$NVT
nVent Electric plc

2021 Q2 Form 10-Q Financial Statement

#000172063521000046 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $601.3M $447.2M
YoY Change 34.46% -17.11%
Cost Of Revenue $366.1M $286.9M
YoY Change 27.61% -12.34%
Gross Profit $235.2M $160.3M
YoY Change 46.72% -24.46%
Gross Profit Margin 39.12% 35.85%
Selling, General & Admin $135.2M $104.3M
YoY Change 29.63% -7.78%
% of Gross Profit 57.48% 65.07%
Research & Development $11.70M $10.70M
YoY Change 9.35% -11.57%
% of Gross Profit 4.97% 6.67%
Depreciation & Amortization $26.30M $25.40M
YoY Change 3.54% 6.28%
% of Gross Profit 11.18% 15.85%
Operating Expenses $146.9M $115.0M
YoY Change 27.74% -8.15%
Operating Profit $88.30M $45.30M
YoY Change 94.92% -47.93%
Interest Expense -$8.100M -$9.400M
YoY Change -13.83% -21.01%
% of Operating Profit -9.17% -20.75%
Other Income/Expense, Net -$600.0K -$700.0K
YoY Change -14.29% -30.0%
Pretax Income $79.60M $35.20M
YoY Change 126.14% -52.5%
Income Tax $13.40M $9.400M
% Of Pretax Income 16.83% 26.7%
Net Earnings $66.20M $25.80M
YoY Change 156.59% -57.64%
Net Earnings / Revenue 11.01% 5.77%
Basic Earnings Per Share $0.15
Diluted Earnings Per Share $390.3K $0.15
COMMON SHARES
Basic Shares Outstanding 167.9M shares 169.9M shares
Diluted Shares Outstanding 169.6M shares 170.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.8M $235.0M
YoY Change -56.68% 828.85%
Cash & Equivalents $101.8M $235.0M
Short-Term Investments
Other Short-Term Assets $116.0M $100.4M
YoY Change 15.54% -19.68%
Inventory $275.4M $247.5M
Prepaid Expenses
Receivables $456.9M $356.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $902.5M $883.1M
YoY Change 2.2% 18.03%
LONG-TERM ASSETS
Property, Plant & Equipment $291.6M $276.8M
YoY Change 5.35% 4.65%
Goodwill $2.193B $2.297B
YoY Change -4.53% 2.76%
Intangibles $1.179B $1.140B
YoY Change 3.46% -0.41%
Long-Term Investments
YoY Change
Other Assets $143.4M $115.6M
YoY Change 24.05% 59.89%
Total Long-Term Assets $3.807B $3.553B
YoY Change 7.17% 2.91%
TOTAL ASSETS
Total Short-Term Assets $902.5M $883.1M
Total Long-Term Assets $3.807B $3.553B
Total Assets $4.710B $4.712B
YoY Change -0.06% 5.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.1M $134.9M
YoY Change 62.42% -3.16%
Accrued Expenses $168.6M $107.4M
YoY Change 56.98% -7.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M
YoY Change 0.0% 33.33%
Total Short-Term Liabilities $535.8M $386.2M
YoY Change 38.74% -3.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.104B $1.208B
YoY Change -8.59% 14.35%
Other Long-Term Liabilities $134.2M $95.60M
YoY Change 40.38% 13.54%
Total Long-Term Liabilities $1.238B $1.303B
YoY Change -5.0% 14.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $535.8M $386.2M
Total Long-Term Liabilities $1.238B $1.303B
Total Liabilities $2.217B $2.134B
YoY Change 3.88% 10.75%
SHAREHOLDERS EQUITY
Retained Earnings $92.30M $171.5M
YoY Change -46.18% 22.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.493B $2.578B
YoY Change
Total Liabilities & Shareholders Equity $4.710B $4.712B
YoY Change -0.06% 5.55%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $66.20M $25.80M
YoY Change 156.59% -57.64%
Depreciation, Depletion And Amortization $26.30M $25.40M
YoY Change 3.54% 6.28%
Cash From Operating Activities $93.40M $83.80M
YoY Change 11.46% 18.19%
INVESTING ACTIVITIES
Capital Expenditures -$8.000M -$7.000M
YoY Change 14.29% -16.67%
Acquisitions
YoY Change
Other Investing Activities -$228.7M $300.0K
YoY Change -76333.33% 200.0%
Cash From Investing Activities -$236.7M -$6.700M
YoY Change 3432.84% -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 138.5M -33.80M
YoY Change -509.76% -51.3%
NET CHANGE
Cash From Operating Activities 93.40M 83.80M
Cash From Investing Activities -236.7M -6.700M
Cash From Financing Activities 138.5M -33.80M
Net Change In Cash -4.800M 43.30M
YoY Change -111.09% -736.76%
FREE CASH FLOW
Cash From Operating Activities $93.40M $83.80M
Capital Expenditures -$8.000M -$7.000M
Free Cash Flow $101.4M $90.80M
YoY Change 11.67% 14.5%

Facts In Submission

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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
232600000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27000000.0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-250400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42800000 USD
nvt Net Receipts Of Revolving Long Term Debt
NetReceiptsOfRevolvingLongTermDebt
165400000 USD
nvt Net Receipts Of Revolving Long Term Debt
NetReceiptsOfRevolvingLongTermDebt
150000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58800000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
9500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
86100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82500000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
300000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1600000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20700000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
128600000 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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101800000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
235000000.0 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2409800000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
65400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
22300000 USD
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
29400000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000.0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4100000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
0 shares
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2000000.0 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-200000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2450000000.0 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
66200000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6500000 USD
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
30600000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7500000 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6400000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2492800000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2592500000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
18600000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6500000 USD
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
29800000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3200000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6400000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
0 shares
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3300000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1900000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2576600000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
25800000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1800000 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
29800000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
200000 USD
CY2020Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
0 shares
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
600000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4200000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2578200000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
601300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150200000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
968100000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
601300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150200000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
968100000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
47600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
nvt Contract With Customer Asset Increase Decrease Amount
ContractWithCustomerAssetIncreaseDecreaseAmount
2000000.0 USD
nvt Contract With Customer Asset Increase Decrease Percent
ContractWithCustomerAssetIncreaseDecreasePercent
0.044
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
nvt Contract With Customer Liability Increase Decrease Amount
ContractWithCustomerLiabilityIncreaseDecreaseAmount
3100000 USD
nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
0.274
CY2021Q2 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
33200000 USD
CY2020Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
34300000 USD
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-1100000 USD
nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
-0.032
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-1100000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
47900000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
4300000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
3000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
5100000 USD
us-gaap Restructuring Charges
RestructuringCharges
7300000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
4300000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
3000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
5100000 USD
us-gaap Restructuring Charges
RestructuringCharges
7300000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
6600000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
9500000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2700000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
6200000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
5400000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
6700000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
3900000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
9000000.0 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
66200000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
25800000 USD
us-gaap Profit Loss
ProfitLoss
131600000 USD
us-gaap Profit Loss
ProfitLoss
131600000 USD
us-gaap Profit Loss
ProfitLoss
44400000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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167900000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169900000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169600000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170700000 shares
CY2021Q2 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.39
CY2020Q2 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.15
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.78
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.26
CY2021Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.39
CY2020Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.15
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.78
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.26
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3400000 shares
CY2020Q4 us-gaap Goodwill
Goodwill
2098200000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
96600000 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-1500000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
2193300000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
2193300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1336700000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
430800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
905900000 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
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1609800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
430800000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1179000000.0 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
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
35600000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
71100000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
70900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
70300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70300000 USD
CY2021Q2 nvt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
70300000 USD
CY2021Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
84200000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
67300000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
30200000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24400000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
161000000.0 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
143500000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
275400000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
235200000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
47600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2021Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
47100000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
29800000 USD
CY2021Q2 us-gaap Prepaid Taxes
PrepaidTaxes
18600000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
13400000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
2700000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
4100000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
116000000.0 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
92900000 USD
CY2021Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
40600000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
41000000.0 USD
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
185000000.0 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
185500000 USD
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
479800000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
461400000 USD
CY2021Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
29900000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
30300000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
735300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
718200000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
443700000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428800000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
291600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2021Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20400000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20000000.0 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
78400000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45600000 USD
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
19800000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
24800000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13200000 USD
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
143400000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
108600000 USD
CY2021Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
30400000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2021Q2 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
55300000 USD
CY2020Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
40500000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2021Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
22100000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32800000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18000000.0 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14200000 USD
CY2021Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
61200000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
60300000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
201400000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
188500000 USD
CY2021Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
30300000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31700000 USD
CY2021Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20400000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20000000.0 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
64700000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35700000 USD
CY2021Q2 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
18800000 USD
CY2020Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
22900000 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
134200000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
110300000 USD
CY2021Q2 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
7200000 USD
CY2020Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
6900000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3600000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4100000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1103900000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
948000000.0 USD
CY2021Q2 us-gaap Debt Current
DebtCurrent
20000000.0 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
20000000.0 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1083900000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
928000000.0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
10000000.0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
20000000.0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
577500000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
500000000.0 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1107500000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.130
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.476
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15800000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17100000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.130
nvt Effective Income Tax Rate Reconciliation Discrete Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationDiscreteTaxBenefitAmount
5200000 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
380000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
900000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
200000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3200000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
525100000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
880000000.0 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000.0 USD
CY2019Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.175
CY2021Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
30400000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
601300000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
968100000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
79600000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
151300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84800000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 USD

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