$LH
LABCORP HOLDINGS INC. Stock $lh

$lh Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000092014821000041 Filed on May 04, 2021

Income Statement

Concept	2021 Q1	2020 Q1	2019 Q3
Revenue	$4.162B	$2.824B	$2.929B
YoY Change	47.37%	1.17%	3.43%
Cost Of Revenue	$2.563B	$2.096B	$2.111B
YoY Change	22.27%	4.71%	3.42%
Gross Profit	$1.599B	$728.0M	$817.3M
YoY Change	119.64%	-7.81%	3.47%
Gross Profit Margin	38.42%	25.78%	27.91%
Selling, General & Admin	$429.8M	$395.5M	$401.5M
YoY Change	8.67%	0.43%	5.16%
% of Gross Profit	26.88%	54.33%	49.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$183.9M	$144.6M	$144.3M
YoY Change	27.18%	6.72%	8.41%
% of Gross Profit	11.5%	19.86%	17.66%
Operating Expenses	$429.8M	$395.5M	$401.5M
YoY Change	8.67%	0.43%	5.16%
Operating Profit	$1.058B	-$192.6M	$339.9M
YoY Change	-649.27%	-160.53%	-1.02%
Interest Expense	$48.50M	$55.00M	$60.50M
YoY Change	-11.82%	-3.0%	1.85%
% of Operating Profit	4.58%		17.8%
Other Income/Expense, Net	-$36.10M	-$75.10M	-$52.50M
YoY Change	-51.93%	18.27%	-133.61%
Pretax Income	$1.022B	-$267.7M	$287.4M
YoY Change	-481.7%	-205.1%	-42.47%
Income Tax	$251.7M	$49.20M	$66.40M
% Of Pretax Income	24.63%		23.1%
Net Earnings	$769.6M	-$317.2M	-$317.2M
YoY Change	-342.62%	-270.91%	-199.5%
Net Earnings / Revenue	18.49%	-11.23%	-10.83%
Basic Earnings Per Share	$7.88	-$3.27	$2.26
Diluted Earnings Per Share	$7.82	-$3.27	$2.25
COMMON SHARES
Basic Shares Outstanding	97.60M shares	97.20M shares	97.60M shares
Diluted Shares Outstanding	98.50M shares	97.20M shares	98.30M shares

Balance Sheet

Concept	2021 Q1	2020 Q1	2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.891B	$324.0M	$361.0M
YoY Change	483.64%	-7.16%	-59.57%
Cash & Equivalents	$1.891B	$323.6M	$361.1M
Short-Term Investments
Other Short-Term Assets	$417.0M	$353.0M	$298.0M
YoY Change	18.13%	11.36%	1.71%
Inventory	$427.5M	$254.0M	$234.9M
Prepaid Expenses	$416.8M	$353.2M	$297.7M
Receivables	$2.324B	$1.482B	$1.617B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$5.638B	$2.891B	$2.988B
YoY Change	95.02%	0.2%	-8.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.697B	$2.610B	$2.463B
YoY Change	3.35%	6.17%	42.01%
Goodwill	$7.721B	$7.389B	$7.815B
YoY Change	4.49%	0.04%	6.15%
Intangibles	$3.834B	$3.905B	$4.021B
YoY Change	-1.82%	0.52%	0.76%
Long-Term Investments	$85.00M	$67.00M	$86.00M
YoY Change	26.87%	0.0%	48.28%
Other Assets	$422.3M	$430.6M	$458.9M
YoY Change	-1.93%	49.41%	91.69%
Total Long-Term Assets	$14.78B	$14.41B	$14.86B
YoY Change	2.58%	2.28%	11.0%
TOTAL ASSETS
Total Short-Term Assets	$5.638B	$2.891B	$2.988B
Total Long-Term Assets	$14.78B	$14.41B	$14.86B
Total Assets	$20.42B	$17.30B	$17.85B
YoY Change	18.03%	1.93%	7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$621.3M	$568.7M	$607.8M
YoY Change	9.25%	-3.97%	22.17%
Accrued Expenses	$1.508B	$828.1M	$830.3M
YoY Change	82.12%	3.86%	-7.9%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$1.000M
YoY Change		-100.0%	-88.89%
Long-Term Debt Due	$508.0M	$426.0M	$510.0M
YoY Change	19.25%	-16.14%	24.69%
Total Short-Term Liabilities	$3.369B	$2.458B	$2.555B
YoY Change	37.05%	-2.73%	21.3%
LONG-TERM LIABILITIES
Long-Term Debt	$4.921B	$5.790B	$6.101B
YoY Change	-15.01%	5.36%	0.94%
Other Long-Term Liabilities	$486.9M	$369.4M	$348.3M
YoY Change	31.81%	20.21%	1.55%
Total Long-Term Liabilities	$5.408B	$6.160B	$6.450B
YoY Change	-12.21%	6.15%	0.97%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.369B	$2.458B	$2.555B
Total Long-Term Liabilities	$5.408B	$6.160B	$6.450B
Total Liabilities	$10.37B	$10.26B	$10.60B
YoY Change	1.12%	4.27%	12.82%
SHAREHOLDERS EQUITY
Retained Earnings	$10.17B	$7.529B	$7.677B
YoY Change	35.1%	3.63%	10.9%
Common Stock	$76.10M	$9.000M	$56.80M
YoY Change	745.56%	-99.36%	-96.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)			$0.00
YoY Change			-100.0%
Treasury Stock Shares
Shareholders Equity	$10.02B	$7.020B	$7.020B
YoY Change
Total Liabilities & Shareholders Equity	$20.42B	$17.30B	$17.85B
YoY Change	18.03%	1.93%	7.12%

Cashflow Statement

Concept	2021 Q1	2020 Q1	2019 Q3
OPERATING ACTIVITIES
Net Income	$769.6M	-$317.2M	-$317.2M
YoY Change	-342.62%	-270.91%	-199.5%
Depreciation, Depletion And Amortization	$183.9M	$144.6M	$144.3M
YoY Change	27.18%	6.72%	8.41%
Cash From Operating Activities	$1.158B	$203.8M	$455.6M
YoY Change	468.01%	22.92%	80.87%
INVESTING ACTIVITIES
Capital Expenditures	$95.40M	$106.6M	-$92.60M
YoY Change	-10.51%	13.16%	-5.41%
Acquisitions	$34.10M	$0.00
YoY Change		-100.0%
Other Investing Activities	-$37.00M	$0.00	-$147.1M
YoY Change		-100.0%	-122.71%
Cash From Investing Activities	-$132.4M	-$106.6M	-$239.7M
YoY Change	24.2%	-24.13%	-143.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$68.50M	$100.0M
YoY Change	-31.5%	-0.1%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$450.1M	-$102.8M	-115.0M
YoY Change	337.84%	-0.39%	-10.78%
NET CHANGE
Cash From Operating Activities	$1.158B	$203.8M	455.6M
Cash From Investing Activities	-$132.4M	-$106.6M	-239.7M
Cash From Financing Activities	-$450.1M	-$102.8M	-115.0M
Net Change In Cash	$570.0M	-$13.90M	100.9M
YoY Change	-4200.72%	-82.18%	-85.01%
FREE CASH FLOW
Cash From Operating Activities	$1.158B	$203.8M	$455.6M
Capital Expenditures	$95.40M	$106.6M	-$92.60M
Free Cash Flow	$1.062B	$97.20M	$548.2M
YoY Change	992.8%	35.75%	56.72%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	21000000.0	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	22100000	USD
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	97800000	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	97500000	shares
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000920148
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	1-11353
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	LABORATORY CORPORATION OF AMERICA HOLDINGS
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	13-3757370
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Burlington,
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NC
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	358 South Main Street
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	27215
CY2021Q1	dei	City Area Code CityAreaCode	336
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	229-1127
CY2021Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.10 par value
CY2021Q1	dei	Trading Symbol TradingSymbol	LH
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	97700000	shares
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1890800000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1320800000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2323500000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2479800000	USD
CY2021Q1	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	579500000	USD
CY2020Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	536800000	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	427500000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	423200000	USD
CY2021Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	416800000	USD
CY2020Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	364800000	USD
CY2021Q1	us-gaap	Assets Current AssetsCurrent	5638100000	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	5125400000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2697000000.0	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2729600000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	7720500000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	7751500000	USD
CY2021Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3834000000.0	USD
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3961100000	USD
CY2021Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	85000000.0	USD
CY2020Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	73500000	USD
CY2021Q1	us-gaap	Deferred Income Taxes And Other Assets Current DeferredIncomeTaxesAndOtherAssetsCurrent	20200000	USD
CY2020Q4	us-gaap	Deferred Income Taxes And Other Assets Current DeferredIncomeTaxesAndOtherAssetsCurrent	20600000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	422300000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	410000000.0	USD
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CY2020Q4	us-gaap	Assets Assets	20071700000	USD
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CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1508100000	USD
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CY2021Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	540300000	USD
CY2020Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	506500000	USD
CY2021Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	191300000	USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	192000000.0	USD
CY2021Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	6300000	USD
CY2020Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	6700000	USD
CY2021Q1	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	501400000	USD
CY2020Q4	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	376700000	USD
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	3368700000	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3078500000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4920900000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5419000000.0	USD
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	657800000	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	677600000	USD
CY2021Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	82700000	USD
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CY2021Q1	lh	Deferred Income Taxes And Other Tax Liabilities DeferredIncomeTaxesAndOtherTaxLiabilities	857700000	USD
CY2020Q4	lh	Deferred Income Taxes And Other Tax Liabilities DeferredIncomeTaxesAndOtherTaxLiabilities	905400000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	486900000	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	526400000	USD
CY2021Q1	us-gaap	Liabilities Liabilities	10374700000	USD
CY2020Q4	us-gaap	Liabilities Liabilities	10691300000	USD
CY2021Q1	lh	Noncontrolling Interest Mezzanine Equity NoncontrollingInterestMezzanineEquity	20900000	USD
CY2020Q4	lh	Noncontrolling Interest Mezzanine Equity NoncontrollingInterestMezzanineEquity	20700000	USD
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	9000000.0	USD
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CY2021Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	67100000	USD
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CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9402300000	USD
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CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	10021500000	USD
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CY2020Q1	us-gaap	Revenues Revenues	2823800000	USD
CY2021Q1	us-gaap	Cost Of Revenue CostOfRevenue	2562500000	USD
CY2020Q1	us-gaap	Cost Of Revenue CostOfRevenue	2095800000	USD
CY2021Q1	us-gaap	Gross Profit GrossProfit	1599000000.0	USD
CY2020Q1	us-gaap	Gross Profit GrossProfit	728000000.0	USD
CY2021Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	429800000	USD
CY2020Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	395500000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	92100000	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	62300000	USD
CY2021Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2020Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	437400000	USD
CY2021Q1	lh	Net Restructuring And Other Special Charges NetRestructuringAndOtherSpecialCharges	19200000	USD
CY2020Q1	lh	Net Restructuring And Other Special Charges NetRestructuringAndOtherSpecialCharges	25400000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1057900000	USD
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CY2021Q1	us-gaap	Interest Expense InterestExpense	48500000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	55000000.0	USD
CY2021Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4500000	USD
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CY2021Q1	us-gaap	Investment Income Net InvestmentIncomeNet	2400000	USD
CY2020Q1	us-gaap	Investment Income Net InvestmentIncomeNet	2600000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5500000	USD
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CY2021Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	1021800000	USD
CY2020Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	-267700000	USD
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CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	7.88
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CY2021Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	800000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	700000	USD
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CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	300000	USD
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	705000000.0	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-462700000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	7567000000.0	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	-317200000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-145500000	USD
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CY2019Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	17900000	USD
CY2019Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	100000000.0	USD
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	7020100000	USD
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CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	769600000	USD
CY2020Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-64600000	USD
CY2020Q3	lh	Issuanceofcommonstockunderemployeeplans Issuanceofcommonstockunderemployeeplans	24700000	USD
CY2020Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	28100000	USD
CY2020Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	28700000	USD
CY2020Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	68500000	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	10021500000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	770100000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-316900000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	183900000	USD
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	144600000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	28700000	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	17900000	USD
CY2021Q1	lh	Depreciation And Amortization Of Leased Assets DepreciationAndAmortizationOfLeasedAssets	48300000	USD
CY2020Q1	lh	Depreciation And Amortization Of Leased Assets DepreciationAndAmortizationOfLeasedAssets	57200000	USD
CY2021Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2020Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	437400000	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-27800000	USD
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5100000	USD
CY2021Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-3200000	USD
CY2020Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	43300000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-146700000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-46700000	USD
CY2021Q1	lh	Increase Decreasein Unbilled Contract Receivable IncreaseDecreaseinUnbilledContractReceivable	42500000	USD
CY2020Q1	lh	Increase Decreasein Unbilled Contract Receivable IncreaseDecreaseinUnbilledContractReceivable	1100000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4700000	USD
CY2020Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	10600000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	51900000	USD
CY2020Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3000000.0	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-16900000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-56500000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	31800000	USD
CY2020Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-11200000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	95100000	USD
CY2020Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-149100000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1157600000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	203800000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	95400000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	106600000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	2600000	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	7000000.0	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	0	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	900000	USD
CY2021Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	5500000	USD
CY2020Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	7900000	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	34100000	USD
CY2020Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-132400000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-106600000	USD
CY2021Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	375000000.0	USD
CY2020Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	0	USD
CY2021Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2020Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	151700000	USD
CY2021Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2020Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	151700000	USD
CY2021Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	28100000	USD
CY2020Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	22000000.0	USD
CY2021Q1	lh	Net Proceeds From Issuance Of Stock To Employees NetProceedsFromIssuanceOfStockToEmployees	24700000	USD
CY2020Q1	lh	Net Proceeds From Issuance Of Stock To Employees NetProceedsFromIssuanceOfStockToEmployees	26900000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	68500000	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	100000000.0	USD
CY2021Q1	lh	Other Financing Cash Flows OtherFinancingCashFlows	3200000	USD
CY2020Q1	lh	Other Financing Cash Flows OtherFinancingCashFlows	7700000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-450100000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-102800000	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-5100000	USD
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-8300000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	570000000.0	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-13900000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1320800000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	337500000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1890800000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	323600000	USD
CY2021Q1	lh	Cost Method Investments Maximum Ownership Percentage CostMethodInvestmentsMaximumOwnershipPercentage	0.200
CY2021Q1	lh	Percentof Revenue Contributed PercentofRevenueContributed	1
CY2020Q1	lh	Percentof Revenue Contributed PercentofRevenueContributed	1
CY2021Q1	lh	Sales Commission Amortization Period Minimum SalesCommissionAmortizationPeriodMinimum	P1Y
CY2021Q1	lh	Sales Commission Amortization Period Maximum SalesCommissionAmortizationPeriodMaximum	P5Y
CY2021Q1	us-gaap	Accrued Sales Commission Current And Noncurrent AccruedSalesCommissionCurrentAndNoncurrent	36000000.0	USD
CY2020Q4	us-gaap	Accrued Sales Commission Current And Noncurrent AccruedSalesCommissionCurrentAndNoncurrent	32600000	USD
CY2021Q1	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	14300000	USD
CY2020Q4	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	12600000	USD
CY2021Q1	us-gaap	Amount Of Deferred Costs Related To Long Term Contracts AmountOfDeferredCostsRelatedToLongTermContracts	50300000	USD
CY2020Q4	us-gaap	Amount Of Deferred Costs Related To Long Term Contracts AmountOfDeferredCostsRelatedToLongTermContracts	45200000	USD
CY2021Q1	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	6900000	USD
CY2020Q1	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	5300000	USD
CY2021Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	3500000	USD
CY2020Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	3000000.0	USD
CY2021Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	579500000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	548100000	USD
CY2021Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	522300000	USD
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	492200000	USD
CY2021Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	152300000	USD
CY2020Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	121800000	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
CY2021Q1	lh	Current Expected Credit Losses Opening Balance Sheet Impacton Retained Earnings CurrentExpectedCreditLossesOpeningBalanceSheetImpactonRetainedEarnings	-500000	USD
CY2021Q1	lh	Allowancefor Credit Loss Write Off AllowanceforCreditLossWriteOff	600000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	21000000.0	USD
CY2021Q1	lh	Unbilled Services Allowancefor Credit Loss UnbilledServicesAllowanceforCreditLoss	11300000	USD
CY2021Q1	lh	Note Receivable Allowancefor Credit Loss NoteReceivableAllowanceforCreditLoss	5700000	USD
CY2021Q1	lh	Allowancefor Credit Loss AllowanceforCreditLoss	38000000.0	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	5563400000	USD
CY2021Q1	lh	Long Term Contracts Duration Minimum LongTermContractsDurationMinimum	P1Y
CY2021Q1	lh	Long Term Contracts Duration Maximum LongTermContractsDurationMaximum	P8Y
CY2021Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	16500000	USD
CY2020Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	9700000	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	34100000	USD
CY2021Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	17600000	USD
CY2021Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	15600000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	769600000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	97600000	shares
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	7.88
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-317200000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	97200000	shares
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.27
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	900000	shares
CY2020Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	769600000	USD
	lh	Unusedfacilityrestructuringreserves Unusedfacilityrestructuringreserves	200000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	98500000	shares
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	7.82
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-317200000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97200000	shares
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.27
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1300000	shares
CY2021Q1	lh	Net Restructuring Charges NetRestructuringCharges	19200000	USD
CY2021Q1	us-gaap	Severance Costs1 SeveranceCosts1	4200000	USD
CY2021Q1	us-gaap	Business Exit Costs1 BusinessExitCosts1	15100000	USD
CY2021Q1	lh	Unusedfacilityrestructuringreserves Unusedfacilityrestructuringreserves	100000	USD
	lh	Net Restructuring Charges NetRestructuringCharges	25400000	USD
	us-gaap	Severance Costs1 SeveranceCosts1	5100000	USD
	us-gaap	Business Exit Costs1 BusinessExitCosts1	15800000	USD
CY2020Q4	us-gaap	Restructuring Reserve RestructuringReserve	7800000	USD
CY2021Q1	us-gaap	Restructuring Charges RestructuringCharges	19300000	USD
CY2021Q1	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	100000	USD
CY2021Q1	lh	Restructuring Reserve Settled With Cash And Other Adjustment RestructuringReserveSettledWithCashAndOtherAdjustment	17700000	USD
CY2021Q1	us-gaap	Restructuring Reserve RestructuringReserve	9300000	USD
CY2021Q1	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	6300000	USD
CY2021Q1	us-gaap	Restructuring Reserve Noncurrent RestructuringReserveNoncurrent	3000000.0	USD
CY2021Q1	us-gaap	Restructuring Reserve RestructuringReserve	9300000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	7751500000	USD
CY2021Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	15600000	USD
CY2021Q1	us-gaap	Goodwill Translation And Purchase Accounting Adjustments GoodwillTranslationAndPurchaseAccountingAdjustments	-46600000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	7720500000	USD
CY2021Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	6041500000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	2207500000	USD
CY2021Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3834000000.0	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
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	92100000	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	62300000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	206900000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	220500000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	217500000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	212900000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	200700000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	2137300000	USD
CY2021Q1	lh	A4.625 Seniornotesdue2020 A4.625Seniornotesdue2020	500000000.0	USD
CY2020Q4	lh	A4.625 Seniornotesdue2020 A4.625Seniornotesdue2020	0	USD
CY2021Q1	lh	A2019 Term Loan A2019TermLoan	0	USD
CY2020Q4	lh	A2019 Term Loan A2019TermLoan	375000000.0	USD
CY2021Q1	lh	Shorttermdebtissuancecosts Shorttermdebtissuancecosts	500000	USD
CY2020Q4	lh	Shorttermdebtissuancecosts Shorttermdebtissuancecosts	400000	USD
CY2021Q1	us-gaap	Notes Payable Current NotesPayableCurrent	1900000	USD
CY2020Q4	us-gaap	Notes Payable Current NotesPayableCurrent	2100000	USD
CY2021Q1	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	501400000	USD
CY2020Q4	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	376700000	USD
CY2021Q1	lh	A2.30seniornotesdue2024 A2.30seniornotesdue2024	400000000.0	USD
CY2020Q4	lh	A2.30seniornotesdue2024 A2.30seniornotesdue2024	400000000.0	USD
CY2021Q1	lh	A2.95seniornotesdue2029 A2.95seniornotesdue2029	650000000.0	USD
CY2020Q4	lh	A2.95seniornotesdue2029 A2.95seniornotesdue2029	650000000.0	USD
CY2021Q1	lh	Longtermdebtissuancecosts Longtermdebtissuancecosts	34900000	USD
CY2020Q4	lh	Longtermdebtissuancecosts Longtermdebtissuancecosts	37100000	USD
CY2021Q1	us-gaap	Notes Payable NotesPayable	5800000	USD
CY2020Q4	us-gaap	Notes Payable NotesPayable	6100000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4920900000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5419000000.0	USD
CY2019Q2	lh	A2019 Term Loan A2019TermLoan	850000000.0	USD
CY2021Q1	lh	A2019 Term Loan A2019TermLoan	0.0	USD
CY2020Q4	lh	A2019 Term Loan A2019TermLoan	375000000.0	USD
CY2021Q1	lh	Credit Facility Maximum Swing Line Borrowings CreditFacilityMaximumSwingLineBorrowings	100000000.0	USD
CY2021Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1000000000.0	USD
CY2021Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	265000000.0	shares
CY2021Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2021Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	30000000.0	shares
CY2021Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.10
CY2021Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2020Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	300000	shares
CY2021Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	731500000	shares
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-21300000	USD
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-140600000	USD
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-161900000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-66800000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax	3000000.0	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-63800000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	0	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	800000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	800000	USD
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-88100000	USD
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-138400000	USD
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-226500000	USD
CY2021Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	0.50
CY2021Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	48900000	USD
CY2020Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	48800000	USD
CY2021Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	46800000	USD
CY2020Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	46700000	USD
CY2021Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	8700000	USD
CY2020Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	8300000	USD
CY2021Q1	lh	Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts	16400000	USD
CY2021Q1	us-gaap	Foreign Currency Contracts Liability Fair Value Disclosure ForeignCurrencyContractsLiabilityFairValueDisclosure	3000000.0	USD
CY2021Q1	us-gaap	Cash Surrender Value Fair Value Disclosure CashSurrenderValueFairValueDisclosure	93000000.0	USD
CY2021Q1	lh	Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability	94300000	USD
CY2021Q1	us-gaap	Contingent Consideration Classified As Equity Fair Value Disclosure ContingentConsiderationClassifiedAsEquityFairValueDisclosure	12800000	USD
CY2020Q4	lh	Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts	16200000	USD
CY2020Q4	us-gaap	Foreign Currency Contract Asset Fair Value Disclosure ForeignCurrencyContractAssetFairValueDisclosure	40400000	USD
CY2020Q4	us-gaap	Cash Surrender Value Fair Value Disclosure CashSurrenderValueFairValueDisclosure	90600000	USD
CY2020Q4	lh	Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability	89200000	USD
CY2020Q4	us-gaap	Contingent Consideration Classified As Equity Fair Value Disclosure ContingentConsiderationClassifiedAsEquityFairValueDisclosure	13900000	USD
CY2021Q1	lh	Contingentconsiderationadjustment Contingentconsiderationadjustment	1100000	USD
CY2021Q1	lh	Numberof Measurement Funds Available For Participant Election NumberofMeasurementFundsAvailableForParticipantElection	16
CY2021Q1	lh	Senior Notes Fair Value SeniorNotesFairValue	5844600000	USD
CY2020Q4	lh	Senior Notes Fair Value SeniorNotesFairValue	6121800000	USD
CY2020Q1	us-gaap	Revenues Revenues	2823800000	USD
CY2021Q1	lh	Interest Paid In Cash InterestPaidInCash	77700000	USD
CY2020Q1	lh	Interest Paid In Cash InterestPaidInCash	80000000.0	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	40800000	USD
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	5800000	USD
CY2021Q1	lh	Decreasein Capital Expenditures Incurredbutnotyet Paid DecreaseinCapitalExpendituresIncurredbutnotyetPaid	4800000	USD
CY2020Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	14000000.0	USD
CY2021Q1	lh	Intercompanyrevenueelimination Intercompanyrevenueelimination	34500000	USD
CY2020Q1	lh	Intercompanyrevenueelimination Intercompanyrevenueelimination	22000000.0	USD
CY2021Q1	us-gaap	Revenues Revenues	4161500000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1057900000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-192600000	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-36100000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-75100000	USD
CY2021Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	1021800000	USD
CY2020Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	-267700000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	251700000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	49200000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	770100000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-316900000	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	500000	USD
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	300000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	769600000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-317200000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-66800000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-147500000	USD
CY2021Q1	lh	A2019 Term Loan A2019TermLoan	0.0	USD

Files In Submission

Name	View Source	Status
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0000920148-21-000041-index.html	Edgar Link	pending
0000920148-21-000041.txt	Edgar Link	pending
0000920148-21-000041-xbrl.zip	Edgar Link	pending
ex311q12021.htm	Edgar Link	pending
ex312q12021.htm	Edgar Link	pending
ex32q12021.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
labcorp-thirdarcreditagree.htm	Edgar Link	pending
lh-20210331.htm	Edgar Link	pending
lh-20210331.xsd	Edgar Link	pending
lh-20210331_cal.xml	Edgar Link	unprocessable
lh-20210331_def.xml	Edgar Link	unprocessable
lh-20210331_htm.xml	Edgar Link	completed
lh-20210331_lab.xml	Edgar Link	unprocessable
lh-20210331_pre.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LH
LABCORP HOLDINGS INC. Stock $lh

2021 Q1 Form 10-Q Financial Statement

#000092014821000041 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LH LABCORP HOLDINGS INC. Stock $lh

2021 Q1 Form 10-Q Financial Statement

#000092014821000041 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LH
LABCORP HOLDINGS INC. Stock $lh