$NVT
nVent Electric plc

2022 Q2 Form 10-Q Financial Statement

#000172063522000045 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $727.5M $669.0M $601.3M
YoY Change 20.99% 28.36% 34.46%
Cost Of Revenue $459.7M $421.8M $366.1M
YoY Change 25.57% 30.1% 27.61%
Gross Profit $267.8M $247.2M $235.2M
YoY Change 13.86% 25.48% 46.72%
Gross Profit Margin 36.81% 36.95% 39.12%
Selling, General & Admin $148.5M $144.0M $135.2M
YoY Change 9.84% 35.72% 29.63%
% of Gross Profit 55.45% 58.25% 57.48%
Research & Development $14.60M $12.40M $11.70M
YoY Change 24.79% 19.23% 9.35%
% of Gross Profit 5.45% 5.02% 4.97%
Depreciation & Amortization $28.60M $28.70M $26.30M
YoY Change 8.75% 11.67% 3.54%
% of Gross Profit 10.68% 11.61% 11.18%
Operating Expenses $163.1M $156.4M $146.9M
YoY Change 11.03% 34.25% 27.74%
Operating Profit $104.7M $90.80M $88.30M
YoY Change 18.57% 22.04% 94.92%
Interest Expense -$7.500M -$7.900M -$8.100M
YoY Change -7.41% -8.14% -13.83%
% of Operating Profit -7.16% -8.7% -9.17%
Other Income/Expense, Net -$1.200M $14.60M -$600.0K
YoY Change 100.0% -256.99% -14.29%
Pretax Income $96.00M $80.50M $79.60M
YoY Change 20.6% 42.48% 126.14%
Income Tax $16.10M $13.50M $13.40M
% Of Pretax Income 16.77% 16.77% 16.83%
Net Earnings $79.90M $67.00M $66.20M
YoY Change 20.69% 42.25% 156.59%
Net Earnings / Revenue 10.98% 10.01% 11.01%
Basic Earnings Per Share
Diluted Earnings Per Share $475.0K $393.4K $390.3K
COMMON SHARES
Basic Shares Outstanding 166.4M shares 166.1M shares 167.9M shares
Diluted Shares Outstanding 168.2M shares 169.6M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.80M $49.50M $101.8M
YoY Change -45.19% -59.59% -56.68%
Cash & Equivalents $55.80M $49.50M $101.8M
Short-Term Investments
Other Short-Term Assets $155.6M $102.0M $116.0M
YoY Change 34.14% 9.8% 15.54%
Inventory $375.4M $321.9M $275.4M
Prepaid Expenses $49.60M
Receivables $538.9M $487.0M $456.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.068B $911.5M $902.5M
YoY Change 18.37% 19.24% 2.2%
LONG-TERM ASSETS
Property, Plant & Equipment $279.2M $291.1M $291.6M
YoY Change -4.25% 0.59% 5.35%
Goodwill $2.179B $2.187B $2.193B
YoY Change -0.67% 4.22% -4.53%
Intangibles $1.104B $1.144B $1.179B
YoY Change -6.38% 3.46% 3.46%
Long-Term Investments
YoY Change
Other Assets $135.7M $141.1M $143.4M
YoY Change -5.37% 29.93% 24.05%
Total Long-Term Assets $3.697B $3.763B $3.807B
YoY Change -2.89% 4.47% 7.17%
TOTAL ASSETS
Total Short-Term Assets $1.068B $911.5M $902.5M
Total Long-Term Assets $3.697B $3.763B $3.807B
Total Assets $4.766B $4.674B $4.710B
YoY Change 1.18% 7.06% -0.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $279.9M $261.0M $219.1M
YoY Change 27.75% 52.54% 62.42%
Accrued Expenses $174.6M $219.5M $168.6M
YoY Change 3.56% 75.46% 56.98%
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% 0.0%
Total Short-Term Liabilities $612.1M $636.3M $535.8M
YoY Change 14.24% 41.4% 38.74%
LONG-TERM LIABILITIES
Long-Term Debt $1.048B $999.2M $1.104B
YoY Change -5.05% 7.67% -8.59%
Other Long-Term Liabilities $119.4M $129.2M $134.2M
YoY Change -11.03% 17.14% 40.38%
Total Long-Term Liabilities $1.168B $1.128B $1.238B
YoY Change -5.69% 8.68% -5.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $612.1M $636.3M $535.8M
Total Long-Term Liabilities $1.168B $1.128B $1.238B
Total Liabilities $2.180B $2.178B $2.217B
YoY Change -1.69% 11.34% 3.88%
SHAREHOLDERS EQUITY
Retained Earnings $263.9M $174.5M $92.30M
YoY Change 185.92% 743.0% -46.18%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.586B $2.496B $2.493B
YoY Change
Total Liabilities & Shareholders Equity $4.766B $4.674B $4.710B
YoY Change 1.18% 7.06% -0.06%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $79.90M $67.00M $66.20M
YoY Change 20.69% 42.25% 156.59%
Depreciation, Depletion And Amortization $28.60M $28.70M $26.30M
YoY Change 8.75% 11.67% 3.54%
Cash From Operating Activities $57.40M $115.2M $93.40M
YoY Change -38.54% -17.89% 11.46%
INVESTING ACTIVITIES
Capital Expenditures -$9.700M -$14.30M -$8.000M
YoY Change 21.25% -2.05% 14.29%
Acquisitions
YoY Change
Other Investing Activities -$8.500M $500.0K -$228.7M
YoY Change -96.28% 0.0% -76333.33%
Cash From Investing Activities -$18.20M -$13.80M -$236.7M
YoY Change -92.31% -2.13% 3432.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.60M -96.10M 138.5M
YoY Change -118.48% -44.23% -509.76%
NET CHANGE
Cash From Operating Activities 57.40M 115.2M 93.40M
Cash From Investing Activities -18.20M -13.80M -236.7M
Cash From Financing Activities -25.60M -96.10M 138.5M
Net Change In Cash 13.60M 5.300M -4.800M
YoY Change -383.33% -111.5% -111.09%
FREE CASH FLOW
Cash From Operating Activities $57.40M $115.2M $93.40M
Capital Expenditures -$9.700M -$14.30M -$8.000M
Free Cash Flow $67.10M $129.5M $101.4M
YoY Change -33.83% -16.4% 11.67%

Facts In Submission

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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Accounts Receivable
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53000000.0 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
61100000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
20500000 usd
us-gaap Increase Decrease In Other Current Assets
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34300000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
21200000 usd
us-gaap Increase Decrease In Accounts Payable
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28600000 usd
us-gaap Increase Decrease In Accounts Payable
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33100000 usd
us-gaap Increase Decrease In Other Employee Related Liabilities
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us-gaap Increase Decrease In Other Employee Related Liabilities
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23500000 usd
us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
6700000 usd
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63900000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20800000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000.0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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8600000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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232600000 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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51200000 usd
nvt Net Receipts Of Revolving Long Term Debt
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us-gaap Repayments Of Long Term Debt
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2700000 usd
us-gaap Repayments Of Long Term Debt
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10000000.0 usd
us-gaap Payments Of Dividends Common Stock
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58400000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58800000 usd
nvt Shares Issued Net Of Tax Withholding Share Based Payment Arrangement
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nvt Shares Issued Net Of Tax Withholding Share Based Payment Arrangement
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9500000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8500000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000.0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
86100000 usd
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
300000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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6300000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20700000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55800000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101800000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2496100000 usd
CY2022Q1 us-gaap Profit Loss
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67800000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 us-gaap Dividends Common Stock
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29000000.0 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3900000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1400000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
0 shares
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4400000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6600000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2533900000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
79900000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
29300000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2000000.0 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
300000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5300000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2586000000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2409800000 usd
CY2021Q1 us-gaap Profit Loss
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65400000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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22300000 usd
CY2021Q1 us-gaap Dividends Common Stock
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29400000 usd
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000.0 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4100000 usd
CY2021Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
0 shares
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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2000000.0 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2450000000 usd
CY2021Q2 us-gaap Profit Loss
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66200000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Dividends Common Stock
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30600000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7500000 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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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
us-gaap Number Of Reportable Segments
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
727500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1422200000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150200000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1422200000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1150200000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
57400000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
48900000 usd
nvt Contract With Customer Asset Increase Decrease Amount
ContractWithCustomerAssetIncreaseDecreaseAmount
8500000 usd
nvt Contract With Customer Asset Increase Decrease Percent
ContractWithCustomerAssetIncreaseDecreasePercent
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CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20600000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17800000 usd
nvt Contract With Customer Liability Increase Decrease Amount
ContractWithCustomerLiabilityIncreaseDecreaseAmount
2800000 usd
nvt Contract With Customer Liability Increase Decrease Percent
ContractWithCustomerLiabilityIncreaseDecreasePercent
0.157
CY2022Q2 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
36800000 usd
CY2021Q4 nvt Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
31100000 usd
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
5700000 usd
nvt Contract With Customer Asset Liability Net Increase Decrease Percent
ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent
0.183
nvt Contract With Customer Asset Liability Net Increase Decrease Amount
ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount
5700000 usd
us-gaap Capitalized Contract Cost Impairment Loss
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CY2022Q2 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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40300000 usd
CY2022Q2 us-gaap Restructuring Charges
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CY2021Q2 us-gaap Restructuring Charges
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4300000 usd
us-gaap Restructuring Charges
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4300000 usd
us-gaap Restructuring Charges
RestructuringCharges
5100000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
2300000 usd
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
4300000 usd
us-gaap Restructuring Charges
RestructuringCharges
4300000 usd
us-gaap Restructuring Charges
RestructuringCharges
5100000 usd
CY2021Q4 us-gaap Restructuring Reserve
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2400000 usd
CY2020Q4 us-gaap Restructuring Reserve
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6600000 usd
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
3700000 usd
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2700000 usd
us-gaap Payments For Restructuring
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3800000 usd
us-gaap Payments For Restructuring
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5400000 usd
CY2022Q2 us-gaap Restructuring Reserve
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2300000 usd
CY2021Q2 us-gaap Restructuring Reserve
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3900000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
79900000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
66200000 usd
us-gaap Profit Loss
ProfitLoss
147700000 usd
us-gaap Profit Loss
ProfitLoss
147700000 usd
us-gaap Profit Loss
ProfitLoss
131600000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166400000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167800000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
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
1400000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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168200000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169200000 shares
CY2022Q2 us-gaap Basic Earnings Per Share Pro Forma
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CY2021Q2 us-gaap Basic Earnings Per Share Pro Forma
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us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
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us-gaap Basic Earnings Per Share Pro Forma
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CY2022Q2 us-gaap Diluted Earnings Per Share Pro Forma
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CY2021Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
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us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.88
us-gaap Diluted Earnings Per Share Pro Forma
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
500200000 usd
CY2021Q4 us-gaap Goodwill
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us-gaap Goodwill Purchase Accounting Adjustments
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CY2022Q2 us-gaap Goodwill
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CY2022Q2 us-gaap Goodwill
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2178600000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
465500000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1604000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
500200000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
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1103800000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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1609300000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
465500000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1143800000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
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17700000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31900000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
35400000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
70500000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
69900000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
69900000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
69900000 usd
CY2022Q2 nvt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
69900000 usd
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
127500000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
104500000 usd
CY2022Q2 us-gaap Inventory Work In Process
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37600000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
33300000 usd
CY2022Q2 us-gaap Inventory Finished Goods
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210300000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
184100000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
375400000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
321900000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
57400000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
48900000 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
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62200000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
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49600000 usd
CY2022Q2 us-gaap Prepaid Taxes
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11200000 usd
CY2021Q4 us-gaap Prepaid Taxes
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2200000 usd
CY2022Q2 us-gaap Hedging Assets Current
HedgingAssetsCurrent
22100000 usd
CY2021Q4 us-gaap Hedging Assets Current
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CY2022Q2 us-gaap Other Assets Miscellaneous Current
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2700000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
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1300000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
155600000 usd
CY2021Q4 us-gaap Other Assets Current
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102000000.0 usd
CY2022Q2 us-gaap Land And Land Improvements
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38100000 usd
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
39800000 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
178600000 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
184500000 usd
CY2022Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
495300000 usd
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
488500000 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
21200000 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
25500000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
733200000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
738300000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
454000000.0 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
447200000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
279200000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
291100000 usd
CY2022Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
16400000 usd
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
21400000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74700000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79100000 usd
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
13800000 usd
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
14600000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
30800000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
26000000.0 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135700000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
141100000 usd
CY2022Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
30200000 usd
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
30500000 usd
CY2022Q2 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
68000000.0 usd
CY2021Q4 us-gaap Accrued Exchange Fee Rebate Current And Noncurrent
AccruedExchangeFeeRebateCurrentAndNoncurrent
88200000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20600000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17800000 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32500000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
32400000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16800000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17400000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
69300000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
70100000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
237400000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
256400000 usd
CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
29800000 usd
CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
30300000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
16400000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
21400000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
62800000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66500000 usd
CY2022Q2 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
10400000 usd
CY2021Q4 nvt Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
11000000.0 usd
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
119400000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129200000 usd
CY2022Q2 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
16300000 usd
CY2021Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
16700000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6000000.0 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6300000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1048200000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
999200000 usd
CY2022Q2 us-gaap Debt Current
DebtCurrent
5000000.0 usd
CY2021Q4 us-gaap Debt Current
DebtCurrent
5000000.0 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1043200000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
994200000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2500000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5000000.0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5600000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7500000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
233600000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
800000000.0 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1054200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.172
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.130
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13400000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15600000 usd
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
380000000 usd
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3900000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
900000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000 usd
CY2022Q2 nvt Shares Repurchased But Not Yet Paid
SharesRepurchasedButNotYetPaid
0 usd
CY2021Q4 nvt Shares Repurchased But Not Yet Paid
SharesRepurchasedButNotYetPaid
4600000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
200000000 usd
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.175
CY2022Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
30200000 usd
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
30500000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
727500000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
601300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1422200000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1150200000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
96000000.0 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
79600000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
178300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
151300000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 usd

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