2023 Q1 Form 10-K Financial Statement

#000009721623000012 Filed on February 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.236B $1.218B $4.418B
YoY Change 23.26% 22.98% 13.66%
Cost Of Revenue $957.0M $982.2M $3.547B
YoY Change 17.18% 20.04% 13.33%
Gross Profit $278.7M $235.4M $871.2M
YoY Change 50.0% 36.94% 15.03%
Gross Profit Margin 22.55% 19.33% 19.72%
Selling, General & Admin $131.0M $114.6M $451.2M
YoY Change 17.7% 12.24% 5.08%
% of Gross Profit 47.0% 48.68% 51.79%
Research & Development $55.80M
YoY Change 6.9%
% of Gross Profit 6.4%
Depreciation & Amortization $12.10M $12.10M $47.20M
YoY Change 3.42% -1.63% -5.98%
% of Gross Profit 4.34% 5.14% 5.42%
Operating Expenses $131.0M $114.6M $507.0M
YoY Change 17.7% 12.24% 5.27%
Operating Profit $147.7M $120.8M $420.0M
YoY Change 98.26% 73.07% 28.05%
Interest Expense $14.90M -$12.60M $49.10M
YoY Change 40.57% 24.75% -4.66%
% of Operating Profit 10.09% -10.43% 11.69%
Other Income/Expense, Net -$1.600M -$2.200M -$6.800M
YoY Change 433.33% -121.36% -152.31%
Pretax Income $133.2M $105.8M $366.6M
YoY Change 107.48% 54.9% 38.97%
Income Tax $23.30M $13.80M $66.40M
% Of Pretax Income 17.49% 13.04% 18.11%
Net Earnings $112.6M $92.20M $300.0M
YoY Change 116.96% 56.8% 35.81%
Net Earnings / Revenue 9.11% 7.57% 6.79%
Basic Earnings Per Share $1.66 $4.38
Diluted Earnings Per Share $1.64 $1.34 $4.32
COMMON SHARES
Basic Shares Outstanding 67.50M shares 67.50M shares 68.50M shares
Diluted Shares Outstanding 68.80M shares 69.40M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.2M $304.1M $304.1M
YoY Change 16.39% 13.94% 13.94%
Cash & Equivalents $254.2M $304.1M $304.1M
Short-Term Investments
Other Short-Term Assets $122.9M $122.0M $122.0M
YoY Change -27.62% -32.11% -32.11%
Inventory $1.083B $988.4M $988.4M
Prepaid Expenses $122.9M $122.0M
Receivables $630.1M $547.5M $547.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.090B $1.962B $1.962B
YoY Change 13.91% 10.99% 10.99%
LONG-TERM ASSETS
Property, Plant & Equipment $478.9M $465.6M $465.6M
YoY Change 10.37% 8.38% -11.95%
Goodwill $287.2M $284.4M
YoY Change 4.28% 1.54%
Intangibles $16.80M $17.40M
YoY Change 32.28% 29.85%
Long-Term Investments
YoY Change
Other Assets $407.9M $388.7M $388.7M
YoY Change 6.56% 4.32% 42.17%
Total Long-Term Assets $1.191B $1.156B $1.156B
YoY Change 7.78% 5.51% 5.51%
TOTAL ASSETS
Total Short-Term Assets $2.090B $1.962B $1.962B
Total Long-Term Assets $1.191B $1.156B $1.156B
Total Assets $3.281B $3.118B $3.118B
YoY Change 11.61% 8.89% 8.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $686.7M $624.6M $624.6M
YoY Change 20.16% 16.16% 16.16%
Accrued Expenses $129.3M $129.3M
YoY Change -22.99% -22.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.100M $1.900M $1.900M
YoY Change 10.53% -66.07% -66.07%
Total Short-Term Liabilities $1.051B $998.6M $998.6M
YoY Change 14.25% 9.75% 9.75%
LONG-TERM LIABILITIES
Long-Term Debt $774.9M $773.6M $773.6M
YoY Change 4.94% 15.72% 15.72%
Other Long-Term Liabilities $161.2M $164.7M $164.7M
YoY Change -3.99% -6.15% -6.15%
Total Long-Term Liabilities $936.1M $164.7M $938.3M
YoY Change 3.29% -80.49% 11.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.051B $998.6M $998.6M
Total Long-Term Liabilities $936.1M $164.7M $938.3M
Total Liabilities $1.987B $1.937B $1.937B
YoY Change 8.81% 10.43% 10.43%
SHAREHOLDERS EQUITY
Retained Earnings $1.303B $1.201B
YoY Change 33.02% 28.15%
Common Stock $869.8M $882.5M
YoY Change 0.95% 2.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $562.8M $560.3M
YoY Change 17.62% 21.88%
Treasury Stock Shares 17.30M shares 17.20M shares
Shareholders Equity $1.295B $1.181B $1.181B
YoY Change
Total Liabilities & Shareholders Equity $3.281B $3.118B $3.118B
YoY Change 11.61% 8.89% 8.89%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $112.6M $92.20M $300.0M
YoY Change 116.96% 56.8% 35.81%
Depreciation, Depletion And Amortization $12.10M $12.10M $47.20M
YoY Change 3.42% -1.63% -5.98%
Cash From Operating Activities $9.100M $157.0M $261.2M
YoY Change -117.6% -611.4% -10.97%
INVESTING ACTIVITIES
Capital Expenditures $20.30M $30.80M $109.6M
YoY Change -201.0% -210.0% -283.58%
Acquisitions $50.10M
YoY Change 17.33%
Other Investing Activities -$600.0K $1.100M -$5.600M
YoY Change -80.65% -237.5% -86.82%
Cash From Investing Activities -$29.70M -$29.70M -$154.1M
YoY Change 28.02% 3.13% 50.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $101.3M
YoY Change 3276.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$31.70M -68.20M -$54.90M
YoY Change -213.21% -70.53% -90.54%
NET CHANGE
Cash From Operating Activities $9.100M 157.0M $261.2M
Cash From Investing Activities -$29.70M -29.70M -$154.1M
Cash From Financing Activities -$31.70M -68.20M -$54.90M
Net Change In Cash -$49.90M 59.10M $37.20M
YoY Change 2.89% -120.32% -109.23%
FREE CASH FLOW
Cash From Operating Activities $9.100M $157.0M $261.2M
Capital Expenditures $20.30M $30.80M $109.6M
Free Cash Flow -$11.20M $126.2M $151.6M
YoY Change -64.56% -4774.07% -57.07%

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Assets
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CY2021 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
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0.05
CY2020 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
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CY2022 us-gaap Earnings Per Share Basic
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4.38
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69600000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69400000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70900000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70100000 shares
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IncomeLossFromContinuingOperationsPerDilutedShare
4.32
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.07
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2021 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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0.05
CY2020 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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4.32
CY2021 us-gaap Earnings Per Share Diluted
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CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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319200000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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283000000.0 usd
CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
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163000000.0 usd
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
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157300000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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153500000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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352700000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2022Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
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CY2022Q4 tex Inventory Work In Progress Net Of Reserves Awaiting Final Components
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36000000 usd
CY2021Q4 tex Inventory Work In Progress Net Of Reserves Awaiting Final Components
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2021Q4 us-gaap Inventory Valuation Reserves
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2020Q4 us-gaap Goodwill Gross
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CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2020Q4 us-gaap Goodwill
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275400000 usd
CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2021Q4 us-gaap Goodwill Gross
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CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2021Q4 us-gaap Goodwill
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280100000 usd
CY2022 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
346200000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2022Q4 us-gaap Goodwill
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284400000 usd
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77900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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59000000.0 usd
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FiniteLivedIntangibleAssetsNet
13400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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2600000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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2200000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1900000 usd
CY2022 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
2000000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4200000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3500000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
775500000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
674100000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1900000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
5600000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
773600000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
668500000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4900000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
100000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
177000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
600000000.0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
777300000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6000000.0 usd
CY2022Q4 tex Long Term Debt Less Unamortized Debt Issuance Fees
LongTermDebtLessUnamortizedDebtIssuanceFees
771300000 usd
CY2022 us-gaap Interest Paid
InterestPaid
37400000 usd
CY2021 us-gaap Interest Paid
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51300000 usd
CY2020 us-gaap Interest Paid
InterestPaid
58100000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
32400000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
31300000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
32000000.0 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
4300000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
4100000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4600000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4300000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4800000 usd
CY2022 us-gaap Lease Cost
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41300000 usd
CY2021 us-gaap Lease Cost
LeaseCost
39700000 usd
CY2020 us-gaap Lease Cost
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41700000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
89400000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
99200000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26300000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20200000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
62800000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
73100000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
89100000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
93300000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0489
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0477
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
29500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21900000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14000000.0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
20500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99700000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10600000 usd
CY2022Q4 us-gaap Operating Lease Liability
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89100000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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26300000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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62800000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
31300000 usd
CY2021 us-gaap Operating Lease Payments
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37100000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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20900000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31100000 usd
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
84000000 shares
CY2022Q4 tex Common Stock Shares Unissued And Unsubscribed
CommonStockSharesUnissuedAndUnsubscribed
216000000 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
560300000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4500000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 usd
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3500000 usd
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150 usd
CY2022 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
The table below presents shares repurchased, inclusive of transactions executed but not settled, by the Company under this program.<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:45.906%"><tr><td style="width:1.0%"/><td style="width:26.607%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.524%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:34.569%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended December 31,</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Number of Shares Repurchased</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount of Shares Repurchased</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in millions)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,862,650</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$96.6</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,688</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1.2</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,501,900</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$54.6</span></td></tr></table>
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CommonStockDividendsPerShareCashPaid
0.13
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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0.13
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2022Q4 us-gaap Litigation Reserve
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108000000 brl
CY2022Q4 us-gaap Litigation Reserve
LitigationReserve
20000000 usd
CY2022 tex Guarantee Terms Maximum
GuaranteeTermsMaximum
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CY2022Q4 tex Financing Receivable Allowance For Credit Losses Credit Guarantees
FinancingReceivableAllowanceForCreditLossesCreditGuarantees
6300000 usd
CY2021Q4 tex Financing Receivable Allowance For Credit Losses Credit Guarantees
FinancingReceivableAllowanceForCreditLossesCreditGuarantees
6300000 usd
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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178200000 usd
CY2022 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
-1600000 usd
CY2022 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-4900000 usd
CY2022 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
38000000.0 usd
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
133700000 usd
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
194900000 usd
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5500000 usd
CY2021 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-4600000 usd
CY2021 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
17600000 usd
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
178200000 usd
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
191400000 usd
CY2020 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
8300000 usd
CY2020 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
13400000 usd
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
18200000 usd
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
194900000 usd

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