$REZI
RESIDEO TECHNOLOGIES, INC.

2020 Q1 Form 10-Q Financial Statement

#000156459020022480 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.179B $1.216B
YoY Change -3.04% 4.38%
Cost Of Revenue $895.0M $884.0M
YoY Change 1.24% 7.54%
Gross Profit $284.0M $332.0M
YoY Change -14.46% -3.21%
Gross Profit Margin 24.09% 27.3%
Selling, General & Admin $244.0M $228.0M
YoY Change 7.02% 7.55%
% of Gross Profit 85.92% 68.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.00M $16.00M
YoY Change 31.25% -5.88%
% of Gross Profit 7.39% 4.82%
Operating Expenses $244.0M $228.0M
YoY Change 7.02% 7.55%
Operating Profit $34.00M $85.00M
YoY Change -60.0% -35.11%
Interest Expense $17.00M $17.00M
YoY Change 0.0% 1600.0%
% of Operating Profit 50.0% 20.0%
Other Income/Expense, Net -$9.000M $1.000M
YoY Change -1000.0% -101.92%
Pretax Income -$25.00M $84.00M
YoY Change -129.76% 6.33%
Income Tax -$4.000M $36.00M
% Of Pretax Income 42.86%
Net Earnings -$21.00M $48.00M
YoY Change -143.75% 6.67%
Net Earnings / Revenue -1.78% 3.95%
Basic Earnings Per Share -$0.17 $0.39
Diluted Earnings Per Share -$0.17 $0.39
COMMON SHARES
Basic Shares Outstanding 123.0M 122.6M
Diluted Shares Outstanding 123.0M 123.5M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $338.0M $212.0M
YoY Change 59.43% 182.67%
Cash & Equivalents $338.0M $212.0M
Short-Term Investments
Other Short-Term Assets $164.0M $111.0M
YoY Change 47.75% 70.77%
Inventory $671.0M $701.0M
Prepaid Expenses
Receivables $820.0M $838.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.993B $1.862B
YoY Change 7.04% 35.22%
LONG-TERM ASSETS
Property, Plant & Equipment $304.0M $296.0M
YoY Change 2.7% 10.86%
Goodwill $2.612B $2.644B
YoY Change -1.21%
Intangibles $128.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $378.0M $214.0M
YoY Change 76.64% 664.29%
Total Long-Term Assets $3.294B $3.282B
YoY Change 0.37% 5.7%
TOTAL ASSETS
Total Short-Term Assets $1.993B $1.862B
Total Long-Term Assets $3.294B $3.282B
Total Assets $5.287B $5.144B
YoY Change 2.78% 14.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $906.0M $1.013B
YoY Change -10.56% 42.28%
Accrued Expenses $467.0M $524.0M
YoY Change -10.88% 43.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $382.0M $22.00M
YoY Change 1636.36%
Total Short-Term Liabilities $1.755B $1.559B
YoY Change 12.57% 37.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.149B $1.174B
YoY Change -2.13%
Other Long-Term Liabilities $270.0M $239.0M
YoY Change 12.97% -37.43%
Total Long-Term Liabilities $1.419B $1.413B
YoY Change 0.42% 269.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.755B $1.559B
Total Long-Term Liabilities $1.419B $1.413B
Total Liabilities $3.174B $2.972B
YoY Change 6.8% 57.0%
SHAREHOLDERS EQUITY
Retained Earnings $17.00M $50.00M
YoY Change -66.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.000M $2.000M
YoY Change 100.0%
Treasury Stock Shares
Shareholders Equity $1.521B $1.592B
YoY Change
Total Liabilities & Shareholders Equity $5.287B $5.144B
YoY Change 2.78% 14.77%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$21.00M $48.00M
YoY Change -143.75% 6.67%
Depreciation, Depletion And Amortization $21.00M $16.00M
YoY Change 31.25% -5.88%
Cash From Operating Activities -$74.00M -$10.00M
YoY Change 640.0% -107.94%
INVESTING ACTIVITIES
Capital Expenditures -$16.00M -$15.00M
YoY Change 6.67% -6.25%
Acquisitions $35.00M $6.000M
YoY Change 483.33%
Other Investing Activities -$35.00M -$6.000M
YoY Change 483.33% -185.71%
Cash From Investing Activities -$51.00M -$21.00M
YoY Change 142.86% 133.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $6.000M
YoY Change
Cash From Financing Activities 349.0M -23.00M
YoY Change -1617.39% -76.77%
NET CHANGE
Cash From Operating Activities -74.00M -10.00M
Cash From Investing Activities -51.00M -21.00M
Cash From Financing Activities 349.0M -23.00M
Net Change In Cash 216.0M -53.00M
YoY Change -507.55% -378.95%
FREE CASH FLOW
Cash From Operating Activities -$74.00M -$10.00M
Capital Expenditures -$16.00M -$15.00M
Free Cash Flow -$58.00M $5.000M
YoY Change -1260.0% -96.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssets
CY2019Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssets
CY2020Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:AccruedLiabilitiesCurrent
CY2019Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:AccruedLiabilitiesCurrent
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
895000000
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
884000000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
34000000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
85000000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-42000000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000
CY2020Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2019Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-25000000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84000000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122962000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122570000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123472000
CY2019Q4 us-gaap Inventory Net
InventoryNet
671000000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54000000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122000000
CY2019Q4 us-gaap Goodwill
Goodwill
2642000000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
385000000
CY2019Q4 us-gaap Assets
Assets
5128000000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
920000000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
22000000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
552000000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1494000000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1158000000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
280000000
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
123488000
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
122873000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
0
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1761000000
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3000000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38000000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-194000000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1602000000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5128000000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
48000000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-21000000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesNoncurrent
CY2019Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesNoncurrent
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M20D
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12000000
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3000000
CY2019Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
17000000
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6000000
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
72000000
CY2020Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-10000000
CY2019Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
16000000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1000000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
70000000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-80000000
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6000000
CY2020Q1 rezi Increase Decrease In Obligations Payable
IncreaseDecreaseInObligationsPayable
-2000000
CY2019Q1 rezi Increase Decrease In Obligations Payable
IncreaseDecreaseInObligationsPayable
-49000000
CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2000000
CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6000000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-74000000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10000000
CY2020Q1 rezi Payments To Acquire Property Plant Equipment And Other Intangibles
PaymentsToAcquirePropertyPlantEquipmentAndOtherIntangibles
16000000
CY2019Q1 rezi Payments To Acquire Property Plant Equipment And Other Intangibles
PaymentsToAcquirePropertyPlantEquipmentAndOtherIntangibles
15000000
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
35000000
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51000000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21000000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23000000
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1000000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53000000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
265000000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
338000000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
212000000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16000000
CY2020Q1 rezi Reimbursement Agreement Gain Expense
ReimbursementAgreementGainExpense
34000000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6000000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-66000000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-87000000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
338000000
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
820000000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
817000000
CY2020Q1 us-gaap Inventory Net
InventoryNet
671000000
CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
164000000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
175000000
CY2020Q1 us-gaap Assets Current
AssetsCurrent
1993000000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
1785000000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
304000000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
316000000
CY2020Q1 us-gaap Goodwill
Goodwill
2612000000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
378000000
CY2020Q1 us-gaap Assets
Assets
5287000000
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
906000000
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
382000000
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
467000000
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1755000000
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1149000000
CY2020Q1 rezi Obligations Payable To Honeywell
ObligationsPayableToHoneywell
592000000
CY2019Q4 rezi Obligations Payable To Honeywell
ObligationsPayableToHoneywell
594000000
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
270000000
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
123874000
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
123121000
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
0
CY2020Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1768000000
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
4000000
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17000000
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-260000000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1521000000
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5287000000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-21000000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000
CY2020Q1 rezi Repositioning Charges Net Of Payments
RepositioningChargesNetOfPayments
5000000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7000000
CY2020Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
17000000
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
350000000
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000000
CY2019Q1 rezi Non Operating Obligations Paid To Honeywell Net
NonOperatingObligationsPaidToHoneywellNet
15000000
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000000
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2000000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
349000000
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8000000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
216000000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122000000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1533000000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
48000000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000000
CY2019Q1 rezi Stock Issued During Period Value Net Of Shares With Held For Employee Taxes
StockIssuedDuringPeriodValueNetOfSharesWithHeldForEmployeeTaxes
-2000000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122962000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123472000
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1592000000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1602000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-21000000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-66000000
CY2020Q1 rezi Stock Issued During Period Value Net Of Shares With Held For Employee Taxes
StockIssuedDuringPeriodValueNetOfSharesWithHeldForEmployeeTaxes
-1000000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1521000000
CY2020Q1 rezi Date Of Business Spin Off
DateOfBusinessSpinOff
2018-10-29
CY2020Q1 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.
CY2020Q1 rezi Spin Off Transaction Record Date
SpinOffTransactionRecordDate
2018-10-16
CY2018Q4 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one share
CY2018Q4 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
six shares
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.98%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-weight:normal;font-style:normal;">—The preparation of the Company’s Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the Consolidated Financial Statements and related disclosures in the accompanying Notes to Consolidated Financial Statements. Actual results could differ from those estimates. Estimates and assumptions are periodically reviewed, and the effects of changes are reflected in the Consolidated Financial Statements in the period they are determined to be necessary. Estimates are used when accounting for stock-based compensation, pension benefits, contingent consideration, indemnification liabilities, goodwill and intangible assets and valuation allowances for receivables and inventory reserves, deferred tax assets, and the amounts of revenue and expenses reported during the period. The Company has used information available to identify potential impacts caused by the COVID-19 pandemic at March 31, 2020 in these estimates. </span></p>
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
48000000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122962000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122570000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
48000000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122962000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122570000
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
902000
CY2020Q1 rezi Treasury Shares Excluded From Loss Earnings Per Share Calculation
TreasurySharesExcludedFromLossEarningsPerShareCalculation
752.4
CY2019Q1 rezi Treasury Shares Excluded From Loss Earnings Per Share Calculation
TreasurySharesExcludedFromLossEarningsPerShareCalculation
552.0
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1179000000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1216000000
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
9000000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000000
CY2020Q1 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
1000000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000000
CY2020Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17000000
CY2020Q1 rezi Foreign Income Tax Expense Benefit Valuation Allowance
ForeignIncomeTaxExpenseBenefitValuationAllowance
15000000
CY2020Q1 rezi Cares Act Of2020 Estimated Tax Impact On Income Tax Expense Benefit
CARESActOf2020EstimatedTaxImpactOnIncomeTaxExpenseBenefit
2000000
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
155000000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
154000000
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18000000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18000000
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
569000000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
568000000
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
71000000
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
69000000
CY2020Q1 us-gaap Inventory Net
InventoryNet
671000000
CY2019Q4 us-gaap Inventory Net
InventoryNet
671000000
CY2020Q1 rezi Obligations Payable To Honeywell Current
ObligationsPayableToHoneywellCurrent
140000000
CY2019Q4 rezi Obligations Payable To Honeywell Current
ObligationsPayableToHoneywellCurrent
140000000
CY2020Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
40000000
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
66000000
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
49000000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
66000000
CY2020Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
35000000
CY2019Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
78000000
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
203000000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
202000000
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
467000000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
552000000
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
22000000
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
23000000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
1531000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1180000000
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
382000000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
22000000
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1149000000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1158000000
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
17000000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
14000000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
12000000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3000000
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3000000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
129000000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
137000000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32000000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
31000000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
105000000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
111000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
28000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
23000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
32000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
160000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23000000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
137000000
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0589
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
7000000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
9000000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5000000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12000000
CY2020Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
22000000
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
22000000
CY2020Q1 rezi Trademark License Agreement
TrademarkLicenseAgreement
P40Y
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25000000
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26000000
CY2020Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5000000
CY2019Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5000000
CY2020Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-3000000
CY2019Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1000000
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4000000
CY2019Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6000000
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23000000
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24000000
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1179000000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1216000000
CY2020Q1 rezi Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
99000000
CY2019Q1 rezi Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
127000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-21000000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
48000000
CY2020Q1 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-17000000
CY2019Q1 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-16000000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000000
CY2019Q1 rezi Reimbursement Agreement Gain Expense
ReimbursementAgreementGainExpense
-14000000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7000000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7000000
CY2020Q1 us-gaap Restructuring Costs
RestructuringCosts
9000000
CY2020Q1 rezi Other Spin Off Cost
OtherSpinOffCost
36000000
CY2019Q1 rezi Other Spin Off Cost
OtherSpinOffCost
18000000
CY2020Q1 rezi Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
99000000
CY2019Q1 rezi Segment Adjusted Earnings Before Interest Tax Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
127000000
CY2020Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2019Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
14000000
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9000000
CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1000000

Files In Submission

Name View Source Status
0001564590-20-022480-index-headers.html Edgar Link pending
0001564590-20-022480-index.html Edgar Link pending
0001564590-20-022480.txt Edgar Link pending
0001564590-20-022480-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gxe2tcbvtltn000001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rezi-10q_20200331.htm Edgar Link pending
rezi-10q_20200331_htm.xml Edgar Link completed
rezi-20200331.xsd Edgar Link pending
rezi-20200331_cal.xml Edgar Link unprocessable
rezi-20200331_def.xml Edgar Link unprocessable
rezi-20200331_lab.xml Edgar Link unprocessable
rezi-20200331_pre.xml Edgar Link unprocessable
rezi-ex104_1499.htm Edgar Link pending
rezi-ex105_893.htm Edgar Link pending
rezi-ex106_892.htm Edgar Link pending
rezi-ex107_891.htm Edgar Link pending
rezi-ex108_1076.htm Edgar Link pending
rezi-ex109_1077.htm Edgar Link pending
rezi-ex311_7.htm Edgar Link pending
rezi-ex312_12.htm Edgar Link pending
rezi-ex321_13.htm Edgar Link pending
rezi-ex322_8.htm Edgar Link pending
Show.js Edgar Link pending