$RRX
REGAL REXNORD CORP

2023 Q2 Form 10-Q Financial Statement

#000008281123000092 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $1.769B $1.224B $1.217B
YoY Change 31.07% 0.62% 55.87%
Cost Of Revenue $1.193B $826.0M $876.6M
YoY Change 30.3% -5.77% 56.01%
Gross Profit $575.2M $398.1M $421.9M
YoY Change 32.69% -5.64% 93.0%
Gross Profit Margin 32.52% 32.52% 34.68%
Selling, General & Admin $252.0M
YoY Change
% of Gross Profit 59.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $137.0M $76.50M $77.90M
YoY Change 74.74% -1.8% 138.96%
% of Gross Profit 23.82% 19.22% 18.46%
Operating Expenses $409.6M $329.2M $252.0M
YoY Change 71.67% 30.63% 101.6%
Operating Profit $165.6M $68.90M $169.9M
YoY Change -15.03% -59.45% 81.52%
Interest Expense -$111.3M $95.40M $9.000M
YoY Change -930.6% 960.0% -238.46%
% of Operating Profit -67.21% 138.46% 5.3%
Other Income/Expense, Net $2.800M $1.400M $1.300M
YoY Change 86.67% 7.69% 18.18%
Pretax Income $43.10M $6.800M $163.3M
YoY Change -76.55% -95.84% 137.35%
Income Tax $9.900M $12.30M $36.20M
% Of Pretax Income 22.97% 180.88% 22.17%
Net Earnings $32.10M -$5.900M $125.6M
YoY Change -77.39% -104.7% 149.21%
Net Earnings / Revenue 1.81% -0.48% 10.32%
Basic Earnings Per Share $0.48 -$0.09 $1.86
Diluted Earnings Per Share $0.48 -$0.09 $1.85
COMMON SHARES
Basic Shares Outstanding 66.28M shares 66.23M shares 67.40M shares
Diluted Shares Outstanding 66.60M shares 66.60M shares 67.90M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $659.6M $1.143B $672.8M
YoY Change -6.11% 69.93% 10.06%
Cash & Equivalents $659.6M $1.143B $672.8M
Short-Term Investments
Other Short-Term Assets $225.4M $205.0M $157.6M
YoY Change 48.48% 30.08% 33.9%
Inventory $1.576B $1.733B $1.192B
Prepaid Expenses
Receivables $1.014B $1.028B $785.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.475B $4.109B $2.809B
YoY Change 12.19% 46.3% 51.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.393B $12.44B $1.021B
YoY Change 48.74% 1118.37% 62.33%
Goodwill $6.619B $6.527B $4.039B
YoY Change 64.4% 61.58% 166.05%
Intangibles $4.240B $4.415B $2.429B
YoY Change 82.23% 81.73% 358.08%
Long-Term Investments
YoY Change
Other Assets $131.4M $75.70M $33.80M
YoY Change 261.98% 123.96% 106.1%
Total Long-Term Assets $12.38B $12.44B $7.559B
YoY Change 68.22% 64.55% 176.1%
TOTAL ASSETS
Total Short-Term Assets $3.475B $4.109B $2.809B
Total Long-Term Assets $12.38B $12.44B $7.559B
Total Assets $15.86B $16.55B $10.37B
YoY Change 51.63% 59.61% 125.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $678.5M $666.7M $643.8M
YoY Change 3.94% 3.56% 78.78%
Accrued Expenses $606.8M $664.9M $424.3M
YoY Change 46.53% 56.71% 94.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $72.60M $74.20M $4.900M
YoY Change 137.25% 1414.29% -97.88%
Total Short-Term Liabilities $1.381B $1.406B $1.095B
YoY Change 23.22% 28.35% 33.25%
LONG-TERM LIABILITIES
Long-Term Debt $6.610B $7.211B $1.914B
YoY Change 209.95% 276.81% 127.7%
Other Long-Term Liabilities $346.9M $84.90M $69.40M
YoY Change 356.45% 22.33% 30.94%
Total Long-Term Liabilities $6.957B $7.296B $1.983B
YoY Change 214.99% 267.9% 121.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.381B $1.406B $1.095B
Total Long-Term Liabilities $6.957B $7.296B $1.983B
Total Liabilities $9.448B $8.701B $3.078B
YoY Change 183.77% 182.67% 79.45%
SHAREHOLDERS EQUITY
Retained Earnings $2.110B $2.101B $1.913B
YoY Change 5.67% 9.85% -4.88%
Common Stock $4.627B $4.620B $4.653B
YoY Change 0.32% -0.7% 567.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.410B $6.421B $6.370B
YoY Change
Total Liabilities & Shareholders Equity $15.86B $16.55B $10.37B
YoY Change 51.63% 59.61% 125.92%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $32.10M -$5.900M $125.6M
YoY Change -77.39% -104.7% 149.21%
Depreciation, Depletion And Amortization $137.0M $76.50M $77.90M
YoY Change 74.74% -1.8% 138.96%
Cash From Operating Activities $221.1M $106.2M -$5.900M
YoY Change 99.55% -1900.0% -104.7%
INVESTING ACTIVITIES
Capital Expenditures $44.80M $18.70M $13.40M
YoY Change 133.33% 39.55% -175.28%
Acquisitions $4.853B $35.00M
YoY Change 13765.43%
Other Investing Activities -$17.30M -$4.847B -$121.2M
YoY Change -521.95% 3899.01% -4761.54%
Cash From Investing Activities -$62.10M -$4.866B -$47.00M
YoY Change 311.26% 10252.13% 209.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $114.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -638.5M $5.204B $3.700M
YoY Change -9923.08% 140537.84% -129.84%
NET CHANGE
Cash From Operating Activities 221.1M $106.2M -$5.900M
Cash From Investing Activities -62.10M -$4.866B -$47.00M
Cash From Financing Activities -638.5M $5.204B $3.700M
Net Change In Cash -479.5M $454.8M -$48.10M
YoY Change -569.18% -1045.53% -149.13%
FREE CASH FLOW
Cash From Operating Activities $221.1M $106.2M -$5.900M
Capital Expenditures $44.80M $18.70M $13.40M
Free Cash Flow $176.3M $87.50M -$19.30M
YoY Change 92.47% -553.37% -113.47%

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CY2022Q4 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Minority Interest
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CY2022Q4 us-gaap Minority Interest
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6455700000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6422600000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11100000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6000000.0 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6455700000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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19900000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q1 us-gaap Stock Repurchased During Period Value
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6300000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Depreciation
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CY2022Q1 us-gaap Depreciation
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30600000 usd
CY2023Q1 us-gaap Other Amortization Of Deferred Charges
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46300000 usd
CY2022Q1 us-gaap Other Amortization Of Deferred Charges
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CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2022Q1 us-gaap Operating Lease Expense
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
21700000 usd
CY2022Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Amortization Of Financing Costs
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CY2022Q1 us-gaap Amortization Of Financing Costs
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CY2023Q1 us-gaap Other Noncash Income Expense
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CY2022Q1 us-gaap Other Noncash Income Expense
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CY2023Q1 us-gaap Increase Decrease In Receivables
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CY2022Q1 us-gaap Increase Decrease In Receivables
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CY2023Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
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CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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106200000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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18700000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6100000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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4852900000 usd
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
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CY2022Q1 us-gaap Proceeds From Long Term Lines Of Credit
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CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
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CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
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CY2023Q1 us-gaap Proceeds From Short Term Debt
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14100000 usd
CY2022Q1 us-gaap Proceeds From Short Term Debt
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5100000 usd
CY2023Q1 us-gaap Repayments Of Short Term Debt
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15900000 usd
CY2022Q1 us-gaap Repayments Of Short Term Debt
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7000000.0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
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5532900000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2023Q1 us-gaap Repayments Of Other Long Term Debt
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CY2022Q1 us-gaap Repayments Of Other Long Term Debt
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CY2023Q1 us-gaap Payments Of Dividends Common Stock
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23200000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
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22300000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
900000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
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1800000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2023Q1 us-gaap Payments Of Financing Costs
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CY2022Q1 us-gaap Payments Of Financing Costs
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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454800000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
624700000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
75100000 usd
CY2022Q1 us-gaap Interest Paid Net
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CY2023Q1 us-gaap Income Taxes Paid Net
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CY2022Q1 us-gaap Income Taxes Paid Net
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18800000 usd
CY2023Q1 us-gaap Number Of Operating Segments
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CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsCertain prior year amounts have been reclassified in the Condensed Consolidated Statements of Cash Flows to conform to the presentation used for the three months ended March 31, 2023.
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1214700000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
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CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1224100000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1298500000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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2051900000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
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809400000 usd
CY2023Q1 rbc Supplier Finance Program Obligation
SupplierFinanceProgramObligation
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CY2022Q4 rbc Supplier Finance Program Obligation
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CY2023Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
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CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2023Q1 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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CY2023Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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300000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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51900000 usd
CY2022Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
33600000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2022Q1 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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7800000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19500000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
4018800000 usd
CY2023Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
8600000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
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CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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328700000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
787100000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4414700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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2960300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
730400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2229900000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46300000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
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47300000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
356000000.0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
354000000.0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
350500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
349800000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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349800000 usd
CY2023Q1 us-gaap Number Of Operating Segments
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CY2023Q1 us-gaap Number Of Operating Segments
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1224100000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1224100000 usd
CY2023Q1 us-gaap Gross Profit
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CY2023Q1 us-gaap Costs And Expenses
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CY2023Q1 us-gaap Operating Expenses
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329200000 usd
CY2023Q1 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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76500000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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18700000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1298500000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1298500000 usd
CY2022Q1 us-gaap Gross Profit
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421900000 usd
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
252000000.0 usd
CY2022Q1 us-gaap Operating Expenses
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CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
169900000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
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77900000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Assets
Assets
16547400000 usd
CY2022Q4 us-gaap Assets
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
56800000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
73400000 usd
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
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CY2022Q4 us-gaap Unamortized Debt Issuance Expense
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CY2023Q1 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q1 us-gaap Long Term Debt Current
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74200000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33800000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
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7210600000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1926600000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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73700000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1191600000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2289400000 usd
CY2023Q1 rbc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3661200000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
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7346100000 usd
CY2023Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
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CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Interest Cost
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5600000 usd
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3600000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6700000 usd
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5100000 usd
CY2023Q1 rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
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CY2022Q1 rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
200000 usd
CY2023Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21700000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6300000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21700000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
15700000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1400000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1200000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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100000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67400000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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400000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67900000 shares
CY2023Q1 rbc Number Of Subsidiaries Involved In Litigation
NumberOfSubsidiariesInvolvedInLitigation
1 subsidiary
CY2023Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
900000000 usd
CY2022 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023Q1 us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
350 claimant
CY2023Q1 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023Q1 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023Q1 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28800000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23000000.0 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3300000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5600000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6200000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6000000.0 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
9800000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
41500000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23400000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
16400000 usd
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
11900000 usd
CY2023Q1 us-gaap Debt Securities Held To Maturity Derivative Cumulative Gain Loss
DebtSecuritiesHeldToMaturityDerivativeCumulativeGainLoss
35400000 usd
CY2023Q1 rbc Net Current Deferred Gains Losses Expected To Be Realized
NetCurrentDeferredGainsLossesExpectedToBeRealized
24200000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
5000000.0 usd
CY2023Q1 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
200000 usd
CY2022Q1 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
0 usd
CY2023Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
5000000.0 usd
CY2022Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
16800000 usd
CY2023Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
10200000 usd
CY2022Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
7300000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
10100000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
14500000 usd
CY2023Q1 us-gaap Restructuring Costs
RestructuringCosts
5000000.0 usd
CY2022Q1 us-gaap Restructuring Costs
RestructuringCosts
16800000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
5000000.0 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
16800000 usd
CY2023Q1 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
60000000 usd

Files In Submission

Name View Source Status
rbc-20230331_cal.xml Edgar Link unprocessable
rbc-20230331_def.xml Edgar Link unprocessable
0000082811-23-000092-index-headers.html Edgar Link pending
0000082811-23-000092-index.html Edgar Link pending
0000082811-23-000092.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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rbc-20230331.xsd Edgar Link pending
rbc-20230331_lab.xml Edgar Link unprocessable
rbc-20230331_htm.xml Edgar Link completed
report.css Edgar Link pending
rrx-2023331xex311.htm Edgar Link pending
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rbc-20230331_pre.xml Edgar Link unprocessable