$LII
LENNOX INTERNATIONAL INC

2023 Q2 Form 10-Q Financial Statement

#000162828023013427 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $1.411B $1.049B
YoY Change 3.3% 3.55%
Cost Of Revenue $953.6M $742.8M
YoY Change -1.61% -0.32%
Gross Profit $457.8M $306.6M
YoY Change 15.29% 14.32%
Gross Profit Margin 32.44% 29.22%
Selling, General & Admin $181.3M $167.5M
YoY Change 6.9% 7.86%
% of Gross Profit 39.6% 54.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.90M $19.60M
YoY Change 10.0% 4.26%
% of Gross Profit 4.57% 6.39%
Operating Expenses $180.4M $167.5M
YoY Change 6.37% 7.86%
Operating Profit $277.4M $139.5M
YoY Change 22.26% 24.66%
Interest Expense -$9.800M $14.20M
YoY Change -212.64% 108.82%
% of Operating Profit -3.53% 10.18%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $263.7M $125.1M
YoY Change 21.35% 19.83%
Income Tax $46.50M $27.10M
% Of Pretax Income 17.63% 21.66%
Net Earnings $217.2M $98.00M
YoY Change 22.57% 17.22%
Net Earnings / Revenue 15.39% 9.34%
Basic Earnings Per Share $6.12 $2.76
Diluted Earnings Per Share $6.10 $2.75
COMMON SHARES
Basic Shares Outstanding 35.50M shares 35.47M shares
Diluted Shares Outstanding 35.60M shares 35.60M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.60M $47.50M
YoY Change -6.54% 18.75%
Cash & Equivalents $51.40M $40.40M
Short-Term Investments $7.200M $7.100M
Other Short-Term Assets $68.60M $77.50M
YoY Change -24.62% -32.78%
Inventory $856.0M $904.1M
Prepaid Expenses
Receivables $843.6M $642.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.827B $1.672B
YoY Change 12.14% 16.31%
LONG-TERM ASSETS
Property, Plant & Equipment $822.7M $567.2M
YoY Change 58.36% 9.43%
Goodwill $186.4M $186.3M
YoY Change 0.11% -0.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $145.4M $93.50M
YoY Change 60.66% 4.35%
Total Long-Term Assets $1.155B $1.099B
YoY Change 12.1% 7.76%
TOTAL ASSETS
Total Short-Term Assets $1.827B $1.672B
Total Long-Term Assets $1.155B $1.099B
Total Assets $2.981B $2.770B
YoY Change 12.12% 12.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $470.1M $445.0M
YoY Change -3.19% -2.69%
Accrued Expenses $475.3M $341.7M
YoY Change 23.52% 5.11%
Deferred Revenue $13.40M $12.50M
YoY Change 15.52% -10.71%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $761.3M $657.5M
YoY Change 6351.69% 5472.03%
Total Short-Term Liabilities $1.742B $1.526B
YoY Change 80.0% 77.61%
LONG-TERM LIABILITIES
Long-Term Debt $817.7M $1.010B
YoY Change -51.37% -36.85%
Other Long-Term Liabilities $359.1M $160.8M
YoY Change 104.27% -3.42%
Total Long-Term Liabilities $1.177B $160.8M
YoY Change 569.4% -3.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.742B $1.526B
Total Long-Term Liabilities $1.177B $160.8M
Total Liabilities $2.919B $2.896B
YoY Change -4.63% 1.02%
SHAREHOLDERS EQUITY
Retained Earnings $3.309B $3.131B
YoY Change 13.73% 13.04%
Common Stock $1.170B $1.162B
YoY Change 2.21% 4.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.341B $4.340B
YoY Change 0.07% 3.07%
Treasury Stock Shares
Shareholders Equity $62.60M -$125.9M
YoY Change
Total Liabilities & Shareholders Equity $2.981B $2.770B
YoY Change 12.12% 12.76%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $217.2M $98.00M
YoY Change 22.57% 17.22%
Depreciation, Depletion And Amortization $20.90M $19.60M
YoY Change 10.0% 4.26%
Cash From Operating Activities $195.5M -$78.80M
YoY Change 101.34% -19.51%
INVESTING ACTIVITIES
Capital Expenditures $49.90M $35.40M
YoY Change -338.76% 37.21%
Acquisitions
YoY Change
Other Investing Activities $1.300M $1.700M
YoY Change 225.0% 1600.0%
Cash From Investing Activities -$48.60M -$33.70M
YoY Change 137.07% 31.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -134.9M $101.1M
YoY Change 151.21% -21.69%
NET CHANGE
Cash From Operating Activities 195.5M -$78.80M
Cash From Investing Activities -48.60M -$33.70M
Cash From Financing Activities -134.9M $101.1M
Net Change In Cash 12.00M -$11.40M
YoY Change -47.6% -307.27%
FREE CASH FLOW
Cash From Operating Activities $195.5M -$78.80M
Capital Expenditures $49.90M $35.40M
Free Cash Flow $145.6M -$114.2M
YoY Change 23.39% -7.68%

Facts In Submission

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6800000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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0.0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6100000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1800000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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5000000.0 usd
CY2023Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
800000 usd
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2000000.0 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
83600000 usd
CY2022Q1 us-gaap Dividends
Dividends
0.92 usd
CY2022Q1 us-gaap Dividends Common Stock Cash
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33100000 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
200000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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200000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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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
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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
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204900000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
98000000.0 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
83600000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
700000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023Q1 us-gaap Restructuring Costs
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CY2022Q1 us-gaap Restructuring Costs
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500000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000.0 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1400000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
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CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6100000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4700000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
19600000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18800000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Pension Expense
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700000 usd
CY2022Q1 us-gaap Pension Expense
PensionExpense
1400000 usd
CY2023Q1 us-gaap Pension Contributions
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1200000 usd
CY2022Q1 us-gaap Pension Contributions
PensionContributions
100000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
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300000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
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900000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
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34900000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
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96900000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
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150400000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
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168800000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
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22300000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
67500000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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800000 usd
CY2022Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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20800000 usd
CY2023Q1 us-gaap Increase Decrease In Leasing Receivables
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CY2022Q1 us-gaap Increase Decrease In Leasing Receivables
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3000000.0 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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300000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35400000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25800000 usd
CY2023Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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CY2022Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
200000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 usd
CY2022Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
90000000.0 usd
CY2023Q1 us-gaap Repayments Of Other Debt
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53000000.0 usd
CY2022Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
61000000.0 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
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3200000 usd
CY2022Q1 us-gaap Repayments Of Senior Debt
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3200000 usd
CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
610500000 usd
CY2022Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
722500000 usd
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
414500000 usd
CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
381500000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
900000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
900000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000000.0 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2000000.0 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4900000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37600000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33700000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
101100000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129100000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-11400000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5500000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-800000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52600000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31000000.0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40400000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34300000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34400000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5200000 usd
CY2023Q1 us-gaap Use Of Estimates
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<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.
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q1 us-gaap Revenues
Revenues
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CY2022Q1 us-gaap Revenues
Revenues
1013400000 usd
CY2023Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
141700000 usd
CY2022Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
114600000 usd
CY2023Q1 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
SegmentReportingReconcilingItemInLossesAndOtherExpensesFromSegmentToConsolidatedAmount
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CY2022Q1 lii Segment Reporting Reconciling Item In Losses And Other Expenses From Segment To Consolidated Amount
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CY2023Q1 us-gaap Restructuring Charges
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0 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
500000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
139500000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
111900000 usd
CY2022Q1 us-gaap Revenues
Revenues
1013400000 usd
CY2022Q2 us-gaap Revenues
Revenues
1366300000 usd
CY2022Q3 us-gaap Revenues
Revenues
1244900000 usd
CY2022Q4 us-gaap Revenues
Revenues
1093800000 usd
CY2022 us-gaap Revenues
Revenues
4718400000 usd
CY2022Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
114600000 usd
CY2022Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
229800000 usd
CY2022Q3 lii Segment Profit And Loss
SegmentProfitAndLoss
189300000 usd
CY2022Q4 lii Segment Profit And Loss
SegmentProfitAndLoss
132200000 usd
CY2022 lii Segment Profit And Loss
SegmentProfitAndLoss
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CY2021Q1 us-gaap Revenues
Revenues
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CY2021Q2 us-gaap Revenues
Revenues
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CY2021Q3 us-gaap Revenues
Revenues
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CY2021Q4 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2021Q1 lii Segment Profit And Loss
SegmentProfitAndLoss
115700000 usd
CY2021Q2 lii Segment Profit And Loss
SegmentProfitAndLoss
221600000 usd
CY2021Q3 lii Segment Profit And Loss
SegmentProfitAndLoss
164800000 usd
CY2021Q4 lii Segment Profit And Loss
SegmentProfitAndLoss
101900000 usd
CY2021 lii Segment Profit And Loss
SegmentProfitAndLoss
603900000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
98000000.0 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
83600000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35500000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36300000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36500000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.76
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.76
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.30
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.30
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.75
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.29
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2023Q1 lii Operating Lease Right Of Use Asset Percentage Related To Leases Of Real Estate
OperatingLeaseRightOfUseAssetPercentageRelatedToLeasesOfRealEstate
82
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
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CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
41300000 usd
CY2023Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
103000000.0 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
101400000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142700000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142700000 usd
CY2023Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8000000.0 usd
CY2023Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11100000 usd
CY2023Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-600000 usd
CY2023Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
145300000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000000 usd
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
546000000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2000000 usd
CY2023Q1 us-gaap Revenues
Revenues
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CY2022Q1 us-gaap Revenues
Revenues
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CY2023Q1 us-gaap Contract With Customer Liability Current
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12500000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
6400000 usd
CY2023Q1 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
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CY2022Q4 lii Contractwith Customer Asset Liability Net
ContractwithCustomerAssetLiabilityNet
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CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3700000 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
632300000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
534600000 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
9000000.0 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8900000 usd
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
382100000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
328700000 usd
CY2023Q1 us-gaap Inventory Gross
InventoryGross
1023400000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
872200000 usd
CY2023Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
119300000 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
119200000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
904100000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
753000000.0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
186300000 usd
CY2023Q1 us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
0 usd
CY2023Q1 us-gaap Goodwill
Goodwill
186300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2200000 usd
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6100000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4700000 usd
CY2023Q1 us-gaap Defined Benefit Plan Service Cost
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600000 usd
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1100000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2400000 usd
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1500000 usd
CY2023Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-100000 usd
CY2022Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-100000 usd
CY2023Q1 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-200000 usd
CY2022Q1 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-100000 usd
CY2023Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
700000 usd
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1800000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3800000 usd
CY2023Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1667600000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1524800000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10900000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
11200000 usd
CY2023Q1 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
400000 usd
CY2022Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
600000 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
657500000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
710600000 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
27800000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
28300000 usd
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
5700000 usd
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
6100000 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1010100000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
814200000 usd
CY2023Q1 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
297300000 usd
CY2022Q4 lii Eligible Amount Available Under Asset Securitization
EligibleAmountAvailableUnderAssetSecuritization
350000000.0 usd
CY2023Q1 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
297000000.0 usd
CY2022Q4 lii Beneficial Interests Soldunder Asset Securitization
BeneficialInterestsSoldunderAssetSecuritization
350000000.0 usd
CY2023Q1 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
300000 usd
CY2022Q4 lii Asset Securitization Borrowing Capacity
AssetSecuritizationBorrowingCapacity
0 usd
CY2023Q1 lii Program Fee
ProgramFee
0.0070
CY2023Q1 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0558
CY2022Q4 lii Average Floating Commercial Paper Rate
AverageFloatingCommercialPaperRate
0.0517
CY2023Q1 lii Percentage Of Maximum Available Amount Used To Charge Unused Fee
PercentageOfMaximumAvailableAmountUsedToChargeUnusedFee
1.01
CY2023Q1 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
200000 usd
CY2022Q1 lii Noncashpensionsettlementloss
Noncashpensionsettlementloss
100000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-90600000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
11400000 usd
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-600000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12000000.0 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-78600000 usd

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