2019 Q1 Form 10-Q Financial Statement

#000162828019005518 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.968B $1.736B
YoY Change 13.35% 2.48%
Cost Of Revenue $1.658B $1.511B
YoY Change 9.75% 6.33%
Gross Profit $309.5M $225.1M
YoY Change 37.49% -17.58%
Gross Profit Margin 15.73% 12.97%
Selling, General & Admin $63.60M $56.20M
YoY Change 13.17% 6.24%
% of Gross Profit 20.55% 24.97%
Research & Development $12.90M $9.400M
YoY Change 37.23% 88.0%
% of Gross Profit 4.17% 4.18%
Depreciation & Amortization $60.50M $56.80M
YoY Change 6.51% 8.19%
% of Gross Profit 19.55% 25.23%
Operating Expenses $76.50M $65.60M
YoY Change 16.62% 13.3%
Operating Profit $233.0M $159.5M
YoY Change 46.08% -21.97%
Interest Expense -$33.00M -$13.20M
YoY Change 150.0% 45.05%
% of Operating Profit -14.16% -8.28%
Other Income/Expense, Net -$11.00M $4.100M
YoY Change -368.29% -61.68%
Pretax Income $203.2M $152.3M
YoY Change 33.42% -25.92%
Income Tax $40.10M $27.50M
% Of Pretax Income 19.73% 18.06%
Net Earnings $163.1M $125.4M
YoY Change 30.06% -11.5%
Net Earnings / Revenue 8.29% 7.22%
Basic Earnings Per Share $1.57 $1.11
Diluted Earnings Per Share $1.55 $1.10
COMMON SHARES
Basic Shares Outstanding 104.0M shares 112.9M shares
Diluted Shares Outstanding 105.3M shares 114.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.228B $437.9M
YoY Change 180.52% -34.86%
Cash & Equivalents $1.228B $437.9M
Short-Term Investments
Other Short-Term Assets $31.30M $30.00M
YoY Change 4.33% 4.17%
Inventory $991.6M $929.5M
Prepaid Expenses
Receivables $618.9M $672.1M
Other Receivables $39.40M $25.80M
Total Short-Term Assets $3.427B $2.604B
YoY Change 31.64% -13.15%
LONG-TERM ASSETS
Property, Plant & Equipment $2.184B $2.105B
YoY Change 3.72% 6.0%
Goodwill $2.400M $2.600M
YoY Change -7.69% 13.04%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $276.1M $249.2M
YoY Change 10.79% 28.52%
Total Long-Term Assets $2.870B $2.767B
YoY Change 3.75% 11.96%
TOTAL ASSETS
Total Short-Term Assets $3.427B $2.604B
Total Long-Term Assets $2.870B $2.767B
Total Assets $6.298B $5.370B
YoY Change 17.27% -1.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.073B $819.6M
YoY Change 30.89% 18.51%
Accrued Expenses $329.0M $330.4M
YoY Change -0.42% 55.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.40M $31.20M
YoY Change 3.85% 16.42%
Total Short-Term Liabilities $1.756B $1.702B
YoY Change 3.2% 6.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.215B $1.113B
YoY Change 99.07% 4.58%
Other Long-Term Liabilities $101.7M $219.4M
YoY Change -53.65% -22.96%
Total Long-Term Liabilities $101.7M $219.4M
YoY Change -53.65% -22.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.756B $1.702B
Total Long-Term Liabilities $101.7M $219.4M
Total Liabilities $1.858B $1.921B
YoY Change -3.29% 1.85%
SHAREHOLDERS EQUITY
Retained Earnings $2.872B $2.260B
YoY Change 27.08% 0.73%
Common Stock $1.099B $1.081B
YoY Change 1.6% -0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$2.456B $1.656B
YoY Change -248.31% 42.71%
Treasury Stock Shares 41.52M shares 3.233M shares
Shareholders Equity $1.321B $1.573B
YoY Change
Total Liabilities & Shareholders Equity $6.298B $5.370B
YoY Change 17.27% -1.81%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $163.1M $125.4M
YoY Change 30.06% -11.5%
Depreciation, Depletion And Amortization $60.50M $56.80M
YoY Change 6.51% 8.19%
Cash From Operating Activities $242.2M $166.6M
YoY Change 45.38% 49.15%
INVESTING ACTIVITIES
Capital Expenditures $40.80M $48.20M
YoY Change -15.35% 18.72%
Acquisitions $0.00
YoY Change
Other Investing Activities $100.0K $200.0K
YoY Change -50.0%
Cash From Investing Activities -$40.70M -$48.00M
YoY Change -15.21% 18.23%
FINANCING ACTIVITIES
Cash Dividend Paid $12.70M $11.50M
YoY Change 10.43% -195.83%
Common Stock Issuance & Retirement, Net $75.00M $73.80M
YoY Change 1.63% -9.45%
Debt Paid & Issued, Net $2.600M $1.700M
YoY Change 52.94% 112.5%
Cash From Financing Activities $249.7M -$105.9M
YoY Change -335.79% 15.36%
NET CHANGE
Cash From Operating Activities $242.2M $166.6M
Cash From Investing Activities -$40.70M -$48.00M
Cash From Financing Activities $249.7M -$105.9M
Net Change In Cash $450.9M $12.70M
YoY Change 3450.39% -161.35%
FREE CASH FLOW
Cash From Operating Activities $242.2M $166.6M
Capital Expenditures $40.80M $48.20M
Free Cash Flow $201.4M $118.4M
YoY Change 70.1% 66.53%

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1.10
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
0 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-300000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.180
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
CY2019Q1 us-gaap Finance Lease Interest Expense
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400000.0 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
400000 USD
CY2019Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
44600000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
48300000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
5100000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
7500000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9700000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9700000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
7300000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1800000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
46700000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1800000.0 USD
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
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8200000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8200000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1400000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1300000 USD
CY2018Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3100000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000000 USD
CY2018Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1600000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-100000 USD
CY2019Q1 us-gaap Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
9600000 USD
CY2018Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
0 USD
CY2019Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-15400000 USD
CY2018Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1700000 USD
CY2019Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
400000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-3700000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-4600000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-200000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-100000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
2400000 USD
CY2019Q1 us-gaap Goodwill
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2400000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
152300000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
203200000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27500000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40100000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
177800000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
129900000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-96600000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-68800000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
25900000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
29400000 USD
CY2018Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
77100000 USD
CY2019Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
4900000 USD
CY2018Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-25300000 USD
CY2019Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-2200000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-93100000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-48000000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2600000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
11600000 USD
CY2018Q1 us-gaap Increase Decrease In Inventories
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45300000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23500000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Capital Net
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-12400000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
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-7800000 USD
CY2018Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-8700000 USD
CY2019Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-6400000 USD
CY2018Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-70000000 USD
CY2019Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-57600000 USD
CY2018Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2018Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
11300000 USD
CY2019Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
18800000 USD
CY2018Q1 us-gaap Interest Income Other
InterestIncomeOther
1200000 USD
CY2019Q1 us-gaap Interest Income Other
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3200000 USD
CY2018Q1 us-gaap Interest Income Securities State And Municipal
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1200000 USD
CY2019Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
1200000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7100000 USD
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
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9100000 USD
CY2018Q4 us-gaap Inventory Net
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1012600000 USD
CY2019Q1 us-gaap Inventory Net
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991600000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
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240400000 USD
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
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248300000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
727800000 USD
CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
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699500000 USD
CY2018Q4 us-gaap Land
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15000000 USD
CY2019Q1 us-gaap Land
Land
15200000 USD
CY2019Q1 us-gaap Lease Cost
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4400000.0 USD
CY2019Q1 us-gaap Lessee Finance Lease Lease Not Yet Commenced Description
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168.0
CY2019Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
3.0
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
69100000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
35000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5800000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6900000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7200000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7900000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6300000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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5685900000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6297700000 USD
CY2018Q4 us-gaap Liabilities Current
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1582100000 USD
CY2019Q1 us-gaap Liabilities Current
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1756300000 USD
CY2018Q4 us-gaap Lines Of Credit Current
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0 USD
CY2019Q1 us-gaap Lines Of Credit Current
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0 USD
CY2018Q4 us-gaap Lines Of Credit Fair Value Disclosure
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0 USD
CY2019Q1 us-gaap Lines Of Credit Fair Value Disclosure
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100000000 USD
CY2018Q4 us-gaap Long Term Debt
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1792100000 USD
CY2019Q1 us-gaap Long Term Debt
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2142500000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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1864000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
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2214900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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31400000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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32400000 USD
CY2018Q4 us-gaap Long Term Line Of Credit
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0 USD
CY2019Q1 us-gaap Long Term Line Of Credit
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100000000 USD
CY2018Q4 us-gaap Minority Interest
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500000 USD
CY2019Q1 us-gaap Minority Interest
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500000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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249700000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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166600000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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242200000 USD
CY2018Q1 us-gaap Net Income Loss
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125400000 USD
CY2019Q1 us-gaap Net Income Loss
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163100000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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125300000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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163000000 USD
CY2019Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
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52700000 USD
CY2018Q4 us-gaap Nontrade Receivables Current
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17900000 USD
CY2019Q1 us-gaap Nontrade Receivables Current
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39400000 USD
CY2018Q1 us-gaap Operating Income Loss
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159500000 USD
CY2019Q1 us-gaap Operating Income Loss
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233000000 USD
CY2019Q1 us-gaap Operating Lease Cost
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2200000.0 USD
CY2019Q1 us-gaap Operating Lease Liability
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51300000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
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0 USD
CY2019Q1 us-gaap Operating Lease Liability Current
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5600000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
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0 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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45700000 USD
CY2019Q1 us-gaap Operating Lease Payments
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2200000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
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0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51300000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.1
CY2018Q4 us-gaap Other Assets Current
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48300000 USD
CY2019Q1 us-gaap Other Assets Current
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31300000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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288200000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
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276100000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
13600000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9400000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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14600000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Debt
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250000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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10000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
300000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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200000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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100000 USD
CY2018Q4 us-gaap Other Inventory Capitalized Costs
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37300000 USD
CY2019Q1 us-gaap Other Inventory Capitalized Costs
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34700000 USD
CY2018Q4 us-gaap Other Liabilities Current
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58200000 USD
CY2019Q1 us-gaap Other Liabilities Current
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79800000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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135600000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
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101700000 USD
CY2018Q4 us-gaap Other Long Term Debt Current
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1600000 USD
CY2019Q1 us-gaap Other Long Term Debt Current
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1600000 USD
CY2018Q4 us-gaap Other Long Term Debt Noncurrent
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59300000 USD
CY2019Q1 us-gaap Other Long Term Debt Noncurrent
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58600000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
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4100000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
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CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
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200000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
100000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
73800000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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75000000 USD
CY2018Q1 us-gaap Payments Of Dividends
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11500000 USD
CY2019Q1 us-gaap Payments Of Dividends
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12700000 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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12700000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10000000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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48200000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40800000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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34600000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
33800000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
250000000 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
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0 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2018Q4 us-gaap Product Liability Accrual Component Amount
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41000000 USD
CY2019Q1 us-gaap Product Liability Accrual Component Amount
ProductLiabilityAccrualComponentAmount
0 USD
CY2018 us-gaap Product Liability Contingency Loss Exposure In Excess Of Accrual Best Estimate
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34000000.0 USD
CY2019Q1 us-gaap Product Liability Contingency Loss Exposure In Excess Of Accrual Best Estimate
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12000000.0 USD
CY2019Q1 us-gaap Product Warranty Accrual Payments
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CY2018Q4 us-gaap Property Plant And Equipment Gross
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4064000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4139500000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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2167600000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2183700000 USD
CY2018Q4 us-gaap Provision For Loss On Contracts
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12400000 USD
CY2019Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
15200000 USD
CY2018Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 USD
CY2019Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 USD
CY2018Q1 us-gaap Repayments Of Debt
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6200000 USD
CY2019Q1 us-gaap Repayments Of Debt
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0 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1700000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
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2600000 USD
CY2018Q1 us-gaap Research And Development Expense
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9400000 USD
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12900000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
300000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
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300000 USD
CY2017Q4 us-gaap Restricted Cash Current
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2200000 USD
CY2018Q1 us-gaap Restricted Cash Current
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400000 USD
CY2018Q4 us-gaap Restricted Cash Current
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300000 USD
CY2019Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
300000 USD
CY2017Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
20000000 USD
CY2018Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
19900000 USD
CY2018Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
20200000 USD
CY2019Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
16300000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2713200000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2871900000 USD
CY2018Q1 us-gaap Revenues
Revenues
1736100000 USD
CY2019Q1 us-gaap Revenues
Revenues
1967800000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
56200000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
63600000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7100000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7700000 USD
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CY2019Q1 spr Changeindefinedbenefitpensionplansdisclosurestextblock
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension and Other Post-Retirement Benefits</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:72%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Defined&#160;Benefit&#160;Plans</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For&#160;the&#160;Three</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Months&#160;Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Components&#160;of&#160;Net&#160;Periodic&#160;Pension Expense/(Income)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;28, <br clear="none"/>2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;29, <br clear="none"/>2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic pension (income) expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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