2021 Q4 Form 10-Q Financial Statement

#000162828021020422 Filed on October 25, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $964.8M $1.060B $914.0M
YoY Change 5.56% 0.46% 3.28%
Cost Of Revenue $711.2M $764.7M $638.7M
YoY Change 11.35% 4.51% 0.25%
Gross Profit $253.6M $295.2M $275.3M
YoY Change -7.88% -8.69% 11.1%
Gross Profit Margin 26.29% 27.85% 30.12%
Selling, General & Admin $151.5M $134.2M $143.2M
YoY Change 5.8% -11.59% -0.76%
% of Gross Profit 59.74% 45.46% 52.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.10M $17.70M $17.20M
YoY Change 11.05% 1.14% -4.44%
% of Gross Profit 7.53% 6.0% 6.25%
Operating Expenses $155.1M $134.2M $140.0M
YoY Change 10.79% -11.59% -5.15%
Operating Profit $98.50M $162.7M $135.3M
YoY Change -27.2% -2.63% 35.03%
Interest Expense -$5.000M $6.500M -$700.0K
YoY Change 614.29% 0.0% -90.41%
% of Operating Profit -5.08% 4.0% -0.52%
Other Income/Expense, Net -$1.100M -$1.100M -$1.100M
YoY Change 0.0% 0.0% 83.33%
Pretax Income $90.20M $154.8M $131.5M
YoY Change -31.41% -2.76% -7.0%
Income Tax $6.700M $28.50M $19.30M
% Of Pretax Income 7.43% 18.41% 14.68%
Net Earnings $83.60M $126.3M $111.7M
YoY Change -25.16% -4.1% -2.02%
Net Earnings / Revenue 8.67% 11.92% 12.22%
Basic Earnings Per Share $3.43 $2.92
Diluted Earnings Per Share $2.266M $3.41 $2.89
COMMON SHARES
Basic Shares Outstanding 36.60M shares 36.80M shares 38.29M shares
Diluted Shares Outstanding 37.00M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.50M $44.30M $129.0M
YoY Change -71.71% -25.04% 220.9%
Cash & Equivalents $31.00M $39.40M $123.9M
Short-Term Investments $5.500M $4.900M $5.100M
Other Short-Term Assets $119.7M $99.00M $70.90M
YoY Change 68.83% 85.05% 20.58%
Inventory $510.9M $461.0M $439.4M
Prepaid Expenses
Receivables $508.3M $580.6M $448.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.175B $1.185B $1.088B
YoY Change 8.07% 11.36% -2.97%
LONG-TERM ASSETS
Property, Plant & Equipment $515.1M $480.3M $464.3M
YoY Change 10.94% 7.96% 4.24%
Goodwill $186.6M $186.7M $186.9M
YoY Change -0.16% 0.0% 0.21%
Intangibles
YoY Change
Long-Term Investments $37.70M $37.00M
YoY Change 1.89% -4.15%
Other Assets $87.40M $84.20M $86.10M
YoY Change 1.51% 13.17% 8.99%
Total Long-Term Assets $996.5M $938.6M $944.9M
YoY Change 5.46% 2.33% 3.38%
TOTAL ASSETS
Total Short-Term Assets $1.175B $1.185B $1.088B
Total Long-Term Assets $996.5M $938.6M $944.9M
Total Assets $2.172B $2.124B $2.033B
YoY Change 6.86% 7.18% -0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $402.1M $401.6M $340.3M
YoY Change 18.16% 11.25% -8.62%
Accrued Expenses $358.9M $344.0M $296.1M
YoY Change 21.21% 19.53% 15.8%
Deferred Revenue $10.20M $8.300M $5.500M
YoY Change 85.45% 18.57% -34.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.30M $10.60M $9.900M
YoY Change 14.14% 10.42% -96.92%
Total Short-Term Liabilities $827.1M $1.100B $701.3M
YoY Change 17.94% 54.77% -30.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.227B $977.6M $970.7M
YoY Change 26.35% -2.88% 14.29%
Other Long-Term Liabilities $159.0M $154.8M $142.3M
YoY Change 11.74% 9.09% 5.64%
Total Long-Term Liabilities $159.0M $154.8M $142.3M
YoY Change 11.74% 9.09% 5.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $827.1M $1.100B $701.3M
Total Long-Term Liabilities $159.0M $154.8M $142.3M
Total Liabilities $2.441B $2.458B $2.050B
YoY Change 19.09% 17.23% -7.05%
SHAREHOLDERS EQUITY
Retained Earnings $2.719B $2.669B $2.386B
YoY Change 13.98% 15.86% 11.03%
Common Stock $1.135B $1.128B $1.114B
YoY Change 1.84% 1.63% 1.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.035B $4.031B $3.420B
YoY Change 17.98% 18.04% 3.33%
Treasury Stock Shares 50.54M shares 50.58M shares 48.82M shares
Shareholders Equity -$269.0M -$334.8M -$17.10M
YoY Change
Total Liabilities & Shareholders Equity $2.172B $2.124B $2.033B
YoY Change 6.86% 7.18% -0.12%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $83.60M $126.3M $111.7M
YoY Change -25.16% -4.1% -2.02%
Depreciation, Depletion And Amortization $19.10M $17.70M $17.20M
YoY Change 11.05% 1.14% -4.44%
Cash From Operating Activities $119.2M $221.8M $166.2M
YoY Change -28.28% -49.56% -38.81%
INVESTING ACTIVITIES
Capital Expenditures -$38.30M -$23.00M -$22.60M
YoY Change 69.47% 85.48% -20.98%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$2.000M -$600.0K
YoY Change -16.67% -1100.0% -100.89%
Cash From Investing Activities -$38.80M -$25.00M -$23.20M
YoY Change 67.24% 104.92% -159.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -88.20M -199.7M -76.80M
YoY Change 14.84% -52.14% -76.04%
NET CHANGE
Cash From Operating Activities 119.2M 221.8M 166.2M
Cash From Investing Activities -38.80M -25.00M -23.20M
Cash From Financing Activities -88.20M -199.7M -76.80M
Net Change In Cash -7.800M -2.900M 66.20M
YoY Change -111.78% -128.43% -762.0%
FREE CASH FLOW
Cash From Operating Activities $119.2M $221.8M $166.2M
Capital Expenditures -$38.30M -$23.00M -$22.60M
Free Cash Flow $157.5M $244.8M $188.8M
YoY Change -16.58% -45.85% -37.11%

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CY2021Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2020Q3 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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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2020Q3 us-gaap Earnings Per Share Basic
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3.44
us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.42
us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.35
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
CY2020Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021Q3 us-gaap Earnings Per Share Diluted
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CY2020Q3 us-gaap Earnings Per Share Diluted
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3.42
us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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38300000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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38600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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37700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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38600000 shares
CY2021Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 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
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CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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2100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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7100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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4500000 USD
CY2021Q3 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2020Q3 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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us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2020Q3 lii Noncashpensionsettlementloss
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lii Noncashpensionsettlementloss
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lii Noncashpensionsettlementloss
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CY2020Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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6300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
3200000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
26900000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
7800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
21300000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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-5500000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-7900000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
8000000.0 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
500000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2021Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
400000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1200000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
4700000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
600000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6800000 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
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
118000000.0 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
138500000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
376200000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
233500000 USD
CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Dividends
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CY2021Q3 us-gaap Dividends Common Stock Cash
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33800000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-6700000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
600000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
400000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-600000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
200000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2021Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
205900000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
131700000 USD
CY2020Q3 us-gaap Dividends
Dividends
0.77 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29500000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
6000000.0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
100000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1200000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000000.0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2300000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
700000 USD
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4500000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
380400000 USD
us-gaap Dividends
Dividends
2.61 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
97100000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3800000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16800000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
900000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4700000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2500000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
616100000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-334800000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
244600000 USD
us-gaap Dividends
Dividends
2.31 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
88300000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-11800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1200000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18400000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
500000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1700000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2300000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
110100000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
380400000 USD
us-gaap Net Income Loss
NetIncomeLoss
244600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11200000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9100000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9300000 USD
us-gaap Restructuring Costs
RestructuringCosts
1100000 USD
us-gaap Restructuring Costs
RestructuringCosts
3500000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4300000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5000000.0 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
200000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Share Based Compensation
ShareBasedCompensation
16800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
18400000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
53300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
55400000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5600000 USD
us-gaap Pension Expense
PensionExpense
8400000 USD
us-gaap Pension Expense
PensionExpense
7700000 USD
us-gaap Pension Contributions
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1100000 USD
us-gaap Pension Contributions
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2800000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-100000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
139500000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
69300000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21100000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13100000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
65000000.0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
49400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
29600000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
101600000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55100000 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 Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
6800000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
396300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
446200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
700000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55900000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-200000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
1300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56500000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4600000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
4600000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
504000000.0 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
91000000.0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
214000000.0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
376000000.0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
3000000.0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
5400000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
600000000.0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1021400000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1509500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1012500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1980500000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7100000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
600000000.0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2021Q3 us-gaap Revenues
Revenues
1059900000 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
16100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10100000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
92800000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
88600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-410500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-365000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-81800000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
24700000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2700000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7000000.0 USD
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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39400000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55000000.0 USD
us-gaap Interest Paid Net
InterestPaidNet
17700000 USD
us-gaap Interest Paid Net
InterestPaidNet
19000000.0 USD
CY2020Q3 us-gaap Revenues
Revenues
1055000000 USD
us-gaap Revenues
Revenues
3229300000 USD
us-gaap Revenues
Revenues
2720100000 USD
CY2021Q3 lii Segment Profit And Loss
SegmentProfitAndLoss
164800000 USD
CY2020Q3 lii Segment Profit And Loss
SegmentProfitAndLoss
176500000 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
502000000.0 USD
lii Segment Profit And Loss
SegmentProfitAndLoss
367200000 USD
CY2021Q3 lii Specialinventorywritedown
Specialinventorywritedown
1100000 USD
CY2020Q3 lii Specialinventorywritedown
Specialinventorywritedown
0 USD
lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
lii Specialinventorywritedown
Specialinventorywritedown
1000000.0 USD
CY2021Q3 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
0 USD
CY2020Q3 lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
4900000 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
0 USD
lii Net Lossgainfromnaturaldisaster
NetLossgainfromnaturaldisaster
7600000 USD
CY2021Q3 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-2900000 USD
CY2020Q3 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-4400000 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-8700000 USD
lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-10500000 USD
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
100000 USD
us-gaap Restructuring Charges
RestructuringCharges
1600000 USD
us-gaap Restructuring Charges
RestructuringCharges
10600000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
162700000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
167100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
492700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
339500000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
126300000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
131700000 USD
us-gaap Net Income Loss
NetIncomeLoss
380400000 USD
us-gaap Net Income Loss
NetIncomeLoss
244600000 USD
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2020Q3 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
-100000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-300000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
126300000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
131700000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
380500000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
244900000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36800000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2020Q3 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
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37000000.0 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38600000 shares
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.43
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.44
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
10.17
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.39
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2020Q3 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
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.38
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.41
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.42
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
10.10
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.35
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2020Q3 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
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.41
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.34
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 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
100000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
0
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
38400000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
37700000 USD
CY2021Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
94700000 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
82100000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
133100000 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
28100000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
37200000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4200000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
133100000 USD
CY2021Q1 lii Percentage Of Accelerated Share Repurchases Of Shares Expected To Be Repurchased
PercentageOfAcceleratedShareRepurchasesOfSharesExpectedToBeRepurchased
0.85
CY2021Q3 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1800000 USD
CY2020Q3 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
2400000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
4500000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1900000 USD
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
846000000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200000000 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 USD
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
600000 shares
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200000000 USD
CY2021Q1 lii Percentage Of Accelerated Share Repurchases Of Shares Expected To Be Repurchased
PercentageOfAcceleratedShareRepurchasesOfSharesExpectedToBeRepurchased
0.85
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
600000 shares
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16100000 USD
CY2021Q3 us-gaap Revenues
Revenues
1059900000 USD
CY2020Q3 us-gaap Revenues
Revenues
1055000000 USD
us-gaap Revenues
Revenues
3229300000 USD
us-gaap Revenues
Revenues
2720100000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8300000 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
-2800000 USD
lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
0.509
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5200000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5600000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
9600000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6500000 USD
CY2021Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
254700000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
400000 USD
lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
-0.071
CY2021Q3 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-13500000 USD
CY2020Q4 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-11100000 USD
lii Contractwith Customer Asset Liability Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerAssetLiabilityChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-2400000 USD
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
600000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5900000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
264100000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
280100000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
207800000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
528400000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
494400000 USD
CY2021Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
67400000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
55000000.0 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
461000000.0 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
-200000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
186700000 USD
CY2020Q3 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
7100000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6200000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-600000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8000000.0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18400000 USD
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1500000 USD
CY2020Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1400000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4600000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4200000 USD
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1000000.0 USD
CY2020Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4100000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5000000.0 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1700000 USD
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2020Q3 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
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1800000 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1400000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-6000000.0 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-4300000 USD
CY2021Q3 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
CY2020Q3 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
100000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-400000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
CY2021Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-300000 USD
CY2020Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-300000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-1100000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-300000 USD
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3000000.0 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2800000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8400000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7700000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3400000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10600000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10100000 USD
CY2021Q3 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
0 USD
CY2020Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
200000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
300600000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
9900000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
27800000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29300000 USD
CY2021Q3 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
9200000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
8600000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
977600000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
970700000 USD
CY2021Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1278200000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
980600000 USD
CY2021Q3 lii Maximum Securitization As Percentage Of Net Pool Balance
MaximumSecuritizationAsPercentageOfNetPoolBalance
1
CY2021Q3 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
369800000 USD
CY2020Q4 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
279100000 USD
CY2021Q3 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
290000000.0 USD
CY2020Q4 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
0 USD
CY2021Q3 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
79800000 USD
CY2020Q4 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
279100000 USD
lii Program Fee
ProgramFee
0.0070
CY2021Q3 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0078
CY2020Q4 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0
lii Percentage Of Maximum Available Amount Used To Charge Unused Fee
PercentageOfMaximumAvailableAmountUsedToChargeUnusedFee
1.01
CY2021Q3 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
-300000 USD
CY2020Q3 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
-300000 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
-1100000 USD
lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
-300000 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
6900000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
11100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4200000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-101400000 USD

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