2021 Q1 Form 10-K Financial Statement

#000105082521000131 Filed on April 20, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2021 2020 Q2
Revenue $677.1M $2.596B $482.8M
YoY Change -28.44% -30.28% -41.43%
Cost Of Revenue $483.1M $1.823B $360.1M
YoY Change -24.4% -27.34% -36.37%
Gross Profit $192.6M $762.8M $122.7M
YoY Change -37.3% -37.23% -52.52%
Gross Profit Margin 28.44% 29.38% 25.41%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $48.10M
YoY Change -4.94%
% of Gross Profit 6.31%
Depreciation & Amortization $21.10M $85.20M $22.50M
YoY Change -7.05% -0.47% 10.84%
% of Gross Profit 10.96% 11.17% 18.34%
Operating Expenses $185.7M $684.2M $157.4M
YoY Change -22.04% -28.6% -31.8%
Operating Profit $6.700M $43.00M -$52.30M
YoY Change -90.29% -83.27% -289.49%
Interest Expense -$4.800M $27.10M $7.300M
YoY Change 60.0% -0.73% 8.96%
% of Operating Profit -71.64% 63.02%
Other Income/Expense, Net $200.0K $0.00 $0.00
YoY Change -125.0% -100.0% -100.0%
Pretax Income $2.100M $25.90M -$54.80M
YoY Change -96.78% -89.44% -327.39%
Income Tax -$4.500M -$200.0K -$16.70M
% Of Pretax Income -214.29% -0.77%
Net Earnings $6.600M $26.10M -$38.10M
YoY Change -90.08% -86.93% -314.04%
Net Earnings / Revenue 0.97% 1.01% -7.89%
Basic Earnings Per Share $0.06 $0.22 -$0.33
Diluted Earnings Per Share $0.06 $0.22 -$0.33
COMMON SHARES
Basic Shares Outstanding 114.9M shares 115.1M shares
Diluted Shares Outstanding 115.2M shares 115.1M shares

Balance Sheet

Concept 2021 Q1 2021 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $489.8M $489.8M $637.5M
YoY Change -9.46% -9.46% 317.49%
Cash & Equivalents $489.8M $489.8M $637.5M
Short-Term Investments
Other Short-Term Assets $21.40M $91.80M $69.10M
YoY Change -44.85% 51.99% 44.56%
Inventory $193.5M $193.5M $246.7M
Prepaid Expenses $20.90M $22.20M
Receivables $279.0M $270.3M $254.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.045B $1.045B $1.230B
YoY Change -12.06% -12.06% 41.99%
LONG-TERM ASSETS
Property, Plant & Equipment $410.8M $636.2M $417.2M
YoY Change -3.64% -4.22% -7.33%
Goodwill $218.1M $215.1M
YoY Change -6.64% -10.41%
Intangibles $90.40M $95.90M
YoY Change -12.15% -16.75%
Long-Term Investments $42.10M $51.50M $53.50M
YoY Change -4.1% -1.53% -0.37%
Other Assets $29.60M $312.4M $29.80M
YoY Change -24.1% -3.46% -7.74%
Total Long-Term Assets $1.309B $1.309B $1.309B
YoY Change -4.94% -4.94% -5.76%
TOTAL ASSETS
Total Short-Term Assets $1.045B $1.045B $1.230B
Total Long-Term Assets $1.309B $1.309B $1.309B
Total Assets $2.354B $2.354B $2.540B
YoY Change -8.24% -8.24% 12.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.3M $181.3M $155.9M
YoY Change -25.79% -25.79% -40.74%
Accrued Expenses $186.6M $186.6M $153.6M
YoY Change -40.72% -40.63% -8.73%
Deferred Revenue $33.70M
YoY Change
Short-Term Debt $0.00 $300.0K $0.00
YoY Change -40.0%
Long-Term Debt Due $4.700M $4.400M $247.7M
YoY Change 62.07% 83.33% 5797.62%
Total Short-Term Liabilities $515.0M $515.0M $790.1M
YoY Change -25.46% -25.46% 43.39%
LONG-TERM LIABILITIES
Long-Term Debt $479.2M $479.2M $481.2M
YoY Change -0.46% -0.46% -0.25%
Other Long-Term Liabilities $46.90M $399.3M $45.60M
YoY Change -22.35% -5.54% -19.72%
Total Long-Term Liabilities $878.5M $878.5M $868.4M
YoY Change -2.83% -2.83% 1.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $515.0M $515.0M $790.1M
Total Long-Term Liabilities $878.5M $878.5M $868.4M
Total Liabilities $1.394B $1.394B $1.659B
YoY Change -12.63% -12.63% 18.15%
SHAREHOLDERS EQUITY
Retained Earnings $988.0M $958.9M
YoY Change -2.3% 8.82%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $960.5M $960.5M $881.0M
YoY Change
Total Liabilities & Shareholders Equity $2.354B $2.354B $2.540B
YoY Change -8.24% -8.24% 12.58%

Cashflow Statement

Concept 2021 Q1 2021 2020 Q2
OPERATING ACTIVITIES
Net Income $6.600M $26.10M -$38.10M
YoY Change -90.08% -86.93% -314.04%
Depreciation, Depletion And Amortization $21.10M $85.20M $22.50M
YoY Change -7.05% -0.47% 10.84%
Cash From Operating Activities $27.60M $64.80M -$93.40M
YoY Change -80.56% -82.04% 31.55%
INVESTING ACTIVITIES
Capital Expenditures -$9.200M $41.30M $9.400M
YoY Change -62.14% -43.73% -36.49%
Acquisitions $3.800M
YoY Change 2.7%
Other Investing Activities -$3.600M -$7.100M -$6.700M
YoY Change -104.81% -1.39% 509.09%
Cash From Investing Activities -$12.80M -$30.60M -$2.700M
YoY Change -125.3% -780.0% -80.29%
FINANCING ACTIVITIES
Cash Dividend Paid $43.50M $8.400M
YoY Change -37.05% -51.45%
Common Stock Issuance & Retirement, Net $42.70M $42.30M
YoY Change 390.8% 957.5%
Debt Paid & Issued, Net $2.400M
YoY Change -17.24%
Cash From Financing Activities -11.20M -$87.80M $193.7M
YoY Change -37.08% 7.2% -988.53%
NET CHANGE
Cash From Operating Activities 27.60M $64.80M -$93.40M
Cash From Investing Activities -12.80M -$30.60M -$2.700M
Cash From Financing Activities -11.20M -$87.80M $193.7M
Net Change In Cash 3.600M -$51.50M $96.30M
YoY Change -97.94% -118.24% -190.42%
FREE CASH FLOW
Cash From Operating Activities $27.60M $64.80M -$93.40M
Capital Expenditures -$9.200M $41.30M $9.400M
Free Cash Flow $36.80M $23.50M -$102.8M
YoY Change -77.87% -91.82% 19.81%

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EffectOfExchangeRateOnCashAndCashEquivalents
-1100000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2700000 USD
CY2021 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-51500000 USD
CY2020 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
282300000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-20800000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
547100000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264800000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285600000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
495600000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
547100000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264800000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24600000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26700000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
36200000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
25400000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
24500000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
34500000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
6100000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
3500000 USD
CY2018Q1 us-gaap Restricted Cash
RestrictedCash
2500000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
6100000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
3500000 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONSSteelcase is the global leader in furnishing the work experience in office environments. Founded in 1912, we are headquartered in Grand Rapids, Michigan, U.S.A. and employ approximately 11,100 employees. We operate manufacturing and distribution center facilities in 23 principal locations. We distribute products through various channels, including Steelcase independent and company-owned dealers in approximately 800 locations throughout the world, and have led the global office furniture industry in revenue every year since 1974. We operate under the Americas and EMEA reportable segments plus an “Other” category. See Note 22 for additional information related to our reportable segments.
CY2021Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
11100
CY2021Q1 scs Number Of Principal Locations
NumberOfPrincipalLocations
23
CY2021Q1 scs Number Of Distribution Locations
NumberOfDistributionLocations
800
CY2021 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year ends on the last Friday in February, with each fiscal quarter typically including 13 weeks. The fiscal years ended February 26, 2021 and February 22, 2019 contained 52 weeks. The fiscal year ended February 28, 2020 contained 53 weeks, with Q4 2020 containing 14 weeks. Reference to a year relates to the fiscal year, ended in February of the year indicated, rather than the calendar year, unless indicated by a month or specific date reference. Additionally, Q1, Q2, Q3 and Q4 reference the first, second, third and fourth quarter, respectively, of the fiscal year indicated. All amounts are in millions, except share and per share data, data presented as a percentage or as otherwise indicated.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts and disclosures in the consolidated financial statements and accompanying notes. Although these estimates are based on historical data and management’s knowledge of current events and actions we may undertake in the future, actual results may differ from these estimates under different assumptions or conditions.</span></div>
CY2020Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
14300000 USD
CY2021Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
8000000.0 USD
CY2020Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
10100000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our trade receivables are due from independent dealers as well as direct customers. We monitor and manage the credit risk associated with individual dealers and direct customers. Dealers are responsible for assessing and assuming credit risk of their customers and may require their customers to provide deposits, letters of credit or other credit enhancement measures. Some sales contracts are structured such that the customer payment or obligation is direct to us. In those cases, we typically assume the credit risk. Whether from dealers or direct customers, our trade credit exposures are not concentrated with any particular entity or industry.</span></div>
CY2021Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
4600000 USD
CY2020Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
4200000 USD
CY2021Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2100000 USD
CY2020Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2700000 USD
CY2021Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
10500000 USD
CY2020Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
11600000 USD
CY2021Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
12600000 USD
CY2021Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
700000 USD
CY2020Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
1300000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Product Liability Gross
LossContingencyAccrualProductLiabilityGross
2700000 USD
CY2020Q1 us-gaap Loss Contingency Accrual Product Liability Gross
LossContingencyAccrualProductLiabilityGross
4100000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
2000000.0 USD
CY2020Q1 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
2800000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
26700000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
31000000.0 USD
CY2018Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36800000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2800000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8100000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6100000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2400000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12300000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11600000 USD
CY2021 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-4900000 USD
CY2020 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
0 USD
CY2019 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
0 USD
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
300000 USD
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 USD
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-300000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22500000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
26700000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
31000000.0 USD
CY2021Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
11400000 USD
CY2020Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
14300000 USD
CY2021Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
700000 USD
CY2020Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
1000000.0 USD
CY2021Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
2000000.0 USD
CY2020Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
1900000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2700000 USD
CY2020Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2900000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
2800000 USD
CY2020Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3100000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
53700000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48100000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50600000 USD
CY2021Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
483900000 USD
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
484300000 USD
CY2020 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.15
CY2019 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.14
CY2021 us-gaap Revenues
Revenues
2596200000 USD
CY2020 us-gaap Revenues
Revenues
3723700000 USD
CY2019 us-gaap Revenues
Revenues
3443200000 USD
CY2019 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2400000 shares
CY2021Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1100000 USD
CY2020Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1200000 USD
CY2021Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
800000 USD
CY2020Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
500000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
300000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
700000 USD
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
58800000 USD
CY2020Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
117600000 USD
CY2020 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
119600000 shares
CY2019 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
119100000 shares
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-800000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5400000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-4500000 USD
CY2021 us-gaap Revenues
Revenues
2596200000 USD
CY2020 us-gaap Revenues
Revenues
3723700000 USD
CY2019 us-gaap Revenues
Revenues
3443200000 USD
CY2021 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.16
CY2021 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2600000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2300000 shares
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28600000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33700000 USD
CY2021 us-gaap Net Income Loss
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26100000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
199700000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
126000000.0 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3900000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2500000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25500000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
195800000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
123500000 USD
CY2021 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
117500000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114900000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117300000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116700000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115200000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117900000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117100000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.66
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
117200000 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
116800000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1200000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-22000000.0 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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28700000 USD
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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600000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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29300000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Inventory Work In Process And Raw Materials
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CY2020Q1 us-gaap Inventory Work In Process And Raw Materials
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122000000.0 USD
CY2021Q1 us-gaap Inventory Finished Goods
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86400000 USD
CY2020Q1 us-gaap Inventory Finished Goods
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CY2021Q1 us-gaap Inventory Gross
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CY2020Q1 us-gaap Inventory Gross
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18900000 USD
CY2020Q1 us-gaap Inventory Lifo Reserve
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19800000 USD
CY2021Q1 us-gaap Inventory Net
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193500000 USD
CY2020Q1 us-gaap Inventory Net
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215000000.0 USD
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89100000 USD
CY2020Q1 us-gaap Lifo Inventory Amount
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93800000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
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CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2020Q1 us-gaap Property Plant And Equipment Net
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426300000 USD
CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
Depreciation
73200000 USD
CY2019 us-gaap Depreciation
Depreciation
69300000 USD
CY2021 scs Construction In Progress Estimated Cost To Complete
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26900000 USD
CY2020 scs Construction In Progress Estimated Cost To Complete
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29800000 USD
CY2021Q1 us-gaap Cash Surrender Value Of Life Insurance
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CY2020Q1 us-gaap Cash Surrender Value Of Life Insurance
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CY2019Q1 us-gaap Goodwill
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60800000 USD
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-400000 USD
CY2020Q1 us-gaap Goodwill Gross
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CY2020Q1 us-gaap Goodwill
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-400000 USD
CY2021Q1 us-gaap Goodwill Gross
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539600000 USD
CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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321500000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
218100000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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73300000 USD
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CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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56700000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
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94000000.0 USD
CY2021Q1 scs Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
100000 USD
CY2021Q1 scs Indefinite Lived Intangible Assets Accumulated Amortization
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0 USD
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2020Q1 scs Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
8900000 USD
CY2020Q1 scs Indefinite Lived Intangible Assets Accumulated Amortization
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0 USD
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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8900000 USD
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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73300000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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90400000 USD
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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159600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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56700000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
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102900000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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16300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12400000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14200000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14100000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
11300000 USD
CY2021Q1 scs Finite Lived Intangible Assets Amortization Expense Next Five Years
FiniteLivedIntangibleAssetsAmortizationExpenseNextFiveYears
62400000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
42100000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
43900000 USD
CY2021Q1 us-gaap Cost Method Investments
CostMethodInvestments
9400000 USD
CY2020Q1 us-gaap Cost Method Investments
CostMethodInvestments
8400000 USD
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
51500000 USD
CY2020Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
52300000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9300000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12200000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13700000 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
198700000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
250300000 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
130600000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
235600000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
132700000 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
329300000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
383000000.0 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
141300000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
204200000 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
31100000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
19600000 USD
CY2021Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
172400000 USD
CY2020Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
223800000 USD
CY2021 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
695400000 USD
CY2020 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
838000000.0 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
806400000 USD
CY2021 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
204900000 USD
CY2020 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
252600000 USD
CY2021 scs Equity Method Investment Summarized Financial Information Income Loss Before Income Tax
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossBeforeIncomeTax
37800000 USD
CY2020 scs Equity Method Investment Summarized Financial Information Income Loss Before Income Tax
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossBeforeIncomeTax
62300000 USD
CY2019 scs Equity Method Investment Summarized Financial Information Income Loss Before Income Tax
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossBeforeIncomeTax
64200000 USD
CY2021 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
35600000 USD
CY2020 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
58500000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
60300000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
8100000 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
12500000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9100000 USD
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
201500000 USD
CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
305700000 USD
CY2019 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
302600000 USD
CY2021Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
6400000 USD
CY2020Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
14400000 USD
CY2019Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
11400000 USD
CY2021Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
483900000 USD
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
484300000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4700000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
2900000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
479200000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
481400000 USD
CY2021Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.026
CY2020Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.025
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
800000 USD
CY2021 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
seven years
CY2021 scs Line Of Credit Facility Additional Borrowing Capacity Available
LineOfCreditFacilityAdditionalBorrowingCapacityAvailable
125000000 USD
CY2021 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
12900000 USD
CY2020Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
148300000 USD
CY2021Q1 scs Defined Contribution Obligation
DefinedContributionObligation
12100000 USD
CY2020Q1 scs Defined Contribution Obligation
DefinedContributionObligation
28100000 USD
CY2021Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
60500000 USD
CY2020Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
58800000 USD
CY2021Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
177800000 USD
CY2020Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
193000000.0 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
24900000 USD
CY2020Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
44700000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
152900000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
177800000 USD
CY2020Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
193000000.0 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
19300000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
37500000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
35300000 USD
CY2021 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
21.6
CY2020 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2020 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostTax
0 USD
CY2019Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-9500000 USD
CY2019Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
200000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
9700000 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2020 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostTax
0 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-100000 USD
CY2020 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostAfterTax
-100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-13900000 USD
CY2020 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
3400000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-10500000 USD
CY2020 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
3000000.0 USD
CY2020 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
700000 USD
CY2020 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
2300000 USD
CY2020 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-16900000 USD
CY2020 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
4100000 USD
CY2020 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
-12800000 USD
CY2020 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
100000 USD
CY2020 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
0 USD
CY2020 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
16900000 USD
CY2020 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
-4100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-12800000 USD
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
7400000 USD
CY2020Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
4300000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-3100000 USD
CY2021 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostTax
0 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostAfterTax
-100000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-1700000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
300000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1400000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
1100000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
300000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
-800000 USD
CY2021 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-2800000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
600000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
-2200000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
-1400000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
200000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
-1200000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
4300000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
-800000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3500000 USD
CY2021Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
11700000 USD
CY2021Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
5100000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-6600000 USD
CY2021Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2021Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2020Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2020Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2021Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33200000 USD
CY2020Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
31300000 USD
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
4200000 USD
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3600000 USD
CY2020 us-gaap Multiemployer Plans Certified Zone Status
MultiemployerPlansCertifiedZoneStatus
Red
CY2021 us-gaap Multiemployer Plans Funding Improvement Plan And Rehabilitation Plan
MultiemployerPlansFundingImprovementPlanAndRehabilitationPlan
Implemented
CY2019 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
200000 USD
CY2021 us-gaap Multiemployer Plans Surcharge
MultiemployerPlansSurcharge
No
CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
7700000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
3300000 USD
CY2019 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
4600000 USD
CY2021 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1400000 shares
CY2020 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1600000 shares
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-30400000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6800000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18400000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1900000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10900000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6000000.0 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12900000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15400000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14600000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-15600000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33100000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39000000.0 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13700000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
10300000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3600000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1100000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2800000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1200000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2800000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4900000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1300000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15400000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12400000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1100000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45500000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-10100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
195800000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
119400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
36000000.0 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49400000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
44500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
245200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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47.8 USD
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CY2021 us-gaap Restructuring And Related Activities Description
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RESTRUCTURING ACTIVITIES In Q2 2021, our Board of Directors approved a series of restructuring actions in response to continued order declines in the Americas compared to the prior year and continued economic uncertainty related to the COVID-19 pandemic. The restructuring actions included early retirements and voluntary and involuntary terminations of approximately 300 salaried employees and early retirements of approximately 160 hourly employees. We incurred $27.2 in restructuring costs in the Americas segment in connection with these actions during 2021, consisting of cash severance payments and payment of other separation-related benefits. These restructuring actions are substantially complete.In Q4 2021, we completed additional restructuring actions in the Americas segment which included early retirements and voluntary terminations of approximately 50 hourly employees. We incurred $1.4 in restructuring costs in connection with these actions during 2021, consisting of cash severance payments and payment of other separation-related benefits. The following table details the changes in the restructuring reserve balance as of February 26, 2021:Workforce reductionsBalance as of February 28, 2020$— Restructuring costs28.6 Payments(28.2)Balance as of February 26, 2021$0.4 
CY2021 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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300 salaryEmployee
CY2021 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
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160 hourlyEmployee
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0 USD
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28600000 USD
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CY2021 us-gaap Operating Income Loss
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43000000.0 USD
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55500000 USD
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CY2021 us-gaap Net Income Loss
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26100000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
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-0.33
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CY2021 us-gaap Earnings Per Share Basic
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0.22
CY2020Q2 us-gaap Earnings Per Share Diluted
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0.47
CY2020Q4 us-gaap Earnings Per Share Diluted
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0.02
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0.06
CY2021 us-gaap Earnings Per Share Diluted
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0.22
CY2019Q2 us-gaap Revenues
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CY2019Q1 us-gaap Revenues
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CY2019Q3 us-gaap Gross Profit
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333500000 USD
CY2019Q4 us-gaap Gross Profit
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316100000 USD
CY2019Q1 us-gaap Gross Profit
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1215200000 USD
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27600000 USD
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CY2019Q1 us-gaap Operating Income Loss
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60500000 USD
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54900000 USD
CY2019Q1 us-gaap Net Income Loss
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66500000 USD
CY2020 us-gaap Net Income Loss
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199700000 USD
CY2019Q2 us-gaap Earnings Per Share Basic
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0.15
CY2019Q3 us-gaap Earnings Per Share Basic
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0.50
CY2019Q4 us-gaap Earnings Per Share Basic
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0.46
CY2019Q1 us-gaap Earnings Per Share Basic
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0.56
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2019Q2 us-gaap Earnings Per Share Diluted
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0.15
CY2019Q3 us-gaap Earnings Per Share Diluted
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0.50
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.66

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