2019 Form 10-K Financial Statement

#000006638219000047 Filed on July 30, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018
Revenue $2.567B $618.0M $2.381B
YoY Change 7.81% 7.07% 4.52%
Cost Of Revenue $1.637B $389.7M $1.508B
YoY Change 8.56% 9.34% 6.66%
Gross Profit $929.9M $228.3M $873.0M
YoY Change 6.52% 3.35% 1.02%
Gross Profit Margin 36.22% 36.94% 36.66%
Selling, General & Admin $639.3M $165.9M $615.3M
YoY Change 3.9% 14.97% 4.73%
% of Gross Profit 68.75% 72.67% 70.48%
Research & Development $58.80M $18.50M $57.10M
YoY Change 2.98% 3.35% -2.56%
% of Gross Profit 6.32% 8.1% 6.54%
Depreciation & Amortization $72.10M $17.50M $66.90M
YoY Change 7.77% 10.06% 13.58%
% of Gross Profit 7.75% 7.67% 7.66%
Operating Expenses $726.4M $184.4M $694.1M
YoY Change 4.65% 13.69% 3.12%
Operating Profit $203.5M $43.90M $178.9M
YoY Change 13.75% -25.21% -6.38%
Interest Expense $12.10M $1.500M $13.50M
YoY Change -10.37% -193.75% -11.18%
% of Operating Profit 5.95% 3.42% 7.55%
Other Income/Expense, Net -$8.400M -$3.200M -$10.80M
YoY Change -22.22% 166.67% -20.0%
Pretax Income $136.2M $38.40M $121.6M
YoY Change 12.01% -18.3% -7.46%
Income Tax $39.60M $7.200M $42.40M
% Of Pretax Income 29.07% 18.75% 34.87%
Net Earnings $160.5M $31.80M $128.1M
YoY Change 25.29% -4.79% 3.39%
Net Earnings / Revenue 6.25% 5.15% 5.38%
Basic Earnings Per Share $2.72 $0.53 $2.15
Diluted Earnings Per Share $2.70 $0.53 $2.12
COMMON SHARES
Basic Shares Outstanding 59.01M shares 59.62M shares 59.68M shares
Diluted Shares Outstanding 59.38M shares 60.31M shares

Balance Sheet

Concept 2019 2018 Q2 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $168.0M $212.5M $212.5M
YoY Change -20.94% 102.77% 102.77%
Cash & Equivalents $159.2M $203.9M $203.9M
Short-Term Investments $8.800M $8.600M $8.600M
Other Short-Term Assets $56.80M $51.20M $51.20M
YoY Change 10.94% 6.44% 6.44%
Inventory $184.2M $155.3M $162.4M
Prepaid Expenses $51.20M
Receivables $252.3M $217.4M $219.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $661.3M $645.4M $645.4M
YoY Change 2.46% 31.21% 31.21%
LONG-TERM ASSETS
Property, Plant & Equipment $348.6M $331.4M $331.4M
YoY Change 5.19% 5.34% 5.34%
Goodwill $304.1M
YoY Change -0.13%
Intangibles
YoY Change
Long-Term Investments $89.00M $16.80M $16.80M
YoY Change 429.76% 3.7% 3.7%
Other Assets $47.40M $79.20M $62.40M
YoY Change -24.04% 10.31% 12.23%
Total Long-Term Assets $908.0M $834.1M $834.1M
YoY Change 8.86% 2.42% 2.42%
TOTAL ASSETS
Total Short-Term Assets $661.3M $645.4M $645.4M
Total Long-Term Assets $908.0M $834.1M $834.1M
Total Assets $1.569B $1.480B $1.480B
YoY Change 6.07% 13.26% 13.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.7M $171.4M $171.4M
YoY Change 3.68% 15.5% 15.5%
Accrued Expenses $233.2M $74.20M $207.9M
YoY Change 12.17% -3.26% 2.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.80M $0.00
YoY Change 5.88%
Long-Term Debt Due $3.100M $3.800M $3.800M
YoY Change -18.42%
Total Short-Term Liabilities $446.1M $413.8M $413.8M
YoY Change 7.81% 7.29% 7.29%
LONG-TERM LIABILITIES
Long-Term Debt $281.9M $275.0M $275.0M
YoY Change 2.51% 37.57% 37.57%
Other Long-Term Liabilities $101.5M $79.80M $95.40M
YoY Change 6.39% 14.16% -11.99%
Total Long-Term Liabilities $383.4M $354.8M $370.4M
YoY Change 3.51% 31.5% 20.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $446.1M $413.8M $413.8M
Total Long-Term Liabilities $383.4M $354.8M $370.4M
Total Liabilities $850.1M $784.2M $814.9M
YoY Change 4.32% 13.0% 13.37%
SHAREHOLDERS EQUITY
Retained Earnings $600.2M
YoY Change 15.53%
Common Stock $11.70M
YoY Change -1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $719.2M $664.6M $664.6M
YoY Change
Total Liabilities & Shareholders Equity $1.569B $1.480B $1.480B
YoY Change 6.07% 13.26% 13.26%

Cashflow Statement

Concept 2019 2018 Q2 2018
OPERATING ACTIVITIES
Net Income $160.5M $31.80M $128.1M
YoY Change 25.29% -4.79% 3.39%
Depreciation, Depletion And Amortization $72.10M $17.50M $66.90M
YoY Change 7.77% 10.06% 13.58%
Cash From Operating Activities $216.4M $55.80M $166.5M
YoY Change 29.97% -30.25% -17.62%
INVESTING ACTIVITIES
Capital Expenditures $85.80M $19.60M $70.60M
YoY Change 21.53% 16.67% -19.13%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities $1.100M -$600.0K $2.300M
YoY Change -52.17% 20.0% 21.05%
Cash From Investing Activities -$165.0M -$20.20M -$62.70M
YoY Change 163.16% 16.76% -46.09%
FINANCING ACTIVITIES
Cash Dividend Paid $45.60M $42.40M
YoY Change 7.55% 7.61%
Common Stock Issuance & Retirement, Net $35.60M $29.50M
YoY Change 20.68% 145.83%
Debt Paid & Issued, Net $0.00 $150.0M
YoY Change -100.0%
Cash From Financing Activities -$91.90M -25.80M $2.500M
YoY Change -3776.0% -42.67% -103.35%
NET CHANGE
Cash From Operating Activities $216.4M 55.80M $166.5M
Cash From Investing Activities -$165.0M -20.20M -$62.70M
Cash From Financing Activities -$91.90M -25.80M $2.500M
Net Change In Cash -$44.70M 9.800M $106.3M
YoY Change -142.05% -44.63% 849.11%
FREE CASH FLOW
Cash From Operating Activities $216.4M $55.80M $166.5M
Capital Expenditures $85.80M $19.60M $70.60M
Free Cash Flow $130.6M $36.20M $95.90M
YoY Change 36.18% -42.72% -16.46%

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CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2300000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4300000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6400000 USD
CY2018Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
27600000 USD
CY2019Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
30700000 USD
CY2018Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
288600000 USD
CY2019Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
287800000 USD
CY2018Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
285800000 USD
CY2019Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
285000000 USD
CY2018Q2 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
700000 USD
CY2019Q2 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
800000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9200000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4100000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1200000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
500000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2800000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1300000 USD
CY2017 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
14800000 USD
CY2018 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-800000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
800000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2800000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-200000 USD
CY2018Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
5600000 USD
CY2019Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
6100000 USD
CY2018Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
67900000 USD
CY2019Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
69900000 USD
CY2018Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1000000 USD
CY2019Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1200000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
57600000 USD
CY2019Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
59500000 USD
CY2018Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
1700000 USD
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
1400000 USD
CY2018Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
10000000 USD
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
9100000 USD
CY2018Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
2300000 USD
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
2500000 USD
CY2018Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3900000 USD
CY2019Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4000000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
15300000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
13100000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
6600000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
7200000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
5200000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
8100000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
600000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
700000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
3800000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
4200000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
11900000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
12300000 USD
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10300000 USD
CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10400000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
64700000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
63300000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
6900000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2100000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
32300000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
34600000 USD
CY2019Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
88200000 USD
CY2019Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.071
CY2019Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.043
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
22800000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24900000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
25500000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
26600000 USD
CY2018Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
103100000 USD
CY2019Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
106400000 USD
CY2018Q2 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
106900000 USD
CY2019Q2 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
110100000 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
3300000 USD
CY2018Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
94600000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
25400000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.04
CY2017 us-gaap Depreciation
Depreciation
52900000 USD
CY2018 us-gaap Depreciation
Depreciation
60900000 USD
CY2019 us-gaap Depreciation
Depreciation
65900000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58900000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66900000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72100000 USD
CY2018Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
19900000 GBP
CY2019Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
19200000 GBP
CY2018Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
37300000 USD
CY2019Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
38100000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
40900000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
43200000 USD
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
46600000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.15
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.72
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.70
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
100000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1400000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4200000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.203
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.291
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
86300000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
85500000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
86500000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7100000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P11M15D
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3100000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2300000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000 USD
CY2018Q2 us-gaap Equity Method Investments
EquityMethodInvestments
16800000 USD
CY2019Q2 us-gaap Equity Method Investments
EquityMethodInvestments
89000000 USD
CY2019Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
3600000 USD
CY2017 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 USD
CY2018 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
0 USD
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
2100000 USD
CY2018Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
175300000 USD
CY2019Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
198000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
43900000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
46200000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6400000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5100000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5400000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6100000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6300000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
85200000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
87300000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
41300000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
41100000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
700000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
400000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
300000 USD
CY2017 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2018 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2019 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
500000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-800000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
304500000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
304100000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
303800000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-100000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-300000 USD
CY2018 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
300000 USD
us-gaap Gross Profit
GrossProfit
230000000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
218000000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
195500000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
220900000 USD
CY2017 us-gaap Gross Profit
GrossProfit
864200000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
216900000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
222100000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
205800000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
228300000 USD
CY2018 us-gaap Gross Profit
GrossProfit
873000000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
225100000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
235600000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
221000000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
248200000 USD
CY2019 us-gaap Gross Profit
GrossProfit
929900000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
131400000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
121600000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
136200000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
46200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
46500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58900000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
177600000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
168100000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
195100000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1600000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1500000 USD
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
200000 USD
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2100000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55100000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42400000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39600000 USD
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
3100000 USD
CY2019 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
1000000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
2600000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
1800000 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
1900000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
3400000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
2700000 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-5700000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-4000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1900000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
62200000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
49000000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
41000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2800000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3300000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1800000 USD
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
0 USD
CY2018 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
9000000 USD
CY2019 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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3300000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4900000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Foreign
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2400000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Foreign
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5700000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
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1400000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
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2400000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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3400000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
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3100000 USD
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34200000 USD
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24800000 USD
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800000 USD
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29900000 USD
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31900000 USD
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1100000 USD
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3400000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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1600000 USD
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500000 USD
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4400000 USD
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five
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3100000 USD
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0 USD
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225000000 USD
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7800000 USD
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300000 USD
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14500000 USD
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10000000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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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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0 USD
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0 USD
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4800000 USD
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CY2019 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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1000000 USD
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1900000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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87300000 USD
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70600000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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85800000 USD
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13400000 USD
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900000 USD
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2900000 USD
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15600000 USD
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24500000 USD
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0
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0
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10000000 shares
CY2019Q2 us-gaap Preferred Stock Shares Authorized
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10000000 shares
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0 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
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0 shares
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0 USD
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0 USD
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41300000 USD
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47600000 USD
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9900000 USD
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9200000 USD
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11700000 USD
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17000000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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12300000 USD
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225000000 USD
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0 USD
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8100000 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
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0 USD
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794400000 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
340400000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
300000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
400000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-600000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
900000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1000000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1700000 USD
CY2017 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
0 USD
CY2018 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
2100000 USD
CY2019 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
500000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10000000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
43900000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
47700000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
51500000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
53100000 USD
CY2018Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
51500000 USD
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
53100000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
19000000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
18300000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
19100000 USD
CY2017 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
12500000 USD
CY2018 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
5700000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
22800000 USD
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
10200000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
22100000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
20700000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
123900000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
128100000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
160500000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1020800000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1084700000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
331400000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
348600000 USD
CY2018Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
30500000 USD
CY2019Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
20600000 USD
CY2018Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
150000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
150000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
816400000 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
115400000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58600000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57100000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58800000 USD
CY2017 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
12500000 USD
CY2018 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
5700000 USD
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
10200000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
598300000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
712700000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
600200000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2278200000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2381200000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2567200000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
598600000 USD
CY2016Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
577500000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
524900000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
577200000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2278200000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
580300000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
604600000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
578400000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
618000000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2381200000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
624600000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
652600000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
619000000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
671000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2567200000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.39
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.05
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.01
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.02
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.03
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.03
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5991307 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.50
CY2017 us-gaap Royalty Expense
RoyaltyExpense
14500000 USD
CY2018 us-gaap Royalty Expense
RoyaltyExpense
16000000 USD
CY2019 us-gaap Royalty Expense
RoyaltyExpense
18100000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
587500000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
615300000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
639300000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
8700000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
7700000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
7300000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.02
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.02
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.02
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.02
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.26
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.26
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.27
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.27
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.05
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y4M24D
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y4M24D
CY2018Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
10800000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3100000 USD
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
68547 shares
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
67335 shares
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
62957 shares
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1900000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2000000 USD
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1900000 USD
CY2017 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
300000 USD
CY2018 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
400000 USD
CY2019 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
300000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9400000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
14600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
400000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10100000 USD
CY2019Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
550000000 shares
CY2019Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
264200000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
23800000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
46500000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
47800000 USD
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
765556 shares
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1356156 shares
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1326023 shares
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
664600000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
719200000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
524700000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
587700000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
664800000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
719200000 USD
CY2018Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1900000 USD
CY2019Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
34300000 USD
CY2018Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
13000000 USD
CY2019Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
223800000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2800000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3200000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1900000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
400000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1100000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1000000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 USD
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
400000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
300000 USD
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
73500000 USD
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
682784 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
630037 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
369846 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60554589 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60311305 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59381791 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59871805 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59681268 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59011945 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The Company's trade receivables are primarily due from independent dealers who, in turn, carry receivables from their customers. The Company monitors and manages the credit risk associated with individual dealers and direct customers where applicable. Dealers are responsible for assessing and assuming credit risk of their customers and may require their customers to provide deposits, letters of credit or other credit enhancement measures. Some sales contracts are structured such that the customer payment or obligation is direct to the Company. In those cases, the Company may assume the credit risk. Whether from dealers or customers, the Company's trade credit exposures are not concentrated with any particular entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"> </font></div></div>
CY2019 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Derivatives and Hedging</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The Company calculates the fair value of financial instruments using quoted market prices whenever available. The Company utilizes derivatives to manage exposures to foreign currency exchange rates and interest rate risk. The fair values of all derivatives are recognized as assets or liabilities at the balance sheet date. Changes in the fair value of these instruments are reported within Other expenses (income): Other, net in the Consolidated Statements of Comprehensive Income, or Accumulated Other Comprehensive Loss within the Consolidated Balance Sheets, depending on the use of the derivative and whether it qualifies for hedge accounting treatment.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Gains and losses on derivatives that are designated and qualify as cash flow hedging instruments are recorded in Accumulated Other Comprehensive Loss, to the extent the hedges are effective, until the underlying transactions are recognized in the Consolidated Statements of Comprehensive Income. Derivatives not designated as hedging instruments are marked-to-market at the end of each period with the results included in Consolidated Statements of Comprehensive Income.</font></div></div>
CY2019 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The Company's fiscal year ends on the Saturday closest to May 31. The fiscal years ended </font><font style="font-family:Arial Narrow;font-size:10pt;">June 1, 2019</font><font style="font-family:Arial Narrow;font-size:10pt;"> and </font><font style="font-family:Arial Narrow;font-size:10pt;">June 2, 2018</font><font style="font-family:Arial Narrow;font-size:10pt;"> contained 52 weeks, while the fiscal year ended </font><font style="font-family:Arial Narrow;font-size:10pt;">June 3, 2017</font><font style="font-family:Arial Narrow;font-size:10pt;"> contained 53 weeks. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"><br clear="none"/></font></div></div>
CY2019 us-gaap Revenue Recognition Customer Acquisitions
RevenueRecognitionCustomerAcquisitions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;">Incremental Costs of Obtaining a Contract</font><font style="font-family:Arial Narrow;font-size:10pt;"> - the Company has recognized incremental costs to obtain a contract as an expense when incurred as the amortization period is less than one year.</font></div><div style="line-height:120%;text-align:justify;padding-left:26px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"><br clear="none"/></font></div></div>
CY2019 us-gaap Revenue Recognition Incentives
RevenueRecognitionIncentives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Customer Payments and Incentives</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">We offer various sales incentive programs to our customers, such as rebates and discounts. Programs such as rebates and discounts are adjustments to the selling price and are therefore characterized as a reduction to net sales. </font></div></div>
CY2019 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;">Multiple Performance Obligations</font><font style="font-family:Arial Narrow;font-size:10pt;"> - these contracts are transacted with customers and include more than one performance obligation; products, which are shipped to the customer by the Company and installation and other services, which are primarily fulfilled by independent third-party dealers. For contracts that include multiple performance obligations, the Company records revenue for the product performance obligation at the point in time when control transfers, generally upon transfer of title and risk of loss to the customer. In most cases, the Company has concluded that it is the agent for the installation services performance obligation and as such, the revenue and costs of these services are recorded net within Net sales in the Company&#8217;s Consolidated Statements of Comprehensive Income. </font></div><div style="line-height:120%;text-align:justify;padding-left:26px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:26px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">In certain instances, entities owned by the Company, rather than independent third-party dealers, perform installation and other services. In these cases, Service revenue is generated by the Company&#8217;s entities that provide installation services, which include owned dealers, and is recognized by the Company over time as the services are provided. For contracts with multiple performance obligations, the Company allocates the transaction price to each performance obligation based on relative standalone selling prices.&#160;</font></div></div>
CY2019 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The Company adopted </font><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;">ASC 606 - Revenue from Contracts with Customers</font><font style="font-family:Arial Narrow;font-size:10pt;"> at the beginning of fiscal 2019 using the modified retrospective approach. The Company completed its review of the impact of the new standard and identified certain key accounting policy changes that resulted from adopting the new standard. All necessary changes required by the new standard, including those to the Corporation's accounting policies, controls, and disclosures, have been identified and implemented as of the beginning of fiscal 2019. See Note 2 of the Consolidated Financial Statements for further information regarding the Company's revenue recognition accounting policies.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;">Single Performance Obligation</font><font style="font-family:Arial Narrow;font-size:10pt;"> - these contracts are transacted with customers and include only the product performance obligation. Most commonly, these contracts represent master agreements with independent third-party dealers in which a purchase order represents the customer contract, point of sale transactions through the Retail reportable segment, as well as customer purchase orders for the Maharam subsidiary within the North America Contract reportable segment. For contracts that include a single performance obligation, the Company records revenue at the point in time when title and risk of loss has transferred to the customer.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Preparation of Financial Statements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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