2021 Q3 Form 10-Q Financial Statement

#000172063521000059 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $642.8M $509.3M
YoY Change 26.21% -9.02%
Cost Of Revenue $392.3M $312.5M
YoY Change 25.54% -6.91%
Gross Profit $250.5M $196.8M
YoY Change 27.29% -12.18%
Gross Profit Margin 38.97% 38.64%
Selling, General & Admin $139.7M $107.4M
YoY Change 30.07% -14.9%
% of Gross Profit 55.77% 54.57%
Research & Development $13.10M $10.50M
YoY Change 24.76% -11.02%
% of Gross Profit 5.23% 5.34%
Depreciation & Amortization $27.80M $25.90M
YoY Change 7.34% 6.58%
% of Gross Profit 11.1% 13.16%
Operating Expenses $152.8M $117.9M
YoY Change 29.6% -14.57%
Operating Profit $97.70M -$141.6M
YoY Change -169.0% -264.46%
Interest Expense -$8.200M -$8.500M
YoY Change -3.53% -26.72%
% of Operating Profit -8.39%
Other Income/Expense, Net -$600.0K -$700.0K
YoY Change -14.29% -22.22%
Pretax Income $88.90M -$150.8M
YoY Change -158.95% -304.89%
Income Tax $14.60M -$12.10M
% Of Pretax Income 16.42%
Net Earnings $74.30M -$138.7M
YoY Change -153.57% -331.55%
Net Earnings / Revenue 11.56% -27.23%
Basic Earnings Per Share -$0.82
Diluted Earnings Per Share $436.8K -$0.82
COMMON SHARES
Basic Shares Outstanding 168.2M shares 170.0M shares
Diluted Shares Outstanding 170.1M shares 170.0M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.00M $159.8M
YoY Change -71.21% 222.83%
Cash & Equivalents $46.00M $159.8M
Short-Term Investments
Other Short-Term Assets $113.8M $89.90M
YoY Change 26.59% -26.79%
Inventory $301.4M $238.9M
Prepaid Expenses
Receivables $473.7M $370.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $889.7M $816.0M
YoY Change 9.03% 1.19%
LONG-TERM ASSETS
Property, Plant & Equipment $287.6M $278.1M
YoY Change 3.42% -0.78%
Goodwill $2.187B $2.091B
YoY Change 4.62% -8.55%
Intangibles $1.163B $1.118B
YoY Change 4.03% -4.86%
Long-Term Investments
YoY Change
Other Assets $151.8M $108.2M
YoY Change 40.3% 22.12%
Total Long-Term Assets $3.789B $3.595B
YoY Change 5.41% 1.27%
TOTAL ASSETS
Total Short-Term Assets $889.7M $816.0M
Total Long-Term Assets $3.789B $3.595B
Total Assets $4.679B $4.411B
YoY Change 6.08% -4.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $227.5M $139.1M
YoY Change 63.55% -0.36%
Accrued Expenses $197.2M $119.6M
YoY Change 64.88% -17.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $20.00M
YoY Change -75.0% 19.05%
Total Short-Term Liabilities $571.2M $409.9M
YoY Change 39.35% -6.27%
LONG-TERM LIABILITIES
Long-Term Debt $976.5M $1.053B
YoY Change -7.25% -8.5%
Other Long-Term Liabilities $136.6M $99.80M
YoY Change 36.87% 10.4%
Total Long-Term Liabilities $1.113B $1.153B
YoY Change -3.43% -7.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $571.2M $409.9M
Total Long-Term Liabilities $1.113B $1.153B
Total Liabilities $2.137B $1.997B
YoY Change 7.01% -3.5%
SHAREHOLDERS EQUITY
Retained Earnings $136.9M $3.000M
YoY Change 4463.33% -98.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.542B $2.413B
YoY Change
Total Liabilities & Shareholders Equity $4.679B $4.411B
YoY Change 6.08% -4.86%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $74.30M -$138.7M
YoY Change -153.57% -331.55%
Depreciation, Depletion And Amortization $27.80M $25.90M
YoY Change 7.34% 6.58%
Cash From Operating Activities $114.8M $113.2M
YoY Change 1.41% 13.54%
INVESTING ACTIVITIES
Capital Expenditures -$7.300M -$8.200M
YoY Change -10.98% -28.07%
Acquisitions
YoY Change
Other Investing Activities -$2.500M $100.0K
YoY Change -2600.0% -100.08%
Cash From Investing Activities -$9.800M -$8.100M
YoY Change 20.99% -94.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.8M -182.7M
YoY Change -14.18% -388.63%
NET CHANGE
Cash From Operating Activities 114.8M 113.2M
Cash From Investing Activities -9.800M -8.100M
Cash From Financing Activities -156.8M -182.7M
Net Change In Cash -51.80M -77.60M
YoY Change -33.25% -426.05%
FREE CASH FLOW
Cash From Operating Activities $114.8M $113.2M
Capital Expenditures -$7.300M -$8.200M
Free Cash Flow $122.1M $121.4M
YoY Change 0.58% 9.27%

Facts In Submission

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36500000 USD
us-gaap Increase Decrease In Other Current Liabilities
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-3400000 USD
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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1900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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258100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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203700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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25200000 USD
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100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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1500000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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235100000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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27000000.0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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nvt Net Receipts Of Revolving Long Term Debt
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45300000 USD
nvt Net Receipts Of Revolving Long Term Debt
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0 USD
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100000000.0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Repayments Of Long Term Debt
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117500000 USD
us-gaap Repayments Of Long Term Debt
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12500000 USD
us-gaap Payments Of Debt Issuance Costs
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2300000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Dividends Common Stock
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88300000 USD
us-gaap Payments Of Dividends Common Stock
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89200000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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12100000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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4700000 USD
us-gaap Payments For Repurchase Of Common Stock
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20000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
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3200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-70700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
800000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53400000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46000000.0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159800000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2409800000 USD
CY2021Q1 us-gaap Profit Loss
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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
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20000000.0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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4100000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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0 shares
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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2000000.0 USD
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-200000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2450000000 USD
CY2021Q2 us-gaap Profit Loss
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66200000 USD
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30600000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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7500000 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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200000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6400000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2492800000 USD
CY2021Q3 us-gaap Profit Loss
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74300000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q3 us-gaap Dividends Common Stock
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29700000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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2700000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5100000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2541600000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2592500000 USD
CY2020Q1 us-gaap Profit Loss
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18600000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q1 us-gaap Dividends Common Stock
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29800000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
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3200000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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6400000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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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
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1900000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2576600000 USD
CY2020Q2 us-gaap Profit Loss
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25800000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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1800000 USD
CY2020Q2 us-gaap Dividends Common Stock
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29800000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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200000 USD
CY2020Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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0 shares
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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600000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4200000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2578200000 USD
CY2020Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Dividends Common Stock
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29800000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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2200000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2413400000 USD
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3 segment
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RevenueFromContractWithCustomerExcludingAssessedTax
642800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1793000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1477400000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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642800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1793000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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509300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1477400000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
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45200000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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45600000 USD
nvt Contract With Customer Asset Increase Decrease Amount
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ContractWithCustomerAssetIncreaseDecreasePercent
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CY2021Q3 us-gaap Contract With Customer Liability
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18400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
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ContractWithCustomerLiabilityIncreaseDecreaseAmount
7100000 USD
nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
0.628
CY2021Q3 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
26800000 USD
CY2020Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
34300000 USD
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-7500000 USD
nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
-0.219
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
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us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
CY2021Q3 us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
41600000 USD
CY2021Q3 us-gaap Restructuring Charges
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1900000 USD
CY2020Q3 us-gaap Restructuring Charges
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4300000 USD
us-gaap Restructuring Charges
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7000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
11600000 USD
CY2021Q3 us-gaap Restructuring Charges
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1900000 USD
CY2020Q3 us-gaap Restructuring Charges
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4300000 USD
us-gaap Restructuring Charges
RestructuringCharges
7000000.0 USD
us-gaap Restructuring Charges
RestructuringCharges
11600000 USD
CY2020Q4 us-gaap Restructuring Reserve
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6600000 USD
CY2019Q4 us-gaap Restructuring Reserve
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9500000 USD
us-gaap Restructuring And Related Cost Incurred Cost
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4000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
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9700000 USD
us-gaap Payments For Restructuring
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7400000 USD
us-gaap Payments For Restructuring
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11600000 USD
CY2021Q3 us-gaap Restructuring Reserve
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3200000 USD
CY2020Q3 us-gaap Restructuring Reserve
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7600000 USD
CY2021Q3 us-gaap Profit Loss
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74300000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
205900000 USD
us-gaap Profit Loss
ProfitLoss
205900000 USD
us-gaap Profit Loss
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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168200000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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168000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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169900000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1500000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170100000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169900000 shares
CY2021Q3 us-gaap Basic Earnings Per Share Pro Forma
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0.44
CY2020Q3 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
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us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
1.23
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
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CY2021Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.44
CY2020Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-0.82
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
1.21
us-gaap Diluted Earnings Per Share Pro Forma
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4400000 shares
CY2020Q3 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
700000 shares
CY2020Q4 us-gaap Goodwill
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2098200000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
94000000.0 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
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CY2021Q3 us-gaap Goodwill
Goodwill
2187200000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
2187200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1337700000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
448200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
889500000 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
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1610800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
448200000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1162600000 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
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17800000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16100000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
17800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
71200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
71000000.0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
70400000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70400000 USD
CY2021Q3 nvt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
70400000 USD
CY2021Q3 us-gaap Inventory Raw Materials And Supplies
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98300000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
67300000 USD
CY2021Q3 us-gaap Inventory Work In Process
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32900000 USD
CY2020Q4 us-gaap Inventory Work In Process
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24400000 USD
CY2021Q3 us-gaap Inventory Finished Goods
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170200000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
143500000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
301400000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
235200000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45200000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2021Q3 us-gaap Other Prepaid Expense Current
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49000000.0 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
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29800000 USD
CY2021Q3 us-gaap Prepaid Taxes
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17200000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
13400000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Current
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2400000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
4100000 USD
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
113800000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
92900000 USD
CY2021Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
40200000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
41000000.0 USD
CY2021Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
184300000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
185500000 USD
CY2021Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
488100000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
461400000 USD
CY2021Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
24300000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
30300000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
736900000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
718200000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
449300000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428800000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
287600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2021Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20400000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20000000.0 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
81600000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45600000 USD
CY2021Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
19500000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
30300000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13200000 USD
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
151800000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
108600000 USD
CY2021Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
30600000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2021Q3 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
69500000 USD
CY2020Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
40500000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2021Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
22400000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32800000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17400000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14200000 USD
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
70100000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
60300000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
228400000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
188500000 USD
CY2021Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
30500000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31700000 USD
CY2021Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20400000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20000000.0 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
68800000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35700000 USD
CY2021Q3 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
16900000 USD
CY2020Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
22900000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
136600000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
110300000 USD
CY2021Q3 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
7300000 USD
CY2020Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
6900000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3400000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4100000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
976500000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
948000000.0 USD
CY2021Q3 us-gaap Debt Current
DebtCurrent
5000000.0 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
20000000.0 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
971500000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
928000000.0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1300000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5000000.0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
305000000.0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5600000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
155500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
500000000.0 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
979900000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.143
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.429
CY2021Q3 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
0.143
nvt Effective Income Tax Rate Reconciliation Discrete Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationDiscreteTaxBenefitAmount
5200000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
212300000 USD
nvt Effective Income Tax Rate Reconciliation Deduction Impairment Of Goodwill Amount
EffectiveIncomeTaxRateReconciliationDeductionImpairmentOfGoodwillAmount
21600000 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
380000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
900000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
200000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3200000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
300000000 USD
CY2019Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.175
CY2021Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
30600000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
642800000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1793000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1477400000 USD
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
212300000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
212300000 USD
CY2021Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
8200000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
8200000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88900000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-150800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
240200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-66000000.0 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 USD

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