2019 Q4 Form 10-Q Financial Statement

#000092014819000092 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $2.953B $2.929B $2.831B
YoY Change 5.95% 3.43% 8.01%
Cost Of Revenue $2.133B $2.111B $2.041B
YoY Change 5.84% 3.42% 11.11%
Gross Profit $820.7M $817.3M $789.9M
YoY Change 6.25% 3.47% 0.73%
Gross Profit Margin 27.79% 27.91% 27.9%
Selling, General & Admin $380.5M $401.5M $381.8M
YoY Change -4.13% 5.16% 0.13%
% of Gross Profit 46.36% 49.13% 48.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $155.8M $144.3M $133.1M
YoY Change 13.14% 8.41% 0.0%
% of Gross Profit 18.98% 17.66% 16.85%
Operating Expenses $444.7M $401.5M $381.8M
YoY Change -1.85% 5.16% 0.13%
Operating Profit $336.4M $339.9M $343.4M
YoY Change 9.33% -1.02% 5.11%
Interest Expense -$49.70M $60.50M $59.40M
YoY Change -4.05% 1.85% -0.83%
% of Operating Profit -14.77% 17.8% 17.3%
Other Income/Expense, Net -$4.800M -$52.50M $156.2M
YoY Change -88.41% -133.61% -360.77%
Pretax Income $292.9M $287.4M $499.6M
YoY Change 36.55% -42.47% 87.26%
Income Tax $65.60M $66.40M $180.6M
% Of Pretax Income 22.4% 23.1% 36.15%
Net Earnings $227.1M -$317.2M $318.8M
YoY Change 43.83% -199.5% 85.89%
Net Earnings / Revenue 7.69% -10.83% 11.26%
Basic Earnings Per Share $2.34 $2.26 $3.14
Diluted Earnings Per Share $2.32 $2.25 $3.10
COMMON SHARES
Basic Shares Outstanding 97.10M shares 97.60M shares 101.6M shares
Diluted Shares Outstanding 98.30M shares 102.7M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $338.0M $361.0M $893.0M
YoY Change -20.84% -59.57% 118.34%
Cash & Equivalents $337.5M $361.1M $892.6M
Short-Term Investments
Other Short-Term Assets $374.0M $298.0M $293.0M
YoY Change 21.04% 1.71% -34.89%
Inventory $244.7M $234.9M $233.0M
Prepaid Expenses $373.7M $297.7M $292.5M
Receivables $1.544B $1.617B $1.536B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.981B $2.988B $3.274B
YoY Change 5.14% -8.75% 12.88%
LONG-TERM ASSETS
Property, Plant & Equipment $2.637B $2.463B $1.734B
YoY Change 51.5% 42.01% -0.11%
Goodwill $7.865B $7.815B $7.363B
YoY Change 6.86% 6.15% 0.51%
Intangibles $4.035B $4.021B $3.991B
YoY Change 3.16% 0.76% -9.61%
Long-Term Investments $85.00M $86.00M $58.00M
YoY Change 39.34% 48.28% -10.77%
Other Assets $435.4M $458.9M $239.4M
YoY Change 57.75% 91.69% -3.39%
Total Long-Term Assets $15.07B $14.86B $13.39B
YoY Change 12.85% 11.0% -2.93%
TOTAL ASSETS
Total Short-Term Assets $2.981B $2.988B $3.274B
Total Long-Term Assets $15.07B $14.86B $13.39B
Total Assets $18.05B $17.85B $16.66B
YoY Change 11.5% 7.12% -0.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $632.3M $607.8M $497.5M
YoY Change -0.36% 22.17% -16.44%
Accrued Expenses $942.4M $830.3M $901.5M
YoY Change 8.32% -7.9% 47.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.000M $9.000M
YoY Change -100.0% -88.89% -10.0%
Long-Term Debt Due $424.0M $510.0M $409.0M
YoY Change 4140.0% 24.69% 5012.5%
Total Short-Term Liabilities $2.656B $2.555B $2.106B
YoY Change 41.35% 21.3% 37.02%
LONG-TERM LIABILITIES
Long-Term Debt $5.790B $6.101B $6.045B
YoY Change -3.36% 0.94% -16.05%
Other Long-Term Liabilities $383.2M $348.3M $343.0M
YoY Change 14.73% 1.55% -14.97%
Total Long-Term Liabilities $6.173B $6.450B $6.388B
YoY Change -2.4% 0.97% -15.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.656B $2.555B $2.106B
Total Long-Term Liabilities $6.173B $6.450B $6.388B
Total Liabilities $10.46B $10.60B $9.393B
YoY Change 13.75% 12.82% -10.87%
SHAREHOLDERS EQUITY
Retained Earnings $7.904B $7.677B $6.922B
YoY Change 10.44% 10.9% 25.46%
Common Stock $35.80M $56.80M $1.840B
YoY Change -97.55% -96.91% -8.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $1.106B
YoY Change -100.0% -100.0% 4.45%
Treasury Stock Shares 0.000 shares
Shareholders Equity $7.644B $7.020B $7.248B
YoY Change
Total Liabilities & Shareholders Equity $18.05B $17.85B $16.66B
YoY Change 11.5% 7.12% -0.18%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $227.1M -$317.2M $318.8M
YoY Change 43.83% -199.5% 85.89%
Depreciation, Depletion And Amortization $155.8M $144.3M $133.1M
YoY Change 13.14% 8.41% 0.0%
Cash From Operating Activities $569.8M $455.6M $251.9M
YoY Change 17.15% 80.87% -36.5%
INVESTING ACTIVITIES
Capital Expenditures -$128.2M -$92.60M -$97.90M
YoY Change 4.91% -5.41% 30.01%
Acquisitions
YoY Change
Other Investing Activities -$23.90M -$147.1M $647.8M
YoY Change -3.24% -122.71% -152.32%
Cash From Investing Activities -$152.1M -$239.7M $549.9M
YoY Change 3.54% -143.59% -141.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -449.4M -115.0M -128.9M
YoY Change -44.03% -10.78% -112.65%
NET CHANGE
Cash From Operating Activities 569.8M 455.6M 251.9M
Cash From Investing Activities -152.1M -239.7M 549.9M
Cash From Financing Activities -449.4M -115.0M -128.9M
Net Change In Cash -31.70M 100.9M 672.9M
YoY Change -93.16% -85.01% 561.0%
FREE CASH FLOW
Cash From Operating Activities $569.8M $455.6M $251.9M
Capital Expenditures -$128.2M -$92.60M -$97.90M
Free Cash Flow $698.0M $548.2M $349.8M
YoY Change 14.69% 56.72% -25.89%

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CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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130700000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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318200000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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558500000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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651600000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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300000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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900000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax
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130400000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
318000000.0 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
557600000 USD
us-gaap Comprehensive Income Net Of Tax
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651700000 USD
CY2017Q4 us-gaap Stockholders Equity
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6804100000 USD
CY2018Q1 us-gaap Net Income Loss
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52500000 USD
CY2018Q1 lh Issuanceofcommonstockunderemployeeplans
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28400000 USD
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25000000.0 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25800000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Value
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CY2018Q2 lh Issuanceofcommonstockforacquisitionconsideration
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14600000 USD
CY2018Q2 lh Issuanceofcommonstockunderemployeeplans
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CY2018Q2 lh Conversionofconvertibledebt
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26200000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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-75000000.0 USD
CY2018Q2 us-gaap Stockholders Equity
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CY2018Q3 us-gaap Net Income Loss
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24400000 USD
CY2018Q3 lh Issuanceofcommonstockunderemployeeplans
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1100000 USD
CY2018Q3 lh Conversion Of Zero Coupon Convertible Debt
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300000 USD
CY2018Q3 lh Conversion Of Zero Coupon Convertible Debt
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300000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18800000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Value
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150000000.0 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
7248100000 USD
CY2018Q4 us-gaap Stockholders Equity
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6971400000 USD
CY2019Q1 us-gaap Net Income Loss
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185600000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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23600000 USD
CY2019Q1 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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24700000 USD
CY2019Q1 lh Issuanceofcommonstockunderemployeeplans
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19400000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25500000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
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100100000 USD
CY2019Q1 us-gaap Stockholders Equity
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7111300000 USD
CY2019Q2 us-gaap Net Income Loss
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190400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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27600000 USD
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9200000 USD
CY2019Q2 lh Issuanceofcommonstockunderemployeeplans
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20700000 USD
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26500000 USD
CY2019Q2 us-gaap Treasury Stock Retired Cost Method Amount
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CY2019Q2 us-gaap Stock Repurchased During Period Value
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199900000 USD
CY2019Q2 us-gaap Stockholders Equity
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25100000 USD
CY2019Q3 lh Issuanceofcommonstockunderemployeeplans
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300000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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31500000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
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100000000.0 USD
CY2019Q3 us-gaap Stockholders Equity
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7231100000 USD
us-gaap Profit Loss
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597600000 USD
us-gaap Profit Loss
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725700000 USD
us-gaap Depreciation Depletion And Amortization
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421400000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
414400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
83500000 USD
us-gaap Share Based Compensation
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70800000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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3800000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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1900000 USD
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us-gaap Gain Loss On Disposition Of Assets1
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209400000 USD
lh Contingentconsiderationadjustment
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lh Contingentconsiderationadjustment
Contingentconsiderationadjustment
0 USD
lh Accreted Interest On Zero Coupon Subordinated Notes
AccretedInterestOnZeroCouponSubordinatedNotes
0 USD
lh Accreted Interest On Zero Coupon Subordinated Notes
AccretedInterestOnZeroCouponSubordinatedNotes
100000 USD
lh Depreciation And Amortization Of Leased Assets
DepreciationAndAmortizationOfLeasedAssets
144100000 USD
lh Depreciation And Amortization Of Leased Assets
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0 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
5300000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23300000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12100000 USD
us-gaap Increase Decrease In Accounts Receivable
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144300000 USD
us-gaap Increase Decrease In Accounts Receivable
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8500000 USD
us-gaap Increase Decrease In Unbilled Receivables
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59500000 USD
us-gaap Increase Decrease In Unbilled Receivables
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5500000 USD
us-gaap Increase Decrease In Inventories
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14500000 USD
us-gaap Increase Decrease In Inventories
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8800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-5800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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40100000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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38800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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874900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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819000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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272000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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257600000 USD
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5800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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50100000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
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9400000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
us-gaap Increase Decrease In Assets Held For Sale
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0 USD
us-gaap Increase Decrease In Assets Held For Sale
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us-gaap Payments To Acquire Equity Method Investments
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21300000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
14300000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
852900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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79100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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353600000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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850000000.0 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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0 USD
us-gaap Repayments Of Other Long Term Debt
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250000000.0 USD
us-gaap Repayments Of Other Long Term Debt
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295000000.0 USD
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473000000.0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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449200000 USD
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lh Payments On Zero Coupon Subordinated Notes
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Of Dividends Minority Interest
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lh Deferred Payments On Acquisitions
DeferredPaymentsOnAcquisitions
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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10900000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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6800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
40400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
46200000 USD
lh Net Proceeds From Issuance Of Stock To Employees
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59000000.0 USD
lh Net Proceeds From Issuance Of Stock To Employees
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67400000 USD
us-gaap Payments For Repurchase Of Common Stock
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400000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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196700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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576000000.0 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
426800000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
316600000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
361100000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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lh Cost Method Investments Maximum Ownership Percentage
CostMethodInvestmentsMaximumOwnershipPercentage
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CY2018 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
44400000 USD
CY2019Q3 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2018Q3 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
lh Percentof Revenue Contributed
PercentofRevenueContributed
1
lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2019Q3 us-gaap Accrued Sales Commission Current And Noncurrent
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CY2018Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
24200000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
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CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
12900000 USD
CY2019Q3 us-gaap Deferred Sales Commission
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42800000 USD
CY2018Q4 us-gaap Deferred Sales Commission
DeferredSalesCommission
37100000 USD
CY2019Q3 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
5800000 USD
CY2018Q3 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
4200000 USD
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
15300000 USD
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
12800000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2300000 USD
CY2018Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
800000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
6100000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3300000 USD
CY2019Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
479300000 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
396900000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
400200000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
354100000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
232800000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
144800000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4310700000 USD
CY2019Q3 lh Percentofremainingperformanceobligationsrecognizedasrevenueinnextyear
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0.36
CY2019Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
67700000 USD
CY2018Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
20500000 USD
CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
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110000000.0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
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711000000.0 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
Totalacquisitionconsiderationcashstocknotesetc.
711000000.0 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2018Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
3000000.0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
8400000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
209400000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
220700000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97600000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.26
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
318800000 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101600000 shares
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.14
us-gaap Net Income Loss
NetIncomeLoss
596700000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98100000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.08
us-gaap Net Income Loss
NetIncomeLoss
725800000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101800000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.13
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000 shares
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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220700000 USD
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98300000 shares
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
318800000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102700000 shares
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.10
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
596700000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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98800000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.04
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
725800000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103100000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.04
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
lh Net Restructuring Charges
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48400000 USD
us-gaap Severance Costs1
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26200000 USD
us-gaap Business Exit Costs1
BusinessExitCosts1
22000000.0 USD
lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
400000 USD
lh Unusedfacilityrestructuringreserves
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lh Net Restructuring Charges
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36500000 USD
us-gaap Severance Costs1
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30000000.0 USD
us-gaap Business Exit Costs1
BusinessExitCosts1
8800000 USD
lh Unusedfacilityrestructuringreserves
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1200000 USD
lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
1100000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
43600000 USD
lh Asc842 Lease Adoption Implementation Impact
ASC842LeaseAdoptionImplementationImpact
32800000 USD
us-gaap Restructuring Charges
RestructuringCharges
34600000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-200000 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
13600000 USD
lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
44400000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
14800000 USD
CY2019Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
11100000 USD
CY2019Q3 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
3700000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
14800000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
7360300000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
540000000.0 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
12600000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-72400000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
7815300000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5798200000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1776900000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4021300000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5515900000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1604800000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3911100000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61700000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
179000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
175500000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
54100000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
237900000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
231100000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
225100000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
221400000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2580300000 USD
CY2019Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2019Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
58900000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
169700000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000.0 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6500000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1600000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4800000 USD
CY2019Q3 us-gaap Lease Cost
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3600000 USD
us-gaap Lease Cost
LeaseCost
11300000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
174300000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4800000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
50800000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
200000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
732800000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
681100000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
202100000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
530700000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
85600000 USD
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8300000 USD
CY2019Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
92800000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
101100000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P16Y6M
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.053
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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181800000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
146300000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
13800000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
105200000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
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12000000.0 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
77700000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10800000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
57400000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10700000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
277500000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
107200000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
845900000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
158100000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
113100000 USD
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
57000000.0 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
732800000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
101100000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1500000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
7400000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
5100000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
14300000 USD
CY2019Q3 lh Leasesnotyetcommenced
Leasesnotyetcommenced
20
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
191100000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
8600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
145400000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
8000000.0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
107000000.0 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6700000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
80900000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6000000.0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
61500000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
155600000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
23100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
100000000.0 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
291500000 USD
CY2019Q3 us-gaap Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
1400000 USD
CY2018Q4 us-gaap Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
8700000 USD
CY2019Q3 lh Seniornotesdue2018
Seniornotesdue2018
500000000.0 USD
CY2018Q4 lh Seniornotesdue2018
Seniornotesdue2018
0 USD
CY2019Q3 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
200000 USD
CY2018Q4 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
500000 USD
CY2019Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1400000 USD
CY2018Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1800000 USD
CY2019Q3 us-gaap Debt Current
DebtCurrent
502600000 USD
CY2018Q4 us-gaap Debt Current
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10000000.0 USD
CY2019Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2018Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
0 USD
CY2019Q3 lh Longtermdebtissuancecosts
Longtermdebtissuancecosts
35500000 USD
CY2018Q4 lh Longtermdebtissuancecosts
Longtermdebtissuancecosts
40200000 USD
CY2019Q3 us-gaap Notes Payable
NotesPayable
5700000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
7200000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6101300000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5990900000 USD
CY2019Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.02298
CY2018Q4 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
3100000 USD
CY2019Q3 lh Number Of Days Used To Establish Average Market Price Of Zero Coupon Subordinated Notes
NumberOfDaysUsedToEstablishAverageMarketPriceOfZeroCouponSubordinatedNotes
five
lh Principal Amount At Maturity Of Zero Coupon Subordinated Notes Converted
PrincipalAmountAtMaturityOfZeroCouponSubordinatedNotesConverted
7700000 USD
lh Value Of Cash And Common Stock In Connection With Conversions Of Zero Coupon Subordinated Notes Settled In Current Period
ValueOfCashAndCommonStockInConnectionWithConversionsOfZeroCouponSubordinatedNotesSettledInCurrentPeriod
14500000 USD
lh Issued Price From Issuance Of Zero Coupon Subordinated Notes
IssuedPriceFromIssuanceOfZeroCouponSubordinatedNotes
7300000 USD
lh Taxbenefitrealizeduponconversionofzerocouponconvertibledebt
Taxbenefitrealizeduponconversionofzerocouponconvertibledebt
1700000 USD
us-gaap Repayments Of Other Long Term Debt
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250000000.0 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000.0 USD
CY2014Q4 lh Credit Facility Optionto Increase
CreditFacilityOptiontoIncrease
350000000.0 USD
CY2014Q4 lh Credit Facility Maximum Swing Line Borrowings
CreditFacilityMaximumSwingLineBorrowings
100000000.0 USD
CY2019Q3 lh Amount Outstanding Letters Of Credit
AmountOutstandingLettersOfCredit
72400000 USD
CY2019Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
927600000 USD
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
265000000.0 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000.0 shares
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98900000 shares
lh Commons Stock Issued During Period Shares Employee Stock Plans
CommonsStockIssuedDuringPeriodSharesEmployeeStockPlans
1200000 shares
lh Restricted Stock Awards And Performance Shares Surrenderedshareamount
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100000 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2600000 shares
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
97400000 shares
CY2018Q4 lh Common Stock Repurchase Authorization Outstanding
CommonStockRepurchaseAuthorizationOutstanding
443500000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
800000 shares
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
131.71
CY2019Q1 us-gaap Treasury Stock Carrying Basis
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100100000 USD
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
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1250000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1800000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
162.80
CY2019Q3 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
299900000 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
950000000.0 shares
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
8700000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
2400000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2400000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-435200000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-67000000.0 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.50
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18000000.0 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18000000.0 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8700000 USD
CY2019Q3 lh Non Elective Contribution
NonElectiveContribution
0.03
CY2019Q3 lh Discretionary Contribution Percentage Maximum
DiscretionaryContributionPercentageMaximum
0.03
CY2019Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
13700000 USD
CY2018Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17300000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
50700000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
49100000 USD
CY2019Q3 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.045
CY2019Q3 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
56800000 USD
CY2019Q3 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
15500000 USD
us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
22800000 USD
CY2019Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
20000000.0 USD
CY2019Q3 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
4100000 USD
CY2019Q3 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
4100000 USD
CY2019Q3 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
75900000 USD
CY2019Q3 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
72300000 USD
CY2019Q3 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
72300000 USD
CY2019Q3 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
6200000 USD
CY2019Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
22000000.0 USD
CY2018Q4 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
15000000.0 USD
CY2018Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
2800000 USD
CY2018Q4 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
3100000 USD
CY2018Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
63500000 USD
CY2018Q4 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
64200000 USD
CY2018Q4 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
64200000 USD
CY2018Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
18600000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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1500000 USD
lh Contingentconsiderationadjustment
Contingentconsiderationadjustment
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CY2019Q3 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
1800000 USD
CY2018Q4 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
16900000 USD
CY2019Q3 lh Senior Notes Fair Value
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5763900000 USD
CY2018Q4 lh Senior Notes Fair Value
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5318000000.0 USD
CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
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110000000.0 USD
CY2019Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.02298
CY2019Q3 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
4100000 USD
CY2018Q4 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
3100000 USD
CY2018Q4 lh A4.625 Seniornotesdue2020
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597000000.0 USD
CY2019Q3 us-gaap Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
4100000 USD
CY2018Q4 us-gaap Fair Value Hedge Liabilities At Fair Value
FairValueHedgeLiabilitiesAtFairValue
3100000 USD
CY2019Q3 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
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18800000 USD
CY2019Q3 lh Minimum Percentage Market To Calculated Price At Which Contingent Cash Interest Is Due
MinimumPercentageMarketToCalculatedPriceAtWhichContingentCashInterestIsDue
1.20
CY2019Q3 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Net
EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
0 USD
CY2019Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
0 USD
lh Interest Paid In Cash
InterestPaidInCash
216500000 USD
lh Interest Paid In Cash
InterestPaidInCash
276300000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
181600000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
235000000.0 USD
lh Conversion Of Zero Coupon Convertible Debt
ConversionOfZeroCouponConvertibleDebt
1700000 USD
lh Conversion Of Zero Coupon Convertible Debt
ConversionOfZeroCouponConvertibleDebt
300000 USD
lh Decreasein Capital Expenditures Incurredbutnotyet Paid
DecreaseinCapitalExpendituresIncurredbutnotyetPaid
15900000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6900000 USD
CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
CY2018Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
0 USD
CY2019Q3 lh Intercompanyrevenueelimination
Intercompanyrevenueelimination
6100000 USD
CY2018Q3 lh Intercompanyrevenueelimination
Intercompanyrevenueelimination
2200000 USD
lh Intercompanyrevenueelimination
Intercompanyrevenueelimination
17100000 USD
lh Intercompanyrevenueelimination
Intercompanyrevenueelimination
4500000 USD
CY2019Q3 us-gaap Revenues
Revenues
2928500000 USD
CY2018Q3 us-gaap Revenues
Revenues
2831300000 USD
us-gaap Revenues
Revenues
8601400000 USD
us-gaap Revenues
Revenues
8545900000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
339900000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
343400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
993800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1018000000.0 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-52500000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
156200000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-181800000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
35800000 USD
CY2019Q3 lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
287400000 USD
CY2018Q3 lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
499600000 USD
lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
812000000.0 USD
lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
1053800000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66400000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
328100000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
221000000.0 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
319000000.0 USD
us-gaap Profit Loss
ProfitLoss
597600000 USD
us-gaap Profit Loss
ProfitLoss
725700000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
900000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
220700000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
318800000 USD
us-gaap Net Income Loss
NetIncomeLoss
596700000 USD
us-gaap Net Income Loss
NetIncomeLoss
725800000 USD

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