2021 Q4 Form 10-K Financial Statement

#000162828022002730 Filed on February 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.170B $8.198B $2.156B
YoY Change 0.65% 16.65% 24.22%
Cost Of Revenue $1.725B $6.256B $1.606B
YoY Change 7.4% 17.64% 22.38%
Gross Profit $445.2M $1.943B $550.0M
YoY Change -19.05% 13.59% 29.92%
Gross Profit Margin 20.51% 23.7% 25.51%
Selling, General & Admin $221.3M $950.8M $231.2M
YoY Change -4.28% 5.24% -1.87%
% of Gross Profit 49.71% 48.94% 42.04%
Research & Development $81.60M $336.7M $73.20M
YoY Change 11.48% 13.9% 1.53%
% of Gross Profit 18.33% 17.33% 13.31%
Depreciation & Amortization $58.90M $237.1M $70.20M
YoY Change -16.1% -9.05% 14.15%
% of Gross Profit 13.23% 12.2% 12.76%
Operating Expenses $302.9M $1.288B $304.4M
YoY Change -0.49% -18.42% -1.07%
Operating Profit $142.3M $709.0M $245.6M
YoY Change -42.06% 233.96% 112.38%
Interest Expense $1.400M $44.20M $1.900M
YoY Change -26.32% -33.73% -51.28%
% of Operating Profit 0.98% 6.23% 0.77%
Other Income/Expense, Net -$7.900M -$2.300M $700.0K
YoY Change -1228.57% -45.24% -50.0%
Pretax Income $99.00M $625.7M $248.2M
YoY Change -60.11% 342.5% 105.29%
Income Tax $12.20M $131.4M $49.40M
% Of Pretax Income 12.32% 21.0% 19.9%
Net Earnings $86.80M $493.9M $198.8M
YoY Change -56.34% 295.75% 100.95%
Net Earnings / Revenue 4.0% 6.02% 9.22%
Basic Earnings Per Share $8.06
Diluted Earnings Per Share $1.398M $7.88 $3.058M
COMMON SHARES
Basic Shares Outstanding 60.68M shares 61.30M shares 61.70M shares
Diluted Shares Outstanding 62.70M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $509.2M $509.2M $634.7M
YoY Change -19.77% -19.77% 304.01%
Cash & Equivalents $502.3M $509.2M $634.7M
Short-Term Investments
Other Short-Term Assets $160.5M $160.5M $134.1M
YoY Change 19.69% 19.69% 6.51%
Inventory $1.511B $1.645B $1.178B
Prepaid Expenses
Receivables $227.9M $240.5M $257.2M
Other Receivables $4.000M $4.000M $3.900M
Total Short-Term Assets $2.559B $2.559B $2.208B
YoY Change 15.92% 15.92% 35.68%
LONG-TERM ASSETS
Property, Plant & Equipment $927.7M $1.141B $888.8M
YoY Change 4.38% 12.46% -1.22%
Goodwill $391.3M $397.3M
YoY Change -1.51% -39.79%
Intangibles $543.9M $686.4M
YoY Change -20.76% -17.33%
Long-Term Investments $49.30M $72.30M $59.40M
YoY Change -17.0% 21.72% -46.29%
Other Assets $97.20M $238.4M $90.20M
YoY Change 7.76% -11.01% -9.26%
Total Long-Term Assets $2.489B $2.489B $2.425B
YoY Change 2.62% 2.62% -13.49%
TOTAL ASSETS
Total Short-Term Assets $2.559B $2.559B $2.208B
Total Long-Term Assets $2.489B $2.489B $2.425B
Total Assets $5.048B $5.048B $4.633B
YoY Change 8.96% 8.96% 4.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $776.0M $797.4M $782.2M
YoY Change -0.79% 1.94% 73.75%
Accrued Expenses $756.5M $862.2M $943.1M
YoY Change -19.79% -8.58% 5.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $553.3M $553.3M $142.1M
YoY Change 289.37% 289.37% -14.76%
Total Short-Term Liabilities $2.230B $2.230B $1.889B
YoY Change 18.03% 18.03% 23.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.247B $1.247B $1.309B
YoY Change -4.68% -4.68% -14.29%
Other Long-Term Liabilities $176.6M $338.5M $166.5M
YoY Change 6.07% 18.56% 15.71%
Total Long-Term Liabilities $1.424B $1.586B $1.475B
YoY Change -3.46% -0.51% -11.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.230B $2.230B $1.889B
Total Long-Term Liabilities $1.424B $1.586B $1.475B
Total Liabilities $3.810B $3.824B $3.476B
YoY Change 9.63% 9.61% 5.04%
SHAREHOLDERS EQUITY
Retained Earnings $157.3M $218.4M
YoY Change -27.98% -23.98%
Common Stock $600.0K $600.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.224B $1.224B $1.145B
YoY Change
Total Liabilities & Shareholders Equity $5.048B $5.048B $4.633B
YoY Change 8.96% 8.96% 4.56%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $86.80M $493.9M $198.8M
YoY Change -56.34% 295.75% 100.95%
Depreciation, Depletion And Amortization $58.90M $237.1M $70.20M
YoY Change -16.1% -9.05% 14.15%
Cash From Operating Activities $140.3M $293.7M $342.9M
YoY Change -59.08% -71.17% 56.65%
INVESTING ACTIVITIES
Capital Expenditures -$99.00M $298.3M -$82.10M
YoY Change 20.58% 39.46% 32.21%
Acquisitions $0.00
YoY Change
Other Investing Activities -$39.30M -$5.600M -$14.90M
YoY Change 163.76% -108.86% -777.27%
Cash From Investing Activities -$138.3M -$303.9M -$97.00M
YoY Change 42.58% 101.66% 61.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $461.6M
YoY Change 817.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 193.5M -$107.6M -452.6M
YoY Change -142.75% -74.1% 265.59%
NET CHANGE
Cash From Operating Activities 140.3M $293.7M 342.9M
Cash From Investing Activities -138.3M -$303.9M -97.00M
Cash From Financing Activities 193.5M -$107.6M -452.6M
Net Change In Cash 195.5M -$128.4M -206.7M
YoY Change -194.58% -127.84% -687.22%
FREE CASH FLOW
Cash From Operating Activities $140.3M $293.7M $342.9M
Capital Expenditures -$99.00M $298.3M -$82.10M
Free Cash Flow $239.3M -$4.600M $425.0M
YoY Change -43.69% -100.57% 51.25%

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493900000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
124800000 USD
CY2019 us-gaap Net Income Loss
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324000000.0 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.06
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.02
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.27
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.88
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.20
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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61300000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61900000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61400000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62700000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62600000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62300000 shares
CY2021 us-gaap Profit Loss
ProfitLoss
494300000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
124900000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
323900000 USD
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-30400000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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24200000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2800000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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11100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-9400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-6500000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-300000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-200000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
475300000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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139200000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
314800000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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400000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
100000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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-100000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
474900000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
139100000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
314900000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
867000000.0 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
74900000 USD
CY2019 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
6700000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15700000 USD
CY2019 us-gaap Dividends Common Stock Cash
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149100000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
8400000 USD
CY2019 us-gaap Stockholders Equity Other
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0 USD
CY2019 us-gaap Profit Loss
ProfitLoss
323900000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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-9100000 USD
CY2019Q4 us-gaap Stockholders Equity
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1108200000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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65300000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-1300000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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33600000 USD
CY2020 us-gaap Dividends Common Stock Cash
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152500000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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50300000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
124900000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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14300000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1144800000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
62700000 USD
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-1100000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
156100000 USD
CY2021 us-gaap Dividends Common Stock Cash
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153400000 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
461600000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
494300000 USD
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1300000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-19000000.0 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1226300000 USD
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.52
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.48
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.44
CY2021 us-gaap Profit Loss
ProfitLoss
494300000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
124900000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
323900000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
237100000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
260700000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
234500000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
60600000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
65300000 USD
CY2019 us-gaap Share Based Compensation
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75000000.0 USD
CY2021 us-gaap Other Noncash Income
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7700000 USD
CY2020 us-gaap Other Noncash Income
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18500000 USD
CY2019 us-gaap Other Noncash Income
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32500000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15200000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-83700000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9500000 USD
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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-34800000 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
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379200000 USD
CY2021 us-gaap Other Noncash Expense
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7100000 USD
CY2020 us-gaap Other Noncash Expense
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1900000 USD
CY2019 us-gaap Other Noncash Expense
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5200000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
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200000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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56200000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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-6800000 USD
CY2021 us-gaap Increase Decrease In Inventories
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503100000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
44900000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
149900000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
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27100000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
326600000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
103800000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
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-55800000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
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54000000.0 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
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99000000.0 USD
CY2021 us-gaap Increase Decrease In Income Taxes
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-4800000 USD
CY2020 us-gaap Increase Decrease In Income Taxes
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30500000 USD
CY2019 us-gaap Increase Decrease In Income Taxes
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4900000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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10900000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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21200000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6100000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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293700000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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1018600000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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655100000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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298300000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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213900000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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251400000 USD
CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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42200000 USD
CY2020 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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30600000 USD
CY2019 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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16900000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
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60000000.0 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
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100400000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
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30800000 USD
CY2021 pii Payments To Acquire Interest In Other Subsidiaries And Affiliates
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23400000 USD
CY2020 pii Payments To Acquire Interest In Other Subsidiaries And Affiliates
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6600000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1800000 USD
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-150700000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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2424300000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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1365500000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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3368900000 USD
CY2021 us-gaap Repayments Of Debt And Capital Lease Obligations
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2073000000 USD
CY2020 us-gaap Repayments Of Debt And Capital Lease Obligations
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1611700000 USD
CY2019 us-gaap Repayments Of Debt And Capital Lease Obligations
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3638900000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
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461600000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
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50300000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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8400000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
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153400000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
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152500000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
149100000 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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156100000 USD
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
33600000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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15700000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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-107600000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-415400000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-411800000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-10600000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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8700000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-800000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-128400000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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461200000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3200000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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657500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196300000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193100000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
529100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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657500000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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1800700000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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1450700000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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196300000 USD
CY2021 us-gaap Interest Paid Net
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44800000 USD
CY2020 us-gaap Interest Paid Net
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67000000.0 USD
CY2019 us-gaap Interest Paid Net
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77000000.0 USD
CY2021 us-gaap Income Taxes Paid
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124400000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
65500000 USD
CY2019 us-gaap Income Taxes Paid
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87800000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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509200000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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634700000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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157100000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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19900000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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22800000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
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39200000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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529100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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657500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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196300000 USD
CY2021 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates. </span><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 conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span>
CY2020Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
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48300000 USD
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1870000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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1552300000 USD
CY2021Q4 us-gaap Inventory Raw Materials
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720200000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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533500000 USD
CY2021Q4 pii Parts Garments And Accessories
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417700000 USD
CY2020Q4 pii Parts Garments And Accessories
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330500000 USD
CY2021Q4 us-gaap Inventory Finished Goods
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588200000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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381300000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
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81300000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
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67700000 USD
CY2021Q4 us-gaap Inventory Net
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1644800000 USD
CY2020Q4 us-gaap Inventory Net
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1177600000 USD
CY2021 us-gaap Depreciation
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203100000 USD
CY2020 us-gaap Depreciation
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211200000 USD
CY2019 us-gaap Depreciation
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189100000 USD
CY2021Q4 pii Land Buildings And Building Improvements Gross
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532200000 USD
CY2020Q4 pii Land Buildings And Building Improvements Gross
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517200000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
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1672200000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
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1499500000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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2204400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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2016700000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1229000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1127900000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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975400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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888800000 USD
CY2021 us-gaap Advertising Expense
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90800000 USD
CY2020 us-gaap Advertising Expense
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95800000 USD
CY2019 us-gaap Advertising Expense
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77400000 USD
CY2020Q4 us-gaap Product Warranty Accrual
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140800000 USD
CY2019Q4 us-gaap Product Warranty Accrual
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136200000 USD
CY2018Q4 us-gaap Product Warranty Accrual
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121800000 USD
CY2019 us-gaap Product Warranty Accrual Additions From Business Acquisition
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8800000 USD
CY2021 pii Standard And Extended Product Warranty Accrual Decrease For Divestitures
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2100000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
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130400000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
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123700000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
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122900000 USD
CY2021 us-gaap Product Warranty Accrual Payments
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134000000.0 USD
CY2020 us-gaap Product Warranty Accrual Payments
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119100000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
117300000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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135100000 USD
CY2020Q4 us-gaap Product Warranty Accrual
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140800000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
136200000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8198200000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8198200000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7027900000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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7027900000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6782500000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6782500000 USD
CY2021Q4 us-gaap Deferred Revenue Current
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44000000 USD
CY2021Q4 us-gaap Deferred Revenue Noncurrent
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82400000 USD
CY2020Q4 us-gaap Deferred Revenue
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CY2019Q4 us-gaap Deferred Revenue
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CY2018Q4 us-gaap Deferred Revenue
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CY2021 us-gaap Deferred Revenue Additions
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66600000 USD
CY2020 us-gaap Deferred Revenue Additions
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60400000 USD
CY2019 us-gaap Deferred Revenue Additions
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49600000 USD
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47300000 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
34900000 USD
CY2019 us-gaap Deferred Revenue Revenue Recognized1
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27900000 USD
CY2021Q4 us-gaap Deferred Revenue
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CY2020Q4 us-gaap Deferred Revenue
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107100000 USD
CY2019Q4 us-gaap Deferred Revenue
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81600000 USD
CY2021Q4 us-gaap Deferred Revenue Current
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CY2020Q4 us-gaap Deferred Revenue Current
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37800000 USD
CY2021Q4 us-gaap Deferred Revenue Noncurrent
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CY2020Q4 us-gaap Deferred Revenue Noncurrent
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69300000 USD
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CY2021 us-gaap Stock Option Plan Expense
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CY2020 us-gaap Stock Option Plan Expense
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CY2019 us-gaap Stock Option Plan Expense
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21800000 USD
CY2021 pii Other Stock Based Compensation Expense
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40900000 USD
CY2020 pii Other Stock Based Compensation Expense
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40900000 USD
CY2019 pii Other Stock Based Compensation Expense
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48000000.0 USD
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CY2020 us-gaap Allocated Share Based Compensation Expense
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CY2019 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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13100000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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38600000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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41600000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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53200000 USD
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57000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y7D
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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5800000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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51200000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P5Y8M26D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P4Y10M13D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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36.77
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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21.76
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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19.54
CY2021Q4 us-gaap Temporary Equity Shares Issued
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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67000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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44200000 USD
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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31800000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
165.54
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
98.09
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
96.38
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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13900000 USD
CY2020 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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12300000 USD
CY2019 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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10300000 USD
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
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2996000 shares
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1
CY2021 pii Defined Contribution Plan Contributions By Employer
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29800000 USD
CY2020 pii Defined Contribution Plan Contributions By Employer
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26900000 USD
CY2019 pii Defined Contribution Plan Contributions By Employer
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26200000 USD
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11200000 USD
CY2021 us-gaap Temporary Equity Other Changes
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10000000 USD
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
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7100000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
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5500000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
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1800700000 USD
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1200000 USD
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1450700000 USD
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553300000 USD
CY2020Q4 us-gaap Long Term Debt Current
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142100000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1247400000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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1308600000 USD
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75000000 USD
CY2021Q4 us-gaap Long Term Debt
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1726000000 USD
CY2020Q4 us-gaap Long Term Debt
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1365000000 USD
CY2019Q4 us-gaap Long Term Debt
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1600100000 USD
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CY2020 us-gaap Line Of Credit Facility Average Outstanding Amount
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1912000000 USD
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1903000000 USD
CY2020 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
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2370600000 USD
CY2019 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
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2127900000 USD
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0.0177
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0.0230
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0.0329
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32100000 USD
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108900000 USD
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270300000 USD
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90300000 USD
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CY2020Q4 us-gaap Goodwill
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397300000 USD
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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686400000 USD
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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270300000 USD
CY2020Q4 us-gaap Goodwill
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397300000 USD
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270300000 USD
CY2021Q4 us-gaap Goodwill
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391300000 USD
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CY2019Q4 us-gaap Goodwill
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659900000 USD
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7700000 USD
CY2020Q4 us-gaap Goodwill Gross
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CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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270300000 USD
CY2020Q4 us-gaap Goodwill
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397300000 USD
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807100000 USD
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120700000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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126500000 USD
CY2021 pii Finite Lived Intangible Assets Disposalof Intangible Assets
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CY2021 pii Amortizationof Intangible Assets Adjustmentfor Disposal
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20700000 USD
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108900000 USD
CY2020 pii Finite Lived Intangible Assets Disposalof Intangible Assets
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CY2020 pii Amortizationof Intangible Assets Adjustmentfor Disposal
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41700000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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34000000.0 USD
CY2020 us-gaap Amortization Of Intangible Assets
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36100000 USD
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CY2021 pii Finite Lived Intangible Assets Accumulated Amortization Foreign Currency Translation Effect
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0 USD
CY2020 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
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900000 USD
CY2020 pii Finite Lived Intangible Assets Accumulated Amortization Foreign Currency Translation Effect
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-200000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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780200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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134000000.0 USD
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807100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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120700000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
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450100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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134000000.0 USD
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316100000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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780200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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134000000.0 USD
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646200000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
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P16Y
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472800000 USD
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120700000 USD
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352100000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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807100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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120700000 USD
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34000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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36100000 USD
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26200000 USD
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25100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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25000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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25000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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23800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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191000000 USD
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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344300000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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135400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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68500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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63500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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625700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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141400000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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407800000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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46400000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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17200000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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18200000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
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29600000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
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27400000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
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26800000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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11900000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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131400000 USD
CY2020 us-gaap Income Tax Expense Benefit
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16500000 USD
CY2019 us-gaap Income Tax Expense Benefit
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83900000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.020
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0
CY2020 pii Effective Income Tax Rate Reconciliation Deduction For Qualifying Domestic Production Activities
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-0.026
CY2019 pii Effective Income Tax Rate Reconciliation Deduction For Qualifying Domestic Production Activities
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.009
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.056
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2020Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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251000000 USD
CY2021Q4 pii Deferred Tax Assets Inventory Noncurrent
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73600000 USD
CY2020Q4 pii Deferred Tax Assets Inventory Noncurrent
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37200000 USD
CY2021Q4 pii Deferred Tax Assets Tax Deferred Expense Reservesand Accruals Noncurrent
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105000000.0 USD
CY2020Q4 pii Deferred Tax Assets Tax Deferred Expense Reservesand Accruals Noncurrent
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116500000 USD
CY2021Q4 pii Deferred Tax Assets Cost In Excess Of Net Assets Acquired
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25100000 USD
CY2020Q4 pii Deferred Tax Assets Cost In Excess Of Net Assets Acquired
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42500000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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101100000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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