2023 Q1 Form 10-K Financial Statement

#000009836223000040 Filed on February 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.263B $1.082B $4.497B
YoY Change 12.29% 7.42% 8.8%
Cost Of Revenue $846.0M $785.9M $3.209B
YoY Change 6.12% 1.51% 5.88%
Gross Profit $416.8M $296.1M $1.288B
YoY Change 27.31% 27.03% 16.83%
Gross Profit Margin 33.01% 27.37% 28.65%
Selling, General & Admin $186.8M $167.3M $637.1M
YoY Change 21.22% 14.35% 9.75%
% of Gross Profit 44.82% 56.5% 49.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.60M $42.00M $164.0M
YoY Change 10.14% 1.69% -2.26%
% of Gross Profit 10.94% 14.18% 12.73%
Operating Expenses $186.8M $167.3M $637.1M
YoY Change 21.22% 14.35% 9.75%
Operating Profit $187.6M $128.8M $606.9M
YoY Change 8.88% 48.39% 18.28%
Interest Expense $24.10M -$21.60M $74.60M
YoY Change 68.53% 63.64% 26.87%
% of Operating Profit 12.85% -16.77% 12.29%
Other Income/Expense, Net $3.200M $18.70M $5.500M
YoY Change 1500.0% 44.96% 587.5%
Pretax Income $168.2M $124.1M $550.9M
YoY Change 5.06% 43.14% 15.59%
Income Tax $42.50M $25.00M $133.9M
% Of Pretax Income 25.27% 20.15% 24.31%
Net Earnings $122.3M $97.20M $407.4M
YoY Change 3.47% 54.53% 10.38%
Net Earnings / Revenue 9.68% 8.98% 9.06%
Basic Earnings Per Share $1.69 $1.34 $5.54
Diluted Earnings Per Share $1.67 $1.32 $5.48
COMMON SHARES
Basic Shares Outstanding 72.39M shares 73.60M shares
Diluted Shares Outstanding 73.36M shares 74.32M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.5M $331.6M $370.8M
YoY Change -22.14% 28.98% 18.09%
Cash & Equivalents $330.5M $331.6M $331.6M
Short-Term Investments $39.20M
Other Short-Term Assets $122.8M $124.1M $138.4M
YoY Change -10.43% -17.16% 9.93%
Inventory $1.209B $1.191B $1.191B
Prepaid Expenses
Receivables $758.1M $699.6M $699.6M
Other Receivables $115.1M $103.9M $103.9M
Total Short-Term Assets $2.592B $2.504B $2.504B
YoY Change 1.73% 13.12% 13.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.229B $1.309B $1.309B
YoY Change 18.14% 24.02% 11.46%
Goodwill $1.076B $1.098B
YoY Change 6.47% 7.39%
Intangibles $755.3M $765.3M
YoY Change 16.45% 14.43%
Long-Term Investments $1.800M
YoY Change -51.35%
Other Assets $25.70M $25.00M $94.20M
YoY Change -12.59% 4.6% 7.29%
Total Long-Term Assets $3.261B $3.268B $3.268B
YoY Change 12.04% 10.52% 10.52%
TOTAL ASSETS
Total Short-Term Assets $2.592B $2.504B $2.504B
Total Long-Term Assets $3.261B $3.268B $3.268B
Total Assets $5.853B $5.772B $5.772B
YoY Change 7.23% 11.64% 11.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.5M $403.9M $403.9M
YoY Change -6.15% -6.07% -6.07%
Accrued Expenses $301.8M $296.0M $296.0M
YoY Change 45.8% 82.49% 5.04%
Deferred Revenue $45.80M $54.30M
YoY Change 1328.95%
Short-Term Debt $45.80M $46.30M $46.30M
YoY Change 53.18% 8.69% 8.69%
Long-Term Debt Due $2.800M $2.700M $2.700M
YoY Change -74.77% -75.89% -75.89%
Total Short-Term Liabilities $940.0M $1.012B $1.012B
YoY Change 8.52% 12.92% 12.92%
LONG-TERM LIABILITIES
Long-Term Debt $1.979B $1.914B $1.914B
YoY Change 13.26% 35.65% 35.65%
Other Long-Term Liabilities $100.7M $96.20M $353.1M
YoY Change 12.01% 13.31% -2.97%
Total Long-Term Liabilities $2.477B $2.407B $2.267B
YoY Change 10.7% 26.93% 27.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $940.0M $1.012B $1.012B
Total Long-Term Liabilities $2.477B $2.407B $2.267B
Total Liabilities $3.417B $3.420B $3.504B
YoY Change 10.09% 22.43% 21.85%
SHAREHOLDERS EQUITY
Retained Earnings $2.031B $1.932B
YoY Change 18.68% 19.53%
Common Stock $853.3M $829.6M
YoY Change 7.28% 5.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $420.0M $352.2M
YoY Change 79.79% 179.3%
Treasury Stock Shares
Shareholders Equity $2.348B $2.268B $2.268B
YoY Change
Total Liabilities & Shareholders Equity $5.853B $5.772B $5.772B
YoY Change 7.23% 11.64% 11.64%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $122.3M $97.20M $407.4M
YoY Change 3.47% 54.53% 10.38%
Depreciation, Depletion And Amortization $45.60M $42.00M $164.0M
YoY Change 10.14% 1.69% -2.26%
Cash From Operating Activities $78.60M $241.5M $463.8M
YoY Change -6650.0% 135.15% 19.75%
INVESTING ACTIVITIES
Capital Expenditures $41.70M $55.90M $178.4M
YoY Change -221.57% -225.06% 20.3%
Acquisitions $29.20M $453.7M
YoY Change 5949.33%
Other Investing Activities $100.0K -$275.4M -$700.0K
YoY Change -200.0% 1986.36% -216.67%
Cash From Investing Activities -$64.50M -$331.3M -$573.3M
YoY Change 84.29% 472.19% 229.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $211.6M
YoY Change 127.53%
Debt Paid & Issued, Net $82.70M $978.5M
YoY Change -54.73% 189.24%
Cash From Financing Activities -$17.50M 118.3M $206.8M
YoY Change -108.55% -352.24% -176.79%
NET CHANGE
Cash From Operating Activities $78.60M 241.5M $463.8M
Cash From Investing Activities -$64.50M -331.3M -$573.3M
Cash From Financing Activities -$17.50M 118.3M $206.8M
Net Change In Cash -$1.600M 28.50M $82.80M
YoY Change -100.96% -1457.14% -231.01%
FREE CASH FLOW
Cash From Operating Activities $78.60M $241.5M $463.8M
Capital Expenditures $41.70M $55.90M $178.4M
Free Cash Flow $36.90M $185.6M $285.4M
YoY Change 11.48% 25.92% 19.41%

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2300000 usd
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500000 usd
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CY2022 tkr Share Based Payment Arrangement Decrease For Stock Option Activity
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CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Percentage Of Lifo Inventory
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CY2022 tkr Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
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CY2022Q4 tkr Number Of Additional New Jobs
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:107%">Use of Estimates: </span></div><div style="margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Because actual results could differ from these estimates, the Company reviews and updates these estimates and assumptions regularly to reflect recent experience.</span></div>
CY2022 tkr Number Of Acquisitions Completed
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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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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
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CY2022 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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15400000 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
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15200000 usd
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284500000 usd
CY2022 tkr Less Undistributed Earnings Loss Allocated To Nonvested Stock
LessUndistributedEarningsLossAllocatedToNonvestedStock
0 usd
CY2021 tkr Less Undistributed Earnings Loss Allocated To Nonvested Stock
LessUndistributedEarningsLossAllocatedToNonvestedStock
0 usd
CY2020 tkr Less Undistributed Earnings Loss Allocated To Nonvested Stock
LessUndistributedEarningsLossAllocatedToNonvestedStock
0 usd
CY2022 tkr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
407400000 usd
CY2021 tkr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
369100000 usd
CY2020 tkr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
284500000 usd
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
676627 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73602247 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75885316 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75324280 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
721592 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1121273 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1047086 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74323839 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77006589 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76371366 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.54
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.86
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.78
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.79
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.72
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
41700000 usd
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
38000000.0 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
132000000.0 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
121800000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
491200000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
418400000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
584800000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
527800000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
1249700000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
1106000000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
58400000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
63300000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1191300000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
1042700000 usd
CY2022Q4 us-gaap Percentage Of Fifo Inventory
PercentageOfFIFOInventory
0.58
CY2022Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.42
CY2022Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
235400000 usd
CY2021Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
199400000 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
36000000.0 usd
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
27300000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2944900000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2806500000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1737500000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1751200000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1207400000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1055300000 usd
CY2022 us-gaap Depreciation
Depreciation
113400000 usd
CY2021 us-gaap Depreciation
Depreciation
113300000 usd
CY2020 us-gaap Depreciation
Depreciation
110900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1022700000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
106900000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-31300000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1098300000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
1047600000 usd
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-30300000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1022700000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1144700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
540900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
603800000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1087800000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
550400000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
537400000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
161500000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
161500000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
131400000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
131400000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1306200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
540900000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
765300000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1219200000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
550400000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
668800000 usd
CY2022 tkr Intangible Assets Acquired
IntangibleAssetsAcquired
182600000 usd
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P16Y3M18D
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50600000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54500000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56200000 usd
CY2022 tkr Amortization Of Intangible Assets Acquired
AmortizationOfIntangibleAssetsAcquired
43900000 usd
CY2021 tkr Amortization Of Intangible Assets Acquired
AmortizationOfIntangibleAssetsAcquired
46800000 usd
CY2020 tkr Amortization Of Intangible Assets Acquired
AmortizationOfIntangibleAssetsAcquired
47300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
54900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
49000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
47500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
45900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
44500000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
82900000 usd
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
70300000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
54300000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3800000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
24100000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26200000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
23500000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
11700000 usd
CY2022Q4 tkr Freight And Duties Tax Liabilities Current
FreightAndDutiesTaxLiabilitiesCurrent
21700000 usd
CY2021Q4 tkr Freight And Duties Tax Liabilities Current
FreightAndDutiesTaxLiabilitiesCurrent
25500000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
19800000 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
900000 usd
CY2022Q4 tkr Accrual For Taxes Other Than Income Taxes And Payroll Taxes Current
AccrualForTaxesOtherThanIncomeTaxesAndPayrollTaxesCurrent
18700000 usd
CY2021Q4 tkr Accrual For Taxes Other Than Income Taxes And Payroll Taxes Current
AccrualForTaxesOtherThanIncomeTaxesAndPayrollTaxesCurrent
16000000.0 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
17400000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10800000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
15000000.0 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
10800000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3100000 usd
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7000000.0 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
72400000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
67600000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
352900000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
250600000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
35700000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
30300000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
34100000 usd
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
36000000.0 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1700000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2300000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1500000 usd
CY2022 us-gaap Lease Cost
LeaseCost
32000000.0 usd
CY2021 us-gaap Lease Cost
LeaseCost
36400000 usd
CY2020 us-gaap Lease Cost
LeaseCost
37500000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
30100000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
32900000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1200000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2200000 usd
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1200000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
101400000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
118900000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
24100000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26200000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
65200000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
77600000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
89300000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
103800000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4000000.0 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5300000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1300000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1400000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1900000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2900000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3200000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
27000000.0 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18600000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
900000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15200000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
600000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11400000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9500000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
17900000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99600000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10300000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
100000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
89300000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3200000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22100000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22900000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
900000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1200000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0355
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0330
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0307
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0271
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
46300000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
42600000 usd
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.014
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.006
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1916900000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1422300000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2700000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11200000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1914200000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1411100000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.050
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.009
CY2020Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.010
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
50200000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3200000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2700000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
442000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
26600000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
51400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
529000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
877100000 usd
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
72500000 usd
CY2021 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
56500000 usd
CY2020 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
65200000 usd
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1000000 usd
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2600000 usd
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1500000 usd
CY2022 tkr Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
environmental accruals
CY2021 tkr Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
environmental accruals
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
4800000 usd
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
6000000.0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23500000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11700000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11700000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9400000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
14700000 usd
CY2021 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
10100000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2900000 usd
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7800000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23500000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11700000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
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CY2022Q2 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2022 dei Auditor Name
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Ernst & Young LLP
CY2022 dei Auditor Location
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Cleveland, Ohio

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