2024 Q1 Form 10-K Financial Statement

#000095017024022078 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $321.6M $328.1M $1.362B
YoY Change -0.59% 33.7% 2.44%
Cost Of Revenue $271.0M $286.7M $1.176B
YoY Change -4.27% 7.9% -2.27%
Gross Profit $50.60M $41.40M $186.5M
YoY Change 25.25% -303.94% 47.2%
Gross Profit Margin 15.73% 12.62% 13.69%
Selling, General & Admin $24.10M $22.70M $84.60M
YoY Change 14.76% 30.46% 14.63%
% of Gross Profit 47.63% 54.83% 45.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.40M $14.10M $56.90M
YoY Change -7.59% -3.42% -2.4%
% of Gross Profit 26.48% 34.06% 30.51%
Operating Expenses $24.10M $22.70M $84.60M
YoY Change 14.76% 30.46% 13.4%
Operating Profit $26.50M $18.70M $101.9M
YoY Change 36.6% -149.6% 95.59%
Interest Expense $600.0K $2.100M $2.700M
YoY Change -14.29% 110.0% -30.77%
% of Operating Profit 2.26% 11.23% 2.65%
Other Income/Expense, Net $800.0K -$16.80M -$3.700M
YoY Change -90.91% -152.83% -104.08%
Pretax Income $30.00M $3.700M $96.40M
YoY Change 64.84% -186.05% -0.72%
Income Tax $6.000M $2.400M $27.00M
% Of Pretax Income 20.0% 64.86% 28.01%
Net Earnings $24.00M $1.300M $69.40M
YoY Change 66.67% -103.92% 6.61%
Net Earnings / Revenue 7.46% 0.4% 5.09%
Basic Earnings Per Share $0.55 $1.58
Diluted Earnings Per Share $0.52 $0.03 $1.47
COMMON SHARES
Basic Shares Outstanding 43.89M 43.15M 43.80M
Diluted Shares Outstanding 46.80M 47.80M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $278.1M $280.6M $280.6M
YoY Change 22.3% 9.1% 9.1%
Cash & Equivalents $278.1M $280.6M $280.6M
Short-Term Investments
Other Short-Term Assets $3.100M $24.70M $35.00M
YoY Change -71.56% 16.51% 26.81%
Inventory $237.5M $228.0M $228.0M
Prepaid Expenses
Receivables $120.0M $113.2M $113.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $647.7M $656.8M $656.8M
YoY Change 5.37% 18.0% 18.0%
LONG-TERM ASSETS
Property, Plant & Equipment $492.4M $492.5M $503.9M
YoY Change 1.99% 1.32% 1.06%
Goodwill
YoY Change
Intangibles $2.600M $2.700M
YoY Change -40.91% -46.0%
Long-Term Investments
YoY Change
Other Assets $2.000M $2.000M $11.90M
YoY Change -16.67% -16.67% -45.41%
Total Long-Term Assets $518.1M $518.5M $518.5M
YoY Change -0.48% -1.31% -1.31%
TOTAL ASSETS
Total Short-Term Assets $647.7M $656.8M $656.8M
Total Long-Term Assets $518.1M $518.5M $518.5M
Total Assets $1.166B $1.175B $1.175B
YoY Change 2.69% 8.62% 8.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.4M $133.3M $133.3M
YoY Change -16.1% 17.76% 17.76%
Accrued Expenses $50.40M $75.30M $75.30M
YoY Change 103.23% 157.88% 157.88%
Deferred Revenue
YoY Change
Short-Term Debt $13.20M $13.20M $13.20M
YoY Change 0.76% -35.29% -35.29%
Long-Term Debt Due $13.20M $13.20M
YoY Change 0.76% -35.29%
Total Short-Term Liabilities $239.1M $248.4M $248.4M
YoY Change 3.51% 33.05% 33.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.50M $13.40M $180.3M
YoY Change -6.25% -0.74% -1.42%
Total Long-Term Liabilities $13.50M $13.40M $180.3M
YoY Change -6.25% -0.74% -1.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $239.1M $248.4M $248.4M
Total Long-Term Liabilities $13.50M $13.40M $180.3M
Total Liabilities $426.5M $443.7M $443.7M
YoY Change -3.92% 12.19% 12.19%
SHAREHOLDERS EQUITY
Retained Earnings -$29.70M -$53.70M
YoY Change -72.68% -56.38%
Common Stock $835.0M $844.2M
YoY Change -0.54% -0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.30M $71.30M
YoY Change 44.49% 36.85%
Treasury Stock Shares
Shareholders Equity $739.3M $731.6M $731.6M
YoY Change
Total Liabilities & Shareholders Equity $1.166B $1.175B $1.175B
YoY Change 2.69% 8.62% 8.62%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $24.00M $1.300M $69.40M
YoY Change 66.67% -103.92% 6.61%
Depreciation, Depletion And Amortization $13.40M $14.10M $56.90M
YoY Change -7.59% -3.42% -2.4%
Cash From Operating Activities $33.40M $74.10M $125.3M
YoY Change 240.82% 212.66% -6.84%
INVESTING ACTIVITIES
Capital Expenditures $17.40M $15.40M $51.60M
YoY Change 64.15% 35.09% 90.41%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.700M
YoY Change -100.0% -100.0% -68.52%
Cash From Investing Activities -$17.40M -$15.40M -$49.90M
YoY Change 91.21% 71.11% 129.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.60M
YoY Change -37.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.70M -3.700M -51.90M
YoY Change -38.08% -81.59% -54.71%
NET CHANGE
Cash From Operating Activities 33.40M 74.10M 125.3M
Cash From Investing Activities -17.40M -15.40M -49.90M
Cash From Financing Activities -18.70M -3.700M -51.90M
Net Change In Cash -2.700M 55.00M 23.50M
YoY Change -90.85% -1118.52% -1405.56%
FREE CASH FLOW
Cash From Operating Activities $33.40M $74.10M $125.3M
Capital Expenditures $17.40M $15.40M $51.60M
Free Cash Flow $16.00M $58.70M $73.70M
YoY Change -2100.0% 377.24% -31.38%

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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7300000
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4100000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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500000
CY2021 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8800000
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022 mtus Treasury Stock Value Acquired
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CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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11500000
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023 mtus Treasury Stock Value Acquired
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CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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3400000
CY2023Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
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65100000
CY2021 us-gaap Net Income Loss
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171000000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56900000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58300000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
63100000
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
500000
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
700000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-43100000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2023 mtus Gain Loss On Sale Of Consolidated Subsidiary
GainLossOnSaleOfConsolidatedSubsidiary
0
CY2022 mtus Gain Loss On Sale Of Consolidated Subsidiary
GainLossOnSaleOfConsolidatedSubsidiary
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CY2021 mtus Gain Loss On Sale Of Consolidated Subsidiary
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2500000
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10600000
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
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9700000
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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CY2021 us-gaap Increase Decrease In Deferred Income Taxes
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
11500000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
8800000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
7300000
CY2023 mtus Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash Excluding Mark To Market Adjustments
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncashExcludingMarkToMarketAdjustments
47100000
CY2022 mtus Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash Excluding Mark To Market Adjustments
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncashExcludingMarkToMarketAdjustments
-40500000
CY2021 mtus Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash Excluding Mark To Market Adjustments
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncashExcludingMarkToMarketAdjustments
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
33400000
CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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37200000
CY2023 us-gaap Increase Decrease In Inventories
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34900000
CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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41600000
CY2023 us-gaap Increase Decrease In Accounts Payable
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15300000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
53500000
CY2023 us-gaap Increase Decrease In Accrued Liabilities
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5300000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9700000
CY2023 us-gaap Increase Decrease In Prepaid Expense
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3900000
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2600000
CY2021 us-gaap Increase Decrease In Prepaid Expense
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CY2023 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
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CY2022 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
5400000
CY2021 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
6900000
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4900000
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
17900000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134500000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196900000
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
51600000
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
27100000
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
12200000
CY2023 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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CY2022 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0
CY2021 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
6200000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1700000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5400000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
32600000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
52000000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2800000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4100000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3400000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2000000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
500000
CY2023 us-gaap Repayments Of Convertible Debt
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18700000
CY2022 us-gaap Repayments Of Convertible Debt
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67600000
CY2021 us-gaap Repayments Of Convertible Debt
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38900000
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1000000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23500000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
156800000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259600000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102800000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
281300000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257800000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259600000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
280600000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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259600000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257800000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259600000
CY2023 mtus Annual Melt Capacity
AnnualMeltCapacity
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CY2023 mtus Annual Shipment Capacity
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CY2023 mtus Subsequent Pricing Adjustments
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CY2023Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Restricted Cash
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q4 us-gaap Noncurrent Assets
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CY2022Q4 us-gaap Noncurrent Assets
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1329900000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q4 mtus Contract Liabalities Totalated
ContractLiabalitiesTotalated
800000
CY2022Q4 mtus Contract Liabalities Totalated
ContractLiabalitiesTotalated
3600000
CY2023 us-gaap Restructuring Charges
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CY2022 us-gaap Restructuring Charges
RestructuringCharges
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CY2021 us-gaap Restructuring Charges
RestructuringCharges
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CY2021Q4 us-gaap Restructuring Reserve
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CY2022 us-gaap Restructuring Charges
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CY2022 us-gaap Payments For Restructuring
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CY2022Q4 us-gaap Restructuring Reserve
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CY2023 us-gaap Restructuring Charges
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CY2023 us-gaap Payments For Restructuring
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CY2023Q4 us-gaap Restructuring Reserve
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CY2022Q4 mtus Early Termination Reimbursement From Customer
EarlyTerminationReimbursementFromCustomer
4300000
CY2023 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
-4600000
CY2022 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
-20300000
CY2021 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
-37200000
CY2023 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
40600000
CY2022 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
-35400000
CY2021 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
-20100000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
CY2023 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2022 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2021 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
0
CY2023 mtus Sales And Use Tax Refund
SalesAndUseTaxRefund
1400000
CY2022 mtus Sales And Use Tax Refund
SalesAndUseTaxRefund
0
CY2021 mtus Sales And Use Tax Refund
SalesAndUseTaxRefund
2500000
CY2023 mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
400000
CY2022 mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
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CY2021 mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
200000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
90600000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2023 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
40600000
CY2023 mtus Increase In Liability Due To Reversal Of Cost Remeasurement
IncreaseInLiabilityDueToReversalOfCostRemeasurement
36600000
CY2023 mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
4000000
CY2022 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
-35400000
CY2022 mtus Decrease In Liability Due To Reversal Of Cost Remeasurement
DecreaseInLiabilityDueToReversalOfCostRemeasurement
359900000
CY2022 mtus Non Cash Settlement Related To Bargaining Plan
NonCashSettlementRelatedToBargainingPlan
2700000
CY2022 mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
327200000
CY2022 mtus Lump Sum Based Losses
LumpSumBasedLosses
327200000
CY2021 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
-20100000
CY2021 mtus Decrease In Liability Due To Reversal Of Cost Remeasurement
DecreaseInLiabilityDueToReversalOfCostRemeasurement
55700000
CY2021 mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
35600000
CY2022Q4 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2022Q4 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
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CY2023Q1 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
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CY2022Q3 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2023 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2023 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
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CY2023 mtus Sales And Use Tax Refund
SalesAndUseTaxRefund
1400000
CY2021 mtus Sales And Use Tax Refund
SalesAndUseTaxRefund
2500000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
108500000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
171200000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5500000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
96400000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97100000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
176700000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
30400000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
200000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6100000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5700000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3700000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
200000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
800000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
600000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
36700000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7100000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4500000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
24200000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
800000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
700000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
300000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
100000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9700000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
24900000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1200000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3400000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3300000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2800000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1119523
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.85
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
291928
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.11
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
206245
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
33.93
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
621350
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.95
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P3Y6M
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5600000
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66360
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5.26
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P6Y2M12D
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1200000
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554990
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19.47
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P3Y1M6D
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4400000
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11500000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8800000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7300000
CY2023 mtus Future Allocated Share Based Compensation Expense
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19900000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y4M24D
CY2023 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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0
CY2023 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
4600000
CY2023 mtus Other Comprehensive Income Loss Deferrals Before Tax
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2300000
CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-2300000
CY2022 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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-1700000
CY2022 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
4700000
CY2022 mtus Other Comprehensive Income Loss Deferrals Before Tax
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0
CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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400000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6000000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1100000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1100000
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Firm
AuditorFirmId
42

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