2019 Q4 Form 10-Q Financial Statement
#000156459019041017 Filed on November 06, 2019
Income Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
Revenue | $1.304B | $1.226B | $1.200B |
YoY Change | 3.0% | 2.17% | 4.17% |
Cost Of Revenue | $930.0M | $937.0M | $853.0M |
YoY Change | 6.04% | 9.85% | 4.53% |
Gross Profit | $313.0M | $309.0M | $347.0M |
YoY Change | -5.15% | -10.95% | 3.27% |
Gross Profit Margin | 24.0% | 25.2% | 28.92% |
Selling, General & Admin | $319.0M | $230.0M | $219.0M |
YoY Change | 12.32% | 5.02% | 2.34% |
% of Gross Profit | 101.92% | 74.43% | 63.11% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $25.00M | $19.00M | $16.00M |
YoY Change | 47.06% | 18.75% | -5.88% |
% of Gross Profit | 7.99% | 6.15% | 4.61% |
Operating Expenses | $319.0M | $230.0M | $219.0M |
YoY Change | -939.47% | 5.02% | 2.34% |
Operating Profit | -$6.000M | $59.00M | $128.0M |
YoY Change | -101.63% | -53.91% | 0.0% |
Interest Expense | -$18.00M | $16.00M | $2.000M |
YoY Change | -10.0% | 700.0% | 100.0% |
% of Operating Profit | 27.12% | 1.56% | |
Other Income/Expense, Net | -$64.00M | $0.00 | -$144.0M |
YoY Change | -82.66% | -100.0% | |
Pretax Income | -$10.00M | $8.000M | -$18.00M |
YoY Change | -126.32% | -144.44% | -131.03% |
Income Tax | -$1.000M | $0.00 | -$329.0M |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$9.000M | $8.000M | $311.0M |
YoY Change | -156.25% | -97.43% | 1252.17% |
Net Earnings / Revenue | -0.69% | 0.65% | 25.92% |
Basic Earnings Per Share | -$0.07 | $0.07 | $2.54 |
Diluted Earnings Per Share | -$0.07 | $0.06 | $2.54 |
COMMON SHARES | |||
Basic Shares Outstanding | 122.8M | 122.8M | 123.0M |
Diluted Shares Outstanding | 123.2M | 123.0M |
Balance Sheet
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $122.0M | $132.0M | $184.0M |
YoY Change | -53.96% | -28.26% | |
Cash & Equivalents | $122.0M | $132.0M | $184.0M |
Short-Term Investments | |||
Other Short-Term Assets | $175.0M | $134.0M | $72.00M |
YoY Change | 84.21% | 86.11% | |
Inventory | $671.0M | $729.0M | $603.0M |
Prepaid Expenses | |||
Receivables | $817.0M | $845.0M | $783.0M |
Other Receivables | $0.00 | $0.00 | $26.00M |
Total Short-Term Assets | $1.785B | $1.840B | $1.668B |
YoY Change | -1.33% | 10.31% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $316.0M | $306.0M | $276.0M |
YoY Change | 5.33% | 10.87% | |
Goodwill | $2.642B | $2.632B | $2.638B |
YoY Change | 0.3% | -0.23% | |
Intangibles | $127.0M | $125.0M | $138.0M |
YoY Change | -4.51% | -9.42% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $385.0M | $230.0M | $18.00M |
YoY Change | 301.04% | 1177.78% | |
Total Long-Term Assets | $3.343B | $3.293B | $3.074B |
YoY Change | 5.69% | 7.12% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.785B | $1.840B | $1.668B |
Total Long-Term Assets | $3.343B | $3.293B | $3.074B |
Total Assets | $5.128B | $5.133B | $4.742B |
YoY Change | 3.14% | 8.25% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $920.0M | $932.0M | $850.0M |
YoY Change | -4.56% | 9.65% | |
Accrued Expenses | $552.0M | $531.0M | $388.0M |
YoY Change | 9.74% | 36.86% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $22.00M | $88.00M | |
YoY Change | 0.0% | ||
Total Short-Term Liabilities | $1.494B | $1.551B | $1.400B |
YoY Change | 0.34% | 10.79% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.158B | $1.165B | $0.00 |
YoY Change | -1.78% | ||
Other Long-Term Liabilities | $280.0M | $264.0M | $557.0M |
YoY Change | 97.18% | -52.6% | |
Total Long-Term Liabilities | $1.438B | $1.429B | $557.0M |
YoY Change | 8.86% | 156.55% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.494B | $1.551B | $1.400B |
Total Long-Term Liabilities | $1.438B | $1.429B | $557.0M |
Total Liabilities | $2.932B | $2.980B | $1.957B |
YoY Change | 4.34% | 52.27% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $38.00M | $47.00M | |
YoY Change | 1800.0% | ||
Common Stock | $0.00 | $0.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $3.000M | $3.000M | |
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.602B | $1.573B | $2.685B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.128B | $5.133B | $4.742B |
YoY Change | 3.14% | 8.25% |
Cashflow Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.000M | $8.000M | $311.0M |
YoY Change | -156.25% | -97.43% | 1252.17% |
Depreciation, Depletion And Amortization | $25.00M | $19.00M | $16.00M |
YoY Change | 47.06% | 18.75% | -5.88% |
Cash From Operating Activities | $93.00M | -$33.00M | $117.0M |
YoY Change | 6.9% | -128.21% | 5.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$29.00M | -$28.00M | -$40.00M |
YoY Change | 2800.0% | -30.0% | 150.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $1.000M |
YoY Change | -100.0% | -100.0% | 0.0% |
Cash From Investing Activities | -$29.00M | -$28.00M | -$39.00M |
YoY Change | 61.11% | -28.21% | 160.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -75.00M | 53.00M | 15.00M |
YoY Change | -494.74% | 253.33% | -117.05% |
NET CHANGE | |||
Cash From Operating Activities | 93.00M | -33.00M | 117.0M |
Cash From Investing Activities | -29.00M | -28.00M | -39.00M |
Cash From Financing Activities | -75.00M | 53.00M | 15.00M |
Net Change In Cash | -11.00M | -8.000M | 93.00M |
YoY Change | -112.5% | -108.6% | 1062.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | $93.00M | -$33.00M | $117.0M |
Capital Expenditures | -$29.00M | -$28.00M | -$40.00M |
Free Cash Flow | $122.0M | -$5.000M | $157.0M |
YoY Change | 38.64% | -103.18% | 23.62% |
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CommitmentsAndContingencies
|
||
CY2019Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | |
CY2019Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1751000000 | |
CY2019Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3000000 | |
CY2019Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
47000000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2000000 | |
CY2019Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-222000000 | |
CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-189000000 | |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1573000000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1533000000 | |
CY2019Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5133000000 | |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4972000000 | |
CY2019Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | |
CY2019Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
123382000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
122967000 | |
CY2019Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
122786000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
122499000 | |
us-gaap |
Profit Loss
ProfitLoss
|
45000000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
389000000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
55000000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
49000000 | ||
rezi |
Repositioning Charges Net Of Payments
RepositioningChargesNetOfPayments
|
12000000 | ||
rezi |
Repositioning Charges Net Of Payments
RepositioningChargesNetOfPayments
|
-4000000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
22000000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-275000000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
6000000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
6000000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
151000000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-6000000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-15000000 | ||
rezi |
Increase Decrease In Obligations Payable
IncreaseDecreaseInObligationsPayable
|
-49000000 | ||
rezi |
Payments To Acquire Property Plant Equipment And Software
PaymentsToAcquirePropertyPlantEquipmentAndSoftware
|
66000000 | ||
us-gaap |
Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
7000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-56000000 | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1000000 | ||
rezi |
Net Decrease In Invested Equity Investment
NetDecreaseInInvestedEquityInvestment
|
300000000 | ||
rezi |
Proceeds From Payments For Cash Pooling
ProceedsFromPaymentsForCashPooling
|
115000000 | ||
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1593000000 | |
CY2019Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-35000000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2589000000 | |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
33000000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2603000000 | |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
45000000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
30000000 | |
CY2018Q1 | rezi |
Shareholders Equity Change In Invested Equity Value
ShareholdersEquityChangeInInvestedEquityValue
|
-89000000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-49000000 | |
CY2018Q2 | rezi |
Shareholders Equity Change In Invested Equity Value
ShareholdersEquityChangeInInvestedEquityValue
|
-93000000 | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
311000000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5000000 | |
CY2018Q3 | rezi |
Shareholders Equity Change In Invested Equity Value
ShareholdersEquityChangeInInvestedEquityValue
|
-101000000 | |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2685000000 | |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
48000000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6000000 | |
CY2019Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
2000000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1592000000 | |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-11000000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4000000 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7000000 | |
CY2019Q2 | us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
9000000 | |
CY2019Q3 | us-gaap |
Profit Loss
ProfitLoss
|
8000000 | |
CY2019Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8000000 | |
CY2019Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
1000000 | |
us-gaap |
Restructuring Costs
RestructuringCosts
|
5000000 | ||
CY2018Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
13000000 | |
CY2018Q4 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
one share | |
CY2018Q4 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
six shares | |
rezi |
Spin Off Transaction Record Date
SpinOffTransactionRecordDate
|
2018-10-16 | ||
rezi |
Date Of Business Spin Off
DateOfBusinessSpinOff
|
2018-10-29 | ||
rezi |
Spin Off Stock Description
SpinOffStockDescription
|
On October 29, 2018, Honeywell’s shareholders of record as of October 16, 2018 (“Record Date”) received one share of the Company’s common stock, par value $0.001 per share, for every six shares of Honeywell’s common stock, par value $1.00 per share, held as of the Record Date, and cash for any fractional shares of the Company’s common stock. | ||
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
115000000 | |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
112000000 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
0 | |
CY2019Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
474000 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
723000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
CY2019Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
9000000 | |
us-gaap |
Severance Costs1
SeveranceCosts1
|
35000000 | ||
us-gaap |
Severance Costs1
SeveranceCosts1
|
4000000 | ||
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1000000 | ||
us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-1000000 | ||
CY2019Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
9000000 | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
34000000 | ||
us-gaap |
Restructuring Charges
RestructuringCharges
|
5000000 | ||
CY2019Q3 | us-gaap |
Restructuring Costs
RestructuringCosts
|
9000000 | |
us-gaap |
Restructuring Costs
RestructuringCosts
|
34000000 | ||
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
30000000 | |
CY2019Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
143000000 | |
CY2018Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
167000000 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2018Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2018Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
1000000 | |
CY2019Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
19000000 | |
CY2018Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
34000000 | |
CY2019Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
567000000 | |
CY2018Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
427000000 | |
CY2019Q3 | rezi |
Obligations Payable To Honeywell Current
ObligationsPayableToHoneywellCurrent
|
140000000 | |
CY2018Q4 | rezi |
Obligations Payable To Honeywell Current
ObligationsPayableToHoneywellCurrent
|
140000000 | |
CY2019Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
41000000 | |
CY2018Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
76000000 | |
CY2019Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
73000000 | |
CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
73000000 | |
CY2019Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
277000000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
214000000 | |
CY2019Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
21000000 | |
CY2018Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
24000000 | |
CY2019Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
1253000000 | |
CY2018Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1201000000 | |
CY2019Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
16000000 | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
51000000 | ||
CY2019Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
14000000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
39000000 | ||
CY2019Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
3000000 | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
8000000 | ||
CY2019Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
130000000 | |
CY2019Q3 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherAssets | |
CY2019Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
29000000 | |
CY2019Q3 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:AccruedLiabilitiesCurrent | |
CY2019Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
106000000 | |
CY2019Q3 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
9000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
35000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
32000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
27000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
20000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
36000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
159000000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
24000000 | |
CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
135000000 | |
CY2019Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y7M20D | |
CY2019Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0600 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
39000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
33000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
28000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
22000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
15000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
17000000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
154000000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
28000000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
47000000 | ||
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
31000000 | |
CY2018Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
15000000 | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | ||
CY2019Q3 | rezi |
Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
|
114000000 | |
CY2018Q3 | rezi |
Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
|
150000000 | |
rezi |
Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
|
363000000 | ||
rezi |
Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
|
457000000 | ||
CY2019Q3 | us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-16000000 | |
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-49000000 | ||
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
1000000 | ||
CY2019Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
19000000 | |
CY2018Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
16000000 | |
CY2018Q3 | rezi |
Environmental Expense
EnvironmentalExpense
|
146000000 | |
rezi |
Environmental Expense
EnvironmentalExpense
|
322000000 | ||
CY2019Q3 | rezi |
Reimbursement Agreement Gain Expense
ReimbursementAgreementGainExpense
|
35000000 | |
rezi |
Reimbursement Agreement Gain Expense
ReimbursementAgreementGainExpense
|
57000000 | ||
CY2019Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8000000 | |
CY2018Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6000000 | |
CY2019Q3 | rezi |
Other Spin Off Cost
OtherSpinOffCost
|
19000000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-49000000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7000000 | |
CY2018Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-2000000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
6000000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-4000000 | |
CY2019Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-35000000 | |
CY2019Q3 | rezi |
Environmental Liabilities
EnvironmentalLiabilities
|
21000000 | |
CY2018Q3 | rezi |
Environmental Liabilities
EnvironmentalLiabilities
|
735000000 | |
rezi |
Trademark License Agreement
TrademarkLicenseAgreement
|
P40Y | ||
CY2019Q3 | us-gaap |
Legal Fees
LegalFees
|
1000000 | |
us-gaap |
Legal Fees
LegalFees
|
20000000 | ||
CY2019Q3 | rezi |
Legal Reserve
LegalReserve
|
18000000 | |
CY2018Q4 | rezi |
Legal Reserve
LegalReserve
|
7000000 | |
CY2018Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
26000000 | |
CY2017Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
17000000 | |
us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
10000000 | ||
us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
12000000 | ||
us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
-1000000 | ||
us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
-2000000 | ||
us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
12000000 | ||
us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
12000000 | ||
CY2019Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
23000000 | |
rezi |
Other Spin Off Cost
OtherSpinOffCost
|
65000000 | ||
rezi |
Other Spin Off Cost
OtherSpinOffCost
|
1000000 | ||
CY2019Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
13000000 | ||
CY2019Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1000000 |