$ON
ON Semiconductor Corp

2023 Q4 Form 10-Q Financial Statement

#000162828023035450 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.018B $2.181B
YoY Change -4.06% 4.59%
Cost Of Revenue $1.076B $1.150B
YoY Change -0.64% 9.75%
Gross Profit $941.9M $1.031B
YoY Change -7.7% -0.62%
Gross Profit Margin 46.67% 47.26%
Selling, General & Admin $156.1M $178.9M
YoY Change -8.93% 14.46%
% of Gross Profit 16.57% 17.36%
Research & Development $150.2M $143.4M
YoY Change 10.12% -11.26%
% of Gross Profit 15.95% 13.91%
Depreciation & Amortization $160.3M $155.4M
YoY Change 20.35% 12.28%
% of Gross Profit 17.02% 15.08%
Operating Expenses $318.4M $343.7M
YoY Change -1.7% -24.14%
Operating Profit $623.5M $687.0M
YoY Change -10.49% 17.64%
Interest Expense $3.800M $16.20M
YoY Change -120.65% -26.7%
% of Operating Profit 0.61% 2.36%
Other Income/Expense, Net -$5.000M $10.50M
YoY Change -140.65% -152.5%
Pretax Income $610.9M $697.5M
YoY Change -19.97% 23.67%
Income Tax $47.50M $114.6M
% Of Pretax Income 7.78% 16.43%
Net Earnings $562.7M $582.7M
YoY Change -6.88% 27.84%
Net Earnings / Revenue 27.88% 26.72%
Basic Earnings Per Share $1.35
Diluted Earnings Per Share $1.28 $1.29
COMMON SHARES
Basic Shares Outstanding 430.7M shares 431.5M shares
Diluted Shares Outstanding 450.7M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.483B $2.679B
YoY Change -14.94% 49.53%
Cash & Equivalents $2.483B $2.679B
Short-Term Investments
Other Short-Term Assets $382.1M $363.2M
YoY Change 8.77% 24.21%
Inventory $2.112B $2.085B
Prepaid Expenses
Receivables $935.4M $958.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.912B $6.085B
YoY Change 3.19% 27.17%
LONG-TERM ASSETS
Property, Plant & Equipment $4.402B $4.315B
YoY Change 27.55% 59.22%
Goodwill $1.578B $1.578B
YoY Change 0.0% -13.1%
Intangibles $299.3M $312.8M
YoY Change -16.79% -30.89%
Long-Term Investments
YoY Change
Other Assets $381.3M $368.7M
YoY Change -13.06% -43.27%
Total Long-Term Assets $7.303B $7.196B
YoY Change 16.86% 19.86%
TOTAL ASSETS
Total Short-Term Assets $5.912B $6.085B
Total Long-Term Assets $7.303B $7.196B
Total Assets $13.22B $13.28B
YoY Change 10.32% 23.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $725.6M $911.3M
YoY Change -14.85% 14.8%
Accrued Expenses $663.2M $665.4M
YoY Change -36.68% -11.79%
Deferred Revenue $87.60M $83.70M
YoY Change 44.79%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $794.0M $912.9M
YoY Change 437.21% 452.6%
Total Short-Term Liabilities $2.184B $2.495B
YoY Change 5.93% 45.61%
LONG-TERM LIABILITIES
Long-Term Debt $2.543B $2.541B
YoY Change -16.52% -16.61%
Other Long-Term Liabilities $627.3M $684.7M
YoY Change 3.29% 17.83%
Total Long-Term Liabilities $3.170B $3.226B
YoY Change -13.22% -11.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.184B $2.495B
Total Long-Term Liabilities $3.170B $3.226B
Total Liabilities $5.415B $5.777B
YoY Change -6.18% 7.41%
SHAREHOLDERS EQUITY
Retained Earnings $6.548B $5.985B
YoY Change 50.03% 73.58%
Common Stock $6.200M $6.100M
YoY Change 1.64% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.783B $7.484B
YoY Change
Total Liabilities & Shareholders Equity $13.22B $13.28B
YoY Change 10.32% 23.1%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $562.7M $582.7M
YoY Change -6.88% 27.84%
Depreciation, Depletion And Amortization $160.3M $155.4M
YoY Change 20.35% 12.28%
Cash From Operating Activities $611.2M $566.6M
YoY Change -16.42% 34.65%
INVESTING ACTIVITIES
Capital Expenditures $390.5M $433.0M
YoY Change 14.18% -298.53%
Acquisitions
YoY Change
Other Investing Activities $5.300M $25.80M
YoY Change -97.35% -46.25%
Cash From Investing Activities -$385.2M -$407.2M
YoY Change 171.65% 139.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -432.2M -101.3M
YoY Change 233.23% -1.75%
NET CHANGE
Cash From Operating Activities 611.2M 566.6M
Cash From Investing Activities -385.2M -407.2M
Cash From Financing Activities -432.2M -101.3M
Net Change In Cash -206.2M 58.10M
YoY Change -144.85% -60.64%
FREE CASH FLOW
Cash From Operating Activities $611.2M $566.6M
Capital Expenditures $390.5M $433.0M
Free Cash Flow $220.7M $133.6M
YoY Change -43.31% -79.09%

Facts In Submission

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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
575400000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7504000000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6207000000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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AdjustmentsToAdditionalPaidInCapitalWarrantAndBondHedgesTax
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1600500000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7504000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5410100000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26900000 usd
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
80100000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
317800000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5676600000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4604400000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
18200000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
2100000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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AdjustmentsForGoodwillAndIntangibleAssetImpairment
386800000 usd
on Reversalof Income Tax Valuation Allowance
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109000000.0 usd
on Reversalof Income Tax Valuation Allowance
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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48600000 usd
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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68800000 usd
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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4800000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Fiscal Period Duration
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CY2023Q3 us-gaap Fiscal Period Duration
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us-gaap Fiscal Period Duration
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us-gaap Fiscal Period Duration
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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) calculation of future payouts for customer incentives and amounts subject to allowances and returns; (ii) valuation and obsolescence relating to inventories; (iii) measurement of valuation allowances against deferred tax assets and evaluations of uncertain tax positions; and (iv) cash flow projections for impairment of long-lived assets and goodwill. Additionally, during periods where it becomes applicable, significant estimates will be used by management in determining the future cash flows in assumptions used in business combinations. Actual results may differ from the estimates and assumptions used in the consolidated financial statements.</span></div>
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6222600000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6222600000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3450700000 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
408600000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
429000000.0 usd
CY2023Q3 us-gaap Inventory Net
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2084800000 usd
CY2023Q3 us-gaap Restructuring Costs
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9400000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q3 us-gaap Other Restructuring Costs
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CY2023Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
9400000 usd
us-gaap Restructuring Costs
RestructuringCosts
48600000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
12700000 usd
us-gaap Other Restructuring Costs
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us-gaap Restructuring Costs And Asset Impairment Charges
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CY2022Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Charges
RestructuringCharges
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us-gaap Payments For Restructuring
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25900000 usd
CY2023Q3 us-gaap Restructuring Reserve
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CY2023Q3 us-gaap Inventory Raw Materials
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451700000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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CY2023Q3 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Net
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CY2023Q3 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
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CY2022Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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CY2023Q3 us-gaap Defined Benefit Plan Service Cost
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CY2022Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
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us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3600000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6600000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1600000 usd
CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4800000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3100000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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1200000 usd
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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1100000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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3600000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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3400000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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1600000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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2100000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2023Q3 us-gaap Operating Lease Cost
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11900000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
12400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
36200000 usd
us-gaap Operating Lease Cost
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CY2023Q3 us-gaap Variable Lease Cost
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CY2022Q3 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
VariableLeaseCost
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us-gaap Variable Lease Cost
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CY2023Q3 us-gaap Short Term Lease Cost
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CY2022Q3 us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
ShortTermLeaseCost
1500000 usd
us-gaap Short Term Lease Cost
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CY2023Q3 us-gaap Lease Cost
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13400000 usd
CY2022Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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41700000 usd
us-gaap Lease Cost
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44900000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
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33000000.0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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35200000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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246500000 usd
CY2023Q3 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Liability
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P11Y
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
329500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
34100000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
31800000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2450200000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11600000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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14000000.0 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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17200000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000.0 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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5000000.0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1377700000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3499500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3228300000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4300000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
9200000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
41200000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
25600000 usd
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3454000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3193500000 usd
CY2023Q3 us-gaap Long Term Debt Current
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912900000 usd
CY2022Q4 us-gaap Long Term Debt Current
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147800000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
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2541100000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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924500000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2023Q3 on Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
2575000000 usd
CY2023Q3 us-gaap Long Term Debt
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3499500000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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311900000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
400000 usd
CY2022Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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us-gaap Interest On Convertible Debt Net Of Tax
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us-gaap Interest On Convertible Debt Net Of Tax
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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583100000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
312400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1622200000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
431600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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433500000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1300000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1800000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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16500000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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13000000.0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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449300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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448300000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
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1.35
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.76
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.99
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.90
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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400000 shares
CY2023Q3 us-gaap Treasury Stock Shares Acquired
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1100000 shares
CY2022Q3 us-gaap Treasury Stock Shares Acquired
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1200000 shares
us-gaap Treasury Stock Shares Acquired
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3100000 shares
us-gaap Treasury Stock Shares Acquired
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2700000 shares
CY2023Q3 us-gaap Stock Repurchased During Period Value
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100000000.0 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
80100000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
264000000.0 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
169800000 usd
CY2023Q3 on Treasury Stock Fees Commissions And Excise Tax
TreasuryStockFeesCommissionsAndExciseTax
800000 usd
CY2022Q3 on Treasury Stock Fees Commissions And Excise Tax
TreasuryStockFeesCommissionsAndExciseTax
0 usd
on Treasury Stock Fees Commissions And Excise Tax
TreasuryStockFeesCommissionsAndExciseTax
1200000 usd
on Treasury Stock Fees Commissions And Excise Tax
TreasuryStockFeesCommissionsAndExciseTax
0 usd
CY2023Q3 on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
100800000 usd
CY2022Q3 on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
80100000 usd
on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
265200000 usd
on Treasury Stock Value Acquired Cost Method Net Of Fees
TreasuryStockValueAcquiredCostMethodNetOfFees
169800000 usd
CY2023Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
94.48
CY2022Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
67.00
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
85.84
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
59.76
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2023Q3 on Payment Tax Withholding Share Based Payment Arrangement Before Adjustments
PaymentTaxWithholdingShareBasedPaymentArrangementBeforeAdjustments
5200000 usd
on Payment Tax Withholding Share Based Payment Arrangement Before Adjustments
PaymentTaxWithholdingShareBasedPaymentArrangementBeforeAdjustments
62600000 usd
CY2023Q3 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
100000 shares
on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
800000 shares
CY2022Q3 on Payment Tax Withholding Share Based Payment Arrangement Before Adjustments
PaymentTaxWithholdingShareBasedPaymentArrangementBeforeAdjustments
4100000 usd
on Payment Tax Withholding Share Based Payment Arrangement Before Adjustments
PaymentTaxWithholdingShareBasedPaymentArrangementBeforeAdjustments
67400000 usd
CY2022Q3 on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
100000 shares
on Common Stock Withheld Underlying Restricted Stock Units
CommonStockWithheldUnderlyingRestrictedStockUnits
1100000 shares
CY2023Q3 us-gaap Minority Interest
MinorityInterest
19700000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1200000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31100000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26900000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
76500000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6500000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5600000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19000000.0 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16100000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
24600000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
21300000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
71400000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
60400000 usd
CY2023Q3 on Outstanding Guarantees And Letters Of Credit
OutstandingGuaranteesAndLettersOfCredit
12800000 usd
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
900000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1500000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
700000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1200000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
9000000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2700000 usd
CY2023Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
70200000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-3100000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
18600000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-21700000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
900000 usd
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001628280-23-035450.txt Edgar Link pending
0001628280-23-035450-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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