2022 Q2 Form 10-Q Financial Statement

#000162828022011616 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $1.945B $1.742B $1.482B
YoY Change 31.27% 20.45% 15.95%
Cost Of Revenue $983.7M $1.021B $960.5M
YoY Change 2.42% 16.57% 9.75%
Gross Profit $961.3M $720.8M $521.2M
YoY Change 84.44% 63.37% 29.43%
Gross Profit Margin 49.42% 41.38% 35.18%
Selling, General & Admin $149.0M $144.1M $151.3M
YoY Change -1.52% 13.02% 2.23%
% of Gross Profit 15.5% 19.99% 29.03%
Research & Development $156.8M $154.5M $173.6M
YoY Change -9.68% -1.02% 1.52%
% of Gross Profit 16.31% 21.43% 33.31%
Depreciation & Amortization $140.6M $149.9M $153.4M
YoY Change -8.34% -4.03% -4.84%
% of Gross Profit 14.63% 20.8% 29.43%
Operating Expenses $314.1M $321.6M $395.3M
YoY Change -20.54% -0.19% 2.92%
Operating Profit $647.2M $399.2M $125.9M
YoY Change 414.06% 235.46% 576.88%
Interest Expense $21.60M $31.90M $33.40M
YoY Change -35.33% -24.41% -21.41%
% of Operating Profit 3.34% 7.99% 26.53%
Other Income/Expense, Net -$19.10M -$27.00M -$28.50M
YoY Change -32.98% -33.99% -29.63%
Pretax Income $628.1M $372.2M $97.40M
YoY Change 544.87% 376.57% -544.75%
Income Tax $97.10M $61.80M $7.100M
% Of Pretax Income 15.46% 16.6% 7.29%
Net Earnings $530.2M $309.7M $89.90M
YoY Change 489.77% 92.84% -742.14%
Net Earnings / Revenue 27.26% 17.78% 6.07%
Basic Earnings Per Share $1.22 $0.72 $0.22
Diluted Earnings Per Share $1.18 $0.70 $0.20
COMMON SHARES
Basic Shares Outstanding 433.3M shares 430.6M shares 413.4M shares
Diluted Shares Outstanding 448.9M shares 440.7M shares 445.4M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.645B $1.389B $1.043B
YoY Change 57.8% -16.01% -47.4%
Cash & Equivalents $1.645B $1.353B $1.043B
Short-Term Investments
Other Short-Term Assets $315.6M $240.1M $166.0M
YoY Change 90.12% 36.42% 13.39%
Inventory $1.496B $1.380B $1.296B
Prepaid Expenses
Receivables $910.7M $720.0M $683.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.367B $3.782B $3.188B
YoY Change 37.01% 18.77% -20.95%
LONG-TERM ASSETS
Property, Plant & Equipment $2.559B $2.524B $2.489B
YoY Change 2.81% 0.48% -3.51%
Goodwill $1.937B $1.938B $1.663B
YoY Change 16.43% 16.48% 0.0%
Intangibles $474.5M $495.7M $441.1M
YoY Change 7.57% 5.69% -20.98%
Long-Term Investments
YoY Change
Other Assets $525.1M $520.6M $401.7M
YoY Change 30.72% 26.91% 56.91%
Total Long-Term Assets $5.845B $5.844B $5.443B
YoY Change 7.39% 6.57% 1.01%
TOTAL ASSETS
Total Short-Term Assets $4.367B $3.782B $3.188B
Total Long-Term Assets $5.845B $5.844B $5.443B
Total Assets $10.21B $9.626B $8.630B
YoY Change 18.33% 11.05% -8.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $725.3M $635.1M $605.0M
YoY Change 19.88% 10.86% 20.06%
Accrued Expenses $670.4M $747.6M $588.3M
YoY Change 13.96% 31.16% 8.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $170.4M $160.7M $536.7M
YoY Change -68.25% -69.77% -22.17%
Total Short-Term Liabilities $1.566B $1.543B $1.730B
YoY Change -9.47% -7.83% -0.35%
LONG-TERM LIABILITIES
Long-Term Debt $3.035B $2.914B $2.807B
YoY Change 8.14% -1.55% -30.57%
Other Long-Term Liabilities $552.0M $521.1M $390.0M
YoY Change 41.54% 24.55% 13.6%
Total Long-Term Liabilities $3.587B $3.435B $3.197B
YoY Change 12.21% 1.68% -27.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.566B $1.543B $1.730B
Total Long-Term Liabilities $3.587B $3.435B $3.197B
Total Liabilities $5.194B $5.022B $4.981B
YoY Change 4.29% -1.73% -19.45%
SHAREHOLDERS EQUITY
Retained Earnings $2.992B $2.435B $1.515B
YoY Change 97.47% 70.82% 28.72%
Common Stock $6.100M $6.000M $5.800M
YoY Change 5.17% 5.26% 1.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.507B $2.448B $1.997B
YoY Change 25.57% 24.4% 15.29%
Treasury Stock Shares 171.5M shares 170.6M shares 159.7M shares
Shareholders Equity $4.998B $4.585B $3.630B
YoY Change
Total Liabilities & Shareholders Equity $10.21B $9.626B $8.630B
YoY Change 18.33% 11.05% -8.39%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $530.2M $309.7M $89.90M
YoY Change 489.77% 92.84% -742.14%
Depreciation, Depletion And Amortization $140.6M $149.9M $153.4M
YoY Change -8.34% -4.03% -4.84%
Cash From Operating Activities $478.6M $448.9M $218.5M
YoY Change 119.04% 174.72% 31.63%
INVESTING ACTIVITIES
Capital Expenditures $173.8M -$93.20M $77.00M
YoY Change 125.71% 51.3% -41.8%
Acquisitions
YoY Change
Other Investing Activities $44.40M -$56.30M -$200.0K
YoY Change -22300.0% -2445.83% -100.84%
Cash From Investing Activities -$129.4M -$149.5M -$77.20M
YoY Change 67.62% 152.53% -28.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $4.100M $154.1M
YoY Change -97.34% 175.18%
Cash From Financing Activities -$57.30M -1.100M -$178.1M
YoY Change -67.83% -99.78% -117.29%
NET CHANGE
Cash From Operating Activities $478.6M 448.9M $218.5M
Cash From Investing Activities -$129.4M -149.5M -$77.20M
Cash From Financing Activities -$57.30M -1.100M -$178.1M
Net Change In Cash $291.2M 298.3M -$37.60M
YoY Change -874.47% -173.44% -103.46%
FREE CASH FLOW
Cash From Operating Activities $478.6M $448.9M $218.5M
Capital Expenditures $173.8M -$93.20M $77.00M
Free Cash Flow $304.8M $542.1M $141.5M
YoY Change 115.41% 140.93% 319.88%

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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
16600000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4000000.0 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14200000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1700000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
545200000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
92000000.0 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
800000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
400000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
544400000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91600000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4604400000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6700000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
58800000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22500000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
545200000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5018000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3558100000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5700000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2021Q2 on Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
0 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
28500000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22300000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
92000000.0 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3649600000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
531000000.0 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
90300000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
140600000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
153400000 USD
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
16600000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-300000 USD
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3200000 USD
CY2021Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2400000 USD
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
22500000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
22300000 USD
CY2022Q2 on Interest Noncash
InterestNoncash
0 USD
CY2021Q2 on Interest Noncash
InterestNoncash
4600000 USD
CY2022Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6700000 USD
CY2021Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6100000 USD
CY2022Q2 on Reversalof Income Tax Valuation Allowance
ReversalofIncomeTaxValuationAllowance
-38300000 USD
CY2021Q2 on Reversalof Income Tax Valuation Allowance
ReversalofIncomeTaxValuationAllowance
23200000 USD
CY2022Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-500000 USD
CY2021Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000.0 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
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107200000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9900000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
116700000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
42000000.0 USD
CY2022Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
800000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-9900000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
35700000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8900000 USD
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-83200000 USD
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
12800000 USD
CY2022Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
24600000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-15400000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
478600000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
218500000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
173800000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77000000.0 USD
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
36700000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
200000 USD
CY2022Q2 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-1600000 USD
CY2021Q2 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
400000 USD
CY2022Q2 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
12900000 USD
CY2021Q2 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2022Q2 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
2400000 USD
CY2021Q2 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
0 USD
CY2022Q2 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
7800000 USD
CY2021Q2 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2022Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3400000 USD
CY2021Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-129400000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77200000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
7800000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
6600000 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
58800000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28500000 USD
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4100000 USD
CY2021Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
154100000 USD
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q2 on Payments Related To Acquisition
PaymentsRelatedToAcquisition
0 USD
CY2021Q2 on Payments Related To Acquisition
PaymentsRelatedToAcquisition
2100000 USD
CY2022Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2200000 USD
CY2021Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57300000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178100000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-700000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-800000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
291200000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37600000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1377700000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1081500000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1668900000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1043900000 USD
CY2022Q2 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P91D
CY2021Q2 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P92D
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 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; and (iii) 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>
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8600000000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1945000000 USD
CY2022Q2 on Segment Reporting Information Gross Profit
SegmentReportingInformationGrossProfit
961300000 USD
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
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1945000000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1945000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1481700000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1481700000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2559400000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2524300000 USD
CY2022Q2 us-gaap Restructuring Charges
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-500000 USD
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
4800000 USD
CY2022Q2 us-gaap Restructuring Costs
RestructuringCosts
-500000 USD
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4000000.0 USD
CY2022Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
-16500000 USD
CY2022Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
-13000000.0 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
10800000 USD
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
5500000 USD
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
193500000 USD
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
174200000 USD
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
971500000 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
888900000 USD
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
331000000.0 USD
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
316400000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
1496000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1379500000 USD
CY2022Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
70000000 USD
CY2022Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
14300000 USD
CY2022Q2 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
112600000 USD
CY2022Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
200000 USD
CY2021Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
103900000 USD
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
200000 USD
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2200000 USD
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3100000 USD
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1100000 USD
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1100000 USD
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1200000 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1700000 USD
CY2022Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2021Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1900000 USD
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2100000 USD
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4400000 USD
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
11200000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9900000 USD
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1600000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1000000.0 USD
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
700000 USD
CY2022Q2 us-gaap Lease Cost
LeaseCost
13200000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
11600000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35100000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32500000 USD
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
137900000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
142400000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
173000000.0 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
174900000 USD
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
169700000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
170100000 USD
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12700000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12700000 USD
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
10200000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
10200000 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
22900000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
22900000 USD
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
21900000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
22300000 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P19Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
225400000 USD
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
180900000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10700000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7100000 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
24000000.0 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
31400000 USD
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15700000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20900000 USD
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
11000000.0 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
10300000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1645100000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1352600000 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
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
18800000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
20100000 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
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000.0 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000.0 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1668900000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1377700000 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
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3254200000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3258300000 USD
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12600000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
149000000.0 USD
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
35800000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34700000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3205800000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3074600000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
170400000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
160700000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3035400000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2913900000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
167400000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
16300000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16300000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
16300000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1532900000 USD
CY2022Q2 on Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1505000000 USD
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
3254200000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
530200000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
89900000 USD
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
500000 USD
CY2021Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
530700000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
89900000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
433300000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413400000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2400000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13200000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
29300000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
448900000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
445400000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
58800000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28500000 USD
CY2022Q2 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
1000000 shares
CY2021Q2 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
700000 shares
CY2022Q2 on Treasury Stock Shares Reissued Or Retired During Period
TreasuryStockSharesReissuedOrRetiredDuringPeriod
0 shares
CY2021Q4 us-gaap Minority Interest
MinorityInterest
19000000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
800000 USD
CY2022Q2 us-gaap Minority Interest
MinorityInterest
19800000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22500000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22300000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4700000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4700000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
17800000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
17600000 USD
CY2022Q2 on Outstanding Guarantees And Letters Of Credit
OutstandingGuaranteesAndLettersOfCredit
13400000 USD
CY2022Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
900000 USD
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1900000 USD
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
4000000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1500000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3000000 USD
CY2022Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
64200000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
14900000 USD
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
700000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14200000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
5100000 USD

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