2023 Q1 Form 10-K Financial Statement

#000100062323000021 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $679.0M $660.1M $2.167B
YoY Change 66.91% 69.08% 50.51%
Cost Of Revenue $570.0M $537.8M $1.730B
YoY Change 81.41% 71.16% 55.88%
Gross Profit $109.0M $122.3M $437.6M
YoY Change 17.71% 60.5% 32.49%
Gross Profit Margin 16.05% 18.53% 20.19%
Selling, General & Admin $89.80M $86.00M $340.3M
YoY Change 41.19% 82.98% 57.11%
% of Gross Profit 82.39% 70.32% 77.77%
Research & Development $9.100M $8.300M $26.60M
YoY Change 75.0% 53.7% 31.03%
% of Gross Profit 8.35% 6.79% 6.08%
Depreciation & Amortization $42.00M $36.90M $129.2M
YoY Change 67.33% 64.73% 39.37%
% of Gross Profit 38.53% 30.17% 29.52%
Operating Expenses $98.90M $94.30M $366.9M
YoY Change 43.75% 79.96% 54.88%
Operating Profit $9.300M $28.00M $51.40M
YoY Change -12.26% 156.88% -38.3%
Interest Expense $26.50M -$23.00M $86.10M
YoY Change 82.76% 40.24% 86.77%
% of Operating Profit 284.95% -82.14% 167.51%
Other Income/Expense, Net $7.000M -$9.300M $10.30M
YoY Change 27.27% -125.34% -71.31%
Pretax Income -$10.20M -$5.400M -$88.20M
YoY Change -737.5% -117.31% -409.47%
Income Tax -$2.400M -$7.800M -$12.60M
% Of Pretax Income
Net Earnings -$7.700M $2.300M -$6.600M
YoY Change -581.25% -95.68% -107.42%
Net Earnings / Revenue -1.13% 0.35% -0.3%
Basic Earnings Per Share -$0.14 -$0.18
Diluted Earnings Per Share -$0.14 $0.04 -$0.18
COMMON SHARES
Basic Shares Outstanding 54.98M shares 54.94M shares 42.44M shares
Diluted Shares Outstanding 54.48M shares 42.44M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.00M $124.4M $124.4M
YoY Change 72.91% 66.53% 66.53%
Cash & Equivalents $97.00M $124.4M $124.4M
Short-Term Investments
Other Short-Term Assets $38.80M $28.90M $32.50M
YoY Change 88.35% 133.06% 153.91%
Inventory $544.4M $534.9M $534.9M
Prepaid Expenses
Receivables $304.2M $266.8M $216.6M
Other Receivables $20.80M $19.70M $66.30M
Total Short-Term Assets $1.005B $974.7M $974.7M
YoY Change 57.55% 63.93% 63.93%
LONG-TERM ASSETS
Property, Plant & Equipment $872.4M $874.9M $928.1M
YoY Change 93.69% 88.6% 89.8%
Goodwill $871.0M $847.2M
YoY Change 34.66% 30.68%
Intangibles $674.9M $710.3M
YoY Change 35.88% 38.22%
Long-Term Investments $59.80M $59.10M $59.10M
YoY Change -10.48% -8.51% -8.51%
Other Assets $105.6M $115.4M $149.8M
YoY Change -0.94% 14.14% 56.04%
Total Long-Term Assets $2.670B $2.695B $2.695B
YoY Change 47.99% 47.59% 47.59%
TOTAL ASSETS
Total Short-Term Assets $1.005B $974.7M $974.7M
Total Long-Term Assets $2.670B $2.695B $2.695B
Total Assets $3.675B $3.669B $3.669B
YoY Change 50.49% 51.6% 51.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $253.5M $225.7M $225.7M
YoY Change 106.43% 94.57% 94.57%
Accrued Expenses $154.5M $184.2M $193.5M
YoY Change 32.85% 68.53% 77.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $35.10M $34.60M $35.50M
YoY Change 1110.34% 981.25% 1009.38%
Total Short-Term Liabilities $468.5M $466.1M $466.1M
YoY Change 92.48% 101.69% 101.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.698B $1.659B $1.677B
YoY Change 33.33% 30.95% 32.34%
Other Long-Term Liabilities $51.30M $48.80M $174.7M
YoY Change -33.2% -45.29% 20.65%
Total Long-Term Liabilities $1.749B $1.708B $1.852B
YoY Change 2177.6% 25.94% 31.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.5M $466.1M $466.1M
Total Long-Term Liabilities $1.749B $1.708B $1.852B
Total Liabilities $2.516B $2.490B $2.490B
YoY Change 44.53% 43.25% 43.25%
SHAREHOLDERS EQUITY
Retained Earnings $579.3M $610.7M
YoY Change -14.96% -12.31%
Common Stock $5.500M $5.500M
YoY Change 77.42% 77.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.159B $1.179B $1.179B
YoY Change
Total Liabilities & Shareholders Equity $3.675B $3.669B $3.669B
YoY Change 50.49% 51.6% 51.6%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$7.700M $2.300M -$6.600M
YoY Change -581.25% -95.68% -107.42%
Depreciation, Depletion And Amortization $42.00M $36.90M $129.2M
YoY Change 67.33% 64.73% 39.37%
Cash From Operating Activities -$20.70M $185.0M $202.2M
YoY Change -514.0% 504.58% 248.02%
INVESTING ACTIVITIES
Capital Expenditures $19.10M $21.00M $56.90M
YoY Change 119.54% -259.09% 58.5%
Acquisitions $462.5M
YoY Change -26.66%
Other Investing Activities $200.0K $1.300M $2.500M
YoY Change -96.29% 8.7%
Cash From Investing Activities -$19.40M -$19.70M -$481.3M
YoY Change 102.08% -190.37% -24.38%
FINANCING ACTIVITIES
Cash Dividend Paid $22.00M $72.20M
YoY Change 58.27% 30.56%
Common Stock Issuance & Retirement, Net $6.900M
YoY Change 102.94%
Debt Paid & Issued, Net $19.50M $341.8M
YoY Change 35.42% 511.45%
Cash From Financing Activities $11.70M -128.7M $331.6M
YoY Change -186.03% 151.86% -44.72%
NET CHANGE
Cash From Operating Activities -$20.70M 185.0M $202.2M
Cash From Investing Activities -$19.40M -19.70M -$481.3M
Cash From Financing Activities $11.70M -128.7M $331.6M
Net Change In Cash -$27.40M 36.60M $49.70M
YoY Change 47.31% 2715.38% 148.5%
FREE CASH FLOW
Cash From Operating Activities -$20.70M $185.0M $202.2M
Capital Expenditures $19.10M $21.00M $56.90M
Free Cash Flow -$39.80M $164.0M $145.3M
YoY Change 975.68% 274.43% 554.5%

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General<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Business</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 6, 2022, Schweitzer-Mauduit International, Inc. ("SWM") consummated its previously announced merger transaction involving Neenah, Inc. ("Neenah"). A wholly-owned subsidiary of SWM merged with and into Neenah (the "Merger"), with Neenah surviving the Merger as a direct and wholly-owned subsidiary of SWM. Effective as of the closing date of the Merger, SWM changed its name to Mativ Holdings, Inc. ("Mativ," "we," "our", or the "Company"). Mativ is a global leader in specialty materials headquartered in Alpharetta, Georgia, United States of America. The Company offers a wide range of critical components and engineered solutions to solve customers' most complex challenges, targeting premium applications across diversified and growing end-markets. Combined with global manufacturing, supply chain, innovation, and material science capabilities, our broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of customers' products across multiple stages of the value chain. Effective with the Merger, the Company changed the name of its two reporting segments to: Advanced Technical Materials ("ATM") and Fiber-Based Solutions ("FBS"). There was no change to the historical reporting segments or historical results for the segments. Refer to Note 21. Segment Information for additional information on our segments.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conduct business in over 100 countries and operate 47 production locations worldwide, with offices and facilities in the United States, United Kingdom, China, Germany, France, Belgium, Poland, India, Brazil, Canada, Spain, Italy, Mexico, Netherlands, Malaysia, and Luxembourg. We also have a 50% equity interest in two joint ventures in China. Refer to Note 9. Joint Ventures for additional information over these equity method investments.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis of Presentation</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying consolidated financial statements and the notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. The Company believes the estimates and assumptions used in the preparation of these consolidated financial statements are reasonable, based upon currently available facts and known circumstances. Actual results may differ from those estimates and assumptions as a result of a number of factors, including those discussed elsewhere in this report and in its other public filings from time to time.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts on the Consolidated Balance Sheets and Consolidated Statements of Cash Flows have been reclassified to conform to the current year presentation for comparative purposes. Prior year's classification of certain end-markets in the legacy SWM Advanced Materials &amp; Structures segment have been reclassified to conform to the current year presentation of ATM's end-markets for comparative purposes. Certain prior year amounts in the reconciliation of income taxes computed at the U.S. Federal statutory income tax rate to the expense for income taxes have been reclassified to conform to the current year presentation for comparative purposes. </span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include the accounts of the Company and wholly-owned, majority-owned and controlled subsidiaries. Investment in equity affiliates represents the Company’s investment in its 50%-owned joint ventures in China and the Company's share of the net income from the joint ventures is included in the Consolidated </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statements of Income (Loss) as Income from equity affiliates, net of income taxes. Refer to Note 9. Joint Ventures for additional information. Intercompany balances and transactions have been eliminated.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The financial statements and information set forth herein is as of and for the year ended December 31, 2022 and represent the merged company operations of SWM and Neenah and their respective subsidiaries on a consolidated basis effective as of July 6, 2022 as a result of the Merger. Because SWM was deemed the accounting acquirer under GAAP, the historical financial statements of SWM are presented as the historical financial statements of the consolidated company prior to the Merger. Accordingly, references to "Mativ," "the Company," "we," or "our" means SWM and its subsidiaries when referring to periods prior to the Merger, and means Mativ Holdings, Inc. when referring to the periods after the Merger.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><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 in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the revenues and expenses during the reporting period. 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CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Goodwill1
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2100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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53400000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
39700000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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24600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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63500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
63200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
62400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
62400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
62400000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
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15700000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
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13900000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
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6200000 usd
CY2021Q4 us-gaap Deferred Compensation Plan Assets
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21600000 usd
CY2022Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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31000000.0 usd
CY2021Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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26300000 usd
CY2022Q4 us-gaap Inventory Noncurrent
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9300000 usd
CY2021Q4 us-gaap Inventory Noncurrent
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4900000 usd
CY2022Q4 us-gaap Hedging Assets Noncurrent
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39200000 usd
CY2021Q4 us-gaap Hedging Assets Noncurrent
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3300000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
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14000000.0 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
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CY2022Q4 us-gaap Other Assets Noncurrent
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115400000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
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76000000.0 usd
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
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19300000 usd
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
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10100000 usd
CY2020 us-gaap Restructuring Settlement And Impairment Provisions
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11900000 usd
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
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10500000 usd
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
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19300000 usd
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
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10100000 usd
CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
11900000 usd
CY2021Q4 us-gaap Restructuring Reserve
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6200000 usd
CY2020Q4 us-gaap Restructuring Reserve
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7400000 usd
CY2022 us-gaap Restructuring Charges
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1100000 usd
CY2021 us-gaap Restructuring Charges
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4700000 usd
CY2022 us-gaap Restructuring Reserve Accrual Adjustment1
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2300000 usd
CY2021 us-gaap Restructuring Reserve Accrual Adjustment1
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0 usd
CY2022 us-gaap Payments For Restructuring
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4400000 usd
CY2021 us-gaap Payments For Restructuring
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5700000 usd
CY2022 us-gaap Restructuring Reserve Translation Adjustment
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300000 usd
CY2021 us-gaap Restructuring Reserve Translation Adjustment
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200000 usd
CY2022Q4 us-gaap Restructuring Reserve
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4900000 usd
CY2021Q4 us-gaap Restructuring Reserve
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6200000 usd
CY2022Q4 us-gaap Other Long Term Debt
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900000 usd
CY2021Q4 us-gaap Other Long Term Debt
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CY2022Q4 us-gaap Deferred Finance Costs Net
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29400000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
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16100000 usd
CY2022Q4 matv Long Term Debt And Other Gross
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1693900000 usd
CY2021Q4 matv Long Term Debt And Other Gross
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1267500000 usd
CY2022Q4 us-gaap Long Term Debt Current
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34600000 usd
CY2021Q4 us-gaap Long Term Debt Current
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2700000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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1659300000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1264800000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
41100000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
41200000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
41400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
380300000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
892000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
327300000 usd
CY2022Q4 us-gaap Long Term Debt
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1723300000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
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18800000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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29400000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
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16100000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expensein Next Twelve Months
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6400000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expensein Year Two
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6400000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expensein Year Three
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6400000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expensein Year Four
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6400000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expensein Year Five
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3200000 usd
CY2022Q4 matv Deferred Debt Issuance Costs Expected Future Amortization Expense After Year Five
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600000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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29400000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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44900000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
13700000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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5300000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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12500000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
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84000000.0 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
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42000000.0 usd
CY2022Q4 matv Accrued Sales Discounts And Allowances
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16000000.0 usd
CY2021Q4 matv Accrued Sales Discounts And Allowances
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3200000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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84200000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
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56800000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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184200000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
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102000000.0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
28500000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
29100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
63800000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
44600000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
68200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73100000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
97300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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500000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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7300000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
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2300000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
700000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
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1500000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
16300000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
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11900000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14800000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19100000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17600000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
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23600000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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7500000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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2900000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18400000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15400000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
20400000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2500000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities
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3300000 usd
CY2022 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities Percent
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CY2021 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities
EffectiveIncomeTaxRateReconciliationIncomeFromPassthroughEntities
4200000 usd
CY2021 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities Percent
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CY2020 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities
EffectiveIncomeTaxRateReconciliationIncomeFromPassthroughEntities
2300000 usd
CY2020 matv Effective Income Tax Rate Reconciliation Income From Passthrough Entities Percent
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CY2022 matv Effective Income Tax Rate Reconciliation Branch Earnings
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200000 usd
CY2022 matv Effective Income Tax Rate Reconciliation Branch Earnings Percentage
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CY2021 matv Effective Income Tax Rate Reconciliation Branch Earnings
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CY2021 matv Effective Income Tax Rate Reconciliation Branch Earnings Percentage
EffectiveIncomeTaxRateReconciliationBranchEarningsPercentage
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CY2020 matv Effective Income Tax Rate Reconciliation Branch Earnings
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CY2020 matv Effective Income Tax Rate Reconciliation Branch Earnings Percentage
EffectiveIncomeTaxRateReconciliationBranchEarningsPercentage
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CY2022 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion
EffectiveIncomeTaxRateReconciliationGlobalIntangibleTaxLawInclusion
500000 usd
CY2021 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion
EffectiveIncomeTaxRateReconciliationGlobalIntangibleTaxLawInclusion
4700000 usd
CY2021 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion Percent
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0.064
CY2020 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion
EffectiveIncomeTaxRateReconciliationGlobalIntangibleTaxLawInclusion
4800000 usd
CY2020 matv Effective Income Tax Rate Reconciliation Global Intangible Tax Law Inclusion Percent
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CY2022 matv Effective Income Tax Rate Reconciliation Subpart F Income
EffectiveIncomeTaxRateReconciliationSubpartFIncome
700000 usd
CY2022 matv Effective Income Tax Rate Reconciliation Subpart F Income Percentage
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CY2021 matv Effective Income Tax Rate Reconciliation Subpart F Income
EffectiveIncomeTaxRateReconciliationSubpartFIncome
1000000.0 usd
CY2021 matv Effective Income Tax Rate Reconciliation Subpart F Income Percentage
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CY2020 matv Effective Income Tax Rate Reconciliation Subpart F Income
EffectiveIncomeTaxRateReconciliationSubpartFIncome
600000 usd
CY2020 matv Effective Income Tax Rate Reconciliation Subpart F Income Percentage
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CY2022 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationForeignDerivedIntangibleIncome
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CY2022 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income Percent
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CY2021 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationForeignDerivedIntangibleIncome
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CY2021 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income Percent
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CY2020 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income
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CY2020 matv Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income Percent
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CY2020 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward
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CY2020 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward Percentage
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
500000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1800000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
57000000.0 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3900000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward
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CY2022 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward Percentage
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CY2021 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward
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CY2021 matv Effective Income Tax Rate Reconciliation Capital Loss Carryforward Percentage
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Other
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
1400000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
800000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
2800000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
11000000.0 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
9900000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
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CY2022 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Amount
EffectiveIncomeTaxRateReconciliationTaxCreditForeignOtherAmount
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CY2022 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Percent
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CY2021 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Amount
EffectiveIncomeTaxRateReconciliationTaxCreditForeignOtherAmount
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CY2021 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Percent
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CY2020 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Amount
EffectiveIncomeTaxRateReconciliationTaxCreditForeignOtherAmount
-2900000 usd
CY2020 matv Effective Income Tax Rate Reconciliation Tax Credit Foreign Other Percent
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CY2022 matv Effective Income Tax Rate Reconciliation Base Erosion Minimum Tax Amount
EffectiveIncomeTaxRateReconciliationBaseErosionMinimumTaxAmount
2000000.0 usd
CY2022 matv Effective Income Tax Rate Reconciliation Base Erosion Minimum Tax Amount Percentage
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CY2021 matv Effective Income Tax Rate Reconciliation Base Erosion Minimum Tax Amount
EffectiveIncomeTaxRateReconciliationBaseErosionMinimumTaxAmount
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CY2021 matv Effective Income Tax Rate Reconciliation Base Erosion Minimum Tax Amount Percentage
EffectiveIncomeTaxRateReconciliationBaseErosionMinimumTaxAmountPercentage
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CY2020 matv Effective Income Tax Rate Reconciliation Base Erosion Minimum Tax Amount
EffectiveIncomeTaxRateReconciliationBaseErosionMinimumTaxAmount
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