2020 Q4 Form 10-K Financial Statement

#000092014821000018 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $4.490B $13.98B $2.953B
YoY Change 52.02% 20.98% 5.95%
Cost Of Revenue $2.585B $9.026B $2.133B
YoY Change 21.2% 8.71% 5.84%
Gross Profit $1.905B $4.953B $820.7M
YoY Change 132.11% 52.28% 6.25%
Gross Profit Margin 42.43% 35.43% 27.79%
Selling, General & Admin $498.2M $1.729B $380.5M
YoY Change 30.93% 6.45% -4.13%
% of Gross Profit 26.15% 34.92% 46.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $183.9M $624.7M $155.8M
YoY Change 18.04% 8.23% 13.14%
% of Gross Profit 9.65% 12.61% 18.98%
Operating Expenses $589.0M $1.729B $444.7M
YoY Change 32.45% 6.45% -1.85%
Operating Profit $1.316B $2.445B $336.4M
YoY Change 291.17% 83.84% 9.33%
Interest Expense -$49.20M $207.4M -$49.70M
YoY Change -1.01% -13.83% -4.05%
% of Operating Profit -3.74% 8.48% -14.77%
Other Income/Expense, Net -$1.300M -$226.3M -$4.800M
YoY Change -72.92% 0.44% -88.41%
Pretax Income $1.243B $1.847B $292.9M
YoY Change 324.27% 135.4% 36.55%
Income Tax $304.1M $662.1M $65.60M
% Of Pretax Income 24.47% 35.86% 22.4%
Net Earnings $938.3M $1.556B $227.1M
YoY Change 313.17% 88.89% 43.83%
Net Earnings / Revenue 20.9% 11.13% 7.69%
Basic Earnings Per Share $15.99 $2.34
Diluted Earnings Per Share $9.545M $15.88 $2.32
COMMON SHARES
Basic Shares Outstanding 97.40M shares 97.30M shares 97.10M shares
Diluted Shares Outstanding 98.00M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.321B $1.321B $338.0M
YoY Change 290.83% 290.83% -20.84%
Cash & Equivalents $1.321B $1.321B $337.5M
Short-Term Investments
Other Short-Term Assets $365.0M $365.0M $374.0M
YoY Change -2.41% -2.41% 21.04%
Inventory $423.2M $423.0M $244.7M
Prepaid Expenses $364.8M $373.7M
Receivables $2.480B $3.017B $1.544B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.125B $5.125B $2.981B
YoY Change 71.92% 71.92% 5.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.730B $2.809B $2.637B
YoY Change 3.53% 3.12% 51.5%
Goodwill $7.752B $7.865B
YoY Change -1.44% 6.86%
Intangibles $3.961B $4.035B
YoY Change -1.82% 3.16%
Long-Term Investments $74.00M $74.00M $85.00M
YoY Change -12.94% -12.94% 39.34%
Other Assets $410.0M $351.0M $435.4M
YoY Change -5.83% -1.68% 57.75%
Total Long-Term Assets $14.95B $14.95B $15.07B
YoY Change -0.79% -0.78% 12.85%
TOTAL ASSETS
Total Short-Term Assets $5.125B $5.125B $2.981B
Total Long-Term Assets $14.95B $14.95B $15.07B
Total Assets $20.07B $20.07B $18.05B
YoY Change 11.22% 11.23% 11.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $638.9M $639.0M $632.3M
YoY Change 1.04% 1.11% -0.36%
Accrued Expenses $1.358B $1.175B $942.4M
YoY Change 44.07% 18.45% 8.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $383.0M $383.0M $424.0M
YoY Change -9.67% -9.67% 4140.0%
Total Short-Term Liabilities $3.079B $3.079B $2.656B
YoY Change 15.92% 15.93% 41.35%
LONG-TERM LIABILITIES
Long-Term Debt $5.419B $5.503B $5.790B
YoY Change -6.4% -6.43% -3.36%
Other Long-Term Liabilities $526.4M $1.204B $383.2M
YoY Change 37.37% 22.86% 14.73%
Total Long-Term Liabilities $5.945B $6.707B $6.173B
YoY Change -3.69% -2.24% -2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.079B $3.079B $2.656B
Total Long-Term Liabilities $5.945B $6.707B $6.173B
Total Liabilities $10.61B $10.71B $10.46B
YoY Change 1.48% 2.22% 13.75%
SHAREHOLDERS EQUITY
Retained Earnings $9.479B $7.904B
YoY Change 19.94% 10.44%
Common Stock $119.3M $35.80M
YoY Change 233.24% -97.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $9.360B $9.360B $7.644B
YoY Change
Total Liabilities & Shareholders Equity $20.07B $20.07B $18.05B
YoY Change 11.22% 11.23% 11.5%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $938.3M $1.556B $227.1M
YoY Change 313.17% 88.89% 43.83%
Depreciation, Depletion And Amortization $183.9M $624.7M $155.8M
YoY Change 18.04% 8.23% 13.14%
Cash From Operating Activities $774.6M $2.135B $569.8M
YoY Change 35.94% 47.8% 17.15%
INVESTING ACTIVITIES
Capital Expenditures -$99.40M $381.7M -$128.2M
YoY Change -22.46% -4.62% 4.91%
Acquisitions $267.6M
YoY Change -69.45%
Other Investing Activities -$28.60M -$261.5M -$23.90M
YoY Change 19.67% -70.38% -3.24%
Cash From Investing Activities -$128.0M -$643.2M -$152.1M
YoY Change -15.84% -49.87% 3.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change -77.78%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M -$517.4M -449.4M
YoY Change -99.78% 104.75% -44.03%
NET CHANGE
Cash From Operating Activities 774.6M $2.135B 569.8M
Cash From Investing Activities -128.0M -$643.2M -152.1M
Cash From Financing Activities -1.000M -$517.4M -449.4M
Net Change In Cash 645.6M $983.3M -31.70M
YoY Change -2136.59% -1201.12% -93.16%
FREE CASH FLOW
Cash From Operating Activities $774.6M $2.135B $569.8M
Capital Expenditures -$99.40M $381.7M -$128.2M
Free Cash Flow $874.0M $1.754B $698.0M
YoY Change 25.21% 67.89% 14.69%

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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2019 us-gaap Comprehensive Income Net Of Tax
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552100000 USD
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48400000 USD
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257900000 USD
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0 USD
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206700000 USD
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0 USD
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CY2019 us-gaap Proceeds From Issuance Of Other Long Term Debt
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151700000 USD
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495000000.0 USD
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151700000 USD
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495000000.0 USD
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CY2020 us-gaap Repayments Of Senior Debt
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CY2019 us-gaap Repayments Of Senior Debt
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CY2018 us-gaap Repayments Of Senior Debt
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400000000.0 USD
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0 USD
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0 USD
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CY2019 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2019 lh Net Proceeds From Issuance Of Stock To Employees
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64700000 USD
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26600000 USD
CY2019 lh Other Financing Cash Flows
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25300000 USD
CY2018 lh Other Financing Cash Flows
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16000000.0 USD
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1800000 USD
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983300000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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110200000 USD
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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426800000 USD
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316600000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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337500000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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426800000 USD
CY2020 lh Cost Method Investments Maximum Ownership Percentage
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0.20
CY2020 us-gaap Goodwill And Intangible Asset Impairment
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462100000 USD
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25400000 USD
CY2020Q2 lh Cares Act Provider Relief Funding
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55900000 USD
CY2020Q3 lh Cares Act Provider Relief Funding
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76200000 USD
CY2020 us-gaap Use Of Estimates
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<div style="margin-bottom:3pt;margin-top:7pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:7pt;margin-top:3pt;text-align:justify;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Significant estimates include implicit price concessions, revenue estimates, the allowances for doubtful accounts, deferred tax assets, fair values of acquired assets and assumed liabilities in business combinations, fair value of goodwill and indefinite-lived intangible assets, amortization lives for acquired intangible assets, and accruals for self-insurance reserves, litigation reserves and pensions. The allowance for doubtful accounts is determined based on historical collections trends, the aging of accounts, current economic conditions and regulatory changes. Actual results could differ from those estimates.</span></div><div style="margin-bottom:7pt;margin-top:3pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The extent to which the COVID-19 pandemic has and will continue to impact the Company’s business and financial results depend on numerous evolving factors including, but not limited to: the magnitude and duration of the COVID-19 pandemic, the impact to worldwide macroeconomic conditions including interest rates, employment rates and health insurance coverage, the speed of the anticipated recovery, and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of December 31, 2020, and through the date of this Annual Report. The accounting matters assessed included, but were not limited to, the Company’s implicit price concessions and credit losses, equity investments, notes receivable and the carrying value of goodwill and other long-lived assets. The Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in additional material impacts to the Company’s consolidated financial statements in future reporting periods</span></div>
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1319400000 USD
CY2019Q4 us-gaap Cash Uninsured Amount
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335000000.0 USD
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109800000 USD
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81400000 USD
CY2020Q4 lh Accountsreceivablefrom Ontariogovernmentsponsoredhealthcareplan
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600000 USD
CY2019Q4 lh Accountsreceivablefrom Ontariogovernmentsponsoredhealthcareplan
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3200000 USD
CY2020Q4 lh Percentofgrossaccountsreceivableduefrompatients
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0.139
CY2019Q4 lh Percentofgrossaccountsreceivableduefrompatients
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0.211
CY2020 us-gaap Net Income Loss
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1556100000 USD
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97300000 shares
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15.99
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823800000 USD
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97900000 shares
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8.42
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883700000 USD
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101400000 shares
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8.71
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700000 shares
CY2019 lh Incremental Common Shares Attributable To Stock Options
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700000 shares
CY2018 lh Incremental Common Shares Attributable To Stock Options
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1200000 shares
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0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
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1556100000 USD
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98000000.0 shares
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15.88
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823800000 USD
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98600000 shares
CY2019 us-gaap Earnings Per Share Diluted
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8.35
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883700000 USD
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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102600000 shares
CY2018 us-gaap Earnings Per Share Diluted
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8.61
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0.2
CY2019 us-gaap Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
0.2
CY2018 us-gaap Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
0.1
CY2020 lh Propertyplantandequipmentusefullifesoftwareminimum
Propertyplantandequipmentusefullifesoftwareminimum
3 Y
CY2020 lh Propertyplantandequipmentusefullifesoftwaremaximum
Propertyplantandequipmentusefullifesoftwaremaximum
10 Y
CY2020 lh Property Plant And Equipment Useful Life Software Average
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5 Y
CY2020Q4 us-gaap Other Inventory Supplies
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403600000 USD
CY2019Q4 us-gaap Other Inventory Supplies
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228300000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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19600000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16400000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
20200000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0.0 USD
CY2020Q4 lh Income Tax Benefit Minimum Certainty Percentage
IncomeTaxBenefitMinimumCertaintyPercentage
0.50
CY2019 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
21200000 USD
CY2020 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2019 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2018 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2020 lh Percent Of Domestic Revenue
PercentOfDomesticRevenue
0.801
CY2019 lh Percent Of Domestic Revenue
PercentOfDomesticRevenue
0.777
CY2018 lh Percent Of Domestic Revenue
PercentOfDomesticRevenue
0.780
CY2020 lh Sales Commission Amortization Period Minimum
SalesCommissionAmortizationPeriodMinimum
P12M
CY2020 lh Sales Commission Amortization Period Maximum
SalesCommissionAmortizationPeriodMaximum
P57M
CY2020Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
32600000 USD
CY2019Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
28600000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
12600000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
14900000 USD
CY2020Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
45200000 USD
CY2019Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
43500000 USD
CY2020 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
23200000 USD
CY2018 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
16900000 USD
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
10100000 USD
CY2019 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
8700000 USD
CY2018 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4400000 USD
CY2020Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
1001500000 USD
CY2019Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
771100000 USD
CY2020Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
548100000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
483700000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
492200000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
449200000 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
262600000 USD
CY2019 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
250200000 USD
CY2020 lh Long Term Contracts Duration Minimum
LongTermContractsDurationMinimum
P1Y
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19000000.0 USD
CY2019Q4 lh Unbilled Services Allowancefor Credit Loss
UnbilledServicesAllowanceforCreditLoss
2300000 USD
CY2019Q4 lh Note Receivable Allowancefor Credit Loss
NoteReceivableAllowanceforCreditLoss
0 USD
CY2019Q4 lh Allowancefor Credit Loss
AllowanceforCreditLoss
21300000 USD
CY2020 lh Current Expected Credit Losses Opening Balance Sheet Impacton Retained Earnings
CurrentExpectedCreditLossesOpeningBalanceSheetImpactonRetainedEarnings
7000000.0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000000.0 USD
CY2020 lh Unbilled Services Credit Loss Expense Reversal
UnbilledServicesCreditLossExpenseReversal
9000000.0 USD
CY2020 lh Note Receivable Credit Loss Expense Reversal
NoteReceivableCreditLossExpenseReversal
700000 USD
CY2020 lh Credit Loss Expense Reversal
CreditLossExpenseReversal
16700000 USD
CY2020 lh Allowancefor Credit Loss Write Off
AllowanceforCreditLossWriteOff
5900000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22100000 USD
CY2020Q4 lh Unbilled Services Allowancefor Credit Loss
UnbilledServicesAllowanceforCreditLoss
11300000 USD
CY2020Q4 lh Note Receivable Allowancefor Credit Loss
NoteReceivableAllowanceforCreditLoss
5700000 USD
CY2020Q4 lh Allowancefor Credit Loss
AllowanceforCreditLoss
39100000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5128400000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4520800000 USD
CY2020Q4 lh Percentofremainingperformanceobligationsrecognizedasrevenueinnextyear
Percentofremainingperformanceobligationsrecognizedasrevenueinnextyear
0.260
CY2020 lh Long Term Contracts Duration Maximum
LongTermContractsDurationMaximum
P8Y
CY2020 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
80900000 USD
CY2019 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
88900000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2019Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12200000 USD
CY2019Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
Totalacquisitionconsiderationcashstocknotesetc.
711000000.0 USD
CY2019Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
Totalacquisitionconsiderationcashstocknotesetc.
711000000.0 USD
CY2019 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
184300000 USD
CY2018 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
7600000 USD
CY2020 lh Net Restructuring Charges
NetRestructuringCharges
40600000 USD
CY2020 us-gaap Severance Costs1
SeveranceCosts1
14100000 USD
CY2020 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
17400000 USD
CY2020 us-gaap Business Exit Costs1
BusinessExitCosts1
18900000 USD
CY2020 lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
600000 USD
CY2020 lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
9200000 USD
CY2019 lh Net Restructuring Charges
NetRestructuringCharges
54600000 USD
CY2019 us-gaap Severance Costs1
SeveranceCosts1
32900000 USD
CY2019 us-gaap Business Exit Costs1
BusinessExitCosts1
24900000 USD
CY2019 lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
1700000 USD
CY2019 lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
1500000 USD
CY2018 lh Net Restructuring Charges
NetRestructuringCharges
48100000 USD
CY2018 us-gaap Severance Costs1
SeveranceCosts1
40300000 USD
CY2018 us-gaap Business Exit Costs1
BusinessExitCosts1
11800000 USD
CY2018 lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
2000000.0 USD
CY2018 lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
2000000.0 USD
CY2018 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2300000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
43600000 USD
CY2019 lh Reclass For Adoption Of Asc842
ReclassForAdoptionOfASC842
32800000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
33100000 USD
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
24700000 USD
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
3200000 USD
CY2019 lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
52000000.0 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
13400000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
33000000.0 USD
CY2020 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
17400000 USD
CY2020 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
9800000 USD
CY2020 lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
46200000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
7800000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5700000 USD
CY2020Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
2100000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
7800000 USD
CY2020 lh Numberofyearsrestructuringliabilitiesexpectedtobepaidoutover
Numberofyearsrestructuringliabilitiesexpectedtobepaidoutover
P4Y10M24D
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P13Y
CY2020Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
215400000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
224000000.0 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11200000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11100000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4700000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6700000 USD
CY2020 us-gaap Lease Cost
LeaseCost
15900000 USD
CY2019 us-gaap Lease Cost
LeaseCost
17800000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
213800000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
227300000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4700000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6700000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
15200000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8900000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
185900000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
132600000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
200000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
789800000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
732800000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
79700000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
87700000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6700000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8400000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
84400000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
91100000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
91100000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
99500000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y10M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.051
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
206100000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12700000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
162900000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
11600000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
119800000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
11400000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
85800000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10500000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
71500000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
7700000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
354800000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
89200000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1000900000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
422400000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
143100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
131300000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
52000000.0 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6700000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
84400000 USD
CY2020 us-gaap Variable Lease Payment
VariableLeasePayment
26700000 USD
CY2019 us-gaap Variable Lease Payment
VariableLeasePayment
20800000 USD
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
358700000 USD
CY2020Q4 lh Canadian Licenses Alberta Canada
CanadianLicensesAlbertaCanada
22400000 USD
CY2020Q4 lh Ah Stransferto Canadian Jv
AHStransfertoCanadianJV
50000000.0 CAD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22100000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19000000.0 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2479800000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1543900000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4932700000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4565300000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2203100000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1928700000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2729600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2636600000 USD
CY2020 lh Software Depreciation
SoftwareDepreciation
84700000 USD
CY2019 lh Software Depreciation
SoftwareDepreciation
90400000 USD
CY2018 lh Software Depreciation
SoftwareDepreciation
92700000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
7865000000.0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
7360300000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
166200000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
494500000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-12600000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
142700000 USD
CY2019 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
22800000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
7751500000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
7865000000.0 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6090100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2129000000.0 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3961100000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5885600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1851100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4034500000 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
462100000 USD
CY2020 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
121300000 USD
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y8M12D
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
275400000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
243200000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
231700000 USD
CY2020 lh Adjustmentstointangiblesthroughamortizationexpense
Adjustmentstointangiblesthroughamortizationexpense
0.0 USD
CY2019 lh Adjustmentstointangiblesthroughamortizationexpense
Adjustmentstointangiblesthroughamortizationexpense
400000 USD
CY2018 lh Adjustmentstointangiblesthroughamortizationexpense
Adjustmentstointangiblesthroughamortizationexpense
4500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
365500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
220800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
217800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
213200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
200800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2160500000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
623200000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
474600000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
374800000 USD
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
156700000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
359700000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
311100000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1357700000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
942400000 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
220500000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
188400000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
89200000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
76700000 USD
CY2020Q4 lh Other Liabilities Noncurrent Other
OtherLiabilitiesNoncurrentOther
216700000 USD
CY2019Q4 lh Other Liabilities Noncurrent Other
OtherLiabilitiesNoncurrentOther
118100000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
526400000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
383200000 USD
CY2020Q4 lh A4.625 Seniornotesdue2020
A4.625Seniornotesdue2020
0 USD
CY2019Q4 lh A4.625 Seniornotesdue2020
A4.625Seniornotesdue2020
413700000 USD
CY2020Q4 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
400000 USD
CY2019Q4 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
700000 USD
CY2020Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2100000 USD
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2200000 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
376700000 USD
CY2019Q4 us-gaap Debt Current
DebtCurrent
415200000 USD
CY2020Q4 lh A3.75 Seniornotesdue2022
A3.75Seniornotesdue2022
500000000.0 USD
CY2019Q4 lh A3.75 Seniornotesdue2022
A3.75Seniornotesdue2022
500000000.0 USD
CY2020Q4 lh A3.20 Seniornotesdue2022
A3.20Seniornotesdue2022
500000000.0 USD
CY2019Q4 lh A3.20 Seniornotesdue2022
A3.20Seniornotesdue2022
500000000.0 USD
CY2020Q4 lh A4.00 Seniornotesdue2023
A4.00Seniornotesdue2023
300000000.0 USD
CY2019Q4 lh A4.00 Seniornotesdue2023
A4.00Seniornotesdue2023
300000000.0 USD
CY2020Q4 lh Seniornotesdue2024
Seniornotesdue2024
600000000.0 USD
CY2019Q4 lh Seniornotesdue2024
Seniornotesdue2024
600000000.0 USD
CY2020Q4 lh A3.60 Seniornotesdue2025
A3.60Seniornotesdue2025
1000000000.0 USD
CY2019Q4 lh A3.60 Seniornotesdue2025
A3.60Seniornotesdue2025
1000000000.0 USD
CY2020Q4 lh Seniornotesdue2027
Seniornotesdue2027
600000000.0 USD
CY2019Q4 lh Seniornotesdue2027
Seniornotesdue2027
600000000.0 USD
CY2020Q4 lh A4.70 Seniornotesdue2045
A4.70Seniornotesdue2045
900000000.0 USD
CY2019Q4 lh A4.70 Seniornotesdue2045
A4.70Seniornotesdue2045
900000000.0 USD
CY2020Q4 lh A2.30seniornotesdue2024
A2.30seniornotesdue2024
400000000.0 USD
CY2019Q4 lh A2.30seniornotesdue2024
A2.30seniornotesdue2024
400000000.0 USD
CY2020Q4 lh A2.95seniornotesdue2029
A2.95seniornotesdue2029
650000000.0 USD
CY2019Q4 lh A2.95seniornotesdue2029
A2.95seniornotesdue2029
650000000.0 USD
CY2020Q4 lh Longtermdebtissuancecosts
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37100000 USD
CY2019Q4 lh Longtermdebtissuancecosts
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42200000 USD
CY2020Q4 us-gaap Long Term Notes Payable
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6100000 USD
CY2019Q4 us-gaap Long Term Notes Payable
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7000000.0 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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5419000000.0 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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5789800000 USD
CY2019Q2 lh A2019 Term Loan
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850000000.0 USD
CY2017Q3 lh A2017 Termloan
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750000000.0 USD
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1000000000.0 USD
CY2014Q4 lh Credit Facility Optionto Increase
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350000000.0 USD
CY2014Q4 lh Credit Facility Maximum Swing Line Borrowings
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100000000.0 USD
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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997000000.0 USD
CY2020Q4 lh Balance Of Senior Notes Mature During Q42020
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412200000 USD
CY2020Q4 lh Gain Recognizedon Exitof Interest Rate Swap Arrangement
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1600000 USD
CY2019Q4 us-gaap Senior Long Term Notes
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1050000000.0 USD
CY2019Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
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348300000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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4000000.0 USD
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376700000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
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1000000000.0 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
300000000.0 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
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1000000000.0 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
1000000000.0 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
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2156100000 USD
CY2020Q4 lh Longtermdebtfutureminimumpaymentsinterestincludedinpayments
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5832800000 USD
CY2020Q4 lh Total Shortand Long Term Debt Issuance Costs
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37100000 USD
CY2020Q4 lh Long Term Debt Excluding Debt Issuance Costs
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5795700000 USD
CY2020Q4 us-gaap Debt Current
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376700000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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5419000000.0 USD
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265000000.0 shares
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0.10
CY2020Q4 us-gaap Preferred Stock Shares Authorized
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30000000.0 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.10
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97200000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
122400000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
125100000 shares
CY2020 lh Commons Stock Issued During Period Shares Employee Stock Plans
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900000 shares
CY2019 lh Commons Stock Issued During Period Shares Employee Stock Plans
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1200000 shares
CY2018 lh Commons Stock Issued During Period Shares Employee Stock Plans
CommonsStockIssuedDuringPeriodSharesEmployeeStockPlans
1600000 shares
CY2020 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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0 shares
CY2019 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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100000 shares
CY2018 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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0 shares
CY2020 us-gaap Treasury Stock Shares Retired
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0 shares
CY2019 us-gaap Treasury Stock Shares Retired
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23600000 shares
CY2018 us-gaap Treasury Stock Shares Retired
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0 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
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600000 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
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2900000 shares
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
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4300000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
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97500000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
97200000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
122400000 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2018Q4 us-gaap Treasury Stock Shares
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23500000 shares
CY2017Q4 us-gaap Treasury Stock Shares
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23200000 shares
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
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0 shares
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
100000 shares
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
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300000 shares
CY2020 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2019 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
23600000 shares
CY2018 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2018Q4 us-gaap Treasury Stock Shares
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23500000 shares
CY2020 us-gaap Stock Repurchased During Period Shares
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600000 shares
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178.85
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100000000.0 USD
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800000000.0 USD
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-389800000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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73300000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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104400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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-22500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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81900000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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5100000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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5100000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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3700000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax
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-3700000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-285400000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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87000000.0 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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264100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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-72900000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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191200000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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0 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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7200000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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7200000 USD
CY2020 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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0 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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12100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax
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-12100000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-21300000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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140600000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1846500000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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61200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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784400000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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937700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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372500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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320500000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
330600000 USD
CY2020 lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
2219100000 USD
CY2019 lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
1104900000 USD
CY2018 lh Income Loss From Continuing Operations Before Income Taxes And Minority Interest
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1268300000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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126700000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
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225800000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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172800000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40200000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
81000000.0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
83900000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
64300000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
709100000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
250800000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
351300000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
38200000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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2500000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
30000000.0 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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5600000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
29200000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
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280000000.0 USD
CY2018 us-gaap Income Tax Expense Benefit
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384400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.053
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.032
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.019
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.040
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2020 lh Effective Income Tax Rate Reconciliation Gilti Impact Percent
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-0.001
CY2019 lh Effective Income Tax Rate Reconciliation Gilti Impact Percent
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0.011
CY2018 lh Effective Income Tax Rate Reconciliation Gilti Impact Percent
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0.010
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0.253
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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45000000.0 USD
CY2018 us-gaap Foreign Earnings Repatriated
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14800000 USD
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30100000 USD
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20000000.0 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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16900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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115600000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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105100000 USD
CY2020Q4 lh Deferred Tax Asset Right Of Use Asset
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187600000 USD
CY2019Q4 lh Deferred Tax Asset Right Of Use Asset
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191400000 USD
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22600000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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9900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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206800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
207100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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126800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
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62900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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679400000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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593300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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167600000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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145400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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CY2019Q4 us-gaap Deferred Tax Assets Net
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447900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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179500000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
177300000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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912500000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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910500000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
203900000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
194600000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
46300000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
57400000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1342200000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1339800000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
830400000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
891900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
145400000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
156900000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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153500000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5800000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
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CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3400000 USD
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16400000 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
11500000 USD
CY2018 us-gaap Valuation Allowances And Reserves Adjustments
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
167600000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
145400000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
156900000 USD
CY2020Q4 lh Federal Tax Loss Carryovers
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185200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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