$LII
LENNOX INTERNATIONAL INC

2022 Q1 Form 10-Q Financial Statement

#000162828022010108 Filed on April 25, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.013B $930.5M
YoY Change 8.91% 28.56%
Cost Of Revenue $745.2M $674.0M
YoY Change 10.56% 20.77%
Gross Profit $268.2M $256.5M
YoY Change 4.56% 54.8%
Gross Profit Margin 26.47% 27.57%
Selling, General & Admin $155.3M $145.3M
YoY Change 6.88% 10.83%
% of Gross Profit 57.9% 56.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.80M $17.40M
YoY Change 8.05% -8.42%
% of Gross Profit 7.01% 6.78%
Operating Expenses $155.3M $145.3M
YoY Change 6.88% 10.83%
Operating Profit $111.9M $114.1M
YoY Change -1.93% 213.46%
Interest Expense $6.800M $6.000M
YoY Change 13.33% -31.03%
% of Operating Profit 6.08% 5.26%
Other Income/Expense, Net -$600.0K -$1.000M
YoY Change -40.0% -16.67%
Pretax Income $104.4M $106.4M
YoY Change -1.88% 301.51%
Income Tax $20.80M $22.20M
% Of Pretax Income 19.92% 20.86%
Net Earnings $83.60M $84.20M
YoY Change -0.71% 552.71%
Net Earnings / Revenue 8.25% 9.05%
Basic Earnings Per Share $2.30 $2.22
Diluted Earnings Per Share $2.29 $2.20
COMMON SHARES
Basic Shares Outstanding 36.30M shares 38.00M shares
Diluted Shares Outstanding 36.50M shares 38.20M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00M $40.00M
YoY Change 0.0% -6.54%
Cash & Equivalents $34.30M $35.50M
Short-Term Investments $5.700M $4.500M
Other Short-Term Assets $115.3M $73.30M
YoY Change 57.3% -5.78%
Inventory $678.9M $502.3M
Prepaid Expenses
Receivables $603.0M $522.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.437B $1.138B
YoY Change 26.27% -7.09%
LONG-TERM ASSETS
Property, Plant & Equipment $518.3M $466.4M
YoY Change 11.13% 5.5%
Goodwill $186.4M $186.7M
YoY Change -0.16% 0.11%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $89.60M $85.40M
YoY Change 4.92% 13.56%
Total Long-Term Assets $1.020B $936.8M
YoY Change 8.85% 3.71%
TOTAL ASSETS
Total Short-Term Assets $1.437B $1.138B
Total Long-Term Assets $1.020B $936.8M
Total Assets $2.457B $2.075B
YoY Change 18.4% -2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.3M $372.9M
YoY Change 22.63% 5.04%
Accrued Expenses $325.1M $254.5M
YoY Change 27.74% 8.25%
Deferred Revenue $14.00M $8.200M
YoY Change 70.73% -3.53%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.80M $10.10M
YoY Change 16.83% 23.17%
Total Short-Term Liabilities $859.4M $849.1M
YoY Change 1.21% -5.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.600B $1.008B
YoY Change 58.7% -15.3%
Other Long-Term Liabilities $166.5M $145.4M
YoY Change 14.51% 4.45%
Total Long-Term Liabilities $166.5M $145.4M
YoY Change 14.51% 4.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $859.4M $849.1M
Total Long-Term Liabilities $166.5M $145.4M
Total Liabilities $2.867B $2.236B
YoY Change 28.24% -8.62%
SHAREHOLDERS EQUITY
Retained Earnings $2.770B $2.441B
YoY Change 13.47% 14.55%
Common Stock $1.111B $1.091B
YoY Change 1.84% -0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.211B $3.594B
YoY Change 17.17% 5.32%
Treasury Stock Shares 51.13M shares 49.40M shares
Shareholders Equity -$410.2M -$160.7M
YoY Change
Total Liabilities & Shareholders Equity $2.457B $2.075B
YoY Change 18.4% -2.51%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $83.60M $84.20M
YoY Change -0.71% 552.71%
Depreciation, Depletion And Amortization $18.80M $17.40M
YoY Change 8.05% -8.42%
Cash From Operating Activities -$97.90M -$17.50M
YoY Change 459.43% -82.29%
INVESTING ACTIVITIES
Capital Expenditures $25.80M $24.70M
YoY Change 4.45% 0.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K $900.0K
YoY Change -88.89% -190.0%
Cash From Investing Activities -$25.70M -$23.80M
YoY Change 7.98% -7.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M $200.0M
YoY Change 0.0% 100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $129.1M -$45.50M
YoY Change -383.74% -134.21%
NET CHANGE
Cash From Operating Activities -$97.90M -$17.50M
Cash From Investing Activities -$25.70M -$23.80M
Cash From Financing Activities $129.1M -$45.50M
Net Change In Cash $5.500M -$86.80M
YoY Change -106.34% -1121.18%
FREE CASH FLOW
Cash From Operating Activities -$97.90M -$17.50M
Capital Expenditures $25.80M $24.70M
Free Cash Flow -$123.7M -$42.20M
YoY Change 193.13% -65.83%

Facts In Submission

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4700000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
3100000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9000000.0 USD
CY2022Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
900000 USD
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
204900000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-410200000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-17100000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
84200000 USD
CY2021Q1 us-gaap Dividends
Dividends
0.77 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2500000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3500000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3600000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8500000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4100000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
800000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
206000000.0 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-160700000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
83600000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
84200000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-100000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3300000 USD
CY2022Q1 us-gaap Restructuring Costs
RestructuringCosts
500000 USD
CY2021Q1 us-gaap Restructuring Costs
RestructuringCosts
300000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1400000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000.0 USD
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-100000 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
200000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4700000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8500000 USD
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18800000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
17400000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5300000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000.0 USD
CY2022Q1 us-gaap Pension Expense
PensionExpense
1400000 USD
CY2021Q1 us-gaap Pension Expense
PensionExpense
3000000.0 USD
CY2022Q1 us-gaap Pension Contributions
PensionContributions
100000 USD
CY2021Q1 us-gaap Pension Contributions
PensionContributions
400000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
900000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
100000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
96900000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
77500000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
168800000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62500000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1100000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9500000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
67500000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
41200000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-33000000.0 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-41800000 USD
CY2022Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
20800000 USD
CY2021Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
14000000.0 USD
CY2022Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-500000 USD
CY2021Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
700000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6600000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6900000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-97900000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17500000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25800000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24700000 USD
CY2022Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
200000 USD
CY2021Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-500000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25700000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23800000 USD
CY2022Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
90000000.0 USD
CY2021Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
155000000.0 USD
CY2022Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
61000000.0 USD
CY2021Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
CY2022Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
3200000 USD
CY2021Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2900000 USD
CY2022Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
722500000 USD
CY2021Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
202000000.0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31000000.0 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123900000 USD
CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
381500000 USD
CY2021Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
165000000.0 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
900000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
900000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000000.0 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000000.0 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4900000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6000000.0 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33700000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29500000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129100000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45500000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5500000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-86800000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2200000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1600000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34300000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35500000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
5800000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
5500000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5200000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8200000 USD
CY2022Q1 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.
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2022Q1 us-gaap Revenues
Revenues
1013400000 USD
CY2021Q1 us-gaap Revenues
Revenues
930500000 USD
CY2022Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
114600000 USD
CY2021Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
115700000 USD
CY2022Q1 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-2200000 USD
CY2021Q1 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
-1500000 USD
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
500000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
100000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
111900000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
114100000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
83600000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
84200000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36300000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38000000.0 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36500000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38200000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.30
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.29
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
278.00
CY2022Q1 lii Operating Lease Right Of Use Asset Percentage Related To Leases Of Real Estate
OperatingLeaseRightOfUseAssetPercentageRelatedToLeasesOfRealEstate
0.79
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
38500000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
37200000 USD
CY2022Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
104700000 USD
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
97000000.0 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143200000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
134200000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
134200000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7100000 USD
CY2022Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12700000 USD
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3500000 USD
CY2022Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143200000 USD
CY2022Q1 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1700000 USD
CY2021Q1 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1100000 USD
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
646000000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200000000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
600000 shares
CY2022Q1 lii Percentage Of Accelerated Share Repurchases Of Shares Expected To Be Repurchased
PercentageOfAcceleratedShareRepurchasesOfSharesExpectedToBeRepurchased
0.87
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4900000 USD
CY2022Q1 us-gaap Revenues
Revenues
1013400000 USD
CY2021Q1 us-gaap Revenues
Revenues
930500000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14000000.0 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10200000 USD
CY2022Q1 lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-3800000 USD
CY2022Q1 lii Contractwith Customer Liability Current Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityCurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
0.369
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5400000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5500000 USD
CY2022Q1 lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
100000 USD
CY2022Q1 lii Contractwith Customer Liability Noncurrent Net Changein Timeframe Performance Obligation Satisfied Revenue Recognized Percent
ContractwithCustomerLiabilityNoncurrentNetChangeinTimeframePerformanceObligationSatisfiedRevenueRecognizedPercent
-0.012
CY2022Q1 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-19400000 USD
CY2021Q4 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
-15700000 USD
CY2022Q1 lii Contractwith Customer Asset Liability Changein Timeframe Performance Obligation Satisfied Revenue Recognized
ContractwithCustomerAssetLiabilityChangeinTimeframePerformanceObligationSatisfiedRevenueRecognized
-3700000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3700000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000 USD
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
430400000 USD
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
310800000 USD
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
10800000 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
12400000 USD
CY2022Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
311800000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
262100000 USD
CY2022Q1 us-gaap Inventory Gross
InventoryGross
753000000.0 USD
CY2021Q4 us-gaap Inventory Gross
InventoryGross
585300000 USD
CY2022Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
74100000 USD
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
74400000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
678900000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
510900000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
186600000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-200000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
186400000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4700000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-100000 USD
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1100000 USD
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2300000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2700000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1500000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2100000 USD
CY2021Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-200000 USD
CY2022Q1 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-100000 USD
CY2021Q1 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-700000 USD
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1800000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3000000.0 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3500000 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11800000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11300000 USD
CY2022Q1 us-gaap Secured Long Term Debt
SecuredLongTermDebt
279000000.0 USD
CY2021Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
250000000.0 USD
CY2021Q4 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
85600000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31400000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29000000.0 USD
CY2022Q1 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
8400000 USD
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
9000000.0 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1599500000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1226500000 USD
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1611300000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1237800000 USD
CY2022Q1 lii Maximum Securitization As Percentage Of Net Pool Balance
MaximumSecuritizationAsPercentageOfNetPoolBalance
1
CY2022Q1 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
279400000 USD
CY2021Q4 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
335600000 USD
CY2022Q1 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
279000000.0 USD
CY2021Q4 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
250000000.0 USD
CY2022Q1 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
400000 USD
CY2022Q1 lii Program Fee
ProgramFee
0.0070
CY2022Q1 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0119
CY2021Q4 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0082
CY2022Q1 lii Percentage Of Maximum Available Amount Used To Charge Unused Fee
PercentageOfMaximumAvailableAmountUsedToChargeUnusedFee
1.01
CY2022Q1 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
100000 USD
CY2021Q1 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
700000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-88100000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
12200000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4600000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7600000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-80500000 USD

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