2019 Q4 Form 10-Q Financial Statement

#000146625819000264 Filed on October 29, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $3.184B $3.471B $4.031B
YoY Change 457.86% -13.89% 9.82%
Cost Of Revenue $2.257B $2.367B $2.718B
YoY Change 343.02% -12.94% 9.17%
Gross Profit $926.5M $1.104B $1.313B
YoY Change 1413.89% -15.87% 11.18%
Gross Profit Margin 29.1% 31.82% 32.56%
Selling, General & Admin $579.7M $567.8M $725.6M
YoY Change 1110.23% -21.75% 7.58%
% of Gross Profit 62.57% 51.42% 55.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $105.6M $104.9M $85.20M
YoY Change 19.32% 23.12% -2.96%
% of Gross Profit 11.4% 9.5% 6.49%
Operating Expenses $579.7M $567.8M $725.6M
YoY Change 1110.23% -21.75% 7.58%
Operating Profit $346.8M $536.5M $587.0M
YoY Change 2507.52% -8.6% 15.98%
Interest Expense -$63.50M $63.90M $48.50M
YoY Change 28.8% 31.75% -10.02%
% of Operating Profit -18.31% 11.91% 8.26%
Other Income/Expense, Net -$6.600M -$5.800M -$8.500M
YoY Change -61.85% -31.76% 11.84%
Pretax Income $260.1M $466.8M $530.0M
YoY Change -1132.14% -11.92% 19.21%
Income Tax $46.00M $80.50M -$1.100M
% Of Pretax Income 17.69% 17.25% -0.21%
Net Earnings $296.1M $458.8M $515.1M
YoY Change 16.57% -10.93% 40.35%
Net Earnings / Revenue 9.3% 13.22% 12.78%
Basic Earnings Per Share $1.90 $2.09
Diluted Earnings Per Share $1.233M $1.88 $2.06
COMMON SHARES
Basic Shares Outstanding 239.6M shares 241.7M shares 246.4M shares
Diluted Shares Outstanding 244.6M shares 249.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.279B $831.0M $1.023B
YoY Change 41.64% -18.77% -18.75%
Cash & Equivalents $1.279B $805.9M $1.023B
Short-Term Investments
Other Short-Term Assets $344.8M $412.7M $486.6M
YoY Change -26.89% -15.19% 14.23%
Inventory $1.279B $1.891B $1.821B
Prepaid Expenses
Receivables $2.185B $2.969B $2.752B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.294B $6.103B $6.083B
YoY Change 62.14% 0.34% 4.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.352B $1.779B $1.673B
YoY Change -21.89% 6.32% 9.44%
Goodwill $5.126B $6.713B $5.989B
YoY Change 0.52% 12.09% 2.36%
Intangibles $3.324B $4.174B $3.680B
YoY Change -8.56% 13.44% -1.64%
Long-Term Investments
YoY Change
Other Assets $1.397B $1.538B $879.8M
YoY Change 62.86% 74.76% 11.68%
Total Long-Term Assets $11.20B $14.20B $12.22B
YoY Change -8.08% 16.22% 2.63%
TOTAL ASSETS
Total Short-Term Assets $9.294B $6.103B $6.083B
Total Long-Term Assets $11.20B $14.20B $12.22B
Total Assets $20.49B $20.31B $18.30B
YoY Change 14.39% 10.94% 3.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.381B $1.759B $1.749B
YoY Change -19.0% 0.58% 17.53%
Accrued Expenses $1.564B $1.881B $1.720B
YoY Change -9.49% 9.34% 6.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $650.0M $651.0M $351.0M
YoY Change 85.19% 85.47% -68.09%
Total Short-Term Liabilities $5.239B $4.776B $4.324B
YoY Change 21.38% 10.46% -7.78%
LONG-TERM LIABILITIES
Long-Term Debt $4.923B $4.922B $3.740B
YoY Change 31.6% 31.61% 26.52%
Other Long-Term Liabilities $1.398B $1.485B $1.080B
YoY Change 31.61% 37.48% 5.59%
Total Long-Term Liabilities $6.321B $6.407B $4.820B
YoY Change 31.6% 32.93% 21.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.239B $4.776B $4.324B
Total Long-Term Liabilities $6.321B $6.407B $4.820B
Total Liabilities $13.18B $13.03B $10.96B
YoY Change 21.47% 18.85% 0.76%
SHAREHOLDERS EQUITY
Retained Earnings $9.731B $9.763B $9.625B
YoY Change 3.08% 1.43% 12.49%
Common Stock $262.8M $264.1M $270.1M
YoY Change -1.35% -2.22% -1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.719B $1.719B $1.719B
YoY Change 0.0% 0.0% 6.54%
Treasury Stock Shares 24.50M shares
Shareholders Equity $7.268B $7.238B $7.308B
YoY Change
Total Liabilities & Shareholders Equity $20.49B $20.31B $18.30B
YoY Change 14.39% 10.94% 3.28%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $296.1M $458.8M $515.1M
YoY Change 16.57% -10.93% 40.35%
Depreciation, Depletion And Amortization $105.6M $104.9M $85.20M
YoY Change 19.32% 23.12% -2.96%
Cash From Operating Activities $866.4M $659.4M $519.7M
YoY Change 69.75% 26.88% 11.12%
INVESTING ACTIVITIES
Capital Expenditures -$67.90M -$69.50M -$87.80M
YoY Change -40.65% -20.84% 24.72%
Acquisitions
YoY Change
Other Investing Activities $1.900M -$57.20M $12.10M
YoY Change -66.07% -572.73% -170.76%
Cash From Investing Activities -$66.00M -$126.7M -$75.70M
YoY Change -39.34% 67.37% -13.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -344.1M -544.7M -377.5M
YoY Change -32.52% 44.29% -17.14%
NET CHANGE
Cash From Operating Activities 866.4M 659.4M 519.7M
Cash From Investing Activities -66.00M -126.7M -75.70M
Cash From Financing Activities -344.1M -544.7M -377.5M
Net Change In Cash 456.3M -12.00M 66.50M
YoY Change -521.33% -118.05% -188.2%
FREE CASH FLOW
Cash From Operating Activities $866.4M $659.4M $519.7M
Capital Expenditures -$67.90M -$69.50M -$87.80M
Free Cash Flow $934.3M $728.9M $607.5M
YoY Change 49.54% 19.98% 12.9%

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CY2019Q3 us-gaap Liabilities
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CY2018Q4 us-gaap Liabilities
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CY2018Q4 us-gaap Common Stock Value
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266400000 USD
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500100000 USD
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514100000 USD
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1549400000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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1022500000 USD
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CY2018Q4 us-gaap Inventory Raw Materials
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550500000 USD
CY2019Q3 us-gaap Inventory Work In Process
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254800000 USD
CY2018Q4 us-gaap Inventory Work In Process
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182000000.0 USD
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1079700000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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1028800000 USD
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1974700000 USD
CY2018Q4 us-gaap Inventory Gross
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1761300000 USD
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84100000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
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83500000 USD
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CY2018Q4 us-gaap Inventory Net
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125100000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
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119900000 USD
CY2018Q4 us-gaap Goodwill
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5959500000 USD
us-gaap Goodwill Period Increase Decrease
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821000000.0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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-67700000 USD
CY2019Q3 us-gaap Goodwill
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6712800000 USD
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1529300000 USD
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1338700000 USD
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2377900000 USD
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1412700000 USD
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965200000 USD
CY2019Q3 ird Intangible Assets Excluding Goodwill Gross
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5703700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1529300000 USD
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4174400000 USD
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5047400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1412700000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
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3634700000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
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47500000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
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34700000 USD
us-gaap Amortization Of Intangible Assets
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123400000 USD
us-gaap Amortization Of Intangible Assets
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105100000 USD
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650500000 USD
CY2018Q4 us-gaap Debt Current
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350600000 USD
CY2019Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2000000000.0 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
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4921900000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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3740700000 USD
CY2019Q1 us-gaap Deferred Finance Costs Gross
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13100000 USD
CY2019Q3 us-gaap Debt Instrument Fair Value
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6200000000 USD
CY2018Q4 us-gaap Debt Instrument Fair Value
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4200000000 USD
CY2019Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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700000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold
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2935800000 USD
CY2019Q3 us-gaap Interest Expense
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64100000 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold
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2718300000 USD
CY2018Q3 us-gaap Interest Expense
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48500000 USD
us-gaap Cost Of Goods And Services Sold
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8547200000 USD
us-gaap Interest Expense
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179700000 USD
us-gaap Cost Of Goods And Services Sold
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8102600000 USD
us-gaap Interest Expense
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171700000 USD
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1400000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
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3200000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
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2200000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
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1300000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
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559000000.0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2019Q3 us-gaap Operating Lease Liability Current
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171300000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
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160300000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
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392400000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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360500000 USD
CY2019Q3 ird Prepaid Lease Paymentand Lease Incentive
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4700000 USD
CY2019Q1 ird Prepaid Lease Paymentand Lease Incentive
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3700000 USD
CY2019Q3 us-gaap Operating Lease Cost
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52600000 USD
us-gaap Operating Lease Cost
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152900000 USD
CY2019Q3 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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22800000 USD
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us-gaap Operating Lease Payments
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151800000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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41300000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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165200000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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51000000.0 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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180700000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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139500000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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94800000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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65500000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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96100000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
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627600000 USD
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63900000 USD
CY2019Q3 us-gaap Operating Lease Liability
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563700000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y8M12D
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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42200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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42700000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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CY2019Q3 us-gaap Capital Units Authorized
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CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
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ird Reconciliation Of Ordinary Shares
ReconciliationOfOrdinaryShares
<div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes in ordinary shares and treasury shares for the </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> were as follows:</span></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"/></tr><tr><td style="width:71%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">In millions</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Ordinary shares issued</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Ordinary shares held in treasury</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>266.4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24.5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Shares issued under incentive plans, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.2</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repurchase of ordinary shares</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264.1</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-964100000 USD
ird Othercomprehensiveincomelossbeforereclassifications
Othercomprehensiveincomelossbeforereclassifications
-134200000 USD
ird Reclassifications From Other Comprehensive Income Loss
ReclassificationsFromOtherComprehensiveIncomeLoss
36400000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
7900000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1069800000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-778800000 USD
ird Othercomprehensiveincomelossbeforereclassifications
Othercomprehensiveincomelossbeforereclassifications
-170500000 USD
ird Reclassifications From Other Comprehensive Income Loss
ReclassificationsFromOtherComprehensiveIncomeLoss
38900000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
9400000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-919800000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
600000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
1100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
100000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
3300000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
200000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
9000000.0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
13100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
32500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
38100000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
162100000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
210900000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
989700000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
846200000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0.07 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0.52 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.30
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13400000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14300000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
67600000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3300000 USD
CY2018Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3500000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14100000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16500000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10100000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10800000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
44000000.0 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
51100000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0206
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0200
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2146
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2164
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0246
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0248
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
ird Percentage Of Awards Applied To Performance Condition
PercentageOfAwardsAppliedToPerformanceCondition
0.50
ird Percentage Of Awards Applied To Market Condition
PercentageOfAwardsAppliedToMarketCondition
0.50
ird Percentage Of Awards Applied To Performance Condition
PercentageOfAwardsAppliedToPerformanceCondition
0.50
ird Percentage Of Awards Applied To Market Condition
PercentageOfAwardsAppliedToMarketCondition
0.50
CY2019Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
24500000 USD
CY2018Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
20100000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
68000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
71600000 USD
CY2019Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
24500000 USD
CY2018Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
20100000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
68000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
71600000 USD
CY2018Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
51400000 USD
ird Restructuringand Related Cost Incurred Costexcludingassetrealization
RestructuringandRelatedCostIncurredCostexcludingassetrealization
49000000.0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
63300000 USD
CY2019Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
37100000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
19000000.0 USD
CY2019Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
37100000 USD
CY2019Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
400000 USD
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
2200000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
6300000 USD
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5100000 USD
CY2018Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5100000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-8800000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-14200000 USD
CY2019Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-8200000 USD
CY2018Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-6300000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-28600000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-16000000.0 USD
CY2019Q3 ird Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
6500000 USD
CY2018Q3 ird Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
2800000 USD
ird Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
12600000 USD
ird Miscellaneous Other Nonoperating Income Expense
MiscellaneousOtherNonoperatingIncomeExpense
7900000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7200000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8500000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22600000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16000000.0 USD
ird Effective Tax Rate Yeartodate
EffectiveTaxRateYeartodate
20.1
ird Effective Tax Rate Yeartodate
EffectiveTaxRateYeartodate
12.5
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
75500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
83000000.0 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1540000000 USD
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1460000000 USD
CY2019Q2 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-82500000 USD
CY2019Q2 ird Account Payableaccruedexpenseandotherliabilities Purchase Accounting Adjustments
AccountPayableaccruedexpenseandotherliabilitiesPurchaseAccountingAdjustments
300000 USD
CY2019Q2 ird Noncurrentdeferredtaxliabilities Purchase Accounting Adjustments
NoncurrentdeferredtaxliabilitiesPurchaseAccountingAdjustments
83300000 USD
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1455200000 USD
CY2019Q2 ird Purchase Accounting Adjustments
PurchaseAccountingAdjustments
1100000 USD
CY2019Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
12700000 USD
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
32000000.0 USD
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-16000000.0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
22200000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-36700000 USD
CY2019Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
7600000 USD
CY2018Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-4300000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
5500000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-9700000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
24400000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-11700000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
16700000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-27000000.0 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
241700000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
248100000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2900000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2800000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
244600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
249500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
244800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250900000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1500000 shares
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.59
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.43
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4344300000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4030900000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12448000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11773100000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
623200000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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