2023 Q3 Form 10-Q Financial Statement
#000175707323000060 Filed on August 02, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $631.3M | $662.4M |
YoY Change | -2.25% | 4.91% |
Cost Of Revenue | $268.0M | $279.0M |
YoY Change | -2.9% | 8.43% |
Gross Profit | $363.3M | $383.4M |
YoY Change | -1.76% | 2.49% |
Gross Profit Margin | 57.55% | 57.88% |
Selling, General & Admin | $257.7M | $272.9M |
YoY Change | -7.8% | 5.69% |
% of Gross Profit | 70.93% | 71.18% |
Research & Development | $22.30M | $18.00M |
YoY Change | -11.16% | -26.23% |
% of Gross Profit | 6.14% | 4.69% |
Depreciation & Amortization | $32.80M | $33.50M |
YoY Change | -6.55% | 329.49% |
% of Gross Profit | 9.03% | 8.74% |
Operating Expenses | $280.0M | $290.9M |
YoY Change | -8.08% | 2.94% |
Operating Profit | $83.30M | $92.50M |
YoY Change | 27.76% | 1.09% |
Interest Expense | $15.40M | -$17.40M |
YoY Change | 140.63% | -394.92% |
% of Operating Profit | 18.49% | -18.81% |
Other Income/Expense, Net | -$32.10M | $7.100M |
YoY Change | -10800.0% | 2266.67% |
Pretax Income | $35.80M | $68.60M |
YoY Change | -39.42% | -20.14% |
Income Tax | $14.30M | $16.70M |
% Of Pretax Income | 39.94% | 24.34% |
Net Earnings | $21.50M | $51.90M |
YoY Change | -54.35% | -30.71% |
Net Earnings / Revenue | 3.41% | 7.84% |
Basic Earnings Per Share | $0.13 | $0.32 |
Diluted Earnings Per Share | $0.12 | $0.29 |
COMMON SHARES | ||
Basic Shares Outstanding | 163.8M shares | 163.7M shares |
Diluted Shares Outstanding | 175.2M shares | 176.3M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $824.2M | $651.7M |
YoY Change | 57.56% | -39.56% |
Cash & Equivalents | $824.2M | $651.7M |
Short-Term Investments | ||
Other Short-Term Assets | $120.6M | $125.0M |
YoY Change | -41.57% | -39.79% |
Inventory | $278.8M | $297.0M |
Prepaid Expenses | ||
Receivables | $417.1M | $415.2M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.641B | $1.489B |
YoY Change | 18.18% | -22.0% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $304.0M | $429.7M |
YoY Change | 15.11% | 62.64% |
Goodwill | $3.458B | $3.494B |
YoY Change | 2.02% | 13.05% |
Intangibles | $1.001B | $1.043B |
YoY Change | -6.93% | 3.61% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $152.9M | $151.7M |
YoY Change | -28.01% | -13.26% |
Total Long-Term Assets | $5.043B | $5.118B |
YoY Change | -0.58% | 9.75% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.641B | $1.489B |
Total Long-Term Assets | $5.043B | $5.118B |
Total Assets | $6.684B | $6.607B |
YoY Change | 3.45% | 0.53% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $168.6M | $176.8M |
YoY Change | -7.72% | -2.1% |
Accrued Expenses | $335.5M | $322.1M |
YoY Change | -25.15% | -27.27% |
Deferred Revenue | $100.9M | $102.6M |
YoY Change | 42.51% | 39.97% |
Short-Term Debt | $115.1M | $0.00 |
YoY Change | -77.37% | -100.0% |
Long-Term Debt Due | $115.1M | $511.5M |
YoY Change | -77.37% | 0.73% |
Total Short-Term Liabilities | $746.8M | $1.151B |
YoY Change | -40.55% | -8.35% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.381B | $875.6M |
YoY Change | 59.82% | -0.15% |
Other Long-Term Liabilities | $150.5M | $269.8M |
YoY Change | -25.24% | -6.38% |
Total Long-Term Liabilities | $1.532B | $1.145B |
YoY Change | 43.75% | -1.69% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $746.8M | $1.151B |
Total Long-Term Liabilities | $1.532B | $1.145B |
Total Liabilities | $2.278B | $2.296B |
YoY Change | -1.87% | -5.15% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $848.6M | $827.1M |
YoY Change | 39.05% | 46.86% |
Common Stock | $1.700M | $1.600M |
YoY Change | 6.25% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.293B | $4.311B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.684B | $6.607B |
YoY Change | 3.45% | 0.53% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $21.50M | $51.90M |
YoY Change | -54.35% | -30.71% |
Depreciation, Depletion And Amortization | $32.80M | $33.50M |
YoY Change | -6.55% | 329.49% |
Cash From Operating Activities | $95.50M | $75.10M |
YoY Change | 330.18% | 2045.71% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $18.40M | $14.10M |
YoY Change | -252.07% | -28.79% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$6.600M | $11.30M |
YoY Change | -98.86% | 121.57% |
Cash From Investing Activities | -$25.00M | -$2.800M |
YoY Change | -95.77% | -154.9% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 114.5M | 2.600M |
YoY Change | 6261.11% | -50.94% |
NET CHANGE | ||
Cash From Operating Activities | 95.50M | 75.10M |
Cash From Investing Activities | -25.00M | -2.800M |
Cash From Financing Activities | 114.5M | 2.600M |
Net Change In Cash | 185.0M | 74.90M |
YoY Change | -132.59% | 1493.62% |
FREE CASH FLOW | ||
Cash From Operating Activities | $95.50M | $75.10M |
Capital Expenditures | $18.40M | $14.10M |
Free Cash Flow | $77.10M | $61.00M |
YoY Change | 124.78% | -474.23% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
nvst |
Product Warranty Period
ProductWarrantyPeriod
|
P90D | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.230 | ||
CY2021 | us-gaap |
Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
|
http://fasb.org/us-gaap/2023#AccountingStandardsUpdate202006Member | |
CY2023Q2 | us-gaap |
Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
|
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent | |
us-gaap |
Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
|
0.0475862 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
95700000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
122000000.0 | usd | |
us-gaap |
Depreciation
Depreciation
|
17900000 | usd | |
us-gaap |
Depreciation
Depreciation
|
16100000 | usd | |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
52000000.0 | usd | |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
50300000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3200000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3600000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
20200000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15800000 | usd | |
us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
6900000 | usd | |
us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1100000 | usd | |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
8900000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
800000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
3800000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
200000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
4900000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
13100000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
11200000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2100000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2000000.0 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-47100000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1100000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
17400000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-27200000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-80900000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
16800000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
15500000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
78200000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
25700000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
31600000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
31900000 | usd | |
us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
10700000 | usd | |
us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
569800000 | usd | |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | usd | |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
28800000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3900000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
13600000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24800000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-586500000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5900000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
15400000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
6400000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
8100000 | usd | |
us-gaap |
Proceeds From Short Term Debt Maturing In Three Months Or Less
ProceedsFromShortTermDebtMaturingInThreeMonthsOrLess
|
0 | usd | |
us-gaap |
Proceeds From Short Term Debt Maturing In Three Months Or Less
ProceedsFromShortTermDebtMaturingInThreeMonthsOrLess
|
300000 | usd | |
us-gaap |
Repayments Of Short Term Debt Maturing In Three Months Or Less
RepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
0 | usd | |
us-gaap |
Repayments Of Short Term Debt Maturing In Three Months Or Less
RepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
500000 | usd | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7100000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3200000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-550500000 | usd | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
523100000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
13800000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
52600000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
18300000 | usd | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
nvst |
Number Of Portfolio Segments
NumberOfPortfolioSegments
|
1 | segment | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
16200000 | usd |
us-gaap |
Financing Receivable Allowance For Credit Loss Foreign Currency Translation
FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation
|
200000 | usd | |
nvst |
Accounts Receivable Credit Loss Expense Reversal Adjusted For Discontinued Operations
AccountsReceivableCreditLossExpenseReversalAdjustedForDiscontinuedOperations
|
3200000 | usd | |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
1800000 | usd | |
us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
1100000 | usd | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
16300000 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
229500000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
229200000 | usd |
CY2023Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
22200000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
23900000 | usd |
CY2023Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
102200000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
103400000 | usd |
CY2023Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
56900000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
55700000 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
297000000.0 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
300800000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
626800000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
605900000 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
326700000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
312300000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
300100000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
293600000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
3496600000 | usd |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-2800000 | usd | |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
3493800000 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
114100000 | usd |
CY2023Q2 | nvst |
Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
|
21100000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
148000000.0 | usd |
CY2022Q4 | nvst |
Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
|
17500000 | usd |
CY2023Q2 | nvst |
Sales And Product Allowances Current
SalesAndProductAllowancesCurrent
|
63700000 | usd |
CY2023Q2 | nvst |
Sales And Product Allowances Noncurrent
SalesAndProductAllowancesNoncurrent
|
1500000 | usd |
CY2022Q4 | nvst |
Sales And Product Allowances Current
SalesAndProductAllowancesCurrent
|
85100000 | usd |
CY2022Q4 | nvst |
Sales And Product Allowances Noncurrent
SalesAndProductAllowancesNoncurrent
|
1300000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
102600000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
8300000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
78900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
8600000 | usd |
CY2023Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
37800000 | usd |
CY2023Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
65800000 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
42100000 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
68600000 | usd |
CY2023Q2 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
11100000 | usd |
CY2023Q2 | us-gaap |
Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
18900000 | usd |
CY2022Q4 | us-gaap |
Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
|
0 | usd |
CY2023Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
|
5600000 | usd |
CY2023Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
16600000 | usd |
CY2022Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
|
5600000 | usd |
CY2022Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
17500000 | usd |
CY2023Q2 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
10300000 | usd |
CY2023Q2 | us-gaap |
Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
|
26700000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
8100000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
|
27600000 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
1700000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
88800000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
11300000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
84700000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
10200000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
434000000.0 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
153000000.0 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
471400000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
151300000 | usd |
CY2023Q2 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
377000000.0 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
|
-3200000 | usd |
CY2022Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
1116600000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
|
50000000.0 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1700000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
0 | usd |
CY2023Q2 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
19400000 | usd |
CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
6000000.0 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
15800000 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
6000000.0 | usd |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.247 | |
CY2022Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9200000 | usd |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
6700000 | usd | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
6500000 | usd | |
us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-100000 | usd | |
CY2023Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9500000 | usd |
CY2023Q2 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
37000000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
35700000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1387100000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1380700000 | usd |
CY2023Q2 | us-gaap |
Debt Current
DebtCurrent
|
511500000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
510000000.0 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
875600000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
870700000 | usd |
CY2023Q2 | nvst |
Prime Rate
PrimeRate
|
0.0050 | |
CY2023Q2 | nvst |
Rateinexcessof Eurocurrencyrate
RateinexcessofEurocurrencyrate
|
0.010 | |
CY2023Q2 | us-gaap |
Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
|
3.75 | |
CY2023Q2 | nvst |
Ratioof Indebtednessto Net Capital Contingency Provision
RatioofIndebtednesstoNetCapitalContingencyProvision
|
4.25 | |
CY2023Q2 | nvst |
Contingency Provision Purchase Pricein Excessof100million
ContingencyProvisionPurchasePriceinExcessof100million
|
100000000.0 | usd |
CY2023Q2 | nvst |
Interest Coverage Ratio
InterestCoverageRatio
|
3.00 | |
CY2023Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
21.01 | |
CY2023Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
21.01 | |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
21.01 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.208 | ||
CY2023Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
7400000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
9500000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1289600000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1277200000 | usd | |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
73100000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
110900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
87500000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
53200000 | usd | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
36100000 | usd | |
CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
18900000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
17500000 | usd | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
25300000 | usd | |
CY2023Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
11100000 | usd |
CY2023Q2 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
13600000 | usd |
CY2022Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
14800000 | usd |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
17900000 | usd | |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
18500000 | usd | |
CY2022Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
14800000 | usd |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
17900000 | usd | |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
18500000 | usd | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.243 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
51900000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
44500000 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
95700000 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
114900000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | usd |
CY2022Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
2600000 | usd |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | usd | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
7100000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
51900000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
47100000 | usd |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164000000.0 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
162900000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2400000 | shares |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3300000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
9900000 | shares |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
12300000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
176300000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
178500000 | shares |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.32 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.27 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.58 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.71 | ||
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.29 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.25 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.54 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.64 | ||
CY2023Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0 | |
CY2022Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0.02 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0 | ||
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0.04 | ||
CY2023Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0 | |
CY2022Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0.01 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0 | ||
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0.04 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.32 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.58 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.75 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.54 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.68 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
662400000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
645800000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1289600000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1277200000 | usd | |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
78900000 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
65200000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
151000000.0 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
156700000 | usd | |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7100000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
300000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7400000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
600000 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
17400000 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
6400000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
34100000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
12300000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
68600000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
59100000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
124300000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
145000000.0 | usd | |
CY2023Q2 | us-gaap |
Assets
Assets
|
6607200000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
6587000000 | usd |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |