2021 Q4 Form 10-K Financial Statement

#000106039122000007 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.953B $13.32B $2.573B
YoY Change 14.75% 10.72% -0.13%
Cost Of Revenue $1.810B $6.738B $1.547B
YoY Change 16.97% 10.45% 1.77%
Gross Profit $1.143B $6.584B $1.026B
YoY Change 11.41% 11.01% -2.88%
Gross Profit Margin 38.71% 49.42% 39.87%
Selling, General & Admin $315.5M $1.196B $234.4M
YoY Change 34.6% 13.56% -20.11%
% of Gross Profit 27.6% 18.16% 22.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $319.8M $1.186B $288.0M
YoY Change 11.04% 10.19% 3.63%
% of Gross Profit 27.98% 18.01% 28.07%
Operating Expenses $635.3M $1.196B $521.0M
YoY Change 21.94% 13.56% -8.8%
Operating Profit $507.8M $2.076B $432.7M
YoY Change 17.36% 21.48% -5.77%
Interest Expense -$223.7M $314.6M -$164.4M
YoY Change 36.07% -11.53% -8.21%
% of Operating Profit -44.05% 15.15% -37.99%
Other Income/Expense, Net -$1.100M -$500.0K $400.0K
YoY Change -375.0% -112.2% -91.67%
Pretax Income $276.9M $1.575B $201.3M
YoY Change 37.56% 37.84% -29.34%
Income Tax -$36.20M $282.8M -$35.00M
% Of Pretax Income -13.07% 17.95% -17.39%
Net Earnings $313.1M $1.290B $235.5M
YoY Change 32.95% 33.41% -18.6%
Net Earnings / Revenue 10.6% 9.69% 9.15%
Basic Earnings Per Share $4.05
Diluted Earnings Per Share $983.0K $4.04 $0.74
COMMON SHARES
Basic Shares Outstanding 317.1M shares 318.8M shares 318.7M shares
Diluted Shares Outstanding 319.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.00M $29.00M $38.00M
YoY Change -23.68% -23.68% -19.15%
Cash & Equivalents $29.00M $29.00M $38.20M
Short-Term Investments
Other Short-Term Assets $410.4M $101.2M $392.3M
YoY Change 4.61% 4.33% -9.4%
Inventory $72.20M $72.20M $59.10M
Prepaid Expenses $85.30M $77.70M
Receivables $1.271B $1.271B $1.091B
Other Receivables $237.0M $237.0M $237.0M
Total Short-Term Assets $1.711B $1.711B $1.522B
YoY Change 12.42% 12.4% -5.24%
LONG-TERM ASSETS
Property, Plant & Equipment $9.487B $9.487B $8.945B
YoY Change 6.06% 6.06% 6.7%
Goodwill $12.83B $12.05B
YoY Change 6.47% 3.55%
Intangibles
YoY Change
Long-Term Investments $127.6M $127.6M $145.0M
YoY Change -12.0% -12.0% 64.77%
Other Assets $787.6M $444.8M $817.4M
YoY Change -3.65% -10.86% 9.34%
Total Long-Term Assets $23.24B $23.24B $21.91B
YoY Change 6.08% 6.08% 3.96%
TOTAL ASSETS
Total Short-Term Assets $1.711B $1.711B $1.522B
Total Long-Term Assets $23.24B $23.24B $21.91B
Total Assets $24.96B $24.96B $23.43B
YoY Change 6.49% 6.49% 3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $910.0M $910.0M $779.0M
YoY Change 16.82% 16.82% 0.14%
Accrued Expenses $845.7M $845.7M $739.0M
YoY Change 14.44% 14.44% -0.67%
Deferred Revenue $381.3M $345.6M
YoY Change 10.33% 2.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.200M $8.200M $168.0M
YoY Change -95.12% -95.12% -81.94%
Total Short-Term Liabilities $2.416B $2.416B $2.282B
YoY Change 5.85% 5.85% -25.54%
LONG-TERM LIABILITIES
Long-Term Debt $9.546B $9.546B $8.766B
YoY Change 8.9% 8.9% 12.98%
Other Long-Term Liabilities $642.4M $2.784B $681.8M
YoY Change -5.78% 4.74% 17.67%
Total Long-Term Liabilities $642.4M $12.33B $681.8M
YoY Change -5.78% 7.93% 17.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.416B $2.416B $2.282B
Total Long-Term Liabilities $642.4M $12.33B $681.8M
Total Liabilities $3.058B $15.98B $2.964B
YoY Change 3.18% 6.86% -18.67%
SHAREHOLDERS EQUITY
Retained Earnings $6.476B $5.752B
YoY Change 12.58% 8.17%
Common Stock $3.200M $3.200M
YoY Change 0.0% -8.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $274.8M $100.0K
YoY Change 274700.0% -100.0%
Treasury Stock Shares 2.400M shares 0.000 shares
Shareholders Equity $8.979B $8.979B $8.484B
YoY Change
Total Liabilities & Shareholders Equity $24.96B $24.96B $23.43B
YoY Change 6.49% 6.49% 3.31%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $313.1M $1.290B $235.5M
YoY Change 32.95% 33.41% -18.6%
Depreciation, Depletion And Amortization $319.8M $1.186B $288.0M
YoY Change 11.04% 10.19% 3.63%
Cash From Operating Activities $648.9M $2.787B $562.6M
YoY Change 15.34% 12.75% -0.46%
INVESTING ACTIVITIES
Capital Expenditures -$412.1M $1.316B -$305.6M
YoY Change 34.85% 10.19% 2.28%
Acquisitions $1.222B
YoY Change 58.77%
Other Investing Activities -$268.4M $1.000M -$584.3M
YoY Change -54.06% 464.0%
Cash From Investing Activities -$680.5M -$2.466B -$889.9M
YoY Change -23.53% 28.26% 121.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $264.2M
YoY Change 178.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.30M -$329.2M -47.70M
YoY Change -129.98% -46.21% -58.16%
NET CHANGE
Cash From Operating Activities 648.9M $2.787B 562.6M
Cash From Investing Activities -680.5M -$2.466B -889.9M
Cash From Financing Activities 14.30M -$329.2M -47.70M
Net Change In Cash -17.30M -$8.600M -375.0M
YoY Change -95.39% -86.39% -868.44%
FREE CASH FLOW
Cash From Operating Activities $648.9M $2.787B $562.6M
Capital Expenditures -$412.1M $1.316B -$305.6M
Free Cash Flow $1.061B $1.470B $868.2M
YoY Change 22.21% 15.14% 0.49%

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CY2019 rsg Depreciation Depletion Amortization And Accretion Associated With Property Plant And Equipment Intangible Assets And Asset Retirement Obligations
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management’s Estimates and Assumptions</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing our financial statements, we make numerous estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. We must make these estimates and assumptions because certain information we use is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. In preparing our financial statements, the more critical and subjective areas that deal with the greatest amount of uncertainty relate to our accounting for our long-lived assets, including recoverability, landfill development costs, and final capping, closure and post-closure costs; our valuation allowances for accounts receivable and deferred tax assets; our liabilities for potential litigation, claims and assessments; our liabilities for environmental remediation, multiemployer pension plans, employee benefit plans, deferred taxes, uncertain tax positions, and insurance reserves; and our estimates of the fair values of assets acquired and liabilities assumed in any acquisition. Each of these items is discussed in more detail elsewhere in these Notes to Consolidated Financial Statements. Our actual results may differ significantly from our estimates.</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the World Health Organization declared the outbreak of a new strain of coronavirus (COVID-19) a pandemic. The COVID-19 pandemic has negatively impacted the global economy, disrupted global supply chains and created significant volatility and disruption of financial markets. The full extent of the impact of the COVID-19 pandemic on our operations and financial performance will depend on future developments, including the duration, variants and spread of the pandemic, all of which are uncertain and cannot be predicted at this time. </span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In mid-March 2020, certain customers in our small- and large-container businesses began adjusting their service levels, which included a decrease in the frequency of pickups or a temporary pause in service. In addition, we experienced a decline in volumes disposed at certain of our landfills and transfer stations. As service levels decreased, we also experienced a decrease in certain costs of our operations which are variable in nature. This decline in service activity peaked in the first half of April 2020 and improved sequentially throughout 2021.</span></div>In April 2020, we launched our Committed to Serve initiative and committed $20 million to support frontline employees and their families, as well as small business customers in the local communities we serve. In addition to this initiative, we have experienced an increase in certain costs of doing business as a direct result of the COVID-19 pandemic, including costs for additional safety equipment and hygiene products and increased facility and equipment cleaning. These costs are intended to assist in protecting the safety of our frontline employees as we continue to provide an essential service to our customers. In 2020 and 2021, we recognized our frontline employees for their commitment and contributions to their communities during the pandemic with two awards that were paid in January 2021 and November 2021, respectively. In addition, we incurred incremental costs associated with expanding certain aspects of our existing healthcare programs.
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2019 us-gaap Income Taxes Paid Net
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CY2019 rsg Bonus Depreciation On Qualified Assets Percentage
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100
CY2021 rsg Bonus Depreciation On Qualified Assets Percentage
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100
CY2020 rsg Bonus Depreciation On Qualified Assets Percentage
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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503700000 USD
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464600000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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66500000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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DeferredTaxAssetsOtherAssets
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CY2021Q4 rsg Deferred Tax Asset Operating Lease Liabilities
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CY2020Q4 rsg Deferred Tax Asset Operating Lease Liabilities
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CY2020Q4 us-gaap Deferred Tax Assets Other
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CY2020Q4 us-gaap Deferred Tax Assets Net
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CY2020Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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200000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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4900000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2019 rsg Gross Reduction In Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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300000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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12600000 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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11600000 USD
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CY2021 rsg Defined Benefit Plan Benefits Payable Calculation Gross Earnings Out Of Past Service Period Highest Earnings Service Period
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P5Y
CY2021 rsg Defined Benefit Plan Benefits Payable Calculation Gross Earnings Out Of Past Service Period Service Period
DefinedBenefitPlanBenefitsPayableCalculationGrossEarningsOutOfPastServicePeriodServicePeriod
P10Y
CY2021 rsg Age Limit Of Early Retirement Of Participants Under Cash Balance Plan
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P55Y
CY2021 rsg Completion Period Of Credited Service For Participants Under Plan
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CY2021 rsg Defined Benefit Plan Years Of Consecutive Service To Retire With Full Benefits
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P35Y
CY2021 rsg Defined Benefit Plan Minimum Employee Retirement Age To Receive Full Benefits
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CY2021 us-gaap Pension Contributions
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CY2020 us-gaap Pension Contributions
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
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CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
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CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2021 us-gaap Defined Benefit Plan Interest Cost
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CY2020 us-gaap Defined Benefit Plan Interest Cost
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6400000 USD
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
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219200000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2020 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2021 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
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CY2020 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
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CY2021 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
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CY2020 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2020Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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CY2020Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
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CY2021Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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CY2020Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
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CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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CY2021Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
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CY2020Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
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23700000 USD
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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CY2019 us-gaap Defined Benefit Plan Interest Cost
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CY2021 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2019 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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100000 USD
CY2021 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
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CY2020 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
100000 USD
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0277
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0224
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0421
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0410
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0345
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.0520
CY2021 rsg Defined Benefit Plan Term Of Obligation Based On Expected Retirement Dates
DefinedBenefitPlanTermOfObligationBasedOnExpectedRetirementDates
P7Y
CY2021Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
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1
CY2021Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
CY2020Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2021 rsg Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Company Goal
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssetsCompanyGoal
0.0410
CY2021 rsg Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Company Goal
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssetsCompanyGoal
0.0410
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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221800000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
232500000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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16500000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
15700000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
15400000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
14900000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
14700000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
62600000 USD
CY2021 us-gaap Multiemployer Plan Pension Insignificant Employees Covered By Collective Bargaining Arrangement To All Entitys Employees Percentage
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0.24
CY2020Q2 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
31600000 USD
CY2021 us-gaap Multiemployer Plan Pension Insignificant Employer Contribution Cost
MultiemployerPlanPensionInsignificantEmployerContributionCost
3500000 USD
CY2021 rsg Percentage Of Funded Status Of Pension Protection Act Critical Zone Maximum
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0.65
CY2021 rsg Percentage Of Funded Status Of Pension Protection Act Endangered Zone Maximum
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0.80
CY2021 rsg Percentage Of Funded Status Of Pension Protection Act Safe Zone Minimum
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0.80
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
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76400000 USD
CY2020 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
73200000 USD
CY2019 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
72100000 USD
CY2021 rsg Percentoftotalcontributionsthatwearelistedasprovidingmorethanfor Local731 Private Scavengersand Garage Attendants Pension Trust Fund
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0.05
CY2021 rsg Percentage Of Employer Contribution As Percentage Of First Three Percentage Of Eligible Compensation
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1
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
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0.030
CY2021 rsg Percentage Of Employer Contribution As Percentage Of Next Two Percentage Of Eligible Compensation
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0.500
CY2021 rsg Percentage Of Contribution By Employee
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0.020
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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62400000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
59300000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
55700000 USD
CY2021 rsg Deferred Compensation With Individual Employee Base Salary Deferral Maximum Percentage
DeferredCompensationWithIndividualEmployeeBaseSalaryDeferralMaximumPercentage
0.80
CY2021 rsg Percentage Of Quoted Market Price On Last Day Of Each Calendar Quarter At Which Employee Stock Purchase Plan Allows Participants To Purchase Companys Common Stock
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0.95
CY2021 rsg Deferred Compensation Arrangement With Individual Employee Bonus Deferral Maximum Percentage
DeferredCompensationArrangementWithIndividualEmployeeBonusDeferralMaximumPercentage
1
CY2021 us-gaap Deferred Compensation Arrangement With Individual Maximum Contractual Term1
DeferredCompensationArrangementWithIndividualMaximumContractualTerm1
P15Y
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
133500000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
131800000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
119400000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
126600000 USD
CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
104217 shares
CY2020 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
116865 shares
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
107522 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2600000 shares
CY2021 us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
2700000 USD
CY2021 rsg Treasury Stock Shares Acquired Shares Repurchased Pursuantto Share Repurchase Program
TreasuryStockSharesAcquiredSharesRepurchasedPursuanttoShareRepurchaseProgram
2200000 shares
CY2020 rsg Treasury Stock Shares Acquired Shares Repurchased Pursuantto Share Repurchase Program
TreasuryStockSharesAcquiredSharesRepurchasedPursuanttoShareRepurchaseProgram
1200000 shares
CY2021 rsg Treasury Stock Value Acquired Shares Repurchased Pursuantto Share Repurchase Program
TreasuryStockValueAcquiredSharesRepurchasedPursuanttoShareRepurchaseProgram
252200000 USD
CY2020 rsg Treasury Stock Value Acquired Shares Repurchased Pursuantto Share Repurchase Program
TreasuryStockValueAcquiredSharesRepurchasedPursuanttoShareRepurchaseProgram
98800000 USD
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
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116.09
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
85.06
CY2021Q4 rsg Shares Pending Settlement
SharesPendingSettlement
0 shares
CY2020Q4 rsg Shares Pending Settlement
SharesPendingSettlement
0 shares
CY2017Q4 rsg Stock Repurchase Program Increase Decreasein Remaining Authorized Repurchase Amount
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2000000000 USD
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CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2019Q4 us-gaap Assets
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1.000
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2021Q4 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Interest Expense
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CY2021 rsg Contingent Consideration Changes To Estimated Fair Value
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CY2021Q4 us-gaap Recorded Unconditional Purchase Obligation
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149100000 USD
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 rsg Payment For Maturing Tax Exempt Financing
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CY2020Q4 rsg Payment For Maturing Tax Exempt Financing
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CY2021Q4 us-gaap Asset Retirement Obligation Legally Restricted Assets Fair Value
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42400000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Legally Restricted Assets Fair Value
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31500000 USD
CY2021Q4 rsg Self Insurance
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84200000 USD
CY2020Q4 rsg Self Insurance
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CY2021Q4 us-gaap Restricted Cash And Investments Noncurrent
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CY2021Q4 rsg Letters Of Credit Utilizing Availability Under Our Credit Facilities
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341900000 USD
CY2020Q4 rsg Letters Of Credit Utilizing Availability Under Our Credit Facilities
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376500000 USD
CY2021 us-gaap Variable Interest Entity Ownership Percentage
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CY2021Q4 rsg Outstanding Surety Bonds Written By Investee And Investees Parent
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1435300000 USD
CY2021 dei Auditor Name
AuditorName
Ernst & Young LLP

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