2024 Q1 Form 10-K Financial Statement

#000008281124000035 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.548B $1.608B $6.251B
YoY Change 26.44% 29.2% 64.05%
Cost Of Revenue $994.6M $1.045B $4.183B
YoY Change 20.41% 25.74% 53.54%
Gross Profit $553.1M $563.2M $2.067B
YoY Change 38.93% 36.17% 90.41%
Gross Profit Margin 35.74% 35.02% 33.07%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $171.0M
YoY Change 129.53%
% of Gross Profit 8.27%
Depreciation & Amortization $128.2M $138.4M $492.8M
YoY Change 67.58% 79.74% 188.86%
% of Gross Profit 23.18% 24.57% 23.84%
Operating Expenses $397.7M $409.5M $1.537B
YoY Change 20.81% 63.21% 115.11%
Operating Profit $133.9M $153.7M $529.9M
YoY Change 94.34% -5.53% 59.42%
Interest Expense $105.4M -$104.6M -$387.4M
YoY Change 10.48% 152.66% -741.39%
% of Operating Profit 78.72% -68.05% -73.11%
Other Income/Expense, Net -$300.0K $2.000M $8.700M
YoY Change -121.43% 53.85% 67.31%
Pretax Income $31.30M $74.40M -$1.600M
YoY Change 360.29% -33.33% -100.56%
Income Tax $10.90M $17.80M $52.70M
% Of Pretax Income 34.82% 23.92%
Net Earnings $19.80M $55.90M -$57.40M
YoY Change -435.59% -44.93% -127.35%
Net Earnings / Revenue 1.28% 3.48% -0.92%
Basic Earnings Per Share $0.30 -$0.87
Diluted Earnings Per Share $0.30 $0.84 -$0.87
COMMON SHARES
Basic Shares Outstanding 66.42M shares 66.35M shares 66.30M shares
Diluted Shares Outstanding 66.80M shares 66.30M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $465.3M $574.0M $574.0M
YoY Change -59.3% -16.63% -14.68%
Cash & Equivalents $465.3M $574.0M $574.0M
Short-Term Investments
Other Short-Term Assets $653.1M $614.2M $614.2M
YoY Change 218.59% 245.64% 289.72%
Inventory $1.319B $1.274B $1.274B
Prepaid Expenses
Receivables $828.1M $921.6M $921.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.266B $3.384B $3.384B
YoY Change -20.53% 12.78% 20.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.160B $1.214B $1.214B
YoY Change -90.67% 32.26% 18.91%
Goodwill $6.506B $6.553B
YoY Change -0.31% 63.06%
Intangibles $3.966B $4.083B
YoY Change -10.17% 83.12%
Long-Term Investments
YoY Change
Other Assets $70.70M $196.9M $196.9M
YoY Change -6.61% 240.07% 183.31%
Total Long-Term Assets $11.81B $12.05B $12.05B
YoY Change -5.07% 65.75% 59.38%
TOTAL ASSETS
Total Short-Term Assets $3.266B $3.384B $3.384B
Total Long-Term Assets $11.81B $12.05B $12.05B
Total Assets $15.07B $15.43B $15.43B
YoY Change -8.91% 50.27% 48.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $566.1M $549.4M $549.4M
YoY Change -15.09% 10.39% -14.66%
Accrued Expenses $565.3M $646.2M $646.2M
YoY Change -14.98% 44.4% 52.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.900M $3.900M $3.900M
YoY Change -94.74% -88.46% -20.41%
Total Short-Term Liabilities $1.249B $1.326B $1.326B
YoY Change -11.19% 32.35% 21.1%
LONG-TERM LIABILITIES
Long-Term Debt $6.242B $6.377B $6.377B
YoY Change -13.43% 220.5% 233.25%
Other Long-Term Liabilities $76.90M $350.2M $350.2M
YoY Change -9.42% 355.99% 29.42%
Total Long-Term Liabilities $6.319B $6.727B $6.727B
YoY Change -13.39% 225.54% 207.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.249B $1.326B $1.326B
Total Long-Term Liabilities $6.319B $6.727B $6.727B
Total Liabilities $7.567B $9.087B $9.087B
YoY Change -13.03% 196.12% 127.33%
SHAREHOLDERS EQUITY
Retained Earnings $1.976B $1.980B
YoY Change -5.93% -7.05%
Common Stock $4.648B $4.647B
YoY Change 0.61% 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.255B $6.344B $6.344B
YoY Change
Total Liabilities & Shareholders Equity $15.07B $15.43B $15.43B
YoY Change -8.91% 50.27% 48.85%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $19.80M $55.90M -$57.40M
YoY Change -435.59% -44.93% -127.35%
Depreciation, Depletion And Amortization $128.2M $138.4M $492.8M
YoY Change 67.58% 79.74% 188.86%
Cash From Operating Activities $83.10M $201.3M $715.3M
YoY Change -21.75% 1.56% 99.97%
INVESTING ACTIVITIES
Capital Expenditures $18.50M $30.40M $119.1M
YoY Change -1.07% 4.11% 118.53%
Acquisitions $0.00 $4.870B
YoY Change -100.0% 3780.64%
Other Investing Activities $1.000M $0.00 -$4.864B
YoY Change -100.02% 3913.12%
Cash From Investing Activities -$17.50M -$30.40M -$4.983B
YoY Change -99.64% 4.11% 2736.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.300M
YoY Change -87.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$168.0M -151.1M 4.204B
YoY Change -103.23% -35.09% -3674.49%
NET CHANGE
Cash From Operating Activities $83.10M 201.3M 715.3M
Cash From Investing Activities -$17.50M -30.40M -4.983B
Cash From Financing Activities -$168.0M -151.1M 4.204B
Net Change In Cash -$112.9M 19.80M -64.10M
YoY Change -124.82% -131.03% -204.23%
FREE CASH FLOW
Cash From Operating Activities $83.10M $201.3M $715.3M
Capital Expenditures $18.50M $30.40M $119.1M
Free Cash Flow $64.60M $170.9M $596.2M
YoY Change -26.17% 1.12% 96.64%

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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Nature of Operations<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Regal Rexnord Corporation (the “Company”) is a United States-based multi-national corporation. The Company is a global leader in the engineering and manufacturing of factory automation sub-systems, industrial powertrain solutions, automation and mechanical power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems, serving customers around the world. The Company operates through its four segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation &amp; Motion Control and Industrial Systems. See Note 6 - Segment Information.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 23, 2023, the Company signed an agreement to sell its industrial motors and generators businesses, which represent the majority of the Industrial Systems operating segment, for total consideration of $400 million plus cash transferred at close, subject to working capital and other customary purchase price adjustments. This transaction is expected to close in the first half of 2024. The assets and liabilities related to these businesses have been reclassified to Assets Held for Sale, Noncurrent Assets Held for Sale, Liabilities Held for Sale and Noncurrent Liabilities Held for Sale on the Company's Consolidated Balance Sheet as of December 31, 2023. The sale of the industrial motors and generators businesses does not represent a strategic shift that will have a major effect on the Company's operations and financial results and, therefore, did not qualify for presentation as discontinued operations. See Note 4 - Held for Sale, Acquisitions and Divestitures.</span></div>
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CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company uses estimates in accounting for, among other items, allowance for credit losses; excess and obsolete inventory; share-based compensation; acquisitions; product warranty obligations; pension and post-retirement assets and liabilities; derivative fair values; goodwill and other asset impairments; health care reserves; rebates and incentives; litigation claims and contingencies, including environmental matters; and income taxes. The Company accounts for changes to estimates and assumptions when warranted by factually based experience.</span></div>
CY2023 us-gaap Number Of Operating Segments
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CY2022 us-gaap Research And Development Expense
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CY2023 us-gaap Concentration Risk Credit Risk
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CY2023Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2023 rbc Lessee Operating Lease Number Of Options To Renew
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CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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33700000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3200000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3200000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1300000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3700000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3800000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1100000 usd
CY2023 us-gaap Lease Cost
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63000000.0 usd
CY2022 us-gaap Lease Cost
LeaseCost
47700000 usd
CY2022 us-gaap Lease Cost
LeaseCost
36100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
48000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
7100000 usd
CY2023Q4 rbc Lessee Liability Payments Due Year One
LesseeLiabilityPaymentsDueYearOne
55100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40800000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7200000 usd
CY2023Q4 rbc Lessee Liability Payments Due Year Two
LesseeLiabilityPaymentsDueYearTwo
48000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34400000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
7200000 usd
CY2023Q4 rbc Lessee Liability Payments Due Year Three
LesseeLiabilityPaymentsDueYearThree
41600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
26300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
7300000 usd
CY2023Q4 rbc Lessee Liability Payments Due Year Four
LesseeLiabilityPaymentsDueYearFour
33600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6800000 usd
CY2023Q4 rbc Lessee Liability Payments Due Year Five
LesseeLiabilityPaymentsDueYearFive
24300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
81500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
69000000.0 usd
CY2023Q4 rbc Lessee Liability Payments Dueafter Year Five
LesseeLiabilityPaymentsDueafterYearFive
150500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
248500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
104600000 usd
CY2023Q4 rbc Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
353100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
79100000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
34100000 usd
CY2023Q4 rbc Lessee Liability Undiscounted Excess Amount
LesseeLiabilityUndiscountedExcessAmount
113200000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
169400000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
70500000 usd
CY2023Q4 rbc Lease Liability
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239900000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
56200000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
38400000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
32600000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3700000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3800000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1100000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3300000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2900000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
600000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
73800000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
115700000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31400000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
65400000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P16Y1M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P17Y
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P17Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
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0 shares
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1698227 shares
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
140.89
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
239200000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
156184 shares
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
165.05
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
25800000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
58200000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
22500000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
24900000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10500000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5400000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6000000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
35400000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
25600000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
26100000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
37000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-389500000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
221200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
61700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
387900000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
392600000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
248800000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1600000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
613800000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
310500000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
39600000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
101600000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18200000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6400000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10200000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10600000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
122000000.0 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
87200000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54600000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
168000000.0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
199000000.0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
83400000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-84300000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6700000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9400000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-12100000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000.0 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-21600000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-17300000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-13400000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-115300000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-80100000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8700000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52700000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118900000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74700000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.4
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
128.9
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
65.2
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-8.6
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
3.2
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7600000 usd
CY2023Q4 rbc Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
67400000 usd
CY2022Q4 rbc Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
47100000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
2.6
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
35.0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
8.4
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-10.8
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-1.4
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.4
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
8.7
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
9.7
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
8.4
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
4.3
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.2
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.4
CY2023 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
25.8
CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
7.2
CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.8
CY2023 rbc Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
6.9
CY2022 rbc Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
0
CY2022 rbc Effective Income Tax Rate Reconciliation Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationTransactionCostsPercent
6.3
CY2023 rbc Effective Income Tax Rate Reconciliation Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationForeignEarningsPercent
14.2
CY2022 rbc Effective Income Tax Rate Reconciliation Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationForeignEarningsPercent
6.7
CY2022 rbc Effective Income Tax Rate Reconciliation Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationForeignEarningsPercent
3.9
CY2023 rbc Effective Income Tax Rate Reconciliation Deferred Tax Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxRemeasurementPercent
3.4
CY2022 rbc Effective Income Tax Rate Reconciliation Deferred Tax Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxRemeasurementPercent
-2.4
CY2022 rbc Effective Income Tax Rate Reconciliation Deferred Tax Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxRemeasurementPercent
0.7
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-8.4
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-13.8
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-3.8
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
52.7
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
118.9
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
74.7
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
978900000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
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-4600000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
547900000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
65400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
52100000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
7900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
7200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
6200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
8600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
16100000 usd
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
43700000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
20400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
32300000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
21800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
249800000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
162400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11000000.0 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
238800000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
157200000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
92500000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
57900000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1026600000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
585500000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
29900000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
11600000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
8300000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
5600000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
5400000 usd
CY2023Q4 rbc Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
60400000 usd
CY2022Q4 rbc Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
39100000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1217700000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
705100000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
978900000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
547900000 usd
CY2021Q1 us-gaap Unrecognized Tax Benefits
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6800000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
100000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
600000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
5300000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000.0 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8800000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
600000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000.0 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5700000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
3800000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1300000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8500000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8500000 usd
CY2023 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-100000 usd
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-100000 usd
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-1400000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1100000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1200000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1300000 usd
CY2023Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
1900000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16100000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7600000 usd
CY2023 rbc Deferred Tax Assets Operating Loss Carryforwards Expiration Period
DeferredTaxAssetsOperatingLossCarryforwardsExpirationPeriod
P15Y
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5200000 usd
CY2023 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
3400000 usd
CY2022 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
4300000 usd
CY2023Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
160000000 usd
CY2023Q4 rbc Deferred Tax Liability For Local Withholding Taxes Not Recorded
DeferredTaxLiabilityForLocalWithholdingTaxesNotRecorded
15700000 usd
CY2023 rbc Number Of Subsidiaries Involved In Litigation
NumberOfSubsidiariesInvolvedInLitigation
1 subsidiary
CY2023 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
900000000 usd
CY2023 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023 us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
300 claimant
CY2023 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023 rbc Loss Contingency Full Amount Paid
LossContingencyFullAmountPaid
1
CY2023 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
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
23400000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
24600000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
21800000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
30800000 usd
CY2023 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
9800000 usd
CY2022 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023 rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
3400000 usd
CY2022 rbc Standard Product Warranty Accrual Held For Sale
StandardProductWarrantyAccrualHeldForSale
0 usd
CY2023 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
900000 usd
CY2022 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-400000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34500000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28800000 usd
CY2023 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
15100000 usd
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
11900000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
15400000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
5600000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
7500000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
13900000 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
9100000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
15400000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Derivative Cumulative Gain Loss
DebtSecuritiesHeldToMaturityDerivativeCumulativeGainLoss
28800000 usd
CY2023 rbc Net Current Deferred Gains Losses Expected To Be Realized
NetCurrentDeferredGainsLossesExpectedToBeRealized
22300000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
5000000.0 usd
CY2023 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
200000 usd
CY2022 rbc Restructuring Reserve Acquisition
RestructuringReserveAcquisition
0 usd
CY2023 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
42200000 usd
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
46800000 usd
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
28400000 usd
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
36700000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
29100000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 usd
CY2023 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
19300000 usd
CY2023 us-gaap Restructuring Costs
RestructuringCosts
61500000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
46800000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
14000000.0 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
61500000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
46800000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
14000000.0 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
34

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