2021 Q2 Form 10-Q Financial Statement

#000106920221000028 Filed on July 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $1.239B $941.3M $723.8M
YoY Change 31.63% -14.36% -8.41%
Cost Of Revenue $855.8M $665.6M $558.1M
YoY Change 28.58% -13.22% -5.2%
Gross Profit $383.2M $275.7M $165.7M
YoY Change 38.99% -16.98% -17.81%
Gross Profit Margin 30.93% 29.29% 22.89%
Selling, General & Admin $167.8M $129.5M $131.1M
YoY Change 29.58% -15.03% -10.08%
% of Gross Profit 43.79% 46.97% 79.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.20M $18.90M $19.00M
YoY Change -3.7% 13.17% 4.4%
% of Gross Profit 4.75% 6.86% 11.47%
Operating Expenses $167.8M $129.5M $131.1M
YoY Change 29.58% -15.03% -10.08%
Operating Profit $216.0M $136.0M $36.40M
YoY Change 58.82% -36.39% -61.56%
Interest Expense $6.400M $6.900M $8.700M
YoY Change -7.25% -47.33% -20.18%
% of Operating Profit 2.96% 5.07% 23.9%
Other Income/Expense, Net -$900.0K -$1.100M -$1.200M
YoY Change -18.18% 266.67% 50.0%
Pretax Income $208.7M $128.0M $26.50M
YoY Change 63.05% -8.44% -68.07%
Income Tax $38.70M $27.40M $14.00M
% Of Pretax Income 18.54% 21.41% 52.83%
Net Earnings $170.0M $100.0M $12.90M
YoY Change 70.0% -9.67% -81.39%
Net Earnings / Revenue 13.72% 10.62% 1.78%
Basic Earnings Per Share $4.55 $2.62 $0.34
Diluted Earnings Per Share $4.51 $2.60 $0.33
COMMON SHARES
Basic Shares Outstanding 37.40M shares 38.20M shares 38.40M shares
Diluted Shares Outstanding 37.70M shares 38.40M shares 38.70M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.30M $48.60M $42.80M
YoY Change -2.67% 27.23% 35.02%
Cash & Equivalents $44.50M $44.80M $39.10M
Short-Term Investments $2.800M $3.800M $3.700M
Other Short-Term Assets $86.80M $54.40M $77.80M
YoY Change 59.56% -4.06% -10.06%
Inventory $433.8M $499.7M $611.8M
Prepaid Expenses
Receivables $692.5M $624.2M $492.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.260B $1.227B $1.225B
YoY Change 2.73% -15.03% 0.34%
LONG-TERM ASSETS
Property, Plant & Equipment $476.0M $441.2M $442.1M
YoY Change 7.89% 5.55% 7.38%
Goodwill $186.8M $186.5M $186.5M
YoY Change 0.16% -0.05% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $86.10M $77.10M $75.20M
YoY Change 11.67% 0.78% 10.59%
Total Long-Term Assets $944.3M $897.4M $903.3M
YoY Change 5.23% 0.1% 2.09%
TOTAL ASSETS
Total Short-Term Assets $1.260B $1.227B $1.225B
Total Long-Term Assets $944.3M $897.4M $903.3M
Total Assets $2.205B $2.124B $2.128B
YoY Change 3.78% -9.23% 1.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.9M $295.0M $355.0M
YoY Change 37.25% -37.71% -13.81%
Accrued Expenses $332.4M $251.0M $235.1M
YoY Change 32.43% 4.24% 6.96%
Deferred Revenue $6.500M $6.800M $8.500M
YoY Change -4.41% 38.78% 57.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.00M $8.500M $8.200M
YoY Change 29.41% 28.79% 30.16%
Total Short-Term Liabilities $1.058B $946.2M $894.6M
YoY Change 11.79% -11.98% -2.49%
LONG-TERM LIABILITIES
Long-Term Debt $977.4M $1.047B $1.190B
YoY Change -6.67% -9.4% 12.36%
Other Long-Term Liabilities $154.4M $140.1M $139.2M
YoY Change 10.21% 7.85% 7.74%
Total Long-Term Liabilities $154.4M $140.1M $139.2M
YoY Change 10.21% 7.85% 7.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.058B $946.2M $894.6M
Total Long-Term Liabilities $154.4M $140.1M $139.2M
Total Liabilities $2.418B $2.353B $2.447B
YoY Change 2.75% -8.0% 5.89%
SHAREHOLDERS EQUITY
Retained Earnings $2.577B $2.202B $2.131B
YoY Change 17.04% 11.22% 12.23%
Common Stock $1.130B $1.103B $1.096B
YoY Change 2.4% 1.53% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.827B $3.412B $3.412B
YoY Change 12.15% 8.18% 13.6%
Treasury Stock Shares 50.01M shares 48.92M shares 48.92M shares
Shareholders Equity -$213.3M -$228.9M -$318.3M
YoY Change
Total Liabilities & Shareholders Equity $2.205B $2.124B $2.128B
YoY Change 3.78% -9.23% 1.08%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $170.0M $100.0M $12.90M
YoY Change 70.0% -9.67% -81.39%
Depreciation, Depletion And Amortization $18.20M $18.90M $19.00M
YoY Change -3.7% 13.17% 4.4%
Cash From Operating Activities $192.0M $105.3M -$98.80M
YoY Change 82.34% 251.0% -29.93%
INVESTING ACTIVITIES
Capital Expenditures -$20.80M -$18.80M $24.70M
YoY Change 10.64% 15.34% -33.6%
Acquisitions
YoY Change
Other Investing Activities $2.000M $200.0K -$1.000M
YoY Change 900.0% -95.65% -101.97%
Cash From Investing Activities -$18.80M -$18.60M -$25.70M
YoY Change 1.08% 58.97% -288.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change 0.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -165.3M -80.70M $133.0M
YoY Change 104.83% 578.15% 22.13%
NET CHANGE
Cash From Operating Activities 192.0M 105.3M -$98.80M
Cash From Investing Activities -18.80M -18.60M -$25.70M
Cash From Financing Activities -165.3M -80.70M $133.0M
Net Change In Cash 7.900M 6.000M $8.500M
YoY Change 31.67% -6.25% -145.95%
FREE CASH FLOW
Cash From Operating Activities $192.0M $105.3M -$98.80M
Capital Expenditures -$20.80M -$18.80M $24.70M
Free Cash Flow $212.8M $124.1M -$123.5M
YoY Change 71.47% 168.03% -30.7%

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100000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
254200000 USD
us-gaap Net Income Loss
NetIncomeLoss
112900000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.55
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.63
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.74
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.95
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0
CY2020Q2 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
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0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0
CY2021Q2 us-gaap Earnings Per Share Basic
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4.55
CY2020Q2 us-gaap Earnings Per Share Basic
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2.62
us-gaap Earnings Per Share Basic
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6.74
us-gaap Earnings Per Share Basic
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2.95
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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4.51
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.62
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.70
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.93
CY2020Q2 us-gaap Net Income Loss
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100000000.0 USD
us-gaap Net Income Loss
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254200000 USD
us-gaap Net Income Loss
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112900000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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4200000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
2400000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
1600000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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2300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
1500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
5300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
2400000 USD
CY2021Q2 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before 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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-1400000 USD
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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-3000000.0 USD
CY2021Q2 lii Noncashpensionsettlementloss
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0 USD
CY2020Q2 lii Noncashpensionsettlementloss
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0 USD
lii Noncashpensionsettlementloss
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700000 USD
lii Noncashpensionsettlementloss
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CY2021Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
11000000.0 USD
CY2020Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
6300000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
20600000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
-8300000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
9100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-5800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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13500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-7000000.0 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
5900000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
14400000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
8400000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-18500000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000.0 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
4300000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-600000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-17900000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
176100000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
111400000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
258300000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
95000000.0 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-160700000 USD
CY2021Q2 us-gaap Net Income Loss
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170000000.0 USD
CY2021Q2 us-gaap Dividends
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0.92 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
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34300000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4200000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
300000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-100000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8900000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
100000 USD
CY2021Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
1800000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
900000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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204200000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
100000000.0 USD
CY2020Q2 us-gaap Dividends
Dividends
0.77 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29400000 USD
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
3100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
9100000 USD
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2020Q2 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
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.51
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37700000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38600000 shares
CY2021Q2 us-gaap Net Income Loss
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170000000.0 USD
CY2020Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
800000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
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100000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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254200000 USD
us-gaap Dividends
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us-gaap Dividends Common Stock Cash
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63400000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1600000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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3400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17500000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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1200000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
5900000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
1600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
410200000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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lii Adoption Of New Accounting Standard
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us-gaap Net Income Loss
NetIncomeLoss
112900000 USD
us-gaap Dividends
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us-gaap Dividends Common Stock Cash
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58800000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-17800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
100000 USD
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
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10400000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
800000 USD
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
1600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
105600000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
254200000 USD
us-gaap Net Income Loss
NetIncomeLoss
112900000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
600000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-1500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7200000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3700000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2500000 USD
us-gaap Restructuring Costs
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1400000 USD
us-gaap Restructuring Costs
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5900000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3500000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3100000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Share Based Compensation
ShareBasedCompensation
17500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10400000 USD
us-gaap Depreciation And Amortization
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35600000 USD
us-gaap Depreciation And Amortization
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37900000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6600000 USD
us-gaap Pension Expense
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5400000 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
82100000 USD
us-gaap Pension Expense
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4900000 USD
us-gaap Pension Contributions
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800000 USD
us-gaap Pension Contributions
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300000 USD
us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts And Notes Receivable
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248200000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
151500000 USD
us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Other Operating Assets
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9700000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1100000 USD
us-gaap Increase Decrease In Accounts Payable
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67400000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
33700000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
1600000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
10200000 USD
us-gaap Repayments Of Other Debt
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70000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
174500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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6500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
600000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43500000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
1100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44300000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1900000 USD
us-gaap Proceeds From Short Term Debt
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0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1900000 USD
us-gaap Proceeds From Other Debt
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299000000.0 USD
us-gaap Proceeds From Other Debt
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91000000.0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
44000000.0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
3100000 USD
us-gaap Repayments Of Senior Debt
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2600000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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753000000.0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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1060500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
748500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
863500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
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
400000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5600000 USD
us-gaap Payments Of Dividends Common Stock
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58600000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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52300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14500000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123900000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37300000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44500000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44800000 USD
us-gaap Interest Paid Net
InterestPaidNet
11800000 USD
us-gaap Interest Paid Net
InterestPaidNet
16900000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
62600000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22800000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
10000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
us-gaap Restructuring Charges
RestructuringCharges
10500000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="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-align:justify;text-indent:13.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 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
CY2021Q2 us-gaap Revenues
Revenues
1239000000.0 USD
CY2020Q2 us-gaap Revenues
Revenues
941300000 USD
us-gaap Revenues
Revenues
2169400000 USD
us-gaap Revenues
Revenues
1665100000 USD
CY2021Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
221600000 USD
CY2020Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
153000000.0 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
337200000 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
190600000 USD
CY2021Q2 lii Specialinventorywritedown
Specialinventorywritedown
0 USD
CY2020Q2 lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
lii Specialinventorywritedown
Specialinventorywritedown
0 USD
lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
CY2021Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
0 USD
CY2020Q2 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
1000000.0 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
0 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
2700000 USD
CY2021Q2 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-4400000 USD
CY2020Q2 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-7000000.0 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-5900000 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-6100000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
1200000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
216000000.0 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
136000000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
330000000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
172300000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
170000000.0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
100000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
254200000 USD
us-gaap Net Income Loss
NetIncomeLoss
112900000 USD
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-600000 USD
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
-200000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
170000000.0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
100600000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
254200000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
113100000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2020Q2 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
300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37700000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38600000 shares
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.55
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.63
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.74
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.95
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2020Q2 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
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.55
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.95
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.51
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.62
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.70
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.93
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
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
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.51
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q2 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
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
0
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
38800000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
37700000 USD
CY2021Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
93000000.0 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
131800000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
119800000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
119800000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15500000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24000000.0 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3500000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
131800000 USD
CY2021Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1700000 USD
CY2020Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1200000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
2800000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
-500000 USD
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3000000000.0 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
46000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000.0 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200000000.0 USD
CY2021Q1 lii Percentage Of Accelerated Share Repurchases Of Shares Expected To Be Repurchased
PercentageOfAcceleratedShareRepurchasesOfSharesExpectedToBeRepurchased
0.85
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
700000 shares
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200000000.0 USD
CY2021Q1 lii Percentage Of Accelerated Share Repurchases Of Shares Expected To Be Repurchased
PercentageOfAcceleratedShareRepurchasesOfSharesExpectedToBeRepurchased
0.85
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
600000 shares
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10200000 USD
CY2021Q2 us-gaap Revenues
Revenues
1239000000.0 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
800000 USD
CY2020Q2 us-gaap Revenues
Revenues
941300000 USD
us-gaap Revenues
Revenues
2169400000 USD
us-gaap Revenues
Revenues
1665100000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6500000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5500000 USD
lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-1000000.0 USD
lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
0.182
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5700000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5600000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-100000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
0.018
CY2021Q2 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-12200000 USD
CY2020Q4 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-11100000 USD
lii Contractwith Customer Asset Liability Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerAssetLiabilityChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-1100000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4500000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
245900000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
280100000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
7200000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6500000 USD
CY2021Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
242300000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
207800000 USD
CY2021Q2 us-gaap Inventory Gross
InventoryGross
495400000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
494400000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-700000 USD
CY2021Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
61600000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
55000000.0 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
433800000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
439400000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
186900000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-100000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
186800000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8900000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6700000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10400000 USD
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1500000 USD
CY2020Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1400000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3100000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2800000 USD
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2020Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3100000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3300000 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2700000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2000000.0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5500000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4200000 USD
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 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
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1400000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-4200000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2900000 USD
CY2021Q2 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
CY2020Q2 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-300000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
CY2021Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
0 USD
CY2020Q2 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
0 USD
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2500000 USD
CY2020Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2400000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
5400000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4900000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3400000 USD
CY2021Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
11000000.0 USD
CY2020Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
10100000 USD
CY2021Q2 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
100000 USD
CY2020Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
200000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
265900000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
9900000 USD
CY2021Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
30300000 USD
CY2020Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
29300000 USD
CY2021Q2 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
7400000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
8600000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
977400000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
970700000 USD
CY2021Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1243300000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
980600000 USD
CY2021Q2 lii Maximum Securitization As Percentage Of Net Pool Balance
MaximumSecuritizationAsPercentageOfNetPoolBalance
1
CY2021Q2 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
320000000.0 USD
CY2020Q4 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
279100000 USD
CY2021Q2 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
255000000.0 USD
CY2020Q4 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
0 USD
CY2021Q2 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
65000000.0 USD
CY2020Q4 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
279100000 USD
lii Program Fee
ProgramFee
0.0070
CY2021Q2 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0080
CY2020Q4 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0
lii Percentage Of Maximum Available Amount Used To Charge Unused Fee
PercentageOfMaximumAvailableAmountUsedToChargeUnusedFee
1.01
CY2021Q2 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
0 USD
CY2020Q2 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
0 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
700000 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
0 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-97200000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
10700000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4100000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-93100000 USD

Files In Submission

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0001069202-21-000028.txt Edgar Link pending
0001069202-21-000028-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lii-20210630.htm Edgar Link pending
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