2020 Q4 Form 10-K Financial Statement

#000172063521000013 Filed on February 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $521.2M $509.3M $447.2M
YoY Change -8.03% -9.02% -17.11%
Cost Of Revenue $324.2M $312.5M $286.9M
YoY Change -6.6% -6.91% -12.34%
Gross Profit $197.0M $196.8M $160.3M
YoY Change -10.29% -12.18% -24.46%
Gross Profit Margin 37.8% 38.64% 35.85%
Selling, General & Admin $106.1M $107.4M $104.3M
YoY Change -10.92% -14.9% -7.78%
% of Gross Profit 53.86% 54.57% 65.07%
Research & Development $10.40M $10.50M $10.70M
YoY Change -13.33% -11.02% -11.57%
% of Gross Profit 5.28% 5.34% 6.67%
Depreciation & Amortization $25.70M $25.90M $25.40M
YoY Change 2.39% 6.58% 6.28%
% of Gross Profit 13.05% 13.16% 15.85%
Operating Expenses $116.5M $117.9M $115.0M
YoY Change -11.14% -14.57% -8.15%
Operating Profit $74.40M -$141.6M $45.30M
YoY Change -9.82% -264.46% -47.93%
Interest Expense -$8.600M -$8.500M -$9.400M
YoY Change -19.63% -26.72% -21.01%
% of Operating Profit -11.56% -20.75%
Other Income/Expense, Net -$9.300M -$700.0K -$700.0K
YoY Change -67.02% -22.22% -30.0%
Pretax Income $56.50M -$150.8M $35.20M
YoY Change 29.59% -304.89% -52.5%
Income Tax $9.400M -$12.10M $9.400M
% Of Pretax Income 16.64% 26.7%
Net Earnings $47.10M -$138.7M $25.80M
YoY Change 3.52% -331.55% -57.64%
Net Earnings / Revenue 9.04% -27.23% 5.77%
Basic Earnings Per Share $0.28 -$0.82 $0.15
Diluted Earnings Per Share $0.28 -$0.82 $0.15
COMMON SHARES
Basic Shares Outstanding 168.2M shares 170.0M shares 169.9M shares
Diluted Shares Outstanding 170.0M shares 170.4M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.5M $159.8M $235.0M
YoY Change 15.13% 222.83% 828.85%
Cash & Equivalents $122.5M $159.8M $235.0M
Short-Term Investments
Other Short-Term Assets $92.90M $89.90M $100.4M
YoY Change -18.01% -26.79% -19.68%
Inventory $235.2M $238.9M $247.5M
Prepaid Expenses $29.80M
Receivables $359.4M $370.2M $356.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $764.4M $816.0M $883.1M
YoY Change -4.29% 1.19% 18.03%
LONG-TERM ASSETS
Property, Plant & Equipment $289.4M $278.1M $276.8M
YoY Change 1.72% -0.78% 4.65%
Goodwill $2.098B $2.091B $2.297B
YoY Change -7.94% -8.55% 2.76%
Intangibles $1.106B $1.118B $1.140B
YoY Change -4.74% -4.86% -0.41%
Long-Term Investments
YoY Change
Other Assets $108.6M $108.2M $115.6M
YoY Change -7.57% 22.12% 59.89%
Total Long-Term Assets $3.602B $3.595B $3.553B
YoY Change 1.25% 1.27% 2.91%
TOTAL ASSETS
Total Short-Term Assets $764.4M $816.0M $883.1M
Total Long-Term Assets $3.602B $3.595B $3.553B
Total Assets $4.366B $4.411B $4.712B
YoY Change -5.91% -4.86% 5.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.1M $139.1M $134.9M
YoY Change -8.55% -0.36% -3.16%
Accrued Expenses $125.1M $119.6M $107.4M
YoY Change -4.28% -17.57% -7.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M $20.00M
YoY Change 14.29% 19.05% 33.33%
Total Short-Term Liabilities $450.0M $409.9M $386.2M
YoY Change -2.64% -6.27% -3.45%
LONG-TERM LIABILITIES
Long-Term Debt $928.0M $1.053B $1.208B
YoY Change -11.37% -8.5% 14.35%
Other Long-Term Liabilities $110.3M $99.80M $95.60M
YoY Change 17.97% 10.4% 13.54%
Total Long-Term Liabilities $1.038B $1.153B $1.303B
YoY Change -8.97% -7.12% 14.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $450.0M $409.9M $386.2M
Total Long-Term Liabilities $1.038B $1.153B $1.303B
Total Liabilities $1.956B $1.997B $2.134B
YoY Change -4.47% -3.5% 10.75%
SHAREHOLDERS EQUITY
Retained Earnings $20.70M $3.000M $171.5M
YoY Change -88.91% -98.24% 22.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.410B $2.413B $2.578B
YoY Change
Total Liabilities & Shareholders Equity $4.366B $4.411B $4.712B
YoY Change -5.91% -4.86% 5.55%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $47.10M -$138.7M $25.80M
YoY Change 3.52% -331.55% -57.64%
Depreciation, Depletion And Amortization $25.70M $25.90M $25.40M
YoY Change 2.39% 6.58% 6.28%
Cash From Operating Activities $140.3M $113.2M $83.80M
YoY Change -21.53% 13.54% 18.19%
INVESTING ACTIVITIES
Capital Expenditures -$14.60M -$8.200M -$7.000M
YoY Change 48.98% -28.07% -16.67%
Acquisitions
YoY Change
Other Investing Activities $500.0K $100.0K $300.0K
YoY Change 150.0% -100.08% 200.0%
Cash From Investing Activities -$14.10M -$8.100M -$6.700M
YoY Change 46.87% -94.18% -19.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -172.3M -182.7M -33.80M
YoY Change 54.25% -388.63% -51.3%
NET CHANGE
Cash From Operating Activities 140.3M 113.2M 83.80M
Cash From Investing Activities -14.10M -8.100M -6.700M
Cash From Financing Activities -172.3M -182.7M -33.80M
Net Change In Cash -46.10M -77.60M 43.30M
YoY Change -180.17% -426.05% -736.76%
FREE CASH FLOW
Cash From Operating Activities $140.3M $113.2M $83.80M
Capital Expenditures -$14.60M -$8.200M -$7.000M
Free Cash Flow $154.9M $121.4M $90.80M
YoY Change -17.87% 9.27% 14.5%

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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-28300000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26600000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1300000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-18300000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-900000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12000000.0 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-21500000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-10200000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-7300000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18600000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7900000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13400000 USD
CY2020 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-4200000 USD
CY2019 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-6600000 USD
CY2018 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
6800000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1500000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-16900000 USD
CY2018 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
27500000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
100000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
11700000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
23500000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
344000000.0 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
336300000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
343500000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40000000.0 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38800000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39500000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000.0 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6300000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2400000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27000000.0 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
127800000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2000000.0 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65000000.0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-160300000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39100000 USD
CY2020 us-gaap Repayments Of Subordinated Short Term Debt
RepaymentsOfSubordinatedShortTermDebt
0 USD
CY2019 us-gaap Repayments Of Subordinated Short Term Debt
RepaymentsOfSubordinatedShortTermDebt
0 USD
CY2018 us-gaap Repayments Of Subordinated Short Term Debt
RepaymentsOfSubordinatedShortTermDebt
300000 USD
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-100000000.0 USD
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
134600000 USD
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1000000000.0 USD
CY2020 us-gaap Repayments Of Long Term Debt
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17500000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14100000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
52500000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9900000 USD
CY2020 nvt Payments Provided To Former Parent At Separation
PaymentsProvidedToFormerParentAtSeparation
0 USD
CY2019 nvt Payments Provided To Former Parent At Separation
PaymentsProvidedToFormerParentAtSeparation
0 USD
CY2018 nvt Payments Provided To Former Parent At Separation
PaymentsProvidedToFormerParentAtSeparation
993600000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
119000000.0 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
120700000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
62900000 USD
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7200000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
9500000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
8600000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43200000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
235700000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56000000.0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-272500000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-226400000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-166600000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9600000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2200000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5700000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16100000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-52600000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
132100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106400000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159000000.0 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26900000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106400000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159000000.0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47100000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
52300000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
34700000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39200000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60800000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
57400000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3791300000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
230800000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-50700000 USD
CY2018 nvt Stockholders Equity Note Spinoff Transaction Net Transfers From Parent
StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent
14600000 USD
CY2018 nvt Stockholders Equity Note Spinoff Transaction Cash Provided At Separation To Parent Company
StockholdersEquityNoteSpinoffTransactionCashProvidedAtSeparationToParentCompany
993600000 USD
CY2018 nvt Adjustmentsto Additional Paidin Capital Spinoff Transaction
AdjustmentstoAdditionalPaidinCapitalSpinoffTransaction
0 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-1800000 USD
CY2018 us-gaap Dividends Common Stock
DividendsCommonStock
93900000 USD
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
59000000.0 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12100000 USD
CY2018 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3500000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9900000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2687100000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
222700000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9200000 USD
CY2019 us-gaap Dividends Common Stock
DividendsCommonStock
119400000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
232700000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13100000 USD
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3600000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16100000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2592500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-47200000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3400000 USD
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
118800000 USD
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43200000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11300000 USD
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4100000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15900000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2409800000 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2018Q2 nvt Spinoff Transaction Equity Interests Issued Per Ordinary Predecessor Share
SpinoffTransactionEquityInterestsIssuedPerOrdinaryPredecessorShare
1 shares
CY2019Q4 us-gaap Contract With Customer Asset Net
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69400000 USD
CY2018 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
42500000 USD
CY2020 us-gaap Fiscal Period
FiscalPeriod
Fiscal yearOur fiscal year ends on December 31. We report our interim quarterly periods on a calendar quarter basis.
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our consolidated and combined financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in these consolidated and combined financial statements and accompanying notes, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates include our accounting for valuation of goodwill and indefinite lived intangible assets, estimated losses on accounts receivable, estimated realizable value on excess and obsolete inventory, percentage of completion revenue recognition, assets acquired and liabilities assumed in acquisitions, contingent liabilities, income taxes and pension and other post-retirement benefits. Actual results could differ from our estimates.</span></div>
CY2020 nvt Contract With Customer Asset Increase Decrease Amount
ContractWithCustomerAssetIncreaseDecreaseAmount
-23800000 USD
CY2020 nvt Contract With Customer Asset Increase Decrease Percent
ContractWithCustomerAssetIncreaseDecreasePercent
-0.343
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284500000 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
8200000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13700000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1998600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2204000000.0 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2213600000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1998600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2204000000.0 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2213600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2020 nvt Contract With Customer Liability Increase Decrease Amount
ContractWithCustomerLiabilityIncreaseDecreaseAmount
-2400000 USD
CY2020 nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
-0.175
CY2020Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
34300000 USD
CY2019Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
55700000 USD
CY2020 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-21400000 USD
CY2020 nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
-0.384
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
69400000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
74400000 USD
CY2019 nvt Contract With Customer Asset Increase Decrease Amount
ContractWithCustomerAssetIncreaseDecreaseAmount
-5000000.0 USD
CY2019 nvt Contract With Customer Asset Increase Decrease Percent
ContractWithCustomerAssetIncreaseDecreasePercent
-0.067
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13700000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13200000 USD
CY2019 nvt Contract With Customer Liability Increase Decrease Amount
ContractWithCustomerLiabilityIncreaseDecreaseAmount
500000 USD
CY2019 nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
0.038
CY2019Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
55700000 USD
CY2018Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
61200000 USD
CY2019 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-5500000 USD
CY2019 nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
-0.090
CY2020 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-21400000 USD
CY2019 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-5500000 USD
CY2019 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
CY2020 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
86300000 USD
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2020 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
500 Person
CY2019 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
400 Person
CY2018 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
50 Person
CY2020 us-gaap Restructuring Charges
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17700000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
21900000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
7700000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
17700000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
21900000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
7700000 USD
CY2019Q4 us-gaap Restructuring Reserve
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9500000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
3800000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
15000000.0 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
19600000 USD
CY2020 us-gaap Payments For Restructuring
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17900000 USD
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
13900000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
6600000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
9500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-47200000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
222700000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
230800000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169600000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178600000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2200000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169600000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173000000.0 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180800000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
CY2018Q4 us-gaap Goodwill
Goodwill
2234300000 USD
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4200000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2019Q4 us-gaap Goodwill
Goodwill
2279100000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
20100000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
212300000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
11300000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2098200000 USD
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
45100000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-300000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2279100000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1230800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
398400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
832400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1212700000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
333500000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
879200000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
273100000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
273100000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
281300000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
281300000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1503900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
398400000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1105500000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1494000000.0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
333500000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1160500000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
64200000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
61400000 USD
CY2018 us-gaap Adjustment For Amortization
AdjustmentForAmortization
60900000 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
8200000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
63400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
63300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
63100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
62500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
62500000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
67300000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
67100000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24400000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
25600000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
143500000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
152000000.0 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
235200000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
440400000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
244700000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
69400000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
29800000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
32500000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
13400000 USD
CY2019Q4 us-gaap Prepaid Taxes
PrepaidTaxes
9000000.0 USD
CY2020Q4 nvt Other Current Assets
OtherCurrentAssets
4100000 USD
CY2019Q4 nvt Other Current Assets
OtherCurrentAssets
2400000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
92900000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
113300000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
41000000.0 USD
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
40600000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
185500000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
181600000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
461400000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
30300000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
16500000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
718200000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
679100000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428800000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
394600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284500000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20000000.0 USD
CY2019Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
17300000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45600000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44200000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40900000 USD
CY2020Q4 nvt Other Long Term Assets
OtherLongTermAssets
13200000 USD
CY2019Q4 nvt Other Long Term Assets
OtherLongTermAssets
15100000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-100500000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
108600000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
117500000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2019Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29700000 USD
CY2020Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
40500000 USD
CY2019Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
44100000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13700000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32800000 USD
CY2019Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
24800000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14200000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14700000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
60300000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
58700000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
188500000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
185700000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31700000 USD
CY2019Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31900000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20000000.0 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
17300000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35700000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33700000 USD
CY2020Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
22900000 USD
CY2019Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
10600000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
110300000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
93500000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-104200000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
9000000.0 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
1900000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-95200000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-98600000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4100000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5000000.0 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
948000000.0 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1064600000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000.0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17500000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
928000000.0 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1047100000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
20000000.0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20000000.0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
412100000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
500000000.0 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
952100000 USD
CY2020Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
6900000 USD
CY2019Q4 us-gaap Aoci Derivative Qualifying As Hedge Excluded Component After Tax
AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax
1900000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
200000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-21100000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-20400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-7800000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
278500000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
289100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
257400000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
268700000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.003
CY2020 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
0.012
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
51800000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
55600000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
47000000.0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51800000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
55600000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
47000000.0 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
200000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-14300000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-20900000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9100000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14100000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-20900000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37700000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34700000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37900000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
1.531
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.022
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.061
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3.080
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.036
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.009
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.143
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2019 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
-0.001
CY2018 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
0
CY2020 nvt Effective Income Tax Rate Reconciliation Tax Effectof Us Tax Reform
EffectiveIncomeTaxRateReconciliationTaxEffectofUSTaxReform
-2.478
CY2019 nvt Effective Income Tax Rate Reconciliation Tax Effectof Us Tax Reform
EffectiveIncomeTaxRateReconciliationTaxEffectofUSTaxReform
0
CY2018 nvt Effective Income Tax Rate Reconciliation Tax Effectof Us Tax Reform
EffectiveIncomeTaxRateReconciliationTaxEffectofUSTaxReform
0
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-3.968
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.135
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17000000.0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16800000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2300000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1400000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1100000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1200000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
8000000.0 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1900000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
200000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
2800000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17100000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17000000.0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16800000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17100000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
15900000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
2300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1700000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3500000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3000000.0 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40900000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
230100000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
237800000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
200300000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
196900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
8500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
10400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
41400000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
36900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
16100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
11800000 USD
CY2020Q4 nvt Deferred Tax Assets Operating Loss And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossAndTaxCreditCarryforwards
137800000 USD
CY2019Q4 nvt Deferred Tax Assets Operating Loss And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossAndTaxCreditCarryforwards
138100000 USD
CY2020Q4 nvt Deferred Tax Asset Interest Limitation
DeferredTaxAssetInterestLimitation
15800000 USD
CY2019Q4 nvt Deferred Tax Asset Interest Limitation
DeferredTaxAssetInterestLimitation
20000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
10100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
229700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
226200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
154500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
125300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
75200000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
100900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17100000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17600000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
240200000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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262200000 USD
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