2021 Q4 Form 10-K Financial Statement

#000172063522000009 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $669.0M $2.462B $521.2M
YoY Change 28.36% 23.19% -8.03%
Cost Of Revenue $421.8M $1.520B $324.2M
YoY Change 30.1% 21.69% -6.6%
Gross Profit $247.2M $941.9M $197.0M
YoY Change 25.48% 25.69% -10.29%
Gross Profit Margin 36.95% 38.26% 37.8%
Selling, General & Admin $144.0M $537.9M $106.1M
YoY Change 35.72% 20.34% -10.92%
% of Gross Profit 58.25% 57.11% 53.86%
Research & Development $12.40M $48.60M $10.40M
YoY Change 19.23% 11.72% -13.33%
% of Gross Profit 5.02% 5.16% 5.28%
Depreciation & Amortization $28.70M $40.90M $25.70M
YoY Change 11.67% 6.51% 2.39%
% of Gross Profit 11.61% 4.34% 13.05%
Operating Expenses $156.4M $586.5M $116.5M
YoY Change 34.25% 19.57% -11.14%
Operating Profit $90.80M $355.4M $74.40M
YoY Change 22.04% 825.52% -9.82%
Interest Expense -$7.900M $32.30M -$8.600M
YoY Change -8.14% -11.26% -19.63%
% of Operating Profit -8.7% 9.09% -11.56%
Other Income/Expense, Net $14.60M $12.80M -$9.300M
YoY Change -256.99% 11.3% -67.02%
Pretax Income $80.50M $320.7M $56.50M
YoY Change 42.48% -3475.79% 29.59%
Income Tax $13.50M $47.80M $9.400M
% Of Pretax Income 16.77% 14.9% 16.64%
Net Earnings $67.00M $272.9M $47.10M
YoY Change 42.25% -678.18% 3.52%
Net Earnings / Revenue 10.01% 11.08% 9.04%
Basic Earnings Per Share $1.63 $0.28
Diluted Earnings Per Share $393.4K $1.61 $0.28
COMMON SHARES
Basic Shares Outstanding 166.1M shares 167.9M shares 168.2M shares
Diluted Shares Outstanding 169.7M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.50M $49.50M $122.5M
YoY Change -59.59% -59.59% 15.13%
Cash & Equivalents $49.50M $49.50M $122.5M
Short-Term Investments
Other Short-Term Assets $102.0M $53.10M $92.90M
YoY Change 9.8% 12.26% -18.01%
Inventory $321.9M $321.9M $235.2M
Prepaid Expenses $49.60M $29.80M
Receivables $487.0M $487.0M $359.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $911.5M $911.5M $764.4M
YoY Change 19.24% 19.24% -4.29%
LONG-TERM ASSETS
Property, Plant & Equipment $291.1M $370.2M $289.4M
YoY Change 0.59% 10.51% 1.72%
Goodwill $2.187B $2.098B
YoY Change 4.22% -7.94%
Intangibles $1.144B $1.106B
YoY Change 3.46% -4.74%
Long-Term Investments
YoY Change
Other Assets $141.1M $62.00M $108.6M
YoY Change 29.93% -1.59% -7.57%
Total Long-Term Assets $3.763B $3.763B $3.602B
YoY Change 4.47% 4.47% 1.25%
TOTAL ASSETS
Total Short-Term Assets $911.5M $911.5M $764.4M
Total Long-Term Assets $3.763B $3.763B $3.602B
Total Assets $4.674B $4.674B $4.366B
YoY Change 7.06% 7.06% -5.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $261.0M $261.0M $171.1M
YoY Change 52.54% 52.54% -8.55%
Accrued Expenses $219.5M $219.5M $125.1M
YoY Change 75.46% 75.46% -4.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M $20.00M
YoY Change -75.0% -75.0% 14.29%
Total Short-Term Liabilities $636.3M $636.3M $450.0M
YoY Change 41.4% 41.4% -2.64%
LONG-TERM LIABILITIES
Long-Term Debt $999.2M $994.2M $928.0M
YoY Change 7.67% 7.13% -11.37%
Other Long-Term Liabilities $129.2M $337.3M $110.3M
YoY Change 17.14% -3.13% 17.97%
Total Long-Term Liabilities $1.128B $1.332B $1.038B
YoY Change 8.68% 4.33% -8.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $636.3M $636.3M $450.0M
Total Long-Term Liabilities $1.128B $1.332B $1.038B
Total Liabilities $2.178B $2.178B $1.956B
YoY Change 11.34% 11.34% -4.47%
SHAREHOLDERS EQUITY
Retained Earnings $174.5M $20.70M
YoY Change 743.0% -88.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.496B $2.496B $2.410B
YoY Change
Total Liabilities & Shareholders Equity $4.674B $4.674B $4.366B
YoY Change 7.06% 7.06% -5.91%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $67.00M $272.9M $47.10M
YoY Change 42.25% -678.18% 3.52%
Depreciation, Depletion And Amortization $28.70M $40.90M $25.70M
YoY Change 11.67% 6.51% 2.39%
Cash From Operating Activities $115.2M $373.3M $140.3M
YoY Change -17.89% 8.52% -21.53%
INVESTING ACTIVITIES
Capital Expenditures -$14.30M $39.50M -$14.60M
YoY Change -2.05% -1.25% 48.98%
Acquisitions $235.1M
YoY Change 770.74%
Other Investing Activities $500.0K -$234.5M $500.0K
YoY Change 0.0% 838.0% 150.0%
Cash From Investing Activities -$13.80M -$274.0M -$14.10M
YoY Change -2.13% 321.54% 46.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $111.5M
YoY Change 158.1%
Debt Paid & Issued, Net $318.7M
YoY Change 1721.14%
Cash From Financing Activities -96.10M -$166.8M -172.3M
YoY Change -44.23% -38.79% 54.25%
NET CHANGE
Cash From Operating Activities 115.2M $373.3M 140.3M
Cash From Investing Activities -13.80M -$274.0M -14.10M
Cash From Financing Activities -96.10M -$166.8M -172.3M
Net Change In Cash 5.300M -$73.00M -46.10M
YoY Change -111.5% -553.42% -180.17%
FREE CASH FLOW
Cash From Operating Activities $115.2M $373.3M $140.3M
Capital Expenditures -$14.30M $39.50M -$14.60M
Free Cash Flow $129.5M $333.8M $154.9M
YoY Change -16.4% 9.8% -17.87%

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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-15200000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
220500000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-9500000 USD
CY2020 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
17200000 USD
CY2019 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
36500000 USD
CY2021 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
6500000 USD
CY2020 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
6800000 USD
CY2019 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
5800000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
104200000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-28300000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26600000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74000000.0 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-18300000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-900000 USD
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7600000 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
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
73700000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18600000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7900000 USD
CY2021 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
43600000 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
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
59300000 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
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-4200000 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
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
373300000 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
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39500000 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
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
600000 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
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
235100000 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
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-274000000.0 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
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
72100000 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
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000.0 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
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
318700000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
17500000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14100000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5400000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
15200000 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2021 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
9600000 USD
CY2020 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2019 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117700000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
119000000.0 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
120700000 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
20000000.0 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
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
111500000 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
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-166800000 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
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5500000 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
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-73000000.0 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
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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49500000 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
CY2021 us-gaap Interest Paid Net
InterestPaidNet
43000000.0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47100000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
52300000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61300000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39200000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60800000 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 Net Income Loss
NetIncomeLoss
222700000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9200000 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 Dividends Common Stock
DividendsCommonStock
119400000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
232700000 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 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 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
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
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
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
CY2021 us-gaap Net Income Loss
NetIncomeLoss
272900000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12000000.0 USD
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
119100000 USD
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
116100000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22900000 USD
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2900000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16600000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2496100000 USD
CY2018Q2 nvt Spinoff Transaction Equity Interests Issued Per Ordinary Predecessor Share
SpinoffTransactionEquityInterestsIssuedPerOrdinaryPredecessorShare
1 shares
CY2021 us-gaap Fiscal Period
FiscalPeriod
Fiscal yearOur fiscal year ends on December 31. We report our interim quarterly periods on a calendar quarter basis.
CY2021 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 financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in these consolidated 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, over-time 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>
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
291100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
8200000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2462000000 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 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2462000000 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 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
48900000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2021 nvt Contract With Customer Asset Increase Decrease Amount
ContractWithCustomerAssetIncreaseDecreaseAmount
3300000 USD
CY2021 nvt Contract With Customer Asset Increase Decrease Percent
ContractWithCustomerAssetIncreaseDecreasePercent
0.072
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17800000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2021 nvt Contract With Customer Liability Increase Decrease Amount
ContractWithCustomerLiabilityIncreaseDecreaseAmount
6500000 USD
CY2021 nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
0.575
CY2021Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
31100000 USD
CY2020Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
34300000 USD
CY2021 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-3200000 USD
CY2021 nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
-0.093
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
69400000 USD
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
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13700000 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
CY2021 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-3200000 USD
CY2020 nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
-21400000 USD
CY2021 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
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36100000 USD
CY2021 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
85 Person
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
CY2021 us-gaap Restructuring Charges
RestructuringCharges
8800000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
17700000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
21900000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
8800000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
17700000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
21900000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
6600000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
9500000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4900000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
15000000.0 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
9100000 USD
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
17900000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
2400000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
6600000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
272900000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-47200000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
222700000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167900000 shares
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
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169700000 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
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
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
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2020Q4 us-gaap Goodwill
Goodwill
2098200000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
97100000 USD
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-8600000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
2186700000 USD
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 Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1336200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
465500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
870700000 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
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
273100000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
273100000 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
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1609300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
465500000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1143800000 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
CY2021 us-gaap Adjustment For Amortization
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67500000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
64200000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
61400000 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
8200000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
71100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
70900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
70300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
70300000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
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104500000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
67300000 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
33300000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24400000 USD
CY2021Q4 us-gaap Inventory Finished Goods
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184100000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
143500000 USD
CY2021Q4 us-gaap Inventory Net
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321900000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
235200000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
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48900000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
45600000 USD
CY2021Q4 us-gaap Prepaid Expense Current
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49600000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
29800000 USD
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2200000 USD
CY2020Q4 us-gaap Prepaid Taxes
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13400000 USD
CY2021Q4 nvt Other Current Assets
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1300000 USD
CY2020Q4 nvt Other Current Assets
OtherCurrentAssets
4100000 USD
CY2021Q4 us-gaap Other Assets Current
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102000000.0 USD
CY2020Q4 us-gaap Other Assets Current
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92900000 USD
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
39800000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
41000000.0 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
184500000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
185500000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
488500000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
461400000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
25500000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
30300000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
738300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
718200000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
447200000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428800000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
291100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289400000 USD
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
21400000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
20000000.0 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79100000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45600000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
14600000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2021Q4 nvt Other Long Term Assets
OtherLongTermAssets
26000000.0 USD
CY2020Q4 nvt Other Long Term Assets
OtherLongTermAssets
13200000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
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141100000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
108600000 USD
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
30500000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
29400000 USD
CY2021Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
88200000 USD
CY2020Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
40500000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17800000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11300000 USD
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32400000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32800000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17400000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14200000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
70100000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
60300000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
256400000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
188500000 USD
CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
30300000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31700000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
21400000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
20000000.0 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66500000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35700000 USD
CY2021Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
11000000.0 USD
CY2020Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
22900000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129200000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
110300000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-99800000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-104200000 USD
CY2021Q4 nvt Accumulated Other Comprehensive Income Loss Change In Derivative Market Value Net Of Tax
AccumulatedOtherComprehensiveIncomeLossChangeInDerivativeMarketValueNetOfTax
16600000 USD
CY2020Q4 nvt Accumulated Other Comprehensive Income Loss Change In Derivative Market Value Net Of Tax
AccumulatedOtherComprehensiveIncomeLossChangeInDerivativeMarketValueNetOfTax
9000000.0 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-83200000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-95200000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6300000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4100000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
999200000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
948000000.0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000.0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000.0 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
994200000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
928000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
182300000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
800000000.0 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1005500000 USD
CY2021Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
16700000 USD
CY2020Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
6900000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
200000000 USD
CY2021Q4 us-gaap Aoci Derivative Qualifying As Hedge Excluded Component After Tax
AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax
9600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-23700000 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
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
344400000 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
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
320700000 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
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
66200000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
51800000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
55600000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
66200000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51800000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
55600000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
100000 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
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-18500000 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
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.143
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18400000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14100000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-20900000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47800000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37700000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34700000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.067
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.021
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2021 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
-0.002
CY2020 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
0.012
CY2019 nvt Effective Income Tax Rate Reconciliation Excess Tax Benefits Stock Compensation
EffectiveIncomeTaxRateReconciliationExcessTaxBenefitsStockCompensation
-0.001
CY2021 nvt Effective Income Tax Rate Reconciliation Tax Effectof Us Tax Reform
EffectiveIncomeTaxRateReconciliationTaxEffectofUSTaxReform
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
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.149
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-3.968
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.135
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
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
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
500000 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
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
900000 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
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1100000 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
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1400000 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
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
300000 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
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
500000 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
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 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
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17100000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17000000.0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15600000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14300000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
2100000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
2300000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2900000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3500000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
14600000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
29800000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
210300000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
230100000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
195700000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
200300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
13800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
8500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
36100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
41400000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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15300000 USD
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1
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CY2020 us-gaap Treasury Stock Shares Acquired
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CY2020 us-gaap Stock Repurchased During Period Value
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