$LH
LABCORP HOLDINGS INC. Stock $lh

$lh Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000092014824000032 Filed on April 30, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$3.221B	$3.177B
YoY Change	6.17%	-15.92%
Cost Of Revenue	$2.295B	$2.279B
YoY Change	4.7%	-18.69%
Gross Profit	$926.4M	$897.3M
YoY Change	10.0%	-7.94%
Gross Profit Margin	28.76%	28.25%
Selling, General & Admin	$557.8M	$508.4M
YoY Change	10.28%	-8.16%
% of Gross Profit	60.21%	56.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$156.9M	$154.5M
YoY Change	31.74%	-6.87%
% of Gross Profit	16.94%	17.22%
Operating Expenses	$557.8M	$508.4M
YoY Change	10.28%	-18.38%
Operating Profit	$294.8M	$321.3M
YoY Change	10.7%	-8.67%
Interest Expense	$47.60M	$46.90M
YoY Change	-4.42%	-192.69%
% of Operating Profit	16.15%	14.6%
Other Income/Expense, Net	$19.50M	$20.00M
YoY Change	-215.38%	-258.73%
Pretax Income	$267.7M	$297.4M
YoY Change	30.59%	7.06%
Income Tax	$62.10M	$69.10M
% Of Pretax Income	23.2%	23.23%
Net Earnings	$205.3M	$228.0M
YoY Change	8.68%	7.09%
Net Earnings / Revenue	6.37%	7.18%
Basic Earnings Per Share	$2.44	$2.71
Diluted Earnings Per Share	$2.43	$2.69
COMMON SHARES
Basic Shares Outstanding	84.29M shares	84.10M shares
Diluted Shares Outstanding	84.30M shares	84.70M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$265.1M	$99.30M
YoY Change	-86.27%	-74.79%
Cash & Equivalents	$265.1M	$99.30M
Short-Term Investments
Other Short-Term Assets	$618.0M	$678.1M
YoY Change	-6.35%	-11.91%
Inventory	$441.8M	$475.0M
Prepaid Expenses	$618.0M	$678.1M
Receivables	$2.089B	$2.084B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.571B	$3.457B
YoY Change	-30.26%	-26.38%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.933B	$2.898B
YoY Change	6.17%	-1.57%
Goodwill	$6.220B	$6.219B
YoY Change	0.61%	-23.37%
Intangibles	$3.332B	$3.394B
YoY Change	5.64%	-13.25%
Long-Term Investments	$17.50M	$17.70M
YoY Change	-73.96%	-73.1%
Other Assets	$638.8M	$546.0M
YoY Change	50.02%	16.97%
Total Long-Term Assets	$13.14B	$13.07B
YoY Change	4.31%	-15.68%
TOTAL ASSETS
Total Short-Term Assets	$3.571B	$3.457B
Total Long-Term Assets	$13.14B	$13.07B
Total Assets	$16.71B	$16.53B
YoY Change	-5.68%	-18.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$760.6M	$695.5M
YoY Change	6.66%	-21.03%
Accrued Expenses	$707.5M	$649.3M
YoY Change	7.56%	-41.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.026B	$2.048B
YoY Change	558.07%	565.98%
Total Short-Term Liabilities	$4.065B	$3.942B
YoY Change	86.17%	36.59%
LONG-TERM LIABILITIES
Long-Term Debt	$3.047B	$3.048B
YoY Change	-39.57%	-40.64%
Other Long-Term Liabilities	$483.9M	$468.2M
YoY Change	15.63%	-56.72%
Total Long-Term Liabilities	$3.531B	$3.516B
YoY Change	-35.34%	-43.44%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.065B	$3.942B
Total Long-Term Liabilities	$3.531B	$3.516B
Total Liabilities	$8.692B	$8.556B
YoY Change	-2.49%	-13.21%
SHAREHOLDERS EQUITY
Retained Earnings	$8.178B	$8.055B
YoY Change	-7.45%	-24.93%
Common Stock	$20.20M	$89.70M
YoY Change	-80.29%	60.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$8.006B	$7.960B
YoY Change
Total Liabilities & Shareholders Equity	$16.71B	$16.53B
YoY Change	-5.68%	-18.16%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$205.3M	$228.0M
YoY Change	8.68%	7.09%
Depreciation, Depletion And Amortization	$156.9M	$154.5M
YoY Change	31.74%	-6.87%
Cash From Operating Activities	$561.1M	-$29.80M
YoY Change	59.68%	-124.59%
INVESTING ACTIVITIES
Capital Expenditures	$128.2M	$133.8M
YoY Change	46.35%	42.49%
Acquisitions		$259.2M
YoY Change		-129700.0%
Other Investing Activities	-$56.80M	-$259.3M
YoY Change	-65.78%	4370.69%
Cash From Investing Activities	-$185.0M	-$393.1M
YoY Change	-27.05%	294.28%
FINANCING ACTIVITIES
Cash Dividend Paid		$62.10M
YoY Change		-3.57%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-210.0M	-$11.70M
YoY Change	-113.59%	-80.69%
NET CHANGE
Cash From Operating Activities	561.1M	-$29.80M
Cash From Investing Activities	-185.0M	-$393.1M
Cash From Financing Activities	-210.0M	-$11.70M
Net Change In Cash	166.1M	-$437.5M
YoY Change	-89.89%	1018.93%
FREE CASH FLOW
Cash From Operating Activities	$561.1M	-$29.80M
Capital Expenditures	$128.2M	$133.8M
Free Cash Flow	$432.9M	-$163.6M
YoY Change	64.1%	-699.27%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000920148
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	0
CY2023Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	0.05
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.69
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	2279300000	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	2187700000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	897300000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	850100000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	508400000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	457200000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	60100000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	53400000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2500000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2200000	usd
CY2024Q1	lh	Net Restructuring And Other Special Charges NetRestructuringAndOtherSpecialCharges	5000000.0	usd
CY2023Q1	lh	Net Restructuring And Other Special Charges NetRestructuringAndOtherSpecialCharges	7500000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	321300000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	329800000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	46900000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	50700000	usd
CY2024Q1	us-gaap	Investment Income Net InvestmentIncomeNet	2900000	usd
CY2023Q1	us-gaap	Investment Income Net InvestmentIncomeNet	2200000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	100000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-2100000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	20000000.0	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-6900000	usd
CY2024Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	297400000	usd
CY2023Q1	lh	Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest	272300000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	69100000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	63900000	usd
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CY2023Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	208400000	usd
CY2024Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	228300000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	213300000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	300000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	400000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	228000000.0	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	212900000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	2.71
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	2.35
CY2024Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	0
CY2023Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	0.06
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.71
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.41
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	2.69
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	2.34
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.39
CY2024Q1	us-gaap	Profit Loss ProfitLoss	228300000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	213300000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-124300000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	48100000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	2400000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	-1200000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-126700000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	49300000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-600000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	300000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-126100000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	49000000.0	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	102200000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	262300000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	300000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	400000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	101900000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	261900000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	49000000.0	usd
CY2023Q1	us-gaap	Dividends Dividends	64700000	usd
CY2023Q1	lh	Issuanceofcommonstockunderemployeeplans Issuanceofcommonstockunderemployeeplans	27600000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	20500000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	40600000	usd
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CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	7875000000	usd
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CY2024Q1	us-gaap	Dividends Dividends	60900000	usd
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CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	31600000	usd
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CY2023Q1	us-gaap	Profit Loss ProfitLoss	213300000	usd
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CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	31600000	usd
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CY2024Q1	lh	Depreciation And Amortization Of Leased Assets DepreciationAndAmortizationOfLeasedAssets	44100000	usd
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CY2024Q1	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	2500000	usd
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CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-19500000	usd
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CY2024Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-3000000.0	usd
CY2023Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	9600000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	187100000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	108400000	usd
CY2024Q1	lh	Increase Decreasein Unbilled Contract Receivable IncreaseDecreaseinUnbilledContractReceivable	-63900000	usd
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CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	600000	usd
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CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	57500000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-121100000	usd
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CY2023Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	100000	usd
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CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	14700000	usd
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CY2024Q1	lh	Net Proceeds From Issuance Of Stock To Employees NetProceedsFromIssuanceOfStockToEmployees	26700000	usd
CY2023Q1	lh	Net Proceeds From Issuance Of Stock To Employees NetProceedsFromIssuanceOfStockToEmployees	27600000	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	62100000	usd
CY2023Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	64400000	usd
CY2024Q1	lh	Other Financing Cash Flows OtherFinancingCashFlows	4000000.0	usd
CY2023Q1	lh	Other Financing Cash Flows OtherFinancingCashFlows	3300000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-11700000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-60600000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-2900000	usd
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CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-437500000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-36100000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	536800000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	430000000.0	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	99300000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	294800000	usd
CY2024Q1	lh	Cost Method Investments Maximum Ownership Percentage CostMethodInvestmentsMaximumOwnershipPercentage	0.200
CY2023Q2	lh	Disposal Group Including Discontinued Operation Fortrea Senior Notes DisposalGroupIncludingDiscontinuedOperationFortreaSeniorNotes	570000000.0	usd
CY2023Q2	lh	Disposal Group Including Discontinued Operation Fortrea Senior Notes Interest Rate DisposalGroupIncludingDiscontinuedOperationFortreaSeniorNotesInterestRate	0.07500
CY2024Q1	lh	Disposal Group Including Discontinued Operation Fortrea Distribution DisposalGroupIncludingDiscontinuedOperationFortreaDistribution	1600000000	usd
CY2023Q2	lh	Disposal Group Including Discontinued Operation Fortrea Credit Facilities DisposalGroupIncludingDiscontinuedOperationFortreaCreditFacilities	1520000000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	740100000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Costs Of Goods Sold DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold	615500000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	124600000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation General And Administrative Expense DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense	96400000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Depreciation And Amortization DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization	15900000	usd
CY2023Q1	lh	Disposal Group Including Discontinued Operation Restructuring And Other Charges DisposalGroupIncludingDiscontinuedOperationRestructuringAndOtherCharges	1100000	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Operating Income Loss DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss	11200000	usd
CY2023Q1	lh	Disposal Group Including Discontinued Operations Other Nonoperating Income Expense DisposalGroupIncludingDiscontinuedOperationsOtherNonoperatingIncomeExpense	-5700000	usd
CY2023Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	5500000	usd
CY2023Q1	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	600000	usd
CY2023Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	4900000	usd
CY2024Q1	lh	Percentof Revenue Contributed PercentofRevenueContributed	1
CY2023Q1	lh	Percentof Revenue Contributed PercentofRevenueContributed	1
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	34200000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	32700000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2083700000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1913300000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	127800000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	192900000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Other Receivables Current AllowanceForDoubtfulOtherReceivablesCurrent	7400000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Other Receivables Current AllowanceForDoubtfulOtherReceivablesCurrent	7500000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	120400000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	185400000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	377500000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	421700000	usd
CY2024Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	51000000.0	usd
CY2023Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	52600000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	32700000	usd
CY2023Q4	lh	Unbilled Services Allowancefor Credit Loss UnbilledServicesAllowanceforCreditLoss	7500000	usd
CY2023Q4	lh	Note Receivable Allowancefor Credit Loss NoteReceivableAllowanceforCreditLoss	700000	usd
CY2023Q4	lh	Allowancefor Credit Loss AllowanceforCreditLoss	40900000	usd
CY2024Q1	lh	Current Expected Credit Losses Opening Balance Sheet Impacton Retained Earnings CurrentExpectedCreditLossesOpeningBalanceSheetImpactonRetainedEarnings	2400000	usd
CY2024Q1	lh	Allowancefor Credit Loss Write Off AllowanceforCreditLossWriteOff	1000000.0	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	34200000	usd
CY2024Q1	lh	Unbilled Services Allowancefor Credit Loss UnbilledServicesAllowanceforCreditLoss	7400000	usd
CY2024Q1	lh	Note Receivable Allowancefor Credit Loss NoteReceivableAllowanceforCreditLoss	700000	usd
CY2024Q1	lh	Allowancefor Credit Loss AllowanceforCreditLoss	42300000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	259200000	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	0	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred	0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory	1800000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory	0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment	8100000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Property Plant And Equipment BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentPropertyPlantAndEquipment	0	usd
CY2024Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	141700000	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill	159400000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles	7400000	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets	0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets	311000000.0	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Assets BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets	0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation	8100000	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther	13700000	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities	21800000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Liabilities BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialLiabilities	0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	289200000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustments Related To Previous Period BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentsRelatedToPreviousPeriod	0	usd
CY2024Q1	us-gaap	Escrow Deposit EscrowDeposit	30000000.0	usd
CY2024Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet	259200000	usd
CY2024Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustments Related To Previous Period BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentsRelatedToPreviousPeriod	0	usd
CY2023Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred	200000	usd
CY2023Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Assets BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets	-10400000	usd
CY2023Q1	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Liabilities BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialLiabilities	-10400000	usd
CY2023Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	0	usd
CY2024Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	3191100000	usd
CY2023Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	3106000000	usd
CY2024Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	227500000	usd
CY2023Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	216200000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	228000000.0	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84100000	shares
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	2.71
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	212900000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	88400000	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.41
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	600000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	600000	shares
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	228000000.0	usd
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	84700000	shares
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	2.69
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	212900000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	89000000.0	shares
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.39
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	300000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	600000	shares
CY2023Q4	us-gaap	Goodwill Goodwill	6142500000	usd
CY2024Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	141700000	usd
CY2024Q1	us-gaap	Goodwill Translation And Purchase Accounting Adjustments GoodwillTranslationAndPurchaseAccountingAdjustments	-65300000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	6218900000	usd
CY2024Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	5149200000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1755100000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3394100000	usd
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	5058400000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1716400000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3342000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	60100000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	53400000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	183300000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	237300000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	228400000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	217100000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	209000000.0	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	1737400000	usd
CY2024Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	42400000	usd
CY2023Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	usd
CY2024Q1	lh	A400 Senior Notes Due2023 A400SeniorNotesDue2023	400000000.0	usd
CY2023Q4	lh	A400 Senior Notes Due2023 A400SeniorNotesDue2023	400000000.0	usd
CY2024Q1	lh	Shorttermdebtissuancecosts Shorttermdebtissuancecosts	1700000	usd
CY2023Q4	lh	Shorttermdebtissuancecosts Shorttermdebtissuancecosts	1300000	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	800000	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	1100000	usd
CY2024Q1	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	2041500000	usd
CY2023Q4	lh	Current Debt Excluding Finance Lease Liability CurrentDebtExcludingFinanceLeaseLiability	999800000	usd
CY2024Q1	lh	A360 Senior Notes Due2025 A360SeniorNotesDue2025	0	usd
CY2023Q4	lh	A360 Senior Notes Due2025 A360SeniorNotesDue2025	1000000000	usd
CY2024Q1	lh	A155 Senior Notes Due2026 A155SeniorNotesDue2026	500000000.0	usd
CY2023Q4	lh	A155 Senior Notes Due2026 A155SeniorNotesDue2026	500000000.0	usd
CY2024Q1	lh	A360 Senior Notes Due2027 A360SeniorNotesDue2027	600000000.0	usd
CY2023Q4	lh	A360 Senior Notes Due2027 A360SeniorNotesDue2027	600000000.0	usd
CY2024Q1	lh	A2.95seniornotesdue2029 A2.95seniornotesdue2029	650000000.0	usd
CY2023Q4	lh	A2.95seniornotesdue2029 A2.95seniornotesdue2029	650000000.0	usd
CY2024Q1	lh	A470 Senior Notes Due2045 A470SeniorNotesDue2045	900000000.0	usd
CY2023Q4	lh	A470 Senior Notes Due2045 A470SeniorNotesDue2045	900000000.0	usd
CY2024Q1	lh	Longtermdebtissuancecosts Longtermdebtissuancecosts	24400000	usd
CY2023Q4	lh	Longtermdebtissuancecosts Longtermdebtissuancecosts	26300000	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	600000	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	600000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3047600000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4054700000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1000000000	usd
CY2024Q1	lh	Credit Facility Optionto Increase CreditFacilityOptiontoIncrease	500000000.0	usd
CY2024Q1	lh	Credit Facility Maximum Swing Line Borrowings CreditFacilityMaximumSwingLineBorrowings	100000000.0	usd
CY2024Q1	us-gaap	Line Of Credit Facility Commitment Fee Description LineOfCreditFacilityCommitmentFeeDescription	0.10% to 0.225%
CY2024Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	42400000	usd
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	90700000	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	265000000.0	shares
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	30000000.0	shares
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.10
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	531500000	shares
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	62100000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-47600000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-11700000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-59300000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-124300000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax	-1500000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-125800000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-900000	usd
CY2024Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax	-900000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-600000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-600000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-171900000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-13500000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-185400000	usd
CY2024Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	817000000.0	usd
CY2024Q1	lh	Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts	15200000	usd
CY2024Q1	us-gaap	Foreign Currency Contracts Liability Fair Value Disclosure ForeignCurrencyContractsLiabilityFairValueDisclosure	92000000.0	usd
CY2024Q1	us-gaap	Fair Value Hedges At Fair Value Net FairValueHedgesAtFairValueNet	78600000	usd
CY2024Q1	us-gaap	Cash Surrender Value Fair Value Disclosure CashSurrenderValueFairValueDisclosure	94100000	usd
CY2024Q1	lh	Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability	121000000.0	usd
CY2024Q1	us-gaap	Contingent Consideration Classified As Equity Fair Value Disclosure ContingentConsiderationClassifiedAsEquityFairValueDisclosure	79800000	usd
CY2023Q4	lh	Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts	15500000	usd
CY2023Q4	us-gaap	Foreign Currency Contract Asset Fair Value Disclosure ForeignCurrencyContractAssetFairValueDisclosure	109000000.0	usd
CY2023Q4	us-gaap	Fair Value Hedges At Fair Value Net FairValueHedgesAtFairValueNet	69600000	usd
CY2023Q4	us-gaap	Cash Surrender Value Fair Value Disclosure CashSurrenderValueFairValueDisclosure	95400000	usd
CY2023Q4	lh	Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability	107400000	usd
CY2023Q4	us-gaap	Contingent Consideration Classified As Equity Fair Value Disclosure ContingentConsiderationClassifiedAsEquityFairValueDisclosure	66100000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	13700000	usd
CY2024Q1	lh	Senior Notes Fair Value SeniorNotesFairValue	4829200000	usd
CY2023Q4	lh	Senior Notes Fair Value SeniorNotesFairValue	4850400000	usd
CY2024Q1	us-gaap	Foreign Currency Contracts Liability Fair Value Disclosure ForeignCurrencyContractsLiabilityFairValueDisclosure	92000000.0	usd
CY2023Q4	us-gaap	Foreign Currency Contract Asset Fair Value Disclosure ForeignCurrencyContractAssetFairValueDisclosure	109000000.0	usd
CY2024Q1	lh	Interest Paid In Cash InterestPaidInCash	71600000	usd
CY2023Q1	lh	Interest Paid In Cash InterestPaidInCash	70500000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	21500000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	28400000	usd
CY2024Q1	lh	Increase In Capital Expenditures Incurred But Not Yet Paid IncreaseInCapitalExpendituresIncurredButNotYetPaid	12200000	usd
CY2023Q1	lh	Increase In Capital Expenditures Incurred But Not Yet Paid IncreaseInCapitalExpendituresIncurredButNotYetPaid	3900000	usd
CY2024Q1	us-gaap	Revenues Revenues	3176600000	usd
CY2023Q1	us-gaap	Revenues Revenues	3037800000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	60100000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	53400000	usd
CY2024Q1	lh	Net Restructuring Charges NetRestructuringCharges	5000000.0	usd
CY2023Q1	lh	Net Restructuring Charges NetRestructuringCharges	7500000	usd
CY2024Q1	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	2500000	usd
CY2023Q1	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	2200000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	321300000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	329800000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-124300000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	48100000	usd

Files In Submission

Name	View Source	Status
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0000920148-24-000032-index.html	Edgar Link	pending
0000920148-24-000032.txt	Edgar Link	pending
0000920148-24-000032-xbrl.zip	Edgar Link	pending
ex311q12024.htm	Edgar Link	pending
ex312q12024.htm	Edgar Link	pending
ex32q12024.htm	Edgar Link	pending
exhibit101amendedandrestat.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lh-20240331.htm	Edgar Link	pending
lh-20240331.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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lh-20240331_cal.xml	Edgar Link	unprocessable
lh-20240331_def.xml	Edgar Link	unprocessable
lh-20240331_lab.xml	Edgar Link	unprocessable
lh-20240331_pre.xml	Edgar Link	unprocessable
lh-20240331_htm.xml	Edgar Link	completed
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$LH
LABCORP HOLDINGS INC. Stock $lh

2024 Q2 Form 10-Q Financial Statement

#000092014824000032 Filed on April 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LH LABCORP HOLDINGS INC. Stock $lh

2024 Q2 Form 10-Q Financial Statement

#000092014824000032 Filed on April 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LH
LABCORP HOLDINGS INC. Stock $lh