2021 Q3 Form 10-K Financial Statement

#000073026321000014 Filed on September 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 2020 Q3
Revenue $3.593B $12.32B $2.324B
YoY Change 54.58% 50.8% 0.55%
Cost Of Revenue $2.997B $10.42B $1.977B
YoY Change 51.6% 47.84% -0.15%
Gross Profit $596.0M $1.895B $347.4M
YoY Change 71.55% 69.47% 4.7%
Gross Profit Margin 16.59% 15.38% 14.95%
Selling, General & Admin $250.1M $869.9M $155.2M
YoY Change 61.17% 37.18% -9.4%
% of Gross Profit 41.97% 45.91% 44.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.94M $230.6M $51.50M
YoY Change 18.33% 17.54% 0.59%
% of Gross Profit 10.23% 12.17% 14.82%
Operating Expenses $275.4M $869.9M $174.3M
YoY Change 57.99% 37.18% -8.98%
Operating Profit $320.6M $1.025B $173.1M
YoY Change 85.2% 111.75% 23.38%
Interest Expense -$18.96M $94.34M -$24.90M
YoY Change -23.86% -12.09% -11.7%
% of Operating Profit -5.91% 9.2% -14.38%
Other Income/Expense, Net $30.25M
YoY Change 9818.69%
Pretax Income $301.6M $844.6M $148.2M
YoY Change 103.52% 209.49% 34.97%
Income Tax $70.30M $183.7M $28.40M
% Of Pretax Income 23.31% 21.75% 19.16%
Net Earnings $230.3M $659.9M $119.2M
YoY Change 93.19% 195.94% 29.42%
Net Earnings / Revenue 6.41% 5.36% 5.13%
Basic Earnings Per Share $11.93
Diluted Earnings Per Share $4.119M $11.85 $2.144M
COMMON SHARES
Basic Shares Outstanding 55.37M shares 55.33M shares 55.20M shares
Diluted Shares Outstanding 55.69M shares

Balance Sheet

Concept 2021 Q3 2021 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $445.9M $445.9M $538.5M
YoY Change -17.2% -17.2% 26.53%
Cash & Equivalents $445.9M $445.9M $538.5M
Short-Term Investments
Other Short-Term Assets $38.36M $38.36M $33.20M
YoY Change 15.53% 15.53% -50.81%
Inventory $1.369B $1.369B $716.3M
Prepaid Expenses
Receivables $796.5M $796.5M $588.1M
Other Receivables $153.4M $153.4M $226.1M
Total Short-Term Assets $2.804B $2.804B $2.102B
YoY Change 33.36% 33.36% 3.19%
LONG-TERM ASSETS
Property, Plant & Equipment $1.185B $1.185B $1.108B
YoY Change 7.0% 7.0% 1.39%
Goodwill $1.563B $1.477B
YoY Change 5.87% 8.73%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $2.665B $165.0M $2.562B
YoY Change 4.06% -3.11% 1.22%
Total Long-Term Assets $3.851B $3.851B $3.669B
YoY Change 4.94% 4.94% 1.27%
TOTAL ASSETS
Total Short-Term Assets $2.804B $2.804B $2.102B
Total Long-Term Assets $3.851B $3.851B $3.669B
Total Assets $6.654B $6.654B $5.771B
YoY Change 15.29% 15.29% 1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $915.0M $915.0M $636.5M
YoY Change 43.76% 43.76% 15.34%
Accrued Expenses $426.2M $426.2M $278.2M
YoY Change 53.19% 53.19% 12.09%
Deferred Revenue
YoY Change
Short-Term Debt $25.72M $25.72M $35.90M
YoY Change -28.36% -28.36% -18.59%
Long-Term Debt Due $12.41M $13.49M $13.82M
YoY Change -10.18% -5.65% -20.45%
Total Short-Term Liabilities $1.795B $1.795B $1.515B
YoY Change 18.45% 18.44% 4.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.595B $1.600B $1.653B
YoY Change -3.51% -3.5% -12.33%
Other Long-Term Liabilities $186.9M $198.1M $121.2M
YoY Change 54.22% 53.32% 42.37%
Total Long-Term Liabilities $1.911B $1.798B $1.911B
YoY Change 0.03% 0.6% -9.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.795B $1.795B $1.515B
Total Long-Term Liabilities $1.911B $1.798B $1.911B
Total Liabilities $3.706B $3.732B $3.426B
YoY Change 8.18% 8.13% -3.91%
SHAREHOLDERS EQUITY
Retained Earnings $2.770B $2.201B
YoY Change 25.85% 6.52%
Common Stock $467.0M $443.4M
YoY Change 5.34% 4.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $360.2M $351.9M
YoY Change 2.36% 1.08%
Treasury Stock Shares 10.29M shares 10.20M shares
Shareholders Equity $2.922B $2.922B $2.320B
YoY Change
Total Liabilities & Shareholders Equity $6.654B $6.654B $5.771B
YoY Change 15.29% 15.29% 1.96%

Cashflow Statement

Concept 2021 Q3 2021 2020 Q3
OPERATING ACTIVITIES
Net Income $230.3M $659.9M $119.2M
YoY Change 93.19% 195.94% 29.42%
Depreciation, Depletion And Amortization $60.94M $230.6M $51.50M
YoY Change 18.33% 17.54% 0.59%
Cash From Operating Activities $351.4M $526.5M $303.6M
YoY Change 15.75% -2.67% -8.61%
INVESTING ACTIVITIES
Capital Expenditures -$47.67M -$128.8M -$29.40M
YoY Change 62.15% 20.75% -36.77%
Acquisitions $310.9M
YoY Change
Other Investing Activities $208.0K -$9.330M $800.0K
YoY Change -74.0% -278.43% -140.0%
Cash From Investing Activities -$47.46M -$428.5M -$28.50M
YoY Change 66.54% 408.6% -41.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -145.6M -$188.4M -417.9M
YoY Change -65.15% -52.04% 32.08%
NET CHANGE
Cash From Operating Activities 351.4M $526.5M 303.6M
Cash From Investing Activities -47.46M -$428.5M -28.50M
Cash From Financing Activities -145.6M -$188.4M -417.9M
Net Change In Cash 158.3M -$92.66M -142.8M
YoY Change -210.86% -202.84% 338.04%
FREE CASH FLOW
Cash From Operating Activities $351.4M $526.5M $303.6M
Capital Expenditures -$47.67M -$128.8M -$29.40M
Free Cash Flow $399.1M $655.3M $333.0M
YoY Change 19.84% 1.19% -12.07%

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StockIssued1
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">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 accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Key estimates include the valuation of acquired assets and liabilities, reserves for inventory, incurred but not reported medical claims, warranty claims, workers’ compensation claims, vehicle repurchases, uncertain tax positions, product and non-product litigation and assumptions made in asset impairment assessments. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. The Company believes that such estimates are made using consistent and appropriate methods. Actual results could differ from these estimates.</span>
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38643000 USD
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0.50
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
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P3Y
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WeightedAverageNumberOfSharesOutstandingBasic
55333959 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55172694 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53905667 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
353294 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
224682 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
121019 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
55687253 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55397376 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54026686 shares
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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12581282000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
8870746000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
9067750000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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667308000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
223861000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
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136831000 USD
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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12.06
CY2020 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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4.06
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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2.54
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11.98
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4.04
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.53
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3
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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12317380000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8167933000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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7864758000 USD
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844581000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
272896000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
184666000 USD
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CY2020Q3 us-gaap Assets
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5771460000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
230581000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
196167000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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148777000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
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131681000 USD
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105823000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
127245000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12317380000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8167933000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7864758000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
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1185131000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
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P6M
CY2021 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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-1943000 USD
CY2020 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
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CY2019 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
7780000 USD
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
10168000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-9351000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2020Q3 us-gaap Inventory Lifo Reserve
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46959000 USD
CY2021Q3 us-gaap Inventory Work In Process
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376594000 USD
CY2020Q3 us-gaap Inventory Work In Process
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128181000 USD
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602106000 USD
CY2020Q3 us-gaap Inventory Raw Materials
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302813000 USD
CY2021Q3 tho Inventory Chassis
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292921000 USD
CY2020Q3 tho Inventory Chassis
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135194000 USD
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1444274000 USD
CY2020Q3 us-gaap Inventory Gross
InventoryGross
763264000 USD
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CY2020Q3 tho Property Plant And Equipment And Finance Lease And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1456986000 USD
CY2021Q3 tho Property Plant And Equipment And Finance Lease And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseAndOperatingLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
443454000 USD
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CY2020Q3 us-gaap Inventory Net
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1444274000 USD
CY2020Q3 us-gaap Inventory Gross
InventoryGross
763264000 USD
CY2021Q3 tho Operating Lease Right Of Use Asset Before Accumulated Depreciation
OperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciation
42601000 USD
CY2020Q3 tho Operating Lease Right Of Use Asset Before Accumulated Depreciation
OperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciation
33609000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
7010000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
3672000 USD
CY2021Q3 tho Property Plant And Equipment And Finance Lease And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1628585000 USD
CY2020Q3 tho Property Plant And Equipment And Finance Lease And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1107649000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
87817000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2021Q3 tho Property Plant And Equipment And Finance Lease And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1185131000 USD
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FiniteLivedIntangibleAssetsGross
1390126000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
452955000 USD
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FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
340717000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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124151000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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GoodwillImpairmentLoss
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937171000 USD
CY2021 us-gaap Goodwill Impairment Loss
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GoodwillImpairmentLoss
0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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444415000 USD
us-gaap Goodwill Impairment Loss
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CY2019Q3 us-gaap Goodwill
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CY2020 us-gaap Goodwill Acquired During Period
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CY2020 us-gaap Goodwill Purchase Accounting Adjustments
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CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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56308000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020Q3 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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2728000 USD
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CY2021Q3 us-gaap Goodwill
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27401000 USD
CY2021Q3 us-gaap Goodwill
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CY2020Q3 us-gaap Goodwill
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261851000 USD
CY2020 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
198873000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
233927000 USD
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CY2020 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
238590000 USD
CY2019 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2021 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
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11032000 USD
CY2020 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
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CY2019 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
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43329000 USD
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-492000 USD
CY2020 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
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CY2019 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1434000 USD
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267620000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
252869000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual Current
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289679000 USD
CY2021Q3 us-gaap Unsecured Debt
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CY2020Q3 us-gaap Unsecured Debt
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CY2020Q3 us-gaap Deferred Finance Costs Net
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CY2021Q3 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt
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12411000 USD
CY2020Q3 us-gaap Long Term Debt Current
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CY2021Q3 us-gaap Long Term Debt Noncurrent
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1594821000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
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CY2021Q3 us-gaap Unsecured Debt
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CY2021Q3 us-gaap Unsecured Debt
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CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
119319000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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272896000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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184666000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
17571000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1842000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
192621000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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38779000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1478000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
12942000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
20407000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7616000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4642000 USD
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IncomeTaxReconciliationNondeductibleExpenseAcquisitionCosts
0 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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6418000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2249000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2401000 USD
CY2021 tho Income Tax Reconciliation Nondeductible Expense Acquisition Costs
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0 USD
CY2019 tho Income Tax Reconciliation Nondeductible Expense Acquisition Costs
IncomeTaxReconciliationNondeductibleExpenseAcquisitionCosts
3031000 USD
CY2021 tho Income Tax Reconciliation Nondeductible Expense Foreign Currency Forward Contract Loss On Acquisition
IncomeTaxReconciliationNondeductibleExpenseForeignCurrencyForwardContractLossOnAcquisition
0 USD
CY2020 tho Income Tax Reconciliation Nondeductible Expense Foreign Currency Forward Contract Loss On Acquisition
IncomeTaxReconciliationNondeductibleExpenseForeignCurrencyForwardContractLossOnAcquisition
0 USD
CY2019 tho Income Tax Reconciliation Nondeductible Expense Foreign Currency Forward Contract Loss On Acquisition
IncomeTaxReconciliationNondeductibleExpenseForeignCurrencyForwardContractLossOnAcquisition
14863000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
3530000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
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183711000 USD
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
52201000 USD
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DeferredTaxAssetsLiabilitiesInventory
3158000 USD
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DeferredTaxAssetsLiabilitiesInventory
1000000 USD
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10485000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
7353000 USD
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6949000 USD
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
4923000 USD
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53258000 USD
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53586000 USD
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4403000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
4316000 USD
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934000 USD
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
1027000 USD
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7496000 USD
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6733000 USD
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36662000 USD
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
28438000 USD
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DeferredTaxAssetsOperatingLeases
10615000 USD
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DeferredTaxAssetsOperatingLeases
9110000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
19260000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
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173360000 USD
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147423000 USD
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DeferredTaxAssetsOperatingLossCarryforwards
32877000 USD
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609000 USD
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DeferredTaxAssetsUnrealizedCurrencyLosses
4892000 USD
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DeferredTaxAssetsUnrecognizedTaxBenefitsNonCurrent
3946000 USD
CY2021Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
70037000 USD
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DeferredTaxAssetsUnrecognizedTaxBenefitsNonCurrent
3046000 USD
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DeferredTaxAssetsOther
-4949000 USD
CY2020Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4558000 USD
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17193000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18500000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
72382000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
45064000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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13631000 USD
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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11606000 USD
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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11332000 USD
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GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
14238000 USD
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GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
13848000 USD
CY2018Q3 tho Gross Amount Of Unrecognized Tax Benefits Excluding Interest And Penalties Pertaining To Uncertain Tax Positions
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13004000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
72000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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73000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
129000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
263000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4346000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1966000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2062000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3363000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
773000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2701000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1520000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
918000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
4710000 USD
CY2020Q3 tho Standby Repurchase Obligations On Dealer Inventory Financing
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1876922000 USD
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UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
736000 USD
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GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
17025000 USD
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GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
14238000 USD
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UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
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GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
13848000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2967000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2516000 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestIncomeExpenses
238000 USD
CY2020 tho Unrecognized Tax Benefits Income Tax Penalties And Interest Income Expenses
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestIncomeExpenses
544000 USD
CY2019 tho Unrecognized Tax Benefits Income Tax Penalties And Interest Income Expenses
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestIncomeExpenses
454000 USD
CY2021Q3 tho Gross Amount Of Unrecognized Tax Benefits Excluding Interest And Penalties Pertaining To Uncertain Tax Positions
GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
17025000 USD
CY2020Q3 tho Gross Amount Of Unrecognized Tax Benefits Excluding Interest And Penalties Pertaining To Uncertain Tax Positions
GrossAmountOfUnrecognizedTaxBenefitsExcludingInterestAndPenaltiesPertainingToUncertainTaxPositions
14238000 USD
CY2021Q3 tho Unrecognized Tax Benefits Decreases Resulting From Tax Credit Carry Forward
UnrecognizedTaxBenefitsDecreasesResultingFromTaxCreditCarryForward
725000 USD
CY2020Q3 tho Unrecognized Tax Benefits Decreases Resulting From Tax Credit Carry Forward
UnrecognizedTaxBenefitsDecreasesResultingFromTaxCreditCarryForward
809000 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2967000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2516000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19267000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15945000 USD
CY2021Q3 tho Unrecognized Tax Benefits Current
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3423000 USD
CY2020Q3 tho Unrecognized Tax Benefits Current
UnrecognizedTaxBenefitsCurrent
3180000 USD
CY2021Q3 tho Long Term Portion Of Unrecognized Tax Benefits Including Interest And Penalties
LongTermPortionOfUnrecognizedTaxBenefitsIncludingInterestAndPenalties
15844000 USD
CY2020Q3 tho Long Term Portion Of Unrecognized Tax Benefits Including Interest And Penalties
LongTermPortionOfUnrecognizedTaxBenefitsIncludingInterestAndPenalties
12765000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19267000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15945000 USD
CY2021Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
4600000 USD
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1600000 USD
CY2021Q3 tho Standby Repurchase Obligations On Dealer Inventory Financing
StandbyRepurchaseObligationsOnDealerInventoryFinancing
1821012000 USD
CY2021 tho Terms Of Commitments Under Repurchase Agreements For Repurchase Of Products Sold To Dealers
TermsOfCommitmentsUnderRepurchaseAgreementsForRepurchaseOfProductsSoldToDealers
P18M
CY2021Q3 tho Repurchase And Guarantee Reserve Balances
RepurchaseAndGuaranteeReserveBalances
6023000 USD
CY2020Q3 tho Repurchase And Guarantee Reserve Balances
RepurchaseAndGuaranteeReserveBalances
7747000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
18140000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
12580000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
662000 USD
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FinanceLeaseRightOfUseAssetAmortization
544000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
520000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
531000 USD
CY2021 us-gaap Lease Cost
LeaseCost
19322000 USD
CY2020 us-gaap Lease Cost
LeaseCost
13655000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
18054000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
12487000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16636000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33609000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8944000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5343000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42601000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33923000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28456000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
42867000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33799000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7010000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3672000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1081000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
505000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4694000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4743000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
5775000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
5248000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y1M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P13Y7M6D
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P5Y1M6D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.089
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.097
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13923000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1555000 USD
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10576000 USD
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1578000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7763000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1059000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5188000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1083000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3530000 USD
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FinanceLeaseLiabilityPaymentsDueYearFive
1107000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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18267000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
954000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
59247000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7336000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16380000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1561000 USD
CY2021Q3 us-gaap Operating Lease Liability
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42867000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
5775000 USD
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OperatingLeaseExpense
8825000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19448000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y9M21D
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3532000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4775000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4550000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12317380000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8167933000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7864758000 USD

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