$THS
TreeHouse Foods, Inc.

2023 Q2 Form 10-Q Financial Statement

#000132069523000098 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $843.6M $894.8M $1.141B
YoY Change -29.56% -21.58% 7.92%
Cost Of Revenue $710.8M $742.5M $986.0M
YoY Change -31.37% -24.7% 12.53%
Gross Profit $132.8M $152.3M $155.0M
YoY Change -17.97% -1.74% -14.41%
Gross Profit Margin 15.74% 17.02% 13.58%
Selling, General & Admin $94.00M $98.40M $146.2M
YoY Change -37.29% -32.69% 10.76%
% of Gross Profit 70.78% 64.61% 94.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.40M $36.00M $53.10M
YoY Change -55.0% -32.2% -0.75%
% of Gross Profit 17.62% 23.64% 34.26%
Operating Expenses $103.3M $113.0M $195.7M
YoY Change -43.74% -42.26% 15.05%
Operating Profit $29.50M $39.30M -$40.70M
YoY Change -235.94% -196.56% -470.0%
Interest Expense $19.20M $17.80M $19.20M
YoY Change -6.8% -7.29% -23.51%
% of Operating Profit 65.08% 45.29%
Other Income/Expense, Net $1.100M -$13.20M $39.10M
YoY Change -109.24% -133.76% -462.04%
Pretax Income $30.60M $26.10M -$1.600M
YoY Change -191.07% -1731.25% -900.0%
Income Tax $8.900M $6.900M $1.200M
% Of Pretax Income 29.08% 26.44%
Net Earnings $23.30M $15.20M -$3.000M
YoY Change -179.25% -606.67% -300.0%
Net Earnings / Revenue 2.76% 1.7% -0.26%
Basic Earnings Per Share $0.41 $0.27 -$0.05
Diluted Earnings Per Share $0.41 $0.27 -$0.05
COMMON SHARES
Basic Shares Outstanding 56.31M shares 56.11M shares 55.80M shares
Diluted Shares Outstanding 56.80M shares 56.70M shares 55.80M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.90M $14.60M $192.8M
YoY Change -91.51% -92.43% 295.08%
Cash & Equivalents $16.90M $14.60M $192.8M
Short-Term Investments
Other Short-Term Assets $21.40M $30.80M $78.90M
YoY Change -73.45% -60.96% -55.2%
Inventory $673.4M $628.0M $741.6M
Prepaid Expenses
Receivables $305.4M $329.3M $327.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $875.2M $831.8M $1.278B
YoY Change -35.27% -34.89% 14.18%
LONG-TERM ASSETS
Property, Plant & Equipment $926.1M $850.3M $1.195B
YoY Change -21.54% -28.85% -1.09%
Goodwill $1.825B $1.818B $2.184B
YoY Change -16.3% -16.77% 0.19%
Intangibles $279.5M $284.9M $539.9M
YoY Change -46.54% -47.23% -10.08%
Long-Term Investments
YoY Change
Other Assets $50.90M $41.20M $31.60M
YoY Change 57.59% 30.38% -9.71%
Total Long-Term Assets $3.505B $3.422B $3.951B
YoY Change -10.48% -13.38% -1.81%
TOTAL ASSETS
Total Short-Term Assets $875.2M $831.8M $1.278B
Total Long-Term Assets $3.505B $3.422B $3.951B
Total Assets $4.380B $4.254B $5.228B
YoY Change -16.84% -18.63% 1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $526.5M $594.7M $840.5M
YoY Change -42.48% -29.24% 37.76%
Accrued Expenses $164.9M $181.3M $240.3M
YoY Change -34.12% -24.55% -18.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K $600.0K $4.700M
YoY Change -93.83% -87.23% -70.44%
Total Short-Term Liabilities $691.9M $776.5M $1.086B
YoY Change -41.05% -28.47% 17.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.595B $1.433B $1.887B
YoY Change -15.34% -24.07% -2.24%
Other Long-Term Liabilities $76.20M $73.60M $80.10M
YoY Change 3.11% -8.11% -36.07%
Total Long-Term Liabilities $76.20M $73.60M $80.10M
YoY Change 3.11% -8.11% -36.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $691.9M $776.5M $1.086B
Total Long-Term Liabilities $76.20M $73.60M $80.10M
Total Liabilities $2.646B $2.550B $3.380B
YoY Change -23.4% -24.58% 3.12%
SHAREHOLDERS EQUITY
Retained Earnings -$263.5M -$286.8M -$158.7M
YoY Change 40.09% 80.72% 12.0%
Common Stock $2.213B $2.207B $2.188B
YoY Change 0.83% 0.86% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $133.3M
YoY Change 23.08%
Treasury Stock Shares
Shareholders Equity $1.735B $1.704B $1.848B
YoY Change
Total Liabilities & Shareholders Equity $4.380B $4.254B $5.228B
YoY Change -16.84% -18.63% 1.67%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $23.30M $15.20M -$3.000M
YoY Change -179.25% -606.67% -300.0%
Depreciation, Depletion And Amortization $23.40M $36.00M $53.10M
YoY Change -55.0% -32.2% -0.75%
Cash From Operating Activities -$18.90M -$30.90M -$70.60M
YoY Change -142.95% -56.23% 720.93%
INVESTING ACTIVITIES
Capital Expenditures $22.70M $30.60M $27.80M
YoY Change -162.53% 10.07% -0.71%
Acquisitions
YoY Change
Other Investing Activities -$117.4M $0.00 $4.800M
YoY Change -100.0% -72.88%
Cash From Investing Activities -$140.1M -$32.00M -$25.70M
YoY Change 285.95% 24.51% 88.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 160.7M $32.50M -$19.70M
YoY Change -40275.0% -264.97% -93.28%
NET CHANGE
Cash From Operating Activities -18.90M -$30.90M -$70.60M
Cash From Investing Activities -140.1M -$32.00M -$25.70M
Cash From Financing Activities 160.7M $32.50M -$19.70M
Net Change In Cash 1.700M -$28.40M -$115.8M
YoY Change -76.71% -75.47% -63.33%
FREE CASH FLOW
Cash From Operating Activities -$18.90M -$30.90M -$70.60M
Capital Expenditures $22.70M $30.60M $27.80M
Free Cash Flow -$41.60M -$61.50M -$98.40M
YoY Change -151.81% -37.5% 168.85%

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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4400000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4300000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1847800000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1687000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
15200000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-5300000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7200000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1704400000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
15200000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-3000000.0 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-4000000.0 usd
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
10800000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
19200000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13800000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36000000.0 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36500000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7200000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3800000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5900000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
50800000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-12300000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
100000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-500000 usd
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
38900000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
38300000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
34000000.0 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7100000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7000000.0 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-20300000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
24300000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-22500000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16100000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-30900000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-96100000 usd
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
CY2022Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
25500000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-30900000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30600000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16900000 usd
CY2023Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1400000 usd
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2500000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4800000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-32000000.0 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-14600000 usd
CY2023Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
CY2022Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-11100000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32000000.0 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
770800000 usd
CY2022Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
30500000 usd
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
732800000 usd
CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30500000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1600000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
14300000 usd
CY2023Q1 ths Payments Related To Stock Based Award Activities
PaymentsRelatedToStockBasedAwardActivities
5300000 usd
CY2022Q1 ths Payments Related To Stock Based Award Activities
PaymentsRelatedToStockBasedAwardActivities
3300000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
32500000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-19600000 usd
CY2023Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
CY2022Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-100000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32500000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19700000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2000000.0 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
200000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28400000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-115800000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
0 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
4100000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
0 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
4300000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43000000.0 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
304500000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14600000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
188500000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
27400000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
17100000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5500000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
100000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14400000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27300000 usd
CY2023Q1 ths Accrued Other Intangible Assets
AccruedOtherIntangibleAssets
400000 usd
CY2022Q1 ths Accrued Other Intangible Assets
AccruedOtherIntangibleAssets
1400000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8500000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36000000.0 usd
CY2023Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
1100000 usd
CY2022Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation. Specifically, Interest income has been reclassified out of Other expense (income), net within the Condensed Consolidated Statements of Operations.</span></div>
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our Condensed Consolidated Financial Statements in conformity with GAAP requires management to use judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates.</span></div>
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q1 ths Number Of Operating Segment Managers
NumberOfOperatingSegmentManagers
1 segment_manager
CY2022Q4 ths Financing Receivable Interest Paid In Kind In Year One Percent
FinancingReceivableInterestPaidInKindInYearOnePercent
0.01
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
15300000 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
30100000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
13000000.0 usd
CY2023Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
3800000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
11400000 usd
CY2023Q1 ths Receivable Sales Program Termination Period
ReceivableSalesProgramTerminationPeriod
P60D
CY2023Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
0 usd
CY2022Q4 ths Financing Receivable Interest Rate Year One And Two
FinancingReceivableInterestRateYearOneAndTwo
0.10
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
329300000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
347100000 usd
CY2023Q1 us-gaap Receivables From Customers
ReceivablesFromCustomers
186600000 usd
CY2022Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
204500000 usd
CY2023Q1 ths Receivables Sale
ReceivablesSale
471900000 usd
CY2022Q1 ths Receivables Sale
ReceivablesSale
512800000 usd
CY2023Q1 ths Collection Of Cash Receivables
CollectionOfCashReceivables
489700000 usd
CY2022Q1 ths Collection Of Cash Receivables
CollectionOfCashReceivables
543100000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-3300000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-400000 usd
CY2022Q4 ths Financing Receivable Interest Rate Year Three
FinancingReceivableInterestRateYearThree
0.11
CY2022Q4 ths Financing Receivable Interest Rate Year Four
FinancingReceivableInterestRateYearFour
0.12
CY2022Q4 ths Financing Receivable Interest Rate After Year Four
FinancingReceivableInterestRateAfterYearFour
0.13
CY2023Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
255300000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
232000000.0 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
372700000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
357500000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
628000000.0 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
589500000 usd
CY2023Q1 ths Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
1100000 usd
CY2022Q1 ths Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
0 usd
CY2022Q4 ths Financing Receivable Term
FinancingReceivableTerm
P5Y
CY2022Q4 ths Financing Receivables Prepayments Quarterly Basis Percent
FinancingReceivablesPrepaymentsQuarterlyBasisPercent
0.0025
CY2023Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
428100000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
427000000 usd
CY2023Q1 us-gaap Interest Income Financing Receivable Before Allowance For Credit Loss
InterestIncomeFinancingReceivableBeforeAllowanceForCreditLoss
10700000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1850600000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
33000000.0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1817600000 usd
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
100000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
1817700000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
783200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
504300000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
278900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
782300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
492300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
290000000.0 usd
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
789200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
504300000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
284900000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
788300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
492300000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
296000000.0 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.143
CY2023Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
-300000 usd
CY2023Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
-300000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1000000.0 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1200000 usd
CY2023Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1444000000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1406200000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11000000.0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11600000 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
500000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
600000 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1432500000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1394000000 usd
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1394700000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1443000000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1335800000 usd
CY2022Q4 us-gaap Long Term Debt
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1405000000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56100000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55800000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56700000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55800000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7200000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3800000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
900000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
900000 usd
CY2022Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
4300000 usd
CY2022Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-100000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4400000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 usd
CY2023Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
15300000 usd
CY2022Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
30100000 usd
CY2023Q1 ths Discontinued Operation Transition Services Agreement Income
DiscontinuedOperationTransitionServicesAgreementIncome
13400000 usd
CY2022Q1 ths Discontinued Operation Transition Services Agreement Income
DiscontinuedOperationTransitionServicesAgreementIncome
0 usd
CY2023Q1 ths Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
-700000 usd
CY2022Q1 ths Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
1000000.0 usd
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2600000 usd
CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-29100000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
27000000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-5900000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
50800000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
3600000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-3300000 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2300000 usd
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
47500000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
894800000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
772600000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
894800000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
772600000 usd

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