2024 Q2 Form 10-Q Financial Statement
#000174033224000045 Filed on May 02, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
Revenue | $1.589B | $1.486B | $1.549B |
YoY Change | 2.58% | 2.86% | |
Cost Of Revenue | $1.142B | $1.086B | $1.129B |
YoY Change | 1.15% | 5.32% | |
Gross Profit | $447.0M | $400.0M | $420.0M |
YoY Change | 6.43% | -3.23% | |
Gross Profit Margin | 28.13% | 26.92% | 27.11% |
Selling, General & Admin | $280.0M | $231.0M | $244.0M |
YoY Change | 14.75% | 2.52% | |
% of Gross Profit | 62.64% | 57.75% | 58.1% |
Research & Development | $21.00M | $25.00M | $27.00M |
YoY Change | -22.22% | 12.5% | |
% of Gross Profit | 4.7% | 6.25% | 6.43% |
Depreciation & Amortization | $28.00M | $24.00M | $24.00M |
YoY Change | 16.67% | 20.0% | |
% of Gross Profit | 6.26% | 6.0% | 5.71% |
Operating Expenses | $325.0M | $272.0M | $271.0M |
YoY Change | 19.93% | 3.44% | |
Operating Profit | $122.0M | $128.0M | $138.0M |
YoY Change | -11.59% | -19.77% | |
Interest Expense | -$15.00M | -$13.00M | -$18.00M |
YoY Change | -16.67% | -263.64% | |
% of Operating Profit | -12.3% | -10.16% | -13.04% |
Other Income/Expense, Net | -$48.00M | -$42.00M | -$39.00M |
YoY Change | 23.08% | -2.5% | |
Pretax Income | $59.00M | $73.00M | $81.00M |
YoY Change | -27.16% | -33.06% | |
Income Tax | $29.00M | $30.00M | $24.00M |
% Of Pretax Income | 49.15% | 41.1% | 29.63% |
Net Earnings | $30.00M | $43.00M | $57.00M |
YoY Change | -47.37% | -34.48% | |
Net Earnings / Revenue | 1.89% | 2.89% | 3.68% |
Basic Earnings Per Share | $0.19 | $0.29 | $0.39 |
Diluted Earnings Per Share | $0.19 | $0.29 | $0.38 |
COMMON SHARES | |||
Basic Shares Outstanding | 146.0M shares | 145.3M shares | 147.0M shares |
Diluted Shares Outstanding | 149.0M shares | 148.0M shares | 149.0M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $413.0M | $603.0M | $292.0M |
YoY Change | 41.44% | 19.67% | |
Cash & Equivalents | $413.0M | $603.0M | $292.0M |
Short-Term Investments | |||
Other Short-Term Assets | $212.0M | $212.0M | $210.0M |
YoY Change | 0.95% | 27.27% | |
Inventory | $1.188B | $929.0M | $1.008B |
Prepaid Expenses | |||
Receivables | $1.071B | $933.0M | $985.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.884B | $2.677B | $2.495B |
YoY Change | 15.59% | 6.67% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $424.0M | $369.0M | $379.0M |
YoY Change | 11.87% | 8.29% | |
Goodwill | $3.079B | $2.689B | $2.736B |
YoY Change | 12.54% | -12.45% | |
Intangibles | $1.218B | $456.0M | $471.0M |
YoY Change | 158.6% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $379.0M | $329.0M | $318.0M |
YoY Change | 19.18% | -26.22% | |
Total Long-Term Assets | $5.100B | $3.843B | $3.904B |
YoY Change | 30.64% | -0.05% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.884B | $2.677B | $2.495B |
Total Long-Term Assets | $5.100B | $3.843B | $3.904B |
Total Assets | $7.984B | $6.520B | $6.399B |
YoY Change | 24.77% | 2.47% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $980.0M | $858.0M | $894.0M |
YoY Change | 9.62% | -6.68% | |
Accrued Expenses | $602.0M | $515.0M | $563.0M |
YoY Change | 6.93% | -2.26% | |
Deferred Revenue | $28.00M | $65.00M | $75.00M |
YoY Change | -62.67% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $12.00M | $12.00M | $12.00M |
YoY Change | 0.0% | 0.0% | |
Total Short-Term Liabilities | $1.594B | $1.385B | $1.469B |
YoY Change | 8.51% | -4.98% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.979B | $1.394B | $1.402B |
YoY Change | 41.16% | -0.71% | |
Other Long-Term Liabilities | $492.0M | $355.0M | $340.0M |
YoY Change | 44.71% | 1.8% | |
Total Long-Term Liabilities | $2.471B | $1.749B | $1.742B |
YoY Change | 41.85% | -0.23% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.594B | $1.385B | $1.469B |
Total Long-Term Liabilities | $2.471B | $1.749B | $1.742B |
Total Liabilities | $4.690B | $3.751B | $3.795B |
YoY Change | 23.58% | 15.28% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $881.0M | $853.0M | $657.0M |
YoY Change | 34.09% | 62.62% | |
Common Stock | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $103.0M | $101.0M | $44.00M |
YoY Change | 134.09% | 62.96% | |
Treasury Stock Shares | |||
Shareholders Equity | $3.294B | $2.769B | $2.604B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.984B | $6.520B | $6.399B |
YoY Change | 24.77% | 2.47% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $30.00M | $43.00M | $57.00M |
YoY Change | -47.37% | -34.48% | |
Depreciation, Depletion And Amortization | $28.00M | $24.00M | $24.00M |
YoY Change | 16.67% | 20.0% | |
Cash From Operating Activities | $92.00M | $2.000M | -$4.000M |
YoY Change | -2400.0% | -93.22% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $15.00M | $21.00M | $20.00M |
YoY Change | -25.0% | -205.26% | |
Acquisitions | $0.00 | $6.000M | |
YoY Change | -99.05% | ||
Other Investing Activities | -$1.327B | $1.000M | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$1.342B | -$22.00M | -$26.00M |
YoY Change | 5061.54% | -96.09% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $3.000M | $3.000M | |
YoY Change | 0.0% | ||
Cash From Financing Activities | 1.060B | -$8.000M | -$9.000M |
YoY Change | -11877.78% | -104.76% | |
NET CHANGE | |||
Cash From Operating Activities | 92.00M | $2.000M | -$4.000M |
Cash From Investing Activities | -1.342B | -$22.00M | -$26.00M |
Cash From Financing Activities | 1.060B | -$8.000M | -$9.000M |
Net Change In Cash | -190.0M | -$33.00M | -$33.00M |
YoY Change | 475.76% | -93.83% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $92.00M | $2.000M | -$4.000M |
Capital Expenditures | $15.00M | $21.00M | $20.00M |
Free Cash Flow | $77.00M | -$19.00M | -$24.00M |
YoY Change | -420.83% | -40.0% |
Facts In Submission
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---|---|---|---|---|
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http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent | |
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Derivative Asset Current Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2023#OtherAssetsCurrent | |
CY2024Q1 | us-gaap |
Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
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http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent | |
CY2024Q1 | us-gaap |
Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold | |
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CY2023Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-86000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
0 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
11000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2000000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4000000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
21000000 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20000000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
6000000 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1000000 | usd |
CY2023Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22000000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-26000000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1000000 | usd |
CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2024Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
3000000 | usd |
CY2023Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
3000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-4000000 | usd |
CY2023Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8000000 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9000000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-5000000 | usd |
CY2023Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-33000000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-33000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
637000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
329000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
604000000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
296000000 | usd |
CY2024Q1 | rezi |
Interest Paid Excluding Capitalized Interest Operating Activities Net Of Swaps
InterestPaidExcludingCapitalizedInterestOperatingActivitiesNetOfSwaps
|
22000000 | usd |
CY2023Q2 | rezi |
Interest Paid Excluding Capitalized Interest Operating Activities Net Of Swaps
InterestPaidExcludingCapitalizedInterestOperatingActivitiesNetOfSwaps
|
27000000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
28000000 | usd |
CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19000000 | usd |
CY2024Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
11000000 | usd |
CY2023Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
15000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2749000000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
43000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-32000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
7000000 | usd |
CY2023Q2 | us-gaap |
Restructuring Costs
RestructuringCosts
|
2000000 | usd |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
30000000 | usd |
CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
27000000 | usd |
CY2024Q1 | rezi |
Stock Issued During Period Value Net Of Shares Withheld For Employee Taxes
StockIssuedDuringPeriodValueNetOfSharesWithheldForEmployeeTaxes
|
-4000000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
14000000 | usd |
CY2024Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2769000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2529000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
12000000 | usd |
CY2023Q2 | rezi |
Stock Issued During Period Value Net Of Shares Withheld For Employee Taxes
StockIssuedDuringPeriodValueNetOfSharesWithheldForEmployeeTaxes
|
-6000000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12000000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2604000000 | usd |
CY2024Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the purpose of comparability, certain prior period amounts have been reclassified to conform to current period classification. Refer to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 4. Segment Financial Data</span> for additional information on reclassified corporate expenses to the segments. | |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
38000000 | usd |
CY2024Q1 | rezi |
Liabilities Held For Sale Not Part Of Disposal Group Current
LiabilitiesHeldForSaleNotPartOfDisposalGroupCurrent
|
18000000 | usd |
CY2023Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
0 | usd |
CY2023Q4 | rezi |
Liabilities Held For Sale Not Part Of Disposal Group Current
LiabilitiesHeldForSaleNotPartOfDisposalGroupCurrent
|
0 | usd |
CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2024Q1 | rezi |
Number Of Homes
NumberOfHomes
|
150000000 | home |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1486000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1549000000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
128000000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
138000000 | usd |
CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1486000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1549000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
7000000 | usd |
CY2023Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
34000000 | usd |
CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
11000000 | usd |
CY2023Q2 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
31000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
26000000 | usd |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
30000000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
19500000 | shares |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
14000000 | usd |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
12000000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
2705000000 | usd |
CY2024Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
16000000 | usd |
CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
2689000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
276000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
281000000 | usd |
CY2024Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
180000000 | usd |
CY2023Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
180000000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
456000000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
461000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
586000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
310000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
276000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
585000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
304000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
281000000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
19000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
19000000 | usd |
CY2024Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
3000000 | usd |
CY2023Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
6000000 | usd |
CY2023Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
6000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
183000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
192000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
38000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
39000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
159000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
166000000 | usd |
CY2024Q1 | rezi |
Freight Payable
FreightPayable
|
25000000 | usd |
CY2023Q4 | rezi |
Freight Payable
FreightPayable
|
25000000 | usd |
CY2024Q1 | us-gaap |
Customer Refund Liability Current
CustomerRefundLiabilityCurrent
|
21000000 | usd |
CY2023Q4 | us-gaap |
Customer Refund Liability Current
CustomerRefundLiabilityCurrent
|
24000000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
100000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
9000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
9000000 | usd |
CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
6000000 | usd |
CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
7000000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1417000000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1419000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
12000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
12000000 | usd |
CY2024Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
11000000 | usd |
CY2023Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
11000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1394000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1396000000 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
30000000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
30000000 | usd |
CY2024Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
21000000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
103000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1417000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
1388000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1419000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
1388000000 | usd |
CY2024Q1 | rezi |
Obligations Payable Under Indemnification Agreements Current
ObligationsPayableUnderIndemnificationAgreementsCurrent
|
140000000 | usd |
CY2023Q4 | rezi |
Obligations Payable Under Indemnification Agreements Current
ObligationsPayableUnderIndemnificationAgreementsCurrent
|
140000000 | usd |
CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
71000000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
110000000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
65000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
104000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
38000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
39000000 | usd |
CY2024Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
29000000 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
34000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
26000000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
515000000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
608000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
22000000 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
22000000 | usd |
CY2023Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
34000000 | usd |
CY2022Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
48000000 | usd |
CY2024Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
4000000 | usd |
CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
24000000 | usd |
CY2024Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
8000000 | usd |
CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
38000000 | usd |
CY2024Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
30000000 | usd |
CY2023Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
34000000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000000 | usd |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24000000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
43000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57000000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
146000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
147000000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2000000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
149000000 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.39 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.38 | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |