2018 Q4 Form 10-Q Financial Statement

#000106920218000020 Filed on October 22, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $843.6M $1.030B $1.052B
YoY Change -5.4% -2.1% 4.19%
Cost Of Revenue $618.9M $728.3M $738.6M
YoY Change -2.07% -1.39% 5.56%
Gross Profit $224.5M $301.9M $313.7M
YoY Change -13.59% -3.76% 1.1%
Gross Profit Margin 26.61% 29.3% 29.81%
Selling, General & Admin $142.1M $149.4M $158.7M
YoY Change -10.12% -5.86% 1.41%
% of Gross Profit 63.3% 49.49% 50.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.60M $16.60M $16.10M
YoY Change 0.61% 3.11% 8.05%
% of Gross Profit 7.39% 5.5% 5.13%
Operating Expenses $143.3M $149.4M $158.7M
YoY Change -10.99% -5.86% 1.41%
Operating Profit $81.20M $145.2M $154.6M
YoY Change -17.81% -6.08% -1.47%
Interest Expense -$9.400M $10.30M $7.600M
YoY Change 3033.33% 35.53% 8.57%
% of Operating Profit -11.58% 7.09% 4.92%
Other Income/Expense, Net -$900.0K -$1.100M $0.00
YoY Change 800.0%
Pretax Income $105.5M $133.8M $147.0M
YoY Change 9.55% -8.98% -1.93%
Income Tax $25.80M $25.80M $43.00M
% Of Pretax Income 24.45% 19.28% 29.25%
Net Earnings $75.60M $108.0M $103.5M
YoY Change 75.41% 4.35% 1.77%
Net Earnings / Revenue 8.96% 10.48% 9.84%
Basic Earnings Per Share $1.89 $2.68 $2.47
Diluted Earnings Per Share $1.87 $2.65 $2.44
COMMON SHARES
Basic Shares Outstanding 40.28M shares 40.30M shares 41.90M shares
Diluted Shares Outstanding 40.70M shares 42.40M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.30M $46.10M $60.70M
YoY Change -32.11% -24.05% 26.99%
Cash & Equivalents $46.30M $46.10M $60.70M
Short-Term Investments
Other Short-Term Assets $60.60M $58.70M $80.90M
YoY Change -22.7% -27.44% 8.88%
Inventory $509.8M $501.5M $530.9M
Prepaid Expenses
Receivables $472.7M $580.9M $598.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.089B $1.187B $1.271B
YoY Change -4.21% -6.56% 8.92%
LONG-TERM ASSETS
Property, Plant & Equipment $408.3M $374.4M $374.6M
YoY Change 2.64% -0.05% 8.2%
Goodwill $186.6M $186.9M $200.6M
YoY Change -6.93% -6.83% 1.06%
Intangibles
YoY Change
Long-Term Investments $36.60M $0.00 $4.700M
YoY Change 9.91% -100.0% 2.17%
Other Assets $65.90M $66.90M $66.60M
YoY Change 7.15% 0.45% -2.06%
Total Long-Term Assets $727.8M $723.6M $785.1M
YoY Change -3.5% -7.83% 3.29%
TOTAL ASSETS
Total Short-Term Assets $1.089B $1.187B $1.271B
Total Long-Term Assets $727.8M $723.6M $785.1M
Total Assets $1.817B $1.911B $2.056B
YoY Change -3.93% -7.05% 6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.3M $371.6M $394.5M
YoY Change 24.3% -5.8% 6.13%
Accrued Expenses $272.3M $292.5M $278.4M
YoY Change 0.74% 5.06% 2.28%
Deferred Revenue $13.00M $6.200M
YoY Change 78.08%
Short-Term Debt $0.00 $0.00 $326.0M
YoY Change -100.0% -100.0% -0.55%
Long-Term Debt Due $300.8M $400.0K $500.0K
YoY Change 822.7% -20.0% -44.44%
Total Short-Term Liabilities $1.009B $690.5M $1.024B
YoY Change 54.09% -32.55% -13.84%
LONG-TERM LIABILITIES
Long-Term Debt $740.5M $1.104B $775.7M
YoY Change -23.7% 42.27% 51.36%
Other Long-Term Liabilities $135.0M $130.3M $131.7M
YoY Change 2.35% -1.06% 3.95%
Total Long-Term Liabilities $135.0M $130.3M $131.7M
YoY Change 2.35% -1.06% 3.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.009B $690.5M $1.024B
Total Long-Term Liabilities $135.0M $130.3M $131.7M
Total Liabilities $1.967B $1.998B $2.023B
YoY Change 6.81% -1.27% 6.35%
SHAREHOLDERS EQUITY
Retained Earnings $1.855B $1.805B $1.554B
YoY Change 17.71% 16.12% 16.78%
Common Stock $1.080B $1.076B $1.049B
YoY Change 1.63% 2.62% 2.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.896B $2.793B $2.414B
YoY Change 19.12% 15.67% 12.88%
Treasury Stock Shares 47.31M shares 46.89M shares 45.40M shares
Shareholders Equity -$149.6M -$86.80M $32.10M
YoY Change
Total Liabilities & Shareholders Equity $1.817B $1.911B $2.056B
YoY Change -3.93% -7.05% 6.7%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $75.60M $108.0M $103.5M
YoY Change 75.41% 4.35% 1.77%
Depreciation, Depletion And Amortization $16.60M $16.60M $16.10M
YoY Change 0.61% 3.11% 8.05%
Cash From Operating Activities $264.2M $266.3M $177.3M
YoY Change 34.73% 50.2% 65.86%
INVESTING ACTIVITIES
Capital Expenditures -$34.30M -$17.50M -$17.10M
YoY Change -9.26% 2.34% -128.79%
Acquisitions
YoY Change
Other Investing Activities $5.500M $8.300M $0.00
YoY Change
Cash From Investing Activities -$28.80M -$9.200M -$17.10M
YoY Change -23.81% -46.2% -71.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -221.2M -254.7M -162.7M
YoY Change 46.49% 56.55% 289.23%
NET CHANGE
Cash From Operating Activities 264.2M 266.3M 177.3M
Cash From Investing Activities -28.80M -9.200M -17.10M
Cash From Financing Activities -221.2M -254.7M -162.7M
Net Change In Cash 14.20M 2.400M -2.500M
YoY Change 94.52% -196.0% -143.86%
FREE CASH FLOW
Cash From Operating Activities $264.2M $266.3M $177.3M
Capital Expenditures -$34.30M -$17.50M -$17.10M
Free Cash Flow $298.5M $283.8M $194.4M
YoY Change 27.62% 45.99% 309.26%

Facts In Submission

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DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
400000 USD
CY2017Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2018Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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0 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
2100000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.47
us-gaap Earnings Per Share Basic
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6.20
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.94
CY2017Q3 us-gaap Earnings Per Share Diluted
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2.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.12
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.86
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
9100000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3900000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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7800000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6600000 USD
us-gaap Gain Loss On Disposition Of Assets1
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0 USD
us-gaap Gain Loss On Sale Of Business
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0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
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23800000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
200500000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
186900000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2100000 USD
us-gaap Goodwill Transfers
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11500000 USD
CY2017Q3 us-gaap Gross Profit
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313700000 USD
us-gaap Gross Profit
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865500000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
301900000 USD
us-gaap Gross Profit
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886600000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
104000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
263900000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
108000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
285100000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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147000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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367700000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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133800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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362400000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.48
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.23
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.68
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.98
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.45
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.65
us-gaap Income Loss From Continuing Operations Per Diluted Share
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6.90
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2017Q3 us-gaap Income Loss From Equity Method Investments
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4500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15500000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10800000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
103800000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77300000 USD
us-gaap Income Taxes Paid Net
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115500000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
87200000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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118300000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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114000000 USD
us-gaap Increase Decrease In Accounts Payable
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31000000 USD
us-gaap Increase Decrease In Accounts Payable
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46900000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
us-gaap Increase Decrease In Accrued Liabilities
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7600000 USD
us-gaap Increase Decrease In Accrued Liabilities
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35600000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-9900000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-1400000 USD
us-gaap Increase Decrease In Insurance Settlements Receivable
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4100000 USD
us-gaap Increase Decrease In Inventories
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102600000 USD
us-gaap Increase Decrease In Inventories
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73700000 USD
us-gaap Increase Decrease In Other Operating Assets
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7300000 USD
us-gaap Increase Decrease In Other Operating Assets
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8600000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-3500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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15500000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
45000000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
7600000 USD
us-gaap Interest Expense
InterestExpense
23300000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
10300000 USD
us-gaap Interest Expense
InterestExpense
28500000 USD
us-gaap Interest Paid Net
InterestPaidNet
22500000 USD
us-gaap Interest Paid Net
InterestPaidNet
25900000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
331900000 USD
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
315400000 USD
CY2017Q4 us-gaap Inventory Gross
InventoryGross
536600000 USD
CY2018Q3 us-gaap Inventory Gross
InventoryGross
553900000 USD
CY2017Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
52400000 USD
CY2018Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
52400000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
484200000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
501500000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
199200000 USD
CY2018Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
232200000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5500000 USD
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
6300000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1841400000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
1997600000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1891500000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
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1910800000 USD
CY2017Q4 us-gaap Liabilities Current
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654500000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
690500000 USD
CY2017Q3 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
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1500000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
3900000 USD
CY2018Q3 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1400000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
3300000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
970500000 USD
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1103600000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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32600000 USD
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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22300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
59300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
231300000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
103500000 USD
us-gaap Net Income Loss
NetIncomeLoss
262500000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
108000000 USD
us-gaap Net Income Loss
NetIncomeLoss
283400000 USD
us-gaap Number Of Reportable Segments
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3 Segment
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
154600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
390800000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
145200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
393300000 USD
CY2017Q4 us-gaap Other Assets Current
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78400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
9400000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
58700000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61500000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
66900000 USD
CY2017Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
100000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
200000 USD
CY2018Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-1800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
3400000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
10500000 USD
CY2018Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
-3800000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
-8900000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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10200000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
39400000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
3600000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
9300000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
38100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
4400000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1200000 USD
CY2017Q3 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
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
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
38100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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2700000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
8100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
2500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
6300000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-1800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-5500000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-2400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
3500000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
300000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
7300000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-100000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
19400000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129300000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
130300000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
6700000 USD
CY2017Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2018Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2017Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
2600000 USD
CY2018Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
2500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
350200000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
68200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21100000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60900000 USD
us-gaap Pension Contributions
PensionContributions
1400000 USD
us-gaap Pension Contributions
PensionContributions
20300000 USD
us-gaap Pension Expense
PensionExpense
4100000 USD
us-gaap Pension Expense
PensionExpense
6500000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
115900000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2300000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1883000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1820000000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
275000000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
155000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1400000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
109900000 USD
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
110200000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34800000 USD
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
36600000 USD
CY2017Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
75100000 USD
CY2018Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
73600000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23900000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-3100000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
29000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
397800000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
374400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3800000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
506500000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
580900000 USD
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
514800000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-27600000 USD
CY2017Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
CY2018Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200800000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
32900000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1701000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1766500000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
53700000 USD
CY2018Q3 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
20700000 USD
CY2018Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
20900000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1900000 USD
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
1900000 USD
us-gaap Restructuring Charges
RestructuringCharges
2100000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
500000 USD
us-gaap Restructuring Charges
RestructuringCharges
1900000 USD
us-gaap Restructuring Costs
RestructuringCosts
1000000 USD
us-gaap Restructuring Costs
RestructuringCosts
500000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
200000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
500000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
200000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1575900000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1805000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1574900000 USD
CY2017Q3 us-gaap Revenues
Revenues
1052300000 USD
us-gaap Revenues
Revenues
2947900000 USD
CY2018Q3 us-gaap Revenues
Revenues
1030200000 USD
us-gaap Revenues
Revenues
3040400000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
158700000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
479600000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
149400000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
466100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
18800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21000000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
100000 shares
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
900000 USD
CY2018Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-400000 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2500000000.0 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2018Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
546000000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1000000 shares
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200200000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50100000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-86800000 USD
us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
1
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
45361145 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
46891591 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2430800000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2792600000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
700000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1400000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42900000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41300000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42300000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40800000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets and other long-lived assets, contingencies, guarantee obligations, indemnifications, and assumptions used in the calculation of income taxes, pension and post-retirement medical benefits, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates and assumptions to be reasonable under the circumstances and will adjust such estimates and assumptions when facts and circumstances dictate. Volatile equity, foreign currency and commodity markets combine to increase the uncertainty inherent in such estimates and assumptions. Future events and their effects cannot be determined with precision and actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the financial statements in future periods.</font></div></div>

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