2020 Q2 Form 10-Q Financial Statement

#000106920220000039 Filed on July 20, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $941.3M $1.099B $790.3M
YoY Change -14.36% -6.49% -5.33%
Cost Of Revenue $665.6M $767.0M $588.7M
YoY Change -13.22% -5.75% -3.74%
Gross Profit $275.7M $332.1M $201.6M
YoY Change -16.98% -8.16% -9.68%
Gross Profit Margin 29.29% 30.22% 25.51%
Selling, General & Admin $129.5M $152.4M $145.8M
YoY Change -15.03% -5.58% -6.06%
% of Gross Profit 46.97% 45.89% 72.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.90M $16.70M $18.20M
YoY Change 13.17% 3.09% 9.64%
% of Gross Profit 6.86% 5.03% 9.03%
Operating Expenses $129.5M $152.4M $145.8M
YoY Change -15.03% -5.58% -6.06%
Operating Profit $136.0M $213.8M $94.70M
YoY Change -36.39% 9.58% 78.68%
Interest Expense $6.900M $13.10M $10.90M
YoY Change -47.33% 33.67% 29.76%
% of Operating Profit 5.07% 6.13% 11.51%
Other Income/Expense, Net -$1.100M -$300.0K -$800.0K
YoY Change 266.67% -62.5% 33.33%
Pretax Income $128.0M $139.8M $83.00M
YoY Change -8.44% -24.23% 88.64%
Income Tax $27.40M $28.80M $13.60M
% Of Pretax Income 21.41% 20.6% 16.39%
Net Earnings $100.0M $110.7M $69.30M
YoY Change -9.67% -19.55% 82.85%
Net Earnings / Revenue 10.62% 10.07% 8.77%
Basic Earnings Per Share $2.62 $2.83 $1.75
Diluted Earnings Per Share $2.60 $2.80 $1.73
COMMON SHARES
Basic Shares Outstanding 38.20M shares 39.10M shares 39.70M shares
Diluted Shares Outstanding 38.40M shares 39.50M shares 40.10M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.60M $38.20M $31.70M
YoY Change 27.23% -3.05% -44.48%
Cash & Equivalents $44.80M $36.40M $31.70M
Short-Term Investments $3.800M $1.800M
Other Short-Term Assets $54.40M $56.70M $86.50M
YoY Change -4.06% 6.38% -18.7%
Inventory $499.7M $630.2M $600.1M
Prepaid Expenses
Receivables $624.2M $718.8M $502.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.227B $1.444B $1.221B
YoY Change -15.03% 4.19% -9.35%
LONG-TERM ASSETS
Property, Plant & Equipment $441.2M $418.0M $411.7M
YoY Change 5.55% 12.67% 5.54%
Goodwill $186.5M $186.6M $186.5M
YoY Change -0.05% -0.11% -2.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $77.10M $76.50M $68.00M
YoY Change 0.78% 14.86% 4.78%
Total Long-Term Assets $897.4M $896.5M $884.8M
YoY Change 0.1% 25.63% 19.68%
TOTAL ASSETS
Total Short-Term Assets $1.227B $1.444B $1.221B
Total Long-Term Assets $897.4M $896.5M $884.8M
Total Assets $2.124B $2.340B $2.106B
YoY Change -9.23% 11.48% 0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $295.0M $473.6M $411.9M
YoY Change -37.71% 8.25% 15.09%
Accrued Expenses $251.0M $240.8M $219.8M
YoY Change 4.24% -5.05% -2.74%
Deferred Revenue $6.800M $4.900M $5.400M
YoY Change 38.78% -2.0% -16.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $8.500M $6.600M $6.300M
YoY Change 28.79% 1550.0% 1160.0%
Total Short-Term Liabilities $946.2M $1.075B $917.4M
YoY Change -11.98% 44.47% 28.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.047B $1.156B $1.059B
YoY Change -9.4% -12.37% -15.84%
Other Long-Term Liabilities $140.1M $129.9M $129.2M
YoY Change 7.85% 1.88% 0.0%
Total Long-Term Liabilities $140.1M $129.9M $129.2M
YoY Change 7.85% 1.88% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $946.2M $1.075B $917.4M
Total Long-Term Liabilities $140.1M $129.9M $129.2M
Total Liabilities $2.353B $2.558B $2.311B
YoY Change -8.0% 12.21% 5.56%
SHAREHOLDERS EQUITY
Retained Earnings $2.202B $1.979B $1.899B
YoY Change 11.22% 14.89% 20.56%
Common Stock $1.103B $1.087B $1.080B
YoY Change 1.53% 1.63% 4.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.412B $3.154B $3.004B
YoY Change 8.18% 12.99% 16.94%
Treasury Stock Shares 48.92M shares 47.61M shares 47.61M shares
Shareholders Equity -$228.9M -$217.5M -$204.8M
YoY Change
Total Liabilities & Shareholders Equity $2.124B $2.340B $2.106B
YoY Change -9.23% 11.48% 0.94%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $100.0M $110.7M $69.30M
YoY Change -9.67% -19.55% 82.85%
Depreciation, Depletion And Amortization $18.90M $16.70M $18.20M
YoY Change 13.17% 3.09% 9.64%
Cash From Operating Activities $105.3M $30.00M -$141.0M
YoY Change 251.0% -38.14% 68.86%
INVESTING ACTIVITIES
Capital Expenditures -$18.80M -$16.30M $37.20M
YoY Change 15.34% -21.26% 63.88%
Acquisitions
YoY Change
Other Investing Activities $200.0K $4.600M $50.80M
YoY Change -95.65% -95.89% 50700.0%
Cash From Investing Activities -$18.60M -$11.70M $13.60M
YoY Change 58.97% -112.84% -160.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change -33.33%
Debt Paid & Issued, Net $31.70M
YoY Change 210.78%
Cash From Financing Activities -80.70M -11.90M $108.9M
YoY Change 578.15% -92.46% 13.44%
NET CHANGE
Cash From Operating Activities 105.3M 30.00M -$141.0M
Cash From Investing Activities -18.60M -11.70M $13.60M
Cash From Financing Activities -80.70M -11.90M $108.9M
Net Change In Cash 6.000M 6.400M -$18.50M
YoY Change -6.25% -134.97% 83.17%
FREE CASH FLOW
Cash From Operating Activities $105.3M $30.00M -$141.0M
Capital Expenditures -$18.80M -$16.30M $37.20M
Free Cash Flow $124.1M $46.30M -$178.2M
YoY Change 168.03% -33.09% 67.8%

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CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2020Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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180000000.0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.57
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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EarningsPerShareDiluted
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CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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4.52
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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lii Noncashpensionsettlementloss
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CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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CY2020Q2 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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CY2019Q2 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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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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CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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2400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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CY2020Q2 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2019Q2 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
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us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2020Q2 lii Noncashpensionsettlementloss
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lii Noncashpensionsettlementloss
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CY2020Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
6300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
800000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2019Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2020Q2 us-gaap Other Comprehensive Income Loss Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
17900000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
50600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
59200000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
161300000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
95000000.0 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Dividends
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CY2020Q2 us-gaap Dividends Common Stock Cash
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CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2400000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
100000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6700000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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CY2020Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
9100000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
800000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
110700000 USD
CY2019Q2 us-gaap Dividends
Dividends
0.77 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30000000.0 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
16400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6100000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
800000 USD
CY2019Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
900000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
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us-gaap Net Income Loss
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us-gaap Dividends
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us-gaap Dividends Common Stock Cash
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
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us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
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us-gaap Net Income Loss
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us-gaap Dividends
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us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
55300000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
6000000.0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
3600000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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10200000 USD
us-gaap Gain Loss On Sale Of Properties
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us-gaap Gain Loss On Sale Of Properties
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lii Lossgainfromnaturaldisasternetof Insurancerecoveries
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Restructuring Costs
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us-gaap Restructuring Costs
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Pension Expense
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us-gaap Pension Expense
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
43600000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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lii Insurancerecoveriesreceivedforpropertydamageincurredfromnaturaldisaster
Insurancerecoveriesreceivedforpropertydamageincurredfromnaturaldisaster
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lii Insurancerecoveriesreceivedforpropertydamageincurredfromnaturaldisaster
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12800000 USD
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
1900000 USD
us-gaap Repayments Of Short Term Debt
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us-gaap Repayments Of Short Term Debt
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us-gaap Proceeds From Short Term Debt
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us-gaap Proceeds From Short Term Debt
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us-gaap Proceeds From Other Debt
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us-gaap Proceeds From Other Debt
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us-gaap Repayments Of Other Debt
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70000000.0 USD
us-gaap Repayments Of Other Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Repayments Of Senior Debt
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2600000 USD
us-gaap Repayments Of Senior Debt
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33300000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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1600000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5600000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59100000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
97000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12100000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7000000.0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37300000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44800000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36400000 USD
us-gaap Interest Paid Net
InterestPaidNet
16900000 USD
us-gaap Interest Paid Net
InterestPaidNet
23500000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22800000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
54200000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
128000000.0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:13.5pt;text-align:justify;"><span><br/></span></div><div style="text-indent:13.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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, self-insurance and warranty reserves, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment. </span></div>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.
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2020Q2 us-gaap Revenues
Revenues
941300000 USD
CY2019Q2 us-gaap Revenues
Revenues
1099100000 USD
us-gaap Revenues
Revenues
1665100000 USD
us-gaap Revenues
Revenues
1889400000 USD
CY2020Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
153000000.0 USD
CY2019Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
202300000 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
190600000 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
300300000 USD
CY2020Q2 lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
CY2019Q2 lii Specialinventorywritedown
Specialinventorywritedown
500000 USD
lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
lii Specialinventorywritedown
Specialinventorywritedown
500000 USD
CY2020Q2 lii Gain Losson Dispositionof Businessand Related Property
GainLossonDispositionofBusinessandRelatedProperty
0 USD
CY2019Q2 lii Gain Losson Dispositionof Businessand Related Property
GainLossonDispositionofBusinessandRelatedProperty
-400000 USD
lii Gain Losson Dispositionof Businessand Related Property
GainLossonDispositionofBusinessandRelatedProperty
0 USD
lii Gain Losson Dispositionof Businessand Related Property
GainLossonDispositionofBusinessandRelatedProperty
-8800000 USD
CY2020Q2 lii Partialadvanceofinsurancerecoveriesrelatedtolostprofits
Partialadvanceofinsurancerecoveriesrelatedtolostprofits
0 USD
CY2019Q2 lii Partialadvanceofinsurancerecoveriesrelatedtolostprofits
Partialadvanceofinsurancerecoveriesrelatedtolostprofits
8000000.0 USD
lii Partialadvanceofinsurancerecoveriesrelatedtolostprofits
Partialadvanceofinsurancerecoveriesrelatedtolostprofits
0 USD
lii Partialadvanceofinsurancerecoveriesrelatedtolostprofits
Partialadvanceofinsurancerecoveriesrelatedtolostprofits
8000000.0 USD
CY2020Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
1000000.0 USD
CY2019Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
-5900000 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
2700000 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
-12800000 USD
CY2020Q2 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-7000000.0 USD
CY2019Q2 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-2600000 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-6100000 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-3900000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
10000000.0 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
-100000 USD
us-gaap Restructuring Charges
RestructuringCharges
10500000 USD
us-gaap Restructuring Charges
RestructuringCharges
400000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
136000000.0 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
213800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
172300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
308500000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
100000000.0 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
110700000 USD
us-gaap Net Income Loss
NetIncomeLoss
112900000 USD
us-gaap Net Income Loss
NetIncomeLoss
180000000.0 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-600000 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-200000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-400000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
100600000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
111000000.0 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
113100000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
180400000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38200000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39400000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2019Q2 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
200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38400000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39800000 shares
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.63
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.84
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.95
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.58
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2019Q2 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
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.62
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.57
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.62
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.81
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.93
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.53
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2019Q2 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
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.60
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.52
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
205.53
us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
205.53
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
37500000 USD
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
38200000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
79400000 USD
CY2019Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
74600000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
116900000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
112800000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
112800000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15200000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
19500000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
100000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-300000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
116900000 USD
CY2020Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1200000 USD
CY2019Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
400000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
-500000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1800000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
367500000 USD
CY2020Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2019Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
52000000.0 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
128000000.0 USD
CY2020Q2 lii Sitecleanupandremediation
Sitecleanupandremediation
0 USD
CY2019Q2 lii Sitecleanupandremediation
Sitecleanupandremediation
6200000 USD
lii Sitecleanupandremediation
Sitecleanupandremediation
0 USD
lii Sitecleanupandremediation
Sitecleanupandremediation
23300000 USD
CY2020Q2 lii Factoryinefficiencies
Factoryinefficiencies
0 USD
CY2019Q2 lii Factoryinefficiencies
Factoryinefficiencies
4500000 USD
lii Factoryinefficiencies
Factoryinefficiencies
0 USD
lii Factoryinefficiencies
Factoryinefficiencies
8000000.0 USD
CY2020Q2 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
1000000.0 USD
CY2019Q2 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
9400000 USD
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
2700000 USD
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
18400000 USD
CY2020Q2 lii Totalexpenseduetonaturaldisaster
Totalexpenseduetonaturaldisaster
1000000.0 USD
CY2019Q2 lii Totalexpenseduetonaturaldisaster
Totalexpenseduetonaturaldisaster
20100000 USD
lii Totalexpenseduetonaturaldisaster
Totalexpenseduetonaturaldisaster
2700000 USD
lii Totalexpenseduetonaturaldisaster
Totalexpenseduetonaturaldisaster
49700000 USD
CY2020Q2 lii Insuranceproceedsforlostprofits
Insuranceproceedsforlostprofits
0 USD
CY2019Q2 lii Insuranceproceedsforlostprofits
Insuranceproceedsforlostprofits
26000000.0 USD
lii Insuranceproceedsforlostprofits
Insuranceproceedsforlostprofits
0 USD
lii Insuranceproceedsforlostprofits
Insuranceproceedsforlostprofits
65500000 USD
CY2020Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
1000000.0 USD
CY2019Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
-5900000 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
2700000 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
-12800000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3000000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
446000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000000.0 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
400000 shares
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5600000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
10500000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
15100000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
16300000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
10500000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
15100000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
16300000 USD
CY2020Q2 us-gaap Revenues
Revenues
941300000 USD
CY2019Q2 us-gaap Revenues
Revenues
1099100000 USD
us-gaap Revenues
Revenues
1665100000 USD
us-gaap Revenues
Revenues
1889400000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6800000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8400000 USD
lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
1600000 USD
lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
-0.190
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5600000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5900000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
300000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
-0.051
CY2020Q2 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-12400000 USD
CY2019Q4 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-14300000 USD
lii Contractwith Customer Asset Liability Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerAssetLiabilityChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
1900000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2900000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1500000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4500000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2600000 USD
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
350700000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
402900000 USD
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
5800000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6000000.0 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
206700000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
198800000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
563200000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
607700000 USD
CY2020Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
63500000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
63600000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
499700000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
544100000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
186500000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
0 USD
CY2020Q2 us-gaap Goodwill
Goodwill
186500000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6700000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10400000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2800000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1600000 USD
CY2019Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1900000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3300000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2000000.0 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2500000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4200000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
7200000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-900000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2900000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2900000 USD
CY2020Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
0 USD
CY2019Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-60600000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-60600000 USD
CY2020Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
62200000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4900000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
64200000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3100000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3100000 USD
CY2020Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
8500000 USD
CY2019Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
7800000 USD
CY2020Q2 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
900000 USD
CY2019Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
900000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
343600000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
321900000 USD
CY2020Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
26300000 USD
CY2019Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
25900000 USD
CY2020Q2 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0102
CY2020Q2 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
1600000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
2100000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1047200000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
849300000 USD
CY2020Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1390800000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1171200000 USD
CY2020Q2 lii Maximum Securitization As Percentage Of Net Pool Balance
MaximumSecuritizationAsPercentageOfNetPoolBalance
1
CY2020Q2 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
306000000.0 USD
CY2019Q4 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
320000000.0 USD
CY2020Q2 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
306000000.0 USD
CY2019Q4 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
285000000.0 USD
CY2020Q2 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
0 USD
CY2019Q4 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
35000000.0 USD
lii Program Fee
ProgramFee
0.0070
CY2019Q4 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0251
lii Percentage Of Maximum Available Amount Used To Charge Unused Fee
PercentageOfMaximumAvailableAmountUsedToChargeUnusedFee
1.01
CY2020Q2 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
0 USD
CY2019Q2 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
60600000 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
0 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
60600000 USD
CY2020Q2 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
CY2019Q2 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
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-2100000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-103800000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-25400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17900000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-121700000 USD

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