$OC
Owens Corning

2022 Q1 Form 10-Q Financial Statement

#000137094622000022 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $2.346B $2.131B $1.915B
YoY Change 22.51% 10.7% 19.61%
Cost Of Revenue $1.727B $1.566B $1.471B
YoY Change 17.4% 10.36% 13.59%
Gross Profit $619.0M $565.0M $444.0M
YoY Change 39.41% 11.66% 45.1%
Gross Profit Margin 26.39% 26.51% 23.19%
Selling, General & Admin $184.0M $208.0M $174.0M
YoY Change 5.75% 21.64% -2.79%
% of Gross Profit 29.73% 36.81% 39.19%
Research & Development $23.00M $28.00M $20.00M
YoY Change 15.0% 21.74% -4.76%
% of Gross Profit 3.72% 4.96% 4.5%
Depreciation & Amortization $132.0M $132.0M $119.0M
YoY Change 10.92% -6.38% 2.59%
% of Gross Profit 21.32% 23.36% 26.8%
Operating Expenses $179.0M $230.0M $146.0M
YoY Change 22.6% 13.3% -87.59%
Operating Profit $440.0M $335.0M $298.0M
YoY Change 47.65% 10.56% -134.25%
Interest Expense $28.00M -$29.00M $33.00M
YoY Change -15.15% -14.71% 22.22%
% of Operating Profit 6.36% -8.66% 11.07%
Other Income/Expense, Net $2.000M $2.000M $3.000M
YoY Change -33.33% -33.33% -25.0%
Pretax Income $414.0M $296.0M $268.0M
YoY Change 54.48% 22.82% -130.01%
Income Tax $107.0M $69.00M $59.00M
% Of Pretax Income 25.85% 23.31% 22.01%
Net Earnings $304.0M $227.0M $210.0M
YoY Change 44.76% -2.16% -122.9%
Net Earnings / Revenue 12.96% 10.65% 10.97%
Basic Earnings Per Share $3.06 $1.99
Diluted Earnings Per Share $3.03 $2.234M $1.98
COMMON SHARES
Basic Shares Outstanding 99.50M shares 100.5M shares 105.4M shares
Diluted Shares Outstanding 100.2M shares 106.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $748.0M $959.0M $605.0M
YoY Change 23.64% 33.75% 158.55%
Cash & Equivalents $748.0M $959.0M $605.0M
Short-Term Investments
Other Short-Term Assets $141.0M $121.0M $112.0M
YoY Change 25.89% 5.22% 6.67%
Inventory $1.147B $1.078B $854.0M
Prepaid Expenses
Receivables $1.395B $939.0M $1.167B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.431B $3.097B $2.738B
YoY Change 25.31% 18.84% 17.41%
LONG-TERM ASSETS
Property, Plant & Equipment $3.825B $3.873B $3.758B
YoY Change 1.78% 1.68% 0.29%
Goodwill $983.0M $990.0M $980.0M
YoY Change 0.31% 0.1% 2.19%
Intangibles $1.606B $1.617B $1.647B
YoY Change -2.49% -3.0% -0.48%
Long-Term Investments
YoY Change
Other Assets $259.0M $249.0M $264.0M
YoY Change -1.89% 9.21% 11.39%
Total Long-Term Assets $6.885B $6.918B $6.822B
YoY Change 0.92% 0.63% 0.04%
TOTAL ASSETS
Total Short-Term Assets $3.431B $3.097B $2.738B
Total Long-Term Assets $6.885B $6.918B $6.822B
Total Assets $10.32B $10.02B $9.560B
YoY Change 7.91% 5.63% 4.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.328B $1.095B
YoY Change 25.14%
Accrued Expenses $52.00M $49.00M $52.00M
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $6.000M $1.000M
YoY Change 0.0% 500.0% -88.89%
Long-Term Debt Due $26.00M $25.00M $23.00M
YoY Change 13.04% 31.58% -85.71%
Total Short-Term Liabilities $1.999B $1.697B $1.467B
YoY Change 36.26% 17.85% 2.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.959B $2.960B $3.145B
YoY Change -5.91% -5.31% -2.12%
Other Long-Term Liabilities $258.0M $304.0M $226.0M
YoY Change 14.16% 42.72% 15.9%
Total Long-Term Liabilities $3.217B $3.264B $3.371B
YoY Change -4.57% -2.25% -1.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.999B $1.697B $1.467B
Total Long-Term Liabilities $3.217B $3.264B $3.371B
Total Liabilities $5.216B $5.680B $4.838B
YoY Change 7.81% 18.85% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings $2.974B $2.706B $2.011B
YoY Change 47.89% 47.95% 46.15%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.144B $1.922B $1.520B
YoY Change 41.05% 37.29% 25.62%
Treasury Stock Shares 37.40M shares 35.10M shares 26.90M shares
Shareholders Equity $4.341B $4.296B $3.928B
YoY Change
Total Liabilities & Shareholders Equity $10.32B $10.02B $9.560B
YoY Change 7.91% 5.63% 4.47%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $304.0M $227.0M $210.0M
YoY Change 44.76% -2.16% -122.9%
Depreciation, Depletion And Amortization $132.0M $132.0M $119.0M
YoY Change 10.92% -6.38% 2.59%
Cash From Operating Activities $158.0M $335.0M $204.0M
YoY Change -22.55% -19.86% -492.31%
INVESTING ACTIVITIES
Capital Expenditures -$107.0M -$173.0M -$84.00M
YoY Change 27.38% 66.35% -8.7%
Acquisitions
YoY Change
Other Investing Activities $2.000M $38.00M $2.000M
YoY Change 0.0% 1166.67%
Cash From Investing Activities -$88.00M -$135.0M -$121.0M
YoY Change -27.27% 33.66% 98.36%
FINANCING ACTIVITIES
Cash Dividend Paid $35.00M $55.00M
YoY Change -36.36% 111.54%
Common Stock Issuance & Retirement, Net $229.0M $142.0M
YoY Change 61.27% 47.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$285.0M -165.0M -$194.0M
YoY Change 46.91% -34.52% -191.08%
NET CHANGE
Cash From Operating Activities $158.0M 335.0M $204.0M
Cash From Investing Activities -$88.00M -135.0M -$121.0M
Cash From Financing Activities -$285.0M -165.0M -$194.0M
Net Change In Cash -$211.0M 35.00M -$112.0M
YoY Change 88.39% -46.15% -280.65%
FREE CASH FLOW
Cash From Operating Activities $158.0M $335.0M $204.0M
Capital Expenditures -$107.0M -$173.0M -$84.00M
Free Cash Flow $265.0M $508.0M $288.0M
YoY Change -7.99% -2.68% 620.0%

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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2022Q1 us-gaap Treasury Stock Shares
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CY2021Q4 us-gaap Treasury Stock Shares
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CY2022Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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24000000 USD
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CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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CY2021Q1 oc Other Comprehensive Income Loss Derivative Qualified As Hedges Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 oc Dividends Declared
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
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CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
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CY2022Q1 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
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CY2021Q1 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
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CY2022Q1 us-gaap Share Based Compensation
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CY2021Q1 us-gaap Share Based Compensation
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CY2021Q1 oc Gains On Sale Of Certain Precious Metals
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CY2021Q1 oc Increase Decrease In Other Operating Capital
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CY2022Q1 us-gaap Pension Contributions
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CY2021Q1 us-gaap Pension Contributions
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CY2021Q1 us-gaap Other Postretirement Benefits Payments
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CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2021Q1 us-gaap Payments To Acquire Productive Assets
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CY2022Q1 oc Proceeds From Sale Of Assets Or Affiliates
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CY2021Q1 oc Proceeds From Sale Of Assets Or Affiliates
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CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Payments To Minority Shareholders
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CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2022Q1 us-gaap Payments Of Dividends
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CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2022Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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CY2021Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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CY2022Q1 us-gaap Due To Related Parties Current And Noncurrent
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CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
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CY2022Q1 oc Lessee Operating Lease Lease Not Yet Commenced Amount
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CY2022Q1 us-gaap Number Of Reportable Segments
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CY2022Q1 us-gaap Number Of Reportable Segments
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 oc Restructuring Cost
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CY2021Q1 oc Restructuring Cost
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CY2022Q1 oc Gain On Sale Of Shanghai China Facility
GainOnSaleOfShanghaiChinaFacility
27000000 USD
CY2021Q1 oc Gain On Sale Of Shanghai China Facility
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CY2022Q1 oc Gain On Sale Of Precious Metals
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CY2021Q1 oc Gain On Sale Of Precious Metals
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CY2022Q1 oc General Corporate Expense
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CY2021Q1 oc General Corporate Expense
GeneralCorporateExpense
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CY2022Q1 oc Earnings Before Interest And Taxes
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CY2021Q1 oc Earnings Before Interest And Taxes
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CY2021Q4 us-gaap Inventory Finished Goods
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CY2022Q1 us-gaap Inventory Raw Materials And Supplies
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies
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CY2021Q4 us-gaap Inventory Net
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CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
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CY2022Q1 us-gaap Goodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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43000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022Q1 oc Precious Metals Depletion Percentage
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CY2021Q4 oc Precious Metals Depletion Percentage
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CY2022Q1 oc Preciousmetalpercentofdeprecationexpense
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CY2021Q1 us-gaap Property Plant And Equipment Gross Period Increase Decrease
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20000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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81000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2022Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5000000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2022Q1 us-gaap Product Warranty Accrual
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CY2021Q1 us-gaap Product Warranty Accrual
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CY2022Q1 us-gaap Restructuring Costs
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CY2021Q1 us-gaap Restructuring Costs
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CY2022Q1 oc Fair Value Adjustment To Debt
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CY2021Q4 oc Fair Value Adjustment To Debt
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CY2022Q1 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q1 us-gaap Long Term Debt Current
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CY2022Q1 oc Notes Payable Fair Value Disclosure Par Value
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CY2021Q4 oc Notes Payable Fair Value Disclosure Par Value
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CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2022Q1 us-gaap Short Term Borrowings
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CY2021Q4 us-gaap Short Term Borrowings
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CY2022Q1 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2022Q1 us-gaap Defined Benefit Plan Contributions By Employer
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CY2022Q1 oc Environmental Liability Sites
EnvironmentalLiabilitySites
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CY2022Q1 us-gaap Environmental Exit Costs Costs Accrued To Date
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CY2022Q1 oc Environmental Exit Costs Costs Accruedto Date Current
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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12000000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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0 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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55900 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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39.34
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P1Y8M15D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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3000000 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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4800 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
41.03
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
51100 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.19
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P1Y6M3D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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3000000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
51100 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.19
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y6M3D
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3000000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
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0.85
CY2022Q1 us-gaap Net Income Loss
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304000000 USD
CY2021Q1 us-gaap Net Income Loss
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210000000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105400000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
700000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
500000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
100000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100200000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106000000.0 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.06
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.03
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.98
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10900000 shares
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-581000000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-620000000 USD

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