2022 Q1 Form 10-K Financial Statement

#000076952022000005 Filed on March 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $866.4M $3.251B $729.3M
YoY Change 18.8% 29.35% 7.65%
Cost Of Revenue $550.8M $2.056B $473.3M
YoY Change 16.37% 26.04% 10.77%
Gross Profit $315.6M $1.195B $256.0M
YoY Change 23.29% 35.46% 2.32%
Gross Profit Margin 36.43% 36.76% 35.1%
Selling, General & Admin $172.0M $668.0M $147.3M
YoY Change 16.74% 25.58% 2.33%
% of Gross Profit 54.48% 55.9% 57.54%
Research & Development $41.80M
YoY Change 18.41%
% of Gross Profit 3.5%
Depreciation & Amortization $34.57M $125.2M $28.90M
YoY Change 19.62% 13.31% 8.65%
% of Gross Profit 10.95% 10.48% 11.29%
Operating Expenses $172.0M $709.8M $147.4M
YoY Change 16.66% 25.14% 2.4%
Operating Profit $143.7M $630.0M $108.6M
YoY Change 32.3% 94.18% 3.02%
Interest Expense -$13.68M -$56.86M -$22.70M
YoY Change -39.75% -30.24% 44.59%
% of Operating Profit -9.52% -9.03% -20.9%
Other Income/Expense, Net $11.04M $1.603M -$4.300M
YoY Change -356.63% -152.2% 29.28%
Pretax Income $136.0M $619.5M $66.10M
YoY Change 105.72% 131.11% -31.48%
Income Tax $33.30M $131.0M $14.30M
% Of Pretax Income 24.49% 21.15% 21.63%
Net Earnings $102.7M $488.5M $51.80M
YoY Change 98.22% 135.65% -29.79%
Net Earnings / Revenue 11.85% 15.03% 7.1%
Basic Earnings Per Share $8.85
Diluted Earnings Per Share $1.799M $8.62 $940.1K
COMMON SHARES
Basic Shares Outstanding 54.66M shares 55.22M shares 55.64M shares
Diluted Shares Outstanding 56.67M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.4M $180.4M $268.1M
YoY Change -32.73% -32.73% -29.63%
Cash & Equivalents $180.4M $180.4M $268.1M
Short-Term Investments
Other Short-Term Assets $90.57M $90.57M $78.50M
YoY Change 15.38% 15.38% 45.37%
Inventory $837.4M $837.4M $540.2M
Prepaid Expenses
Receivables $577.1M $598.7M $363.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.707B $1.707B $1.270B
YoY Change 34.36% 34.36% -15.73%
LONG-TERM ASSETS
Property, Plant & Equipment $381.0M $381.0M $344.5M
YoY Change 10.6% 10.59% -0.39%
Goodwill $2.243B $1.934B
YoY Change 15.99% 5.36%
Intangibles $1.875B $1.450B
YoY Change 29.3% 1.13%
Long-Term Investments
YoY Change
Other Assets $143.5M $176.7M $126.8M
YoY Change 13.16% -12.92% 4.45%
Total Long-Term Assets $4.677B $4.677B $3.932B
YoY Change 18.94% 18.93% 685.78%
TOTAL ASSETS
Total Short-Term Assets $1.707B $1.707B $1.270B
Total Long-Term Assets $4.677B $4.677B $3.932B
Total Assets $6.384B $6.384B $5.202B
YoY Change 22.7% 22.7% -1.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $304.7M $304.7M $182.8M
YoY Change 66.73% 66.71% -4.67%
Accrued Expenses $582.9M $449.5M $494.5M
YoY Change 17.86% 18.8% 25.65%
Deferred Revenue $133.3M $93.87M
YoY Change 42.02%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $27.29M $27.29M $22.94M
YoY Change 18.95% 19.18% 4.61%
Total Short-Term Liabilities $914.9M $914.9M $700.3M
YoY Change 30.65% 30.64% 15.32%
LONG-TERM LIABILITIES
Long-Term Debt $2.387B $2.387B $1.707B
YoY Change 39.86% 39.86% -21.61%
Other Long-Term Liabilities $180.8M $400.5M $202.2M
YoY Change -10.57% -40.38% -2.14%
Total Long-Term Liabilities $2.568B $2.787B $1.909B
YoY Change 34.52% 17.2% -19.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $914.9M $914.9M $700.3M
Total Long-Term Liabilities $2.568B $2.787B $1.909B
Total Liabilities $3.483B $3.889B $2.609B
YoY Change 33.48% 20.57% -12.77%
SHAREHOLDERS EQUITY
Retained Earnings $3.062B $2.569B
YoY Change 19.21% 5.48%
Common Stock $147.0K $147.0K
YoY Change 0.0% 1.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $566.4M $537.1M
YoY Change 5.45% 2.14%
Treasury Stock Shares 8.170M shares 8.013M shares
Shareholders Equity $2.494B $2.494B $1.977B
YoY Change
Total Liabilities & Shareholders Equity $6.384B $6.384B $5.202B
YoY Change 22.7% 22.7% -1.43%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $102.7M $488.5M $51.80M
YoY Change 98.22% 135.65% -29.79%
Depreciation, Depletion And Amortization $34.57M $125.2M $28.90M
YoY Change 19.62% 13.31% 8.65%
Cash From Operating Activities $77.36M $423.4M $208.6M
YoY Change -62.92% -19.32% 139.39%
INVESTING ACTIVITIES
Capital Expenditures -$21.82M $46.55M -$12.10M
YoY Change 80.32% 33.58% -231.79%
Acquisitions $963.6M
YoY Change 1119.7%
Other Investing Activities -$574.4M -$957.3M -$41.10M
YoY Change 1297.48% 1375.05% 37.0%
Cash From Investing Activities -$596.2M -$1.009B -$53.30M
YoY Change 1018.54% 845.01% 35.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $29.27M
YoY Change -65.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 448.4M $502.8M -117.7M
YoY Change -480.99% -299.15% -148.02%
NET CHANGE
Cash From Operating Activities 77.36M $423.4M 208.6M
Cash From Investing Activities -596.2M -$1.009B -53.30M
Cash From Financing Activities 448.4M $502.8M -117.7M
Net Change In Cash -70.40M -$87.74M 37.60M
YoY Change -287.22% -150.54% -86.88%
FREE CASH FLOW
Cash From Operating Activities $77.36M $423.4M $208.6M
Capital Expenditures -$21.82M $46.55M -$12.10M
Free Cash Flow $99.18M $376.8M $220.7M
YoY Change -55.06% -23.08% 183.11%

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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
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CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2022 midd Adjustments To Additional Paid In Capital Purchase Of Capped Calls
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DepreciationDepletionAndAmortization
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DepreciationDepletionAndAmortization
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Share Based Compensation
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NetPeriodicBenefitCostOtherComponents
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2022 midd Non Cash Restructuring
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1924000 USD
CY2021 midd Non Cash Restructuring
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CY2019 midd Non Cash Restructuring
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10853000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Held For Sale
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CY2019 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7052000 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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CY2021 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
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CY2019 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
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CY2021 us-gaap Proceeds From Repayments Of Other Debt
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ProceedsFromRepaymentsOfNotesPayable
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CY2021 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2019 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
173603000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22799000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021 us-gaap Stock Issued During Period Value Acquisitions
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CY2019 us-gaap Stock Issued During Period Value Acquisitions
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CY2022 us-gaap Number Of Operating Segments
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3732010000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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2980164000 USD
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
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519879000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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177923000 USD
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9.42
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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3.23
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9.17
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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3.23
CY2022 us-gaap Fiscal Period
FiscalPeriod
The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2021, 2020, and 2019 ended on January 1, 2022, January 2, 2021 and December 28, 2019, respectively, and included 52, 53 and 52 weeks, respectively.
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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18800000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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19200000 USD
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CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
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263200000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
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65581000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
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55104000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
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350476000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
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221894000 USD
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54477000 USD
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40707000 USD
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270812000 USD
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245435000 USD
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56706000 USD
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68063000 USD
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265188000 USD
CY2021Q1 us-gaap Machinery And Equipment Gross
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220148000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
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647183000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
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574353000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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266203000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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229871000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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380980000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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344482000 USD
CY2022 us-gaap Depreciation
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42700000 USD
CY2021 us-gaap Depreciation
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39100000 USD
CY2019 us-gaap Depreciation
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37900000 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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0 USD
CY2019Q4 us-gaap Goodwill
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1849747000 USD
CY2021 us-gaap Goodwill Acquired During Period
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56773000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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CY2021 midd Goodwill Translation Accounting Adjustments
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CY2021Q1 us-gaap Goodwill
Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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330019000 USD
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
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2411000 USD
CY2022 midd Goodwill Translation Accounting Adjustments
GoodwillTranslationAccountingAdjustments
-23222000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
2243469000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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950484000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
442208000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
797638000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
374061000 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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11600000 USD
CY2022 us-gaap Amortization Of Intangible Assets
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75800000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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69000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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64000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
95132000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
76386000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
64914000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
58553000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
55277000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
158014000 USD
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133315000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
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93871000 USD
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115762000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
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93926000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
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80215000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
69667000 USD
CY2022Q1 midd Accrued Rebate Current
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72451000 USD
CY2021Q1 midd Accrued Rebate Current
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43703000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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22753000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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22493000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
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22684000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
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22030000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
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19292000 USD
CY2021Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
12133000 USD
CY2022Q1 us-gaap Accrued Sales Commission Current
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13670000 USD
CY2021Q1 us-gaap Accrued Sales Commission Current
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11105000 USD
CY2022Q1 midd Accrued Product Liability And Workers Compensation Liability Current
AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent
10952000 USD
CY2021Q1 midd Accrued Product Liability And Workers Compensation Liability Current
AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent
12909000 USD
CY2022Q1 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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1171000 USD
CY2021Q1 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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14075000 USD
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
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0 USD
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
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22313000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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90590000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
76316000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
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582855000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
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494541000 USD
CY2022Q1 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
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CY2021Q1 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
89059000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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249696000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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400919000 USD
CY2022Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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-4501000 USD
CY2021Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
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CY2022Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
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CY2021Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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-37548000 USD
CY2022Q1 midd Aoci Debt Securities Available For Sale Tax
AOCIDebtSecuritiesAvailableForSaleTax
433000 USD
CY2021Q1 midd Aoci Debt Securities Available For Sale Tax
AOCIDebtSecuritiesAvailableForSaleTax
0 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1330000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-97654000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-49961000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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32505000 USD
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
-39500000 USD
CY2022Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
-4500000 USD
CY2022Q1 midd Accumulated Other Comprehensive Income Loss Unrealized Gain Loss Certain Investments Tax
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400000 USD
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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49600000 USD
CY2022 midd Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossTax
8600000 USD
CY2022 midd Other Comprehensive Income Loss Unrealized Gain Loss Certain Investments Tax
OtherComprehensiveIncomeLossUnrealizedGainLossCertainInvestmentsTax
400000 USD
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-300000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021Q1 us-gaap Product Warranty Accrual
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CY2019Q4 us-gaap Product Warranty Accrual
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CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
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CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
68199000 USD
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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65600000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
58047000 USD
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62697000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
56239000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
80215000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
69667000 USD
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41800000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35300000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41200000 USD
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1449000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
43000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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9000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022 us-gaap Income Taxes Paid
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125800000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
41200000 USD
CY2019 us-gaap Income Taxes Paid
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91500000 USD
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Contract With Customer Asset Net Current
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21592000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
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20328000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
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133315000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
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93871000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
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11602000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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13523000 USD
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
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16300000 USD
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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77300000 USD
CY2022 midd Contract With Customer Liability Increase For Contract Acquired During The Period
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129000000 USD
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
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CY2022Q1 midd Senior Secured Revolving Credit Line
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CY2021Q1 midd Senior Secured Revolving Credit Line
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CY2022Q1 midd Termloanfacility
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CY2021Q1 midd Termloanfacility
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CY2021Q1 us-gaap Convertible Long Term Notes Payable
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CY2022Q1 us-gaap Other Long Term Debt
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CY2021Q1 us-gaap Other Long Term Debt
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CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2022Q1 us-gaap Long Term Debt Current
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CY2021Q1 us-gaap Long Term Debt Current
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CY2022Q1 us-gaap Long Term Debt Noncurrent
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2387001000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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4500000000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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3100000000 USD
CY2021Q4 midd Termloanfacility
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1000000000 USD
CY2021Q4 midd Delayed Draw Term Loan Facility
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750000000 USD
CY2021Q4 midd Longterm Lineof Credit Revolving Credit Facility
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2750000000 USD
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CY2022Q1 us-gaap Line Of Credit
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CY2022Q1 midd Termloanfacility
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CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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2800000000 USD
CY2022 midd Debt Instrument Interest Additional Interest Above Libor Rate
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0.01375
CY2022 midd Debt Instrument Interest Additional Interest Above Libor Rate Alternative
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CY2022 midd Debt Instrument Interest Additional Interest Above Fed Funds Rate
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CY2022 us-gaap Debt Instrument Interest Rate Increase Decrease
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CY2022 midd Line Of Credit Facility Commitment Fee Percentage Elevated Covenants
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CY2022Q1 midd Lineofcredit Currentand Noncurrent Foreign
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CY2022Q1 us-gaap Line Of Credit Facility Interest Rate At Period End
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CY2022Q1 midd Derivative Notional Amount Non Current
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708000000 USD
CY2022Q1 midd Derivative Fixed Interest Rate Non Current
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CY2022 midd Debt Instrument Qualified Leverage Ratio Range Low
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CY2022 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2022 midd Debt Instrument Qualified Leverage Ratio Range High
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CY2022 midd Debt Instrument Leverage Ratio Range High
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CY2022Q1 us-gaap Debt Instrument Unamortized Discount
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0 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
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98358000 USD
CY2022Q1 us-gaap Convertible Long Term Notes Payable
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734417000 USD
CY2021Q1 us-gaap Convertible Long Term Notes Payable
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632847000 USD
CY2022 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
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396000000 USD
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105000000 USD
CY2020Q3 midd Debt Instrument Convertible Estimated Conversion Shares
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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27293000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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23621000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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23634000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1581801000 USD
CY2022Q1 us-gaap Long Term Debt
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2414294000 USD
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95000000 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
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95000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
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CY2021Q1 us-gaap Preferred Stock Shares Authorized
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CY2021 us-gaap Stock Repurchased During Period Shares
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CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2022 us-gaap Stock Repurchased During Period Shares
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CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2022 us-gaap Share Based Compensation
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42300000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
19600000 USD
CY2019 us-gaap Share Based Compensation
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2700000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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7300000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
44800000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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16500000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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3700000 USD
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P0Y4M2D
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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453357000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
178813000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
336688000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
166147000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
89244000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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125931000 USD
CY2022 midd Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
619504000 USD
CY2021 midd Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
268057000 USD
CY2019 midd Income Loss From Continuing Operations Before Income Taxes
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462619000 USD
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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36908000 USD
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
69074000 USD
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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24363000 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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8815000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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