$LITE
Lumentum Holdings Inc.

2022 Q1 Form 10-Q Financial Statement

#000162828022001745 Filed on February 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2020 Q4
Revenue $446.7M $478.8M
YoY Change 4.59%
Cost Of Revenue $239.2M $249.2M
YoY Change -7.26%
Gross Profit $207.5M $229.6M
YoY Change 21.42%
Gross Profit Margin 46.45% 47.95%
Selling, General & Admin $69.00M $61.30M
YoY Change -1.76%
% of Gross Profit 33.25% 26.7%
Research & Development $53.20M $52.80M
YoY Change 3.53%
% of Gross Profit 25.64% 23.0%
Depreciation & Amortization $20.60M $23.80M
YoY Change -17.07%
% of Gross Profit 9.93% 10.37%
Operating Expenses $122.3M $114.3M
YoY Change 0.0%
Operating Profit $85.20M $115.3M
YoY Change 54.14%
Interest Expense $17.10M $16.30M
YoY Change -10.93%
% of Operating Profit 20.07% 14.14%
Other Income/Expense, Net $1.000M -$900.0K
YoY Change -175.0%
Pretax Income $69.10M $98.10M
YoY Change 70.02%
Income Tax $12.40M $14.90M
% Of Pretax Income 17.95% 15.19%
Net Earnings $56.70M $83.20M
YoY Change 69.45%
Net Earnings / Revenue 12.69% 17.38%
Basic Earnings Per Share $0.78 $1.10
Diluted Earnings Per Share $0.75 $1.06
COMMON SHARES
Basic Shares Outstanding 72.30M shares 75.60M shares
Diluted Shares Outstanding 75.30M shares 78.40M shares

Balance Sheet

Concept 2022 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.022B $1.700B
YoY Change 29.24%
Cash & Equivalents $552.0M $321.3M
Short-Term Investments $1.470B $1.379B
Other Short-Term Assets $70.40M $82.10M
YoY Change 85.75%
Inventory $208.1M $207.1M
Prepaid Expenses
Receivables $239.2M $276.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.540B $2.266B
YoY Change 20.35%
LONG-TERM ASSETS
Property, Plant & Equipment $434.7M $457.6M
YoY Change -9.51%
Goodwill $368.9M $368.9M
YoY Change 0.0%
Intangibles $198.3M $285.2M
YoY Change -20.34%
Long-Term Investments
YoY Change
Other Assets $6.500M $5.400M
YoY Change 20.0%
Total Long-Term Assets $1.076B $1.202B
YoY Change -10.18%
TOTAL ASSETS
Total Short-Term Assets $2.540B $2.266B
Total Long-Term Assets $1.076B $1.202B
Total Assets $3.616B $3.468B
YoY Change 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $118.2M $111.3M
YoY Change -22.55%
Accrued Expenses $41.00M $32.70M
YoY Change -12.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $401.0M $380.6M
YoY Change 5260.56%
Total Short-Term Liabilities $656.7M $647.3M
YoY Change 112.79%
LONG-TERM LIABILITIES
Long-Term Debt $810.3M $769.1M
YoY Change -29.58%
Other Long-Term Liabilities $42.00M $38.10M
YoY Change 15.45%
Total Long-Term Liabilities $42.00M $38.10M
YoY Change 15.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $656.7M $647.3M
Total Long-Term Liabilities $42.00M $38.10M
Total Liabilities $1.594B $1.546B
YoY Change 0.44%
SHAREHOLDERS EQUITY
Retained Earnings $237.5M $214.9M
YoY Change 732.95%
Common Stock $100.0K $100.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.022B $1.922B
YoY Change
Total Liabilities & Shareholders Equity $3.616B $3.468B
YoY Change 7.67%

Cashflow Statement

Concept 2022 Q1 2020 Q4
OPERATING ACTIVITIES
Net Income $56.70M $83.20M
YoY Change 69.45%
Depreciation, Depletion And Amortization $20.60M $23.80M
YoY Change -17.07%
Cash From Operating Activities $206.5M $128.5M
YoY Change -20.83%
INVESTING ACTIVITIES
Capital Expenditures -$26.10M -$34.20M
YoY Change 23.47%
Acquisitions
YoY Change
Other Investing Activities -$202.8M -$40.80M
YoY Change -163.95%
Cash From Investing Activities -$228.9M -$75.00M
YoY Change -307.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.60M -1.700M
YoY Change -100.49%
NET CHANGE
Cash From Operating Activities 206.5M 128.5M
Cash From Investing Activities -228.9M -75.00M
Cash From Financing Activities -36.60M -1.700M
Net Change In Cash -59.00M 51.80M
YoY Change -90.51%
FREE CASH FLOW
Cash From Operating Activities $206.5M $128.5M
Capital Expenditures -$26.10M -$34.20M
Free Cash Flow $232.6M $162.7M
YoY Change -14.37%

Facts In Submission

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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56700000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
56700000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
56700000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2300000 USD
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-8300000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6600000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29900000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27700000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
2021900000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1749200000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
67100000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1500000 USD
CY2020Q3 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-19100000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20300000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1816100000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
83200000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-400000 USD
CY2020Q4 lite Stock Issued During Period Value Sharebased Compensation Net Of Taxes
StockIssuedDuringPeriodValueSharebasedCompensationNetOfTaxes
-7100000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5500000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24600000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1921900000 USD
us-gaap Net Income Loss
NetIncomeLoss
138200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
150300000 USD
us-gaap Net Income Loss
NetIncomeLoss
150300000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
150300000 USD
us-gaap Depreciation
Depreciation
41000000.0 USD
us-gaap Depreciation
Depreciation
47600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
52100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
43600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41600000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5000000.0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-4700000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
30800000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
29100000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6600000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3800000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43700000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11000000.0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16900000 USD
lite Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
7700000 USD
lite Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
-6900000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7300000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9800000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
5400000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-11000000.0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4800000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-35800000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4000000.0 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-6500000 USD
lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-8700000 USD
lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
2500000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
10100000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
9800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
268400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
233200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50500000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
10000000.0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1300000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
648000000.0 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
952200000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
340200000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
822400000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000000.0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-345800000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-189000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
126600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
24900000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
26200000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
6600000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
5500000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-144900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20900000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-222300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23300000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
774300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
298000000.0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
552000000.0 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
321300000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
36000000.0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
20500000 USD
us-gaap Interest Paid Net
InterestPaidNet
3200000 USD
us-gaap Interest Paid Net
InterestPaidNet
3200000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7100000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6900000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12400000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Years</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We utilize a 52-53 week fiscal year ending on the Saturday closest to June 30th. Every fifth or sixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the third quarter, making such quarter consist of 14 weeks. Our fiscal 2022 is a 52-week year ending on July 2, 2022, with the quarter ended January 1, 2022 being a 13-week quarterly period. Our fiscal 2021 was a 53-week year that ended on July 3, 2021, with the quarter ended December 26, 2020 being a 13-week quarterly period.</span></div>
CY2022Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
56700000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56700000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
56700000 USD
CY2020Q4 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
83200000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
83200000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
138200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
138200000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
150300000 USD
us-gaap Net Income Loss
NetIncomeLoss
150300000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
150300000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72300000 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75500000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2500000 shares
CY2020Q4 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2100000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2300000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2000000.0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75300000 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78300000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.92
CY2022Q1 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
400000 shares
CY2020Q4 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
500000 shares
CY2022Q1 us-gaap Cash
Cash
212300000 USD
CY2022Q1 us-gaap Cash
Cash
212300000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
552000000.0 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
552000000.0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1473000000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
100000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2700000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1470400000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1171800000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1171700000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 USD
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
600000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1200000 USD
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-900000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-300000 USD
CY2020Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
1500000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
3900000 USD
CY2022Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
4400000 USD
CY2021Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
4100000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1311300000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2700000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
617500000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
400000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
850900000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
850200000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
587000000.0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
587100000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
622100000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
620200000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
584800000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
584600000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1473000000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1470400000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1171800000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1171700000 USD
CY2022Q1 us-gaap Cash
Cash
212300000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
71600000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64400000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
86900000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
79000000.0 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
49600000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
53000000.0 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
208100000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
196400000 USD
CY2022Q1 lite Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
99700000 USD
CY2021Q3 lite Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
87300000 USD
CY2022Q1 lite Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
24600000 USD
CY2021Q3 lite Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
19900000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
75100000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
67400000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
789200000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
772000000.0 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
429600000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
410900000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
359600000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
361100000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
20600000 USD
us-gaap Depreciation
Depreciation
41000000 USD
CY2020Q4 us-gaap Depreciation
Depreciation
23800000 USD
us-gaap Depreciation
Depreciation
47600000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
300000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5700000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8600000 USD
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20500000 USD
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43500000 USD
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4500000 USD
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3000000.0 USD
CY2022Q1 us-gaap Other Liabilities Current
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33900000 USD
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57800000 USD
CY2022Q1 us-gaap Accrued Income Taxes Noncurrent
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4700000 USD
CY2021Q3 us-gaap Accrued Income Taxes Noncurrent
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4700000 USD
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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10900000 USD
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PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
10800000 USD
CY2022Q1 lite Unrecognized Tax Benefits Noncurrent
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25900000 USD
CY2021Q3 lite Unrecognized Tax Benefits Noncurrent
UnrecognizedTaxBenefitsNoncurrent
23000000.0 USD
CY2022Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
500000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
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2400000 USD
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42000000.0 USD
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40900000 USD
lite Sublease Income Term
SubleaseIncomeTerm
P2Y
CY2022Q1 lite Finance Lease Cost
FinanceLeaseCost
0 USD
CY2020Q4 lite Finance Lease Cost
FinanceLeaseCost
100000 USD
lite Finance Lease Cost
FinanceLeaseCost
0 USD
lite Finance Lease Cost
FinanceLeaseCost
300000 USD
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3300000 USD
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3600000 USD
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400000 USD
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600000 USD
us-gaap Variable Lease Cost
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800000 USD
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1000000.0 USD
CY2022Q1 lite Short Term And Variable Lease Cost
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100000 USD
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ShortTermAndVariableLeaseCost
600000 USD
lite Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
200000 USD
lite Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
1300000 USD
CY2022Q1 us-gaap Sublease Income
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800000 USD
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SubleaseIncome
700000 USD
us-gaap Sublease Income
SubleaseIncome
1600000 USD
us-gaap Sublease Income
SubleaseIncome
1400000 USD
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us-gaap Lease Cost
LeaseCost
6100000 USD
us-gaap Lease Cost
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8400000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y3M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7100000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13500000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12900000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9500000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7900000 USD
CY2022Q1 lite Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
25300000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
76200000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8100000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68100000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1300000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
800000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
368900000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
368900000 USD
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
560000000.0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
361700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
198300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
560000000.0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
318800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
241200000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21500000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41600000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3200000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6400000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
456400000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5300000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5300000 USD
CY2022Q1 lite Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1052400000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1529000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1500000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-400000 USD
CY2021Q4 us-gaap Restructuring Reserve Current
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800000 USD
CY2020Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
4400000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5700000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5200000 USD
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
100000 USD
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
200000 USD
us-gaap Restructuring Charges
RestructuringCharges
-1000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
200000 USD
CY2022Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
600000 USD
CY2020Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
4400000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
800000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
300000 USD
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24100000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
4600000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
300000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
4600000 USD
us-gaap Restructuring Charges
RestructuringCharges
-1000000 USD
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
200000 USD
us-gaap Restructuring Charges
RestructuringCharges
200000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30500000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-2200000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
27200000 USD
CY2022Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
3600000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27300000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43600000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4200000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8200000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8800000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5300000 USD
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4600000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2300000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3000000.0 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1300000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
100000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4100000 shares
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
700000000 USD
CY2021Q2 lite Stock Repurchase Program Term
StockRepurchaseProgramTerm
P2Y
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1400000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
84.31
lite Payments For Repurchase Of Common Stock Excluding Accrued Repurchases
PaymentsForRepurchaseOfCommonStockExcludingAccruedRepurchases
121600000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4500000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
79.89
CY2022Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
314500000 USD
lite Supply Agreement Typical Duration
SupplyAgreementTypicalDuration
P1Y
lite Standard Product Warranty Term
StandardProductWarrantyTerm
P12M
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5100000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7600000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2022Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3800000 USD
CY2020Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
200000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5500000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4100000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
300000 USD
CY2020Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2100000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1900000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3400000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8600000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
239200000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
212800000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5700000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8600000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5700000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q1 us-gaap Gross Profit
GrossProfit
207500000 USD
CY2020Q4 us-gaap Gross Profit
GrossProfit
229600000 USD
us-gaap Gross Profit
GrossProfit
439700000 USD
us-gaap Gross Profit
GrossProfit
435300000 USD
lite Geographic Regions Number
GeographicRegionsNumber
3 region
lite Geographic Regions Number
GeographicRegionsNumber
3 region
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
446700000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
478800000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
895100000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
931200000 USD
CY2022Q1 us-gaap Noncurrent Assets
NoncurrentAssets
359600000 USD
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
361100000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
446700000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
478800000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
895100000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
931200000 USD
lite Contract With Customer Asset Period Increase Decrease
ContractWithCustomerAssetPeriodIncreaseDecrease
26400000 USD
lite Contract With Customer Asset Period Increase Decrease Percent
ContractWithCustomerAssetPeriodIncreaseDecreasePercent
0.124
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
600000 USD
lite Contract With Customer Liability Period Increase Decrease
ContractWithCustomerLiabilityPeriodIncreaseDecrease
-600000 USD
lite Contract With Customer Liability Period Increase Decrease Percent
ContractWithCustomerLiabilityPeriodIncreaseDecreasePercent
-1.000

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