2020 Q1 Form 10-Q Financial Statement

#000006299620000016 Filed on April 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.581B $1.513B
YoY Change 4.49% -21.2%
Cost Of Revenue $1.034B $991.0M
YoY Change 4.34% -23.83%
Gross Profit $547.0M $522.0M
YoY Change 4.79% -3.51%
Gross Profit Margin 34.6% 34.5%
Selling, General & Admin $322.0M $316.0M
YoY Change 1.9% -15.73%
% of Gross Profit 58.87% 60.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.00M $40.00M
YoY Change -17.5% 17.65%
% of Gross Profit 6.03% 7.66%
Operating Expenses $322.0M $316.0M
YoY Change 1.9% -15.73%
Operating Profit $225.0M $197.0M
YoY Change 14.21% -19.26%
Interest Expense $35.00M $39.00M
YoY Change -10.26% -4.88%
% of Operating Profit 15.56% 19.8%
Other Income/Expense, Net -$51.00M -$44.00M
YoY Change 15.91% 0.0%
Pretax Income $174.0M $153.0M
YoY Change 13.73% -23.5%
Income Tax $33.00M $35.00M
% Of Pretax Income 18.97% 22.88%
Net Earnings $530.0M $116.0M
YoY Change 356.9% -22.15%
Net Earnings / Revenue 33.52% 7.67%
Basic Earnings Per Share $1.93 $0.39
Diluted Earnings Per Share $1.92 $0.39
COMMON SHARES
Basic Shares Outstanding 273.0M shares 293.0M shares
Diluted Shares Outstanding 274.0M shares 294.0M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $767.0M $316.0M
YoY Change 142.72% -32.62%
Cash & Equivalents $767.0M $316.0M
Short-Term Investments
Other Short-Term Assets $80.00M $110.0M
YoY Change -27.27% -6.78%
Inventory $756.0M $1.011B
Prepaid Expenses
Receivables $1.142B $1.321B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.745B $2.758B
YoY Change -0.47% -7.85%
LONG-TERM ASSETS
Property, Plant & Equipment $861.0M $1.222B
YoY Change -29.54% 3.3%
Goodwill $518.0M $889.0M
YoY Change -41.73% -0.22%
Intangibles $264.0M $392.0M
YoY Change -32.65% -8.62%
Long-Term Investments
YoY Change
Other Assets $281.0M $116.0M
YoY Change 142.24% -13.43%
Total Long-Term Assets $2.095B $2.844B
YoY Change -26.34% 7.85%
TOTAL ASSETS
Total Short-Term Assets $2.745B $2.758B
Total Long-Term Assets $2.095B $2.844B
Total Assets $4.840B $5.602B
YoY Change -13.6% -0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $743.0M $954.0M
YoY Change -22.12% -5.36%
Accrued Expenses $756.0M $680.0M
YoY Change 11.18% 5.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $295.0M
YoY Change -98.31% 154.31%
Total Short-Term Liabilities $1.504B $1.929B
YoY Change -22.03% 8.98%
LONG-TERM LIABILITIES
Long-Term Debt $2.771B $2.771B
YoY Change 0.0% -6.73%
Other Long-Term Liabilities $573.0M $860.0M
YoY Change -33.37% 21.81%
Total Long-Term Liabilities $3.344B $3.631B
YoY Change -7.9% -1.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.504B $1.929B
Total Long-Term Liabilities $3.344B $3.631B
Total Liabilities $5.005B $5.560B
YoY Change -9.98% 2.07%
SHAREHOLDERS EQUITY
Retained Earnings -$412.0M -$314.0M
YoY Change 31.21% 6.08%
Common Stock $263.0M $291.0M
YoY Change -9.62% -5.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$348.0M -$146.0M
YoY Change
Total Liabilities & Shareholders Equity $4.840B $5.602B
YoY Change -13.6% -0.5%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $530.0M $116.0M
YoY Change 356.9% -22.15%
Depreciation, Depletion And Amortization $33.00M $40.00M
YoY Change -17.5% 17.65%
Cash From Operating Activities -$92.00M -$131.0M
YoY Change -29.77% 138.18%
INVESTING ACTIVITIES
Capital Expenditures -$24.00M -$38.00M
YoY Change -36.84% -5.0%
Acquisitions $24.00M $0.00
YoY Change -100.0%
Other Investing Activities -$1.000M $5.000M
YoY Change -120.0%
Cash From Investing Activities $807.0M -$38.00M
YoY Change -2223.68% -93.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $582.0M $107.0M
YoY Change 443.93% -28.67%
Debt Paid & Issued, Net $1.000M
YoY Change
Cash From Financing Activities -$639.0M -$72.00M
YoY Change 787.5% -66.51%
NET CHANGE
Cash From Operating Activities -$92.00M -$131.0M
Cash From Investing Activities $807.0M -$38.00M
Cash From Financing Activities -$639.0M -$72.00M
Net Change In Cash $70.00M -$243.0M
YoY Change -128.81% -70.51%
FREE CASH FLOW
Cash From Operating Activities -$92.00M -$131.0M
Capital Expenditures -$24.00M -$38.00M
Free Cash Flow -$68.00M -$93.00M
YoY Change -26.88% 520.0%

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510000000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
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120000000 USD
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7000000 USD
CY2019Q1 mas Cash Provided By Used In Operating Activities Before Reconciling Adjustments
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183000000 USD
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183000000 USD
CY2019Q1 us-gaap Increase Decrease In Receivables
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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602000000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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116000000 USD
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0 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
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87000000 USD
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37000000 USD
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14000000 USD
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2000000 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Other Debt
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CY2020Q1 mas Payments Of Credit Agreement Costs
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CY2019Q1 mas Payments Of Credit Agreement Costs
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Payments To Acquire Productive Assets
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24000000 USD
CY2019Q1 us-gaap Payments To Acquire Productive Assets
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38000000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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24000000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2020Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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853000000 USD
CY2019Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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0 USD
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
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1000000 USD
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
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0 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
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-1000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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5000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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807000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-6000000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-2000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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70000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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697000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
559000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
767000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
316000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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69000000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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128000000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5000000 USD
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
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122000000 USD
CY2019Q1 mas Surrendered Non Cash
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10000000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
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35000000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-56000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
514000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11000000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
602000000 USD
CY2020Q1 mas Surrendered Non Cash
SurrenderedNonCash
13000000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
36000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-165000000 USD
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Reclassifications. </span><span style="font-family:Arial;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the 2020 presentation in the condensed consolidated financial statements. In our condensed consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified.</span></div>
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1581000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1513000000 USD
CY2020Q1 us-gaap Contract With Customer Asset Gross Current
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2000000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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40000000 USD
CY2020Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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3000000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
2000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7000000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
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33000000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40000000 USD
CY2020Q1 us-gaap Goodwill Gross
GoodwillGross
933000000 USD
CY2020Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
415000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
518000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
924000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
415000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
509000000 USD
CY2020Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
12000000 USD
CY2020Q1 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-3000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
518000000 USD
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
76000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
188000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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183000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48000000 USD
CY2020Q1 us-gaap Investments Fair Value Disclosure
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136000000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual Current
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84000000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
81000000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7000000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
34000000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2019 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
1000000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8000000 USD
CY2019 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
31000000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-1000000 USD
CY2019 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-1000000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
82000000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
84000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8000000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
420840 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
48
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
16240 shares
CY2019Q1 mas Interest Income
InterestIncome
1000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
225000000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
197000000 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-51000000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
174000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
153000000 USD
CY2020Q1 mas Interest Income
InterestIncome
1000000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9000000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2020Q1 mas Pensionand Other Postretirement Benefit Expense Excluding Current Service Cost
PensionandOtherPostretirementBenefitExpenseExcludingCurrentServiceCost
8000000 USD
CY2019Q1 mas Pensionand Other Postretirement Benefit Expense Excluding Current Service Cost
PensionandOtherPostretirementBenefitExpenseExcludingCurrentServiceCost
5000000 USD
CY2020Q1 mas Other Nonoperating Income Expense Other Income Expense Items Net
OtherNonoperatingIncomeExpenseOtherIncomeExpenseItemsNet
0 USD
CY2019Q1 mas Other Nonoperating Income Expense Other Income Expense Items Net
OtherNonoperatingIncomeExpenseOtherIncomeExpenseItemsNet
-1000000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16000000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
133000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
107000000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 USD
CY2020Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
132000000 USD
CY2019Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
106000000 USD
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
397000000 USD
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
9000000 USD
CY2020Q1 mas Allocation To Unvested Restricted Stock Awards Discontinuing Operations
AllocationToUnvestedRestrictedStockAwardsDiscontinuingOperations
-3000000 USD
CY2019Q1 mas Allocation To Unvested Restricted Stock Awards Discontinuing Operations
AllocationToUnvestedRestrictedStockAwardsDiscontinuingOperations
0 USD
CY2020Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
394000000 USD
CY2019Q1 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
9000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
526000000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
115000000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
273000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
293000000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
294000000 shares
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000.0 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14200000 shares
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
602000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
900000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.135
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.120
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.120
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.19
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2020Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000000 USD

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