$ON
ON Semiconductor Corp

2021 Q2 Form 10-Q Financial Statement

#000162828021008547 Filed on May 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.482B $1.278B
YoY Change 15.95% -5.18%
Cost Of Revenue $960.5M $875.2M
YoY Change 9.75% 3.12%
Gross Profit $521.2M $402.7M
YoY Change 29.43% -19.3%
Gross Profit Margin 35.18% 31.51%
Selling, General & Admin $151.3M $148.0M
YoY Change 2.23% 0.2%
% of Gross Profit 29.03% 36.75%
Research & Development $173.6M $171.0M
YoY Change 1.52% 16.33%
% of Gross Profit 33.31% 42.46%
Depreciation & Amortization $153.4M $161.2M
YoY Change -4.84% 11.94%
% of Gross Profit 29.43% 40.03%
Operating Expenses $395.3M $384.1M
YoY Change 2.92% 12.74%
Operating Profit $125.9M $18.60M
YoY Change 576.88% -88.25%
Interest Expense $33.40M $42.50M
YoY Change -21.41% 26.11%
% of Operating Profit 26.53% 228.49%
Other Income/Expense, Net -$28.50M -$40.50M
YoY Change -29.63% 26.17%
Pretax Income $97.40M -$21.90M
YoY Change -544.75% -117.35%
Income Tax $7.100M -$8.200M
% Of Pretax Income 7.29%
Net Earnings $89.90M -$14.00M
YoY Change -742.14% -113.75%
Net Earnings / Revenue 6.07% -1.1%
Basic Earnings Per Share $0.22 -$0.03
Diluted Earnings Per Share $0.20 -$0.03
COMMON SHARES
Basic Shares Outstanding 413.4M shares 410.6M shares
Diluted Shares Outstanding 445.4M shares 410.6M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.043B $1.982B
YoY Change -47.4% 123.9%
Cash & Equivalents $1.043B $1.982B
Short-Term Investments
Other Short-Term Assets $166.0M $146.4M
YoY Change 13.39% -23.75%
Inventory $1.296B $1.252B
Prepaid Expenses
Receivables $683.6M $652.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.188B $4.032B
YoY Change -20.95% 31.59%
LONG-TERM ASSETS
Property, Plant & Equipment $2.489B $2.580B
YoY Change -3.51% -1.53%
Goodwill $1.663B $1.663B
YoY Change 0.0% 7.14%
Intangibles $441.1M $558.2M
YoY Change -20.98% -28.25%
Long-Term Investments
YoY Change
Other Assets $401.7M $256.0M
YoY Change 56.91% -4.41%
Total Long-Term Assets $5.443B $5.389B
YoY Change 1.01% -1.31%
TOTAL ASSETS
Total Short-Term Assets $3.188B $4.032B
Total Long-Term Assets $5.443B $5.389B
Total Assets $8.630B $9.421B
YoY Change -8.39% 10.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $605.0M $503.9M
YoY Change 20.06% -7.18%
Accrued Expenses $588.3M $542.6M
YoY Change 8.42% -12.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $536.7M $689.6M
YoY Change -22.17% 552.41%
Total Short-Term Liabilities $1.730B $1.736B
YoY Change -0.35% 37.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.807B $4.043B
YoY Change -30.57% 13.86%
Other Long-Term Liabilities $390.0M $343.3M
YoY Change 13.6% -1.94%
Total Long-Term Liabilities $3.197B $4.386B
YoY Change -27.12% 12.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.730B $1.736B
Total Long-Term Liabilities $3.197B $4.386B
Total Liabilities $4.981B $6.183B
YoY Change -19.45% 18.3%
SHAREHOLDERS EQUITY
Retained Earnings $1.515B $1.177B
YoY Change 28.72% -1.52%
Common Stock $5.800M $5.700M
YoY Change 1.75% 1.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.997B $1.732B
YoY Change 15.29% 6.19%
Treasury Stock Shares 159.7M shares 158.8M shares
Shareholders Equity $3.630B $3.215B
YoY Change
Total Liabilities & Shareholders Equity $8.630B $9.421B
YoY Change -8.39% 10.51%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $89.90M -$14.00M
YoY Change -742.14% -113.75%
Depreciation, Depletion And Amortization $153.4M $161.2M
YoY Change -4.84% 11.94%
Cash From Operating Activities $218.5M $166.0M
YoY Change 31.63% -25.43%
INVESTING ACTIVITIES
Capital Expenditures $77.00M $132.3M
YoY Change -41.8% -152.19%
Acquisitions
YoY Change
Other Investing Activities -$200.0K $23.70M
YoY Change -100.84% -102.79%
Cash From Investing Activities -$77.20M -$108.6M
YoY Change -28.91% -90.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $65.40M
YoY Change -100.0%
Debt Paid & Issued, Net $154.1M $56.00M
YoY Change 175.18%
Cash From Financing Activities -$178.1M $1.030B
YoY Change -117.29% 25.12%
NET CHANGE
Cash From Operating Activities $218.5M $166.0M
Cash From Investing Activities -$77.20M -$108.6M
Cash From Financing Activities -$178.1M $1.030B
Net Change In Cash -$37.60M $1.088B
YoY Change -103.46% -1965.87%
FREE CASH FLOW
Cash From Operating Activities $218.5M $166.0M
Capital Expenditures $77.00M $132.3M
Free Cash Flow $141.5M $33.70M
YoY Change 319.88% -92.92%

Facts In Submission

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CY2021Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2400000 USD
CY2020Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3000000.0 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
22300000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
15700000 USD
CY2021Q2 on Interest Noncash
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4600000 USD
CY2020Q2 on Interest Noncash
InterestNoncash
9500000 USD
CY2021Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6100000 USD
CY2020Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1400000 USD
CY2021Q2 on Reversalof Income Tax Valuation Allowance
ReversalofIncomeTaxValuationAllowance
23200000 USD
CY2020Q2 on Reversalof Income Tax Valuation Allowance
ReversalofIncomeTaxValuationAllowance
19000000.0 USD
CY2021Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000.0 USD
CY2020Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
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9900000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable
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-52700000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
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42000000.0 USD
CY2020Q2 us-gaap Increase Decrease In Inventories
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19500000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-9900000 USD
CY2020Q2 us-gaap Increase Decrease In Other Operating Assets
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-5900000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
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8900000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Payable
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-12400000 USD
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities
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12800000 USD
CY2020Q2 us-gaap Increase Decrease In Accrued Liabilities
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-17600000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-15400000 USD
CY2020Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1400000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
218500000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
166000000.0 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
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77000000.0 USD
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
132300000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
200000 USD
CY2020Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q2 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
400000 USD
CY2020Q2 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-2200000 USD
CY2021Q2 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
0 USD
CY2020Q2 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
4500000 USD
CY2021Q2 us-gaap Proceeds From Previous Acquisition
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0 USD
CY2020Q2 us-gaap Proceeds From Previous Acquisition
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26000000.0 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-77200000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-108600000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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6600000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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7500000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28500000 USD
CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16000000.0 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
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65400000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Debt
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0 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Debt
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1165000000.0 USD
CY2021Q2 us-gaap Repayments Of Long Term Debt
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154100000 USD
CY2020Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
56000000.0 USD
CY2021Q2 on Payments Related To Acquisition
PaymentsRelatedToAcquisition
2100000 USD
CY2020Q2 on Payments Related To Acquisition
PaymentsRelatedToAcquisition
4900000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178100000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1030200000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-800000 USD
CY2021Q2 us-gaap Number Of Reportable Segments
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3 segment
CY2020Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37600000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1087800000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1081500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
894200000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1043900000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1982000000.0 USD
CY2021Q2 us-gaap Fiscal Period Duration
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P92D
CY2020Q2 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P94D
CY2021Q2 us-gaap Number Of Operating Segments
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3 segment
CY2021Q2 us-gaap Number Of Reportable Segments
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3 segment
CY2021Q2 us-gaap Use Of Estimates
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<div style="text-align:justify"><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 style="text-indent:27pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Management evaluates these estimates and judgments on an ongoing basis and bases its estimates on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. Significant estimates have been used by management in conjunction with the following: (i) future payouts for customer incentives and amounts subject to allowances and returns; (ii) valuation and obsolescence relating to inventories; (iii) variable and share-based compensation; and (iv) measurement of valuation allowances against deferred tax assets and evaluations of uncertain tax positions. Additionally, during periods where it becomes applicable, significant estimates will be used by management in determining the future cash flows used to assess and test for impairment of long-lived assets and goodwill and in assumptions used in connection with business combinations. Actual results may differ from the estimates and assumptions used in the consolidated financial statements.</span></div>
CY2021Q2 us-gaap Number Of Operating Segments
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3 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1481700000 USD
CY2021Q2 on Segment Reporting Information Gross Profit
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521200000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1277900000 USD
CY2020Q2 on Segment Reporting Information Gross Profit
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402700000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1481700000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1481700000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1277900000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1277900000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
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2489400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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2512300000 USD
CY2021Q2 us-gaap Restructuring Costs
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33000000.0 USD
CY2021Q2 us-gaap Asset Impairment Charges
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3200000 USD
CY2021Q2 us-gaap Other Restructuring Costs
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6300000 USD
CY2021Q2 us-gaap Restructuring Costs And Asset Impairment Charges
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42500000 USD
CY2020Q4 us-gaap Restructuring Reserve
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6200000 USD
CY2021Q2 us-gaap Restructuring Charges
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33000000.0 USD
CY2021Q2 us-gaap Payments For Restructuring
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11400000 USD
CY2021Q2 us-gaap Restructuring Reserve
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27800000 USD
CY2021Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2020 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021Q2 us-gaap Inventory Raw Materials
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139000000.0 USD
CY2020Q4 us-gaap Inventory Raw Materials
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135700000 USD
CY2021Q2 us-gaap Inventory Work In Process
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834400000 USD
CY2020Q4 us-gaap Inventory Work In Process
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829700000 USD
CY2021Q2 us-gaap Inventory Finished Goods
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322100000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
286000000.0 USD
CY2021Q2 us-gaap Inventory Net
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1295500000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1251400000 USD
CY2021Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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8500000 USD
CY2021Q2 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
147900000 USD
CY2021Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
400000 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
141900000 USD
CY2020Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
300000 USD
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
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3100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2700000 USD
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1100000 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1700000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1500000 USD
CY2021Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1900000 USD
CY2020Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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2300000 USD
CY2021Q2 us-gaap Operating Lease Cost
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9900000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9100000 USD
CY2021Q2 us-gaap Variable Lease Cost
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1000000.0 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1100000 USD
CY2021Q2 us-gaap Short Term Lease Cost
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700000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1100000 USD
CY2021Q2 us-gaap Lease Cost
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11600000 USD
CY2020Q2 us-gaap Lease Cost
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11300000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32900000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32200000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
108800000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
115700000 USD
CY2021Q2 us-gaap Operating Lease Liability
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141700000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
147900000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
133800000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
136300000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
180900000 USD
CY2020Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
123500000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7100000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8800000 USD
CY2021Q2 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 USD
CY2020Q2 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
7700000 USD
CY2021Q2 us-gaap Interest Paid Net
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31400000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
24500000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20900000 USD
CY2020Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9900000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
10300000 USD
CY2020Q2 us-gaap Operating Lease Payments
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8200000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1042500000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1080700000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1982000000.0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
894200000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1400000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
800000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1043900000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1081500000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1982000000.0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
894200000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3435400000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3589500000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
64700000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
69700000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
27100000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28500000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3343600000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3491300000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
536700000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
531600000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2806900000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2959700000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
587300000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
16300000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16300000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
566400000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16300000 USD
CY2021Q2 on Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
2232800000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
3435400000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
89900000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-14000000.0 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
410600000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
29300000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
445400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
410600000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2600000 shares
CY2021Q2 on Treasury Stock Fees Commissions And Other Expenses
TreasuryStockFeesCommissionsAndOtherExpenses
0 USD
CY2020Q2 on Treasury Stock Fees Commissions And Other Expenses
TreasuryStockFeesCommissionsAndOtherExpenses
100000 USD
CY2021Q2 on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
0 USD
CY2020Q2 on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
65400000 USD
CY2021Q2 on Treasury Stock Shares Reissued Or Retired During Period
TreasuryStockSharesReissuedOrRetiredDuringPeriod
0 shares
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28500000 USD
CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16000000.0 USD
CY2021Q2 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
700000 shares
CY2020Q2 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
900000 shares
CY2021Q2 on Treasury Stock Shares Reissued Or Retired During Period
TreasuryStockSharesReissuedOrRetiredDuringPeriod
0 shares
CY2020Q4 us-gaap Minority Interest
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19600000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
400000 USD
CY2021Q2 us-gaap Minority Interest
MinorityInterest
20000000.0 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22300000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15700000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4700000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3300000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
17600000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12400000 USD
CY2021Q2 on Outstanding Guarantees And Letters Of Credit
OutstandingGuaranteesAndLettersOfCredit
8600000 USD
CY2021Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
900000 USD
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
4000000.0 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-200000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3000000.0 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5200000 USD
CY2021Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
42300000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
6300000 USD
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
4600000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1700000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1200000 USD

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