2019 Q2 Form 10-Q Financial Statement

#000154638020000032 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $1.170B $1.190B $298.1M
YoY Change 17.67% 17.43% 34.58%
Cost Of Revenue $747.0M $716.8M $261.1M
YoY Change 17.47% 18.66% 39.25%
Gross Profit $423.4M $472.1M $34.50M
YoY Change 21.81% 15.37% 1.47%
Gross Profit Margin 36.18% 39.68% 11.57%
Selling, General & Admin $166.4M $179.7M $116.3M
YoY Change 15.16% 8.25% 7.49%
% of Gross Profit 39.3% 38.06% 337.1%
Research & Development $10.20M $9.400M $9.200M
YoY Change -6.42% -10.48% -2.13%
% of Gross Profit 2.41% 1.99% 26.67%
Depreciation & Amortization $22.30M $22.40M $14.00M
YoY Change 5.19% 13.13% 10.24%
% of Gross Profit 5.27% 4.74% 40.58%
Operating Expenses $166.4M $179.7M $116.3M
YoY Change 15.16% 8.25% 7.49%
Operating Profit $258.2M $290.2M -$84.90M
YoY Change 39.04% 24.92% 18.08%
Interest Expense $25.90M $28.90M $25.20M
YoY Change 11.64% 27.88% 41.57%
% of Operating Profit 10.03% 9.96%
Other Income/Expense, Net $5.100M $260.1M $2.900M
YoY Change 96.15% -2927.17% 16.0%
Pretax Income $237.4M $523.4M -$105.9M
YoY Change 42.84% 159.11% 22.29%
Income Tax $59.40M $126.5M -$23.30M
% Of Pretax Income 25.02% 24.17%
Net Earnings $201.7M $396.5M -$79.60M
YoY Change 143.31% 166.29% 275.47%
Net Earnings / Revenue 17.23% 33.32% -26.7%
Basic Earnings Per Share $3.63 $7.16 -$1.44
Diluted Earnings Per Share $3.56 $7.09 -$1.44
COMMON SHARES
Basic Shares Outstanding 55.50M shares 55.40M shares 55.30M shares
Diluted Shares Outstanding 56.60M shares 55.90M shares 55.30M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.40M $37.50M $22.60M
YoY Change 22.97% 13.64% -58.53%
Cash & Equivalents $36.40M $37.50M $22.60M
Short-Term Investments
Other Short-Term Assets $72.90M $93.70M $102.5M
YoY Change -13.63% 19.97% 66.13%
Inventory $533.7M $675.3M $745.4M
Prepaid Expenses
Receivables $395.8M $699.6M $163.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.390B $1.839B $1.079B
YoY Change 5.38% 12.21% 9.75%
LONG-TERM ASSETS
Property, Plant & Equipment $506.7M $513.9M $519.8M
YoY Change -2.11% 10.85% 12.0%
Goodwill $541.9M $539.6M $539.7M
YoY Change -12.77% 15.6% 16.11%
Intangibles $831.1M $837.9M $846.8M
YoY Change -5.51% 7.75% 8.09%
Long-Term Investments $0.00 $34.50M $37.30M
YoY Change -100.0% 3.92% 17.67%
Other Assets $197.8M $191.2M $202.9M
YoY Change 2.97% -1.95% 10.33%
Total Long-Term Assets $2.078B $2.117B $2.147B
YoY Change -7.46% 9.34% 11.34%
TOTAL ASSETS
Total Short-Term Assets $1.390B $1.839B $1.079B
Total Long-Term Assets $2.078B $2.117B $2.147B
Total Assets $3.467B $3.957B $3.225B
YoY Change -2.71% 10.66% 10.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.6M $298.7M $237.0M
YoY Change 13.8% 17.83% 6.18%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $363.2M $357.7M $95.10M
YoY Change 15.48% 6.52% 10.45%
Total Short-Term Liabilities $955.4M $1.160B $594.6M
YoY Change 15.76% 28.01% 26.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.564B $2.039B $2.186B
YoY Change -20.85% 5.23% 28.83%
Other Long-Term Liabilities $143.3M $135.4M $169.3M
YoY Change -31.76% -36.7% -20.52%
Total Long-Term Liabilities $1.707B $2.175B $2.356B
YoY Change -21.9% 1.06% 23.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $955.4M $1.160B $594.6M
Total Long-Term Liabilities $1.707B $2.175B $2.356B
Total Liabilities $2.662B $3.334B $2.972B
YoY Change -12.21% 8.27% 23.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.369B $1.199B $835.4M
YoY Change 24.77% 14.81% -9.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $927.3M $929.0M $937.7M
YoY Change -0.02% 1.93% 22.93%
Treasury Stock Shares 12.70M shares 12.70M shares 12.80M shares
Shareholders Equity $800.4M $617.2M $248.3M
YoY Change
Total Liabilities & Shareholders Equity $3.467B $3.957B $3.225B
YoY Change -2.71% 10.66% 10.8%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $201.7M $396.5M -$79.60M
YoY Change 143.31% 166.29% 275.47%
Depreciation, Depletion And Amortization $22.30M $22.40M $14.00M
YoY Change 5.19% 13.13% 10.24%
Cash From Operating Activities $468.4M -$312.7M -$233.4M
YoY Change -2.29% 14.84% 10.88%
INVESTING ACTIVITIES
Capital Expenditures -$7.900M -$8.200M $12.70M
YoY Change 3.95% -40.15% -34.54%
Acquisitions $6.600M
YoY Change -90.57%
Other Investing Activities $41.70M $255.0M -$2.200M
YoY Change -110.25% 733.33%
Cash From Investing Activities $33.80M $246.8M -$17.10M
YoY Change -108.16% 1360.36% -81.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.0K
YoY Change -99.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -503.5M 80.70M $239.9M
YoY Change 675.81% -65.22% 0.54%
NET CHANGE
Cash From Operating Activities 468.4M -312.7M -$233.4M
Cash From Investing Activities 33.80M 246.8M -$17.10M
Cash From Financing Activities -503.5M 80.70M $239.9M
Net Change In Cash -1.300M 14.80M -$11.30M
YoY Change -1400.0% -163.25% -83.03%
FREE CASH FLOW
Cash From Operating Activities $468.4M -$312.7M -$233.4M
Capital Expenditures -$7.900M -$8.200M $12.70M
Free Cash Flow $476.3M -$304.5M -$246.1M
YoY Change -2.2% 17.75% 7.05%

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CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.41
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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EarningsPerShareDiluted
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EarningsPerShareDiluted
3.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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56100000 shares
CY2020Q2 us-gaap Profit Loss
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CY2019Q2 us-gaap Profit Loss
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201600000 USD
us-gaap Profit Loss
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us-gaap Profit Loss
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5300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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3100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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2100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5700000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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209000000.0 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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202200000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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376100000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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502700000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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500000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
900000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Restructuring Costs And Asset Impairment Charges
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us-gaap Restructuring Costs And Asset Impairment Charges
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smg Costs Relatedto Refinancing Noncash
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smg Costs Relatedto Refinancing Noncash
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Adjustment For Amortization
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us-gaap Adjustment For Amortization
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25200000 USD
us-gaap Deferred Income Tax Expense Benefit
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smg Gain Loss On Sale Of Long Lived Assets
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200000 USD
smg Gain Loss On Sale Of Long Lived Assets
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us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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smg Translation Adjustment Functional To Reporting Currency Write Off
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smg Translation Adjustment Functional To Reporting Currency Write Off
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2500000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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28500000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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262100000 USD
us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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12300000 USD
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16200000 USD
smg Increase Decrease In Other Net
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smg Increase Decrease In Other Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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28800000 USD
us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Proceeds From Sale Of Other Productive Assets
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us-gaap Proceeds From Sale Of Other Productive Assets
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us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6600000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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450000000.0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Dividends Common Stock
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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29500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33900000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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AccountsReceivableNetCurrent
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AccountsReceivableNetCurrent
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CY2019Q2 us-gaap Inventory Net
InventoryNet
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CY2019Q3 us-gaap Inventory Net
InventoryNet
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CY2019Q3 us-gaap Inventory Net
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CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2019Q2 us-gaap Assets Current
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CY2019Q3 us-gaap Assets Current
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CY2020Q2 us-gaap Property Plant And Equipment Net
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CY2019Q2 us-gaap Property Plant And Equipment Net
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CY2019Q3 us-gaap Property Plant And Equipment Net
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CY2020Q2 us-gaap Goodwill
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CY2019Q2 us-gaap Goodwill
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CY2019Q3 us-gaap Goodwill
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CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q2 us-gaap Other Assets Noncurrent
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CY2019Q2 us-gaap Other Assets Noncurrent
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CY2019Q3 us-gaap Other Assets Noncurrent
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CY2020Q2 us-gaap Assets
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CY2019Q2 us-gaap Assets
Assets
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CY2019Q3 us-gaap Assets
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CY2020Q2 us-gaap Long Term Debt Current
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CY2020Q2 us-gaap Accounts Payable Current
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CY2020Q2 us-gaap Liabilities Current
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CY2019Q2 us-gaap Liabilities Current
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CY2019Q3 us-gaap Liabilities Current
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CY2020Q2 us-gaap Long Term Debt Noncurrent
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CY2020Q2 us-gaap Liabilities
Liabilities
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CY2019Q3 us-gaap Liabilities
Liabilities
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CY2020Q2 us-gaap Commitments And Contingencies
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CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2019Q3 us-gaap Commitments And Contingencies
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CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q2 us-gaap Treasury Stock Value
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CY2019Q2 us-gaap Treasury Stock Value
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CY2020Q2 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Minority Interest
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CY2019Q2 us-gaap Minority Interest
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CY2019Q3 us-gaap Minority Interest
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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smg Percentage Of Annual Net Sales
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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CY2020Q2 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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CY2019Q2 smg Restructuring And Other Related Charges Discontinued Operations
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smg Restructuring And Other Related Charges Discontinued Operations
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smg Restructuring And Other Related Charges Discontinued Operations
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CY2019Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2019Q2 smg Impairment Restructuring And Other Recoveries Charges Continuing Operations
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smg Impairment Restructuring And Other Recoveries Charges Continuing Operations
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17300000 USD
smg Impairment Restructuring And Other Recoveries Charges Continuing Operations
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7700000 USD
CY2020Q2 smg Restructuring And Other Related Charges Discontinued Operations
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smg Restructuring And Other Related Charges Discontinued Operations
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smg Restructuring And Other Related Charges Discontinued Operations
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15900000 USD
CY2019Q2 smg Total Impairment Restructuring And Other Charges
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smg Total Impairment Restructuring And Other Charges
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smg Total Impairment Restructuring And Other Charges
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CY2019Q2 us-gaap Inventory Net
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CY2019Q3 us-gaap Inventory Net
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CY2019Q2 us-gaap Long Term Debt Current
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CY2019Q3 us-gaap Long Term Debt Current
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1563500000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
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5700000 USD
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34900000 USD
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200000 USD
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359600000 USD
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CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2018Q4 us-gaap Dividends
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30900000 USD
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253200000 USD
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32700000 USD
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600000 USD
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CY2019Q2 us-gaap Dividends
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31700000 USD
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100000 USD
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1200000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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-68400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-17400000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2020Q2 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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CY2019Q3 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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-8100000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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2500000 USD
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
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0.55
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
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0.58
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
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0.58
CY2014Q3 us-gaap Stock Repurchase Program Authorized Amount1
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500000000.0 USD
CY2016Q3 smg Additional Shares Authorized For Repurchase Value
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500000000.0 USD
CY2016Q3 us-gaap Stock Repurchase Program Authorized Amount1
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1000000000.0 USD
us-gaap Stock Repurchased During Period Shares
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us-gaap Stock Repurchased During Period Value
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8700000 shares
us-gaap Stock Repurchased During Period Value
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762800000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
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750000000.0 USD
CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4900000 USD
CY2019Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
325950 shares
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3700000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
20900000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
25300000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
22800000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11400000 USD
us-gaap Share Based Compensation
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41800000 USD
us-gaap Share Based Compensation
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28400000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5800000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2900000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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9700000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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6300000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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862388 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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59.52
us-gaap Stock Issued During Period Shares Stock Options Exercised
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280418 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
55.19
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
581970 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
61.60
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
581970 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
61.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
21900000 USD
us-gaap Proceeds From Stock Options Exercised
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17000000.0 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.242
us-gaap Effective Income Tax Rate Continuing Operations
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0.248
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
CONTINGENCIES<div style="text-indent:22.5pt;text-align:justify;margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Management regularly evaluates the Company’s contingencies, including various lawsuits and claims which arise in the normal course of business, product and general liabilities, workers’ compensation, property losses and other liabilities for which the Company is self-insured or retains a high exposure limit. Self-insurance accruals are established based on actuarial loss estimates for specific individual claims plus actuarially estimated amounts for incurred but not reported claims and adverse development factors applied to existing claims. Legal costs incurred in connection with the resolution of claims, lawsuits and other contingencies generally are expensed as incurred. In the opinion of management, the assessment of contingencies is reasonable and related accruals, in the aggregate, are adequate; however, there can be no assurance that final resolution of these matters will not have a material effect on the Company’s financial condition, results of operations or cash flows. </span></div><div style="margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration: underline;">Regulatory Matters</span></div><div style="text-indent:22.5pt;text-align:justify;margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">At June 27, 2020, $3.7 million was accrued in the “Other liabilities” line in the Condensed Consolidated Balance Sheets for environmental actions, the majority of which are for site remediation. The Company believes that the amounts accrued are adequate to cover such known environmental exposures based on current facts and estimates of likely outcomes. Although it is reasonably possible that the costs to resolve such known environmental exposures will exceed the amounts accrued, any variation from accrued amounts is not expected to be material.</span></div><div style="text-align:justify;margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration: underline;">Other</span></div><div style="text-indent:22.5pt;text-align:justify;margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company has been named as a defendant in a number of cases alleging injuries that the lawsuits claim resulted from exposure to asbestos-containing products, apparently based on the Company’s historic use of vermiculite in certain of its products. In many of these cases, the complaints are not specific about the plaintiffs’ contacts with the Company or its products. The cases vary, but complaints in these cases generally seek unspecified monetary damages (actual, compensatory, consequential and punitive) from multiple defendants. The Company believes that the claims against it are without merit and is vigorously defending against them. No accruals have been recorded in the Company’s consolidated financial statements as the likelihood of a loss is not probable at this time; and the Company does not believe a reasonably possible loss would be material to, nor the ultimate resolution of these cases will have a material adverse effect on, the Company’s financial condition, results of operations or cash flows. There can be no assurance that future developments related to pending claims or claims filed in the future, whether as a result of adverse outcomes or as a result of significant defense costs, will not have a material effect on the Company’s financial condition, results of operations or cash flows. </span></div><div style="text-indent:22.5pt;text-align:justify;margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company is involved in other lawsuits and claims which arise in the normal course of business. These claims individually and in the aggregate are not expected to result in a material effect on the Company’s financial condition, results of operations or cash flows.</span></div>
CY2020Q2 us-gaap Residual Value Of Leased Asset
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3400000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
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CY2020Q2 us-gaap Operating Lease Liability Noncurrent
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87400000 USD
CY2020Q2 us-gaap Operating Lease Liability
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133900000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
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33600000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
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4800000 USD
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
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29900000 USD
CY2020Q2 us-gaap Finance Lease Liability
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34700000 USD
CY2020Q2 us-gaap Operating Lease Cost
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13600000 USD
us-gaap Operating Lease Cost
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40200000 USD
CY2020Q2 us-gaap Variable Lease Cost
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2900000 USD
us-gaap Variable Lease Cost
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8700000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2100000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000000.0 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1400000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3700000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
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300000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000.0 USD
CY2020Q2 smg Finance Lease Cost
FinanceLeaseCost
1700000 USD
smg Finance Lease Cost
FinanceLeaseCost
4700000 USD
CY2020Q2 smg Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
11300000 USD
smg Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
34200000 USD
us-gaap Operating Lease Payments
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40900000 USD
us-gaap Finance Lease Interest Payment On Liability
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1000000.0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2600000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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34600000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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11900000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y4M24D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.043
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
13800000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1500000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
47200000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6100000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34100000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6100000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19300000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6100000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11000000.0 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6200000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21300000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
16000000.0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
146700000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
42000000.0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12800000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7300000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
133900000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
34700000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
52800000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
3000000.0 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
40300000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
3500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
28100000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
3500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
15400000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
3600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
263500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7900000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12600000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
15400000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
157100000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
32600000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1492700000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1170300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3241300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2658300000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1492700000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1170300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3241300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2658300000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1492700000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1170300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3241300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2658300000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1492700000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1170300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3241300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2658300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-77700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
74400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
263500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-87400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-182900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-77700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
74400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28800000 USD
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
115500000 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-2500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2900000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-87400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-182900000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18700000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48300000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36400000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18800000 USD

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