Of Accounting
BasisOfAccounting
INTERIM PRESENTATION<div style="margin-top:5pt;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:5pt;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, 2021 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:9pt;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:5pt;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 participate in trade receivables sales programs in combination with certain customers and third-party banking institutions. 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 $35.0 of trade receivables that were sold and removed from our Consolidated Condensed Balance Sheets at March 31, 2022 and December 31, 2021, respectively.</span></div><div style="margin-top:5pt;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 associated with the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $130.0 at both March 31, 2022 and December 31, 2021.</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While we utilize the above items as tools in our cash flow management, and offer them as options to facilitate customer and vendor operating cycles, if there were to be a cessation of these programs, we do not expect it would materially impact our operating cash flows or liquidity.</span></div>
CY2022Q1 leg Accounts Receivable Trade Percentage Of Face Value Interest Sold
AccountsReceivableTradePercentageOfFaceValueInterestSold
1
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
40000000.0 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
35000000.0 USD
CY2021Q4 leg Accounts Payable Third Party Programs
AccountsPayableThirdPartyPrograms
130000000.0 USD
CY2022Q1 leg Accounts Payable Third Party Programs
AccountsPayableThirdPartyPrograms
130000000.0 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1322300000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150900000 USD
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Revenues
Revenues
1339500000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
137600000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45700000 USD
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
CY2022Q1 us-gaap Assets
Assets
5341800000 USD
CY2021Q4 us-gaap Assets
Assets
5307300000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
90400000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
87500000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
90400000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
87500000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136600000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136000000.0 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136900000 shares
CY2021Q4 leg Customer Related Notes Receivable Gross Current
CustomerRelatedNotesReceivableGrossCurrent
700000 USD
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136300000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
682500000 USD
CY2022Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
0 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
634200000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
0 USD
CY2022Q1 leg Customer Related Notes Receivable Gross Current
CustomerRelatedNotesReceivableGrossCurrent
400000 USD
CY2022Q1 leg Customer Related Notes Receivable Gross Noncurrent
CustomerRelatedNotesReceivableGrossNoncurrent
100000 USD
CY2021Q4 leg Customer Related Notes Receivable Gross Noncurrent
CustomerRelatedNotesReceivableGrossNoncurrent
200000 USD
CY2022Q1 leg Trade Receivable Gross Current
TradeReceivableGrossCurrent
682900000 USD
CY2022Q1 leg Trade Receivable Gross Noncurrent
TradeReceivableGrossNoncurrent
100000 USD
CY2021Q4 leg Trade Receivable Gross Current
TradeReceivableGrossCurrent
634900000 USD
CY2021Q4 leg Trade Receivable Gross Noncurrent
TradeReceivableGrossNoncurrent
200000 USD
CY2022Q1 leg Other Notes Receivable Current
OtherNotesReceivableCurrent
0 USD
CY2022Q1 leg Other Notes Receivable Noncurrent
OtherNotesReceivableNoncurrent
23000000.0 USD
CY2021Q4 leg Other Notes Receivable Current
OtherNotesReceivableCurrent
700000 USD
CY2021Q4 leg Other Notes Receivable Noncurrent
OtherNotesReceivableNoncurrent
22500000 USD
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
29500000 USD
CY2022Q1 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
0 USD
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
18800000 USD
CY2021Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
0 USD
CY2022Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
8900000 USD
CY2022Q1 leg Other Receivables Gross Noncurrent
OtherReceivablesGrossNoncurrent
0 USD
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
12000000.0 USD
CY2021Q4 leg Other Receivables Gross Noncurrent
OtherReceivablesGrossNoncurrent
0 USD
CY2022Q1 leg Other Receivables Total Gross Current
OtherReceivablesTotalGrossCurrent
38400000 USD
CY2022Q1 leg Other Receivables Total Gross Noncurrent
OtherReceivablesTotalGrossNoncurrent
23000000.0 USD
CY2021Q4 leg Other Receivables Total Gross Current
OtherReceivablesTotalGrossCurrent
31500000 USD
CY2021Q4 leg Other Receivables Total Gross Noncurrent
OtherReceivablesTotalGrossNoncurrent
22500000 USD
CY2022Q1 leg Receivables Gross Current
ReceivablesGrossCurrent
721300000 USD
CY2022Q1 leg Receivables Gross Noncurrent
ReceivablesGrossNoncurrent
23100000 USD
CY2021Q4 leg Receivables Gross Current
ReceivablesGrossCurrent
666400000 USD
CY2021Q4 leg Receivables Gross Noncurrent
ReceivablesGrossNoncurrent
22700000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16400000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
14900000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0 USD
CY2022Q1 leg Allowance For Customer Related Notes Receivable Current
AllowanceForCustomerRelatedNotesReceivableCurrent
0 USD
CY2022Q1 leg Allowance For Customer Related Notes Receivable Noncurrent
AllowanceForCustomerRelatedNotesReceivableNoncurrent
100000 USD
CY2021Q4 leg Allowance For Customer Related Notes Receivable Current
AllowanceForCustomerRelatedNotesReceivableCurrent
0 USD
CY2021Q4 leg Allowance For Customer Related Notes Receivable Noncurrent
AllowanceForCustomerRelatedNotesReceivableNoncurrent
100000 USD
CY2022Q1 leg Allowance For Trade Receivable Current
AllowanceForTradeReceivableCurrent
16400000 USD
CY2022Q1 leg Allowance For Trade Receivable Noncurrent
AllowanceForTradeReceivableNoncurrent
100000 USD
CY2021Q4 leg Allowance For Trade Receivable Current
AllowanceForTradeReceivableCurrent
14900000 USD
CY2021Q4 leg Allowance For Trade Receivable Noncurrent
AllowanceForTradeReceivableNoncurrent
100000 USD
CY2022Q1 leg Allowance For Other Notes Receivable Current
AllowanceForOtherNotesReceivableCurrent
0 USD
CY2022Q1 leg Allowance For Other Notes Receivable Noncurrent
AllowanceForOtherNotesReceivableNoncurrent
21800000 USD
CY2021Q4 leg Allowance For Other Notes Receivable Current
AllowanceForOtherNotesReceivableCurrent
0 USD
CY2021Q4 leg Allowance For Other Notes Receivable Noncurrent
AllowanceForOtherNotesReceivableNoncurrent
22000000.0 USD
CY2022Q1 leg Total Allowance For Doubtful Accounts Current
TotalAllowanceForDoubtfulAccountsCurrent
16400000 USD
CY2022Q1 leg Total Allowance For Doubtful Accounts Noncurrent
TotalAllowanceForDoubtfulAccountsNoncurrent
21900000 USD
CY2021Q4 leg Total Allowance For Doubtful Accounts Current
TotalAllowanceForDoubtfulAccountsCurrent
14900000 USD
CY2021Q4 leg Total Allowance For Doubtful Accounts Noncurrent
TotalAllowanceForDoubtfulAccountsNoncurrent
22100000 USD
CY2022Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
704900000 USD
CY2022Q1 leg Receivables Net Noncurrent
ReceivablesNetNoncurrent
1200000 USD
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
651500000 USD
CY2021Q4 leg Receivables Net Noncurrent
ReceivablesNetNoncurrent
600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
37000000.0 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1400000 USD
CY2022Q1 leg Allowance For Doubtful Accounts Write Offs Against Allowance Net Of Recoveriesand Other
AllowanceForDoubtfulAccountsWriteOffsAgainstAllowanceNetOfRecoveriesandOther
-100000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
38300000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3200000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 USD
CY2021Q1 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
0 USD
CY2022Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquisition
CY2021Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 acquisition
CY2022Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquisition
CY2021Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 acquisition
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
462900000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
429100000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
91900000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
66900000 USD
CY2022Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
491000000.0 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
497200000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
1045800000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
993200000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
3000000.0 USD
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1300000 USD
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 USD
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1700000 USD
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3300000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3100000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-700000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1300000 USD
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
400000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
900000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1648600000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
90400000 USD
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
56100000 USD
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
21600000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
5700000 USD
CY2022Q1 leg Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustment Excluding Portion Attributableto Noncontrolling Interest Netof Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentExcludingPortionAttributabletoNoncontrollingInterestNetofTax
-8800000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1000000.0 USD
CY2022Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
900000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11300000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1671400000 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
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-6400000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-500000 USD
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3000000.0 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 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
CY2022Q1 leg Fixed Rate Debt Amount Greater Less Than Carrying Value Net
FixedRateDebtAmountGreaterLessThanCarryingValueNet
-20000000.0 USD
CY2022Q1 leg Fixed Rate Debt Carrying Value
FixedRateDebtCarryingValue
2082900000 USD
CY2021Q4 leg Fixed Rate Debt Amount Greater Less Than Carrying Value Net
FixedRateDebtAmountGreaterLessThanCarryingValueNet
130000000.0 USD
CY2021Q4 leg Fixed Rate Debt Carrying Value
FixedRateDebtCarryingValue
2082300000 USD
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1600000 USD
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1100000 USD
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3000000.0 USD

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