2024 Q1 Form 10-K Financial Statement

#000009144024000005 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.282B $1.294B $4.843B
YoY Change 3.03% 8.74% 5.23%
Cost Of Revenue $616.9M $648.3M $2.312B
YoY Change 3.65% 13.76% 7.96%
Gross Profit $665.0M $645.5M $2.531B
YoY Change 2.47% 4.13% 2.86%
Gross Profit Margin 51.88% 49.89% 52.26%
Selling, General & Admin $44.50M
YoY Change 34.04%
% of Gross Profit 1.76%
Research & Development $64.70M
YoY Change 5.89%
% of Gross Profit 2.56%
Depreciation & Amortization $18.20M $25.00M $100.2M
YoY Change -81.84% 2.46% -4.39%
% of Gross Profit 2.74% 3.87% 3.96%
Operating Expenses $325.8M $319.7M $1.324B
YoY Change -3.35% -3.12% 2066.28%
Operating Profit $339.2M $325.8M $1.207B
YoY Change 8.75% 12.38% 7.45%
Interest Expense $12.50M -$12.50M -$47.10M
YoY Change -204.17% -205.93% -188.7%
% of Operating Profit 3.69% -3.84% -3.9%
Other Income/Expense, Net $18.10M $17.50M $42.50M
YoY Change 53.39% 33.59% 157.58%
Pretax Income $344.8M $330.8M $1.203B
YoY Change 10.62% 13.6% 31.95%
Income Tax $75.20M $69.50M $268.7M
% Of Pretax Income 21.81% 21.01% 22.34%
Net Earnings $263.5M $255.3M $911.7M
YoY Change 10.3% 14.02% 11.12%
Net Earnings / Revenue 20.56% 19.73% 18.83%
Basic Earnings Per Share $4.99 $19.11
Diluted Earnings Per Share $4.91 $4.75 $16.82
COMMON SHARES
Basic Shares Outstanding 52.71M shares 52.78M shares 52.90M shares
Diluted Shares Outstanding 53.67M shares 53.90M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.121B $1.002B $757.2M
YoY Change 48.05% 31.9% -2.92%
Cash & Equivalents $1.121B $1.002B $757.2M
Short-Term Investments
Other Short-Term Assets $135.6M $138.4M $144.8M
YoY Change -6.35% -4.81% 7.58%
Inventory $970.5M $1.006B $1.033B
Prepaid Expenses
Receivables $827.5M $791.3M $761.7M
Other Receivables $721.5M $714.9M $672.1M
Total Short-Term Assets $3.776B $3.652B $3.369B
YoY Change 12.09% 11.7% 10.33%
LONG-TERM ASSETS
Property, Plant & Equipment $609.1M $614.0M $574.1M
YoY Change 6.1% 13.26% 0.7%
Goodwill $1.071B $1.097B
YoY Change 8.59%
Intangibles $417.9M $406.3M
YoY Change 1.68%
Long-Term Investments
YoY Change
Other Assets $19.60M $220.5M $154.3M
YoY Change -87.3% 29.48% -24.36%
Total Long-Term Assets $3.891B $3.893B $3.604B
YoY Change 7.96% 9.17% -2.76%
TOTAL ASSETS
Total Short-Term Assets $3.776B $3.652B $3.369B
Total Long-Term Assets $3.891B $3.893B $3.604B
Total Assets $7.667B $7.545B $6.973B
YoY Change 9.95% 10.38% 3.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $257.4M $238.0M $287.0M
YoY Change -10.31% -22.04% 3.39%
Accrued Expenses $642.1M $614.7M $593.6M
YoY Change 8.17% 5.02% 12.25%
Deferred Revenue $58.40M
YoY Change 2.28%
Short-Term Debt $15.20M $15.60M $15.60M
YoY Change -11.86% -10.34%
Long-Term Debt Due $1.300M $1.600M $17.20M
YoY Change -92.44% -15.79% 616.67%
Total Short-Term Liabilities $989.7M $941.6M $971.6M
YoY Change 1.86% -5.22% -1.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.185B $1.185B $1.184B
YoY Change 0.09% 0.08% -0.3%
Other Long-Term Liabilities $89.60M $246.1M $231.8M
YoY Change -61.35% 175.59% -12.06%
Total Long-Term Liabilities $1.275B $1.431B $1.416B
YoY Change -9.97% 12.4% -2.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $989.7M $941.6M $971.6M
Total Long-Term Liabilities $1.275B $1.431B $1.416B
Total Liabilities $2.504B $2.474B $2.492B
YoY Change 0.48% -0.9% -3.35%
SHAREHOLDERS EQUITY
Retained Earnings $7.113B $6.949B
YoY Change 13.09%
Common Stock $67.50M $67.50M
YoY Change 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.141B $5.071B $4.481B
YoY Change
Total Liabilities & Shareholders Equity $7.667B $7.545B $6.973B
YoY Change 9.95% 10.38% 3.15%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $263.5M $255.3M $911.7M
YoY Change 10.3% 14.02% 11.12%
Depreciation, Depletion And Amortization $18.20M $25.00M $100.2M
YoY Change -81.84% 2.46% -4.39%
Cash From Operating Activities $348.7M $296.9M $675.2M
YoY Change -48.36% 128.56% -30.15%
INVESTING ACTIVITIES
Capital Expenditures $21.80M $21.10M $84.20M
YoY Change -74.11% -205.5% -220.11%
Acquisitions $42.60M
YoY Change -78.67%
Other Investing Activities $2.300M -$83.50M -$122.0M
YoY Change -101.89% 120.32% 10066.67%
Cash From Investing Activities -$63.20M -$104.6M -$206.2M
YoY Change -69.35% 80.66% -28.99%
FINANCING ACTIVITIES
Cash Dividend Paid $98.20M $355.6M
YoY Change 28.93%
Common Stock Issuance & Retirement, Net -$143.1M
YoY Change -133.18%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$164.2M -149.0M -485.0M
YoY Change -66.14% 23.45% -40.77%
NET CHANGE
Cash From Operating Activities $348.7M 296.9M 675.2M
Cash From Investing Activities -$63.20M -104.6M -206.2M
Cash From Financing Activities -$164.2M -149.0M -485.0M
Net Change In Cash $119.5M 43.30M -16.00M
YoY Change -846.88% -188.91% -88.84%
FREE CASH FLOW
Cash From Operating Activities $348.7M $296.9M $675.2M
Capital Expenditures $21.80M $21.10M $84.20M
Free Cash Flow $326.9M $275.8M $591.0M
YoY Change -44.69% 83.99% -42.99%

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CY2022 us-gaap Interest Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CY2023 us-gaap Fiscal Period
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal year accounting period:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Snap-on’s fiscal year ends on the Saturday that is on or nearest to December 31. The 2023 fiscal year ended on December 30, 2023 (“2023”), the 2022 fiscal year ended on December 31, 2022 (“2022”), and the 2021 fiscal year ended on January 1, 2022 (“2021”). The 2023, 2022 and 2021 fiscal years each contained 52 weeks of operating results.</span></div>
CY2023Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Research And Development Expense
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CY2022 us-gaap Research And Development Expense
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CY2022 us-gaap Research And Development Expense
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CY2022 us-gaap Capitalized Computer Software Additions
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10200000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
10900000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
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CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11600000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
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CY2022Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
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CY2022 sna Shipping And Handling Charges Related To Manufacturing Activities
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CY2022 sna Shipping And Handling Charges Related To Manufacturing Activities
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CY2023 us-gaap Marketing And Advertising Expense
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44500000 usd
CY2022 us-gaap Marketing And Advertising Expense
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CY2022 us-gaap Marketing And Advertising Expense
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33200000 usd
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Warranties:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Snap-on provides product warranties for specific product lines and accrues for estimated future warranty costs in the period in which the sale is recorded. See Notes 2 and 15 for information on warranties.</span></div>
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1058553 shares
CY2023 sna Period Past Due For Which Customers Bankruptcies Charged Off
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P180D
CY2023Q4 us-gaap Accrued Income Taxes Current
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35300000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
33400000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23800000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19400000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
58400000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
57100000 usd
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
59100000 usd
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
53900000 usd
CY2023Q4 sna Accrued Property Payroll And Other Taxes
AccruedPropertyPayrollAndOtherTaxes
31200000 usd
CY2022Q4 sna Accrued Property Payroll And Other Taxes
AccruedPropertyPayrollAndOtherTaxes
27700000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
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37200000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
37700000 usd
CY2023Q4 sna Other Accrued Liabilities Miscellaneous
OtherAccruedLiabilitiesMiscellaneous
202400000 usd
CY2022Q4 sna Other Accrued Liabilities Miscellaneous
OtherAccruedLiabilitiesMiscellaneous
207200000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
447400000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
436400000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4703200000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4468600000 usd
CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2023 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
The remaining duration of these unsatisfied performance obligations range from one month up to 60 months.
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
185000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.75
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.20
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63300000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
56500000 usd
CY2023 sna Trade And Other Accounts Receivable Non Extended Term Payment Minimum
TradeAndOtherAccountsReceivableNonExtendedTermPaymentMinimum
P30D
CY2023 sna Trade And Other Accounts Receivable Non Extended Term Payment Maximum
TradeAndOtherAccountsReceivableNonExtendedTermPaymentMaximum
P120D
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
826200000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
792800000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31100000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
791300000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
761700000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31100000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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27300000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17300000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16300000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
14200000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
11800000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
200000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2023 sna Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Increase Decrease
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationIncreaseDecrease
500000 usd
CY2022 sna Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Increase Decrease
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationIncreaseDecrease
-700000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31100000 usd
CY2023 sna Notes And Loans Receivables Extended Term Payment Plan Term
NotesAndLoansReceivablesExtendedTermPaymentPlanTerm
P4Y
CY2023 sna Contract Receivables Extended Term Installment Loans Term
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P10Y
CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
737900000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
693400000 usd
CY2023Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
23000000.0 usd
CY2022Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
21300000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
714900000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
672100000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
714900000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
672100000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
1743600000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
1600800000 usd
CY2023Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
51500000 usd
CY2022Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
46200000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1692100000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1554600000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
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1692100000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
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1554600000 usd
CY2023Q4 sna Number Of Portfolio Segments
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CY2023 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
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P30D
CY2023 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
MinimumPeriodPastDueToConsiderReceivableBalancesAsDelinquent
P30D
CY2023 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
MinimumPeriodPastDueToConsiderReceivableBalancesAsDelinquent
P30D
CY2023 sna Minimum Period Past Due To Place Contract Receivables On Nonaccrual Status
MinimumPeriodPastDueToPlaceContractReceivablesOnNonaccrualStatus
P90D
CY2023Q4 us-gaap Inventory Finished Goods
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874600000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
882200000 usd
CY2023Q4 us-gaap Inventory Work In Process
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76100000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
77200000 usd
CY2023Q4 us-gaap Inventory Raw Materials
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171100000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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182300000 usd
CY2023Q4 us-gaap Inventory Gross
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1121800000 usd
CY2022Q4 us-gaap Inventory Gross
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1141700000 usd
CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
115900000 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
108600000 usd
CY2023Q4 us-gaap Lifo Inventory Amount
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1005900000 usd
CY2022Q4 us-gaap Lifo Inventory Amount
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1033100000 usd
CY2023Q4 us-gaap Percentage Of Fifo Inventory
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0.59
CY2022Q4 us-gaap Percentage Of Fifo Inventory
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0.61
CY2023 us-gaap Effect Of Lifo Inventory Liquidation On Income
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0 usd
CY2022 us-gaap Effect Of Lifo Inventory Liquidation On Income
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0 usd
CY2022 us-gaap Effect Of Lifo Inventory Liquidation On Income
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CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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1570400000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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1536600000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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1031100000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1024000000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
539300000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
512600000 usd
CY2023 us-gaap Depreciation
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72200000 usd
CY2022 us-gaap Depreciation
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71500000 usd
CY2022 us-gaap Depreciation
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75600000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
1116500000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-38100000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-33100000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1045300000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
17400000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
34700000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1097400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1097400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
505200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
373700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
487500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
346000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
141500000 usd
CY2023Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
137400000 usd
CY2023Q4 sna Indefinite Lived Trademarks Net
IndefiniteLivedTrademarksNet
137400000 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
134100000 usd
CY2022Q4 sna Indefinite Lived Trademarks Net
IndefiniteLivedTrademarksNet
134100000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
642600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
373700000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268900000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
621600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
346000000.0 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
275600000 usd
CY2023Q4 sna Goodwill And Intangible Assets Accumulated Impairment Loss
GoodwillAndIntangibleAssetsAccumulatedImpairmentLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28700000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
16300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9300000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1143700000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1028700000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
911400000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
184300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
173900000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
175500000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1328000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1202600000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1086900000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
215400000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
185400000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
152900000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
55200000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
45200000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
48200000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
41500000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
48400000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
37500000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
312100000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
279000000.0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
238600000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6100000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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180400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
180400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23500000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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-300000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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-300000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
300000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2600000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18700000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8400000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
293400000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
268700000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000000.0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2023 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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0.004
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.002
CY2023 sna Effective Income Tax Rate Reconciliation Adjustments To Tax Accruals And Reserves
EffectiveIncomeTaxRateReconciliationAdjustmentsToTaxAccrualsAndReserves
-0.006
CY2022 sna Effective Income Tax Rate Reconciliation Adjustments To Tax Accruals And Reserves
EffectiveIncomeTaxRateReconciliationAdjustmentsToTaxAccrualsAndReserves
-0.007
CY2022 sna Effective Income Tax Rate Reconciliation Adjustments To Tax Accruals And Reserves
EffectiveIncomeTaxRateReconciliationAdjustmentsToTaxAccrualsAndReserves
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.008
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.005
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.010
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2023 sna Effective Income Tax Rate On Earnings Including Noncontrolling Interest
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CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
40200000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
13000000.0 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
2100000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-11000000.0 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7500000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1200000 usd
CY2023 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-37600000 usd
CY2022 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-36100000 usd
CY2022 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-15200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
1000000.0 usd
CY2023 sna Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
700000 usd
CY2022 sna Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
900000 usd
CY2022 sna Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
1400000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
67500000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42500000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16500000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
80000000.0 usd
CY2023 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2022 us-gaap Revenues
Revenues
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CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
1310400000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
1207200000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
1123500000 usd
CY2023 us-gaap Interest Expense
InterestExpense
49900000 usd
CY2022 us-gaap Interest Expense
InterestExpense
47100000 usd
CY2022 us-gaap Interest Expense
InterestExpense
53100000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
67500000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42500000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16500000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1328000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1202600000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1086900000 usd
CY2023Q4 us-gaap Assets
Assets
7544900000 usd
CY2022Q4 us-gaap Assets
Assets
6972800000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
95000000.0 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
84200000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
70100000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
99300000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100200000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
104800000 usd
CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2022 us-gaap Revenues
Revenues
4601700000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
614000000.0 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
574100000 usd
CY2023 us-gaap Revenues
Revenues
5108300000 usd
CY2022 us-gaap Revenues
Revenues
4842500000 usd
CY2022 us-gaap Revenues
Revenues
4601700000 usd

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