2024 Q3 Form 10-Q Financial Statement
#000146625824000233 Filed on July 31, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $5.441B | $5.307B |
YoY Change | 11.43% | 12.81% |
Cost Of Revenue | $3.467B | $3.372B |
YoY Change | 7.5% | 8.06% |
Gross Profit | $1.974B | $1.936B |
YoY Change | 19.08% | 22.16% |
Gross Profit Margin | 36.29% | 36.47% |
Selling, General & Admin | $949.8M | $901.3M |
YoY Change | 19.64% | 28.94% |
% of Gross Profit | 48.11% | 46.57% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $95.00M | $96.20M |
YoY Change | 3.26% | 8.82% |
% of Gross Profit | 4.81% | 4.97% |
Operating Expenses | $949.8M | $901.3M |
YoY Change | 19.64% | 28.94% |
Operating Profit | $1.025B | $1.034B |
YoY Change | 18.56% | 16.81% |
Interest Expense | $63.00M | $57.50M |
YoY Change | 8.81% | -198.29% |
% of Operating Profit | 6.15% | 5.56% |
Other Income/Expense, Net | $6.300M | -$4.100M |
YoY Change | -163.0% | -93.22% |
Pretax Income | $967.9M | $972.6M |
YoY Change | 21.55% | 26.91% |
Income Tax | $181.1M | $205.8M |
% Of Pretax Income | 18.71% | 21.16% |
Net Earnings | $772.0M | $755.3M |
YoY Change | 23.26% | 28.85% |
Net Earnings / Revenue | 14.19% | 14.23% |
Basic Earnings Per Share | $3.42 | $3.33 |
Diluted Earnings Per Share | $3.39 | $3.30 |
COMMON SHARES | ||
Basic Shares Outstanding | 225.7M shares | 226.4M shares |
Diluted Shares Outstanding | 228.0M shares | 228.7M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.928B | $1.326B |
YoY Change | 100.79% | 99.79% |
Cash & Equivalents | $1.470B | $874.6M |
Short-Term Investments | $457.6M | $451.2M |
Other Short-Term Assets | $745.3M | $751.4M |
YoY Change | 72.28% | 64.85% |
Inventory | $2.033B | $2.204B |
Prepaid Expenses | ||
Receivables | $3.856B | $3.925B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $8.100B | $7.714B |
YoY Change | 20.41% | 15.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.907B | $1.828B |
YoY Change | 13.23% | 10.46% |
Goodwill | $6.214B | $6.058B |
YoY Change | 8.66% | 5.4% |
Intangibles | $3.365B | $3.352B |
YoY Change | 0.81% | -1.1% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.319B | $1.248B |
YoY Change | -8.16% | -13.35% |
Total Long-Term Assets | $12.80B | $12.49B |
YoY Change | 5.16% | 2.07% |
TOTAL ASSETS | ||
Total Short-Term Assets | $8.100B | $7.714B |
Total Long-Term Assets | $12.80B | $12.49B |
Total Assets | $20.90B | $20.20B |
YoY Change | 10.58% | 6.84% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.195B | $2.180B |
YoY Change | 4.85% | 0.15% |
Accrued Expenses | $2.864B | $2.965B |
YoY Change | 26.82% | 3.44% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | $952.2M | $952.0M |
YoY Change | 173.62% | 173.33% |
Total Short-Term Liabilities | $6.629B | $6.592B |
YoY Change | 27.13% | 17.86% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.317B | $4.316B |
YoY Change | -3.56% | -3.58% |
Other Long-Term Liabilities | $1.090B | $1.034B |
YoY Change | -8.52% | -44.6% |
Total Long-Term Liabilities | $5.407B | $5.350B |
YoY Change | -4.6% | -15.65% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.629B | $6.592B |
Total Long-Term Liabilities | $5.407B | $5.350B |
Total Liabilities | $13.29B | $13.23B |
YoY Change | 8.9% | 4.62% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $9.698B | $9.195B |
YoY Change | 8.1% | 8.87% |
Common Stock | $249.7M | $250.4M |
YoY Change | -1.03% | -0.95% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.719B | $1.719B |
YoY Change | 0.0% | 0.0% |
Treasury Stock Shares | ||
Shareholders Equity | $7.592B | $6.947B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $20.90B | $20.20B |
YoY Change | 10.58% | 6.84% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $772.0M | $755.3M |
YoY Change | 23.26% | 28.85% |
Depreciation, Depletion And Amortization | $95.00M | $96.20M |
YoY Change | 3.26% | 8.82% |
Cash From Operating Activities | $1.303B | $695.9M |
YoY Change | 41.23% | 32.81% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $88.30M | $72.90M |
YoY Change | 6.13% | 28.12% |
Acquisitions | $174.5M | |
YoY Change | ||
Other Investing Activities | -$171.7M | -$472.0M |
YoY Change | 2810.17% | -5.43% |
Cash From Investing Activities | -$260.0M | -$544.9M |
YoY Change | 191.81% | -2.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -485.9M | -117.6M |
YoY Change | -5.78% | -615.79% |
NET CHANGE | ||
Cash From Operating Activities | 1.303B | 695.9M |
Cash From Investing Activities | -260.0M | -544.9M |
Cash From Financing Activities | -485.9M | -117.6M |
Net Change In Cash | 556.7M | 33.40M |
YoY Change | 75.34% | -463.04% |
FREE CASH FLOW | ||
Cash From Operating Activities | $1.303B | $695.9M |
Capital Expenditures | $88.30M | $72.90M |
Free Cash Flow | $1.214B | $623.0M |
YoY Change | 44.71% | 33.38% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
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CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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CY2023Q1 | tt |
Stock Issued During Period Value Incentive Stock Plans Net Of Tax Remittances
StockIssuedDuringPeriodValueIncentiveStockPlansNetOfTaxRemittances
|
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CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q1 | us-gaap |
Dividends Cash
DividendsCash
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Stockholders Equity Other
StockholdersEquityOther
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CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Profit Loss
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Other Comprehensive Income Loss Net Of Tax
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Stock Issued During Period Value Incentive Stock Plans Net Of Tax Remittances
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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Dividends Cash
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Stockholders Equity Other
StockholdersEquityOther
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Profit Loss
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Profit Loss
ProfitLoss
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Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap |
Income Loss From Discontinued Operations Net Of Tax
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us-gaap |
Depreciation Amortization And Accretion Net
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us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
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us-gaap |
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
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us-gaap |
Share Based Compensation
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Share Based Compensation
ShareBasedCompensation
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Other Noncash Income Expense
OtherNoncashIncomeExpense
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Other Noncash Income Expense
OtherNoncashIncomeExpense
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Increase Decrease In Other Operating Capital Net
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Increase Decrease In Other Operating Capital Net
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Cash Provided By Used In Operating Activities Discontinued Operations
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Cash Provided By Used In Operating Activities Discontinued Operations
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Property Plant And Equipment
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Payments To Acquire Property Plant And Equipment
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Payments To Acquire Businesses Net Of Cash Acquired
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Payments To Acquire Businesses Net Of Cash Acquired
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Payments For Proceeds From Short Term Investments
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Payments For Proceeds From Short Term Investments
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Net Cash Provided By Used In Investing Activities
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Net Cash Provided By Used In Investing Activities
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us-gaap |
Proceeds From Repayments Of Short Term Debt
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Proceeds From Repayments Of Short Term Debt
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us-gaap |
Proceeds From Issuance Of Long Term Debt
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us-gaap |
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us-gaap |
Repayments Of Long Term Debt
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Payments Of Debt Issuance Costs
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Payments Of Debt Issuance Costs
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Payments Of Dividends Common Stock
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Payments Of Dividends Common Stock
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Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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tt |
Netproceedsfromsharesissuedunderincentiveplans
Netproceedsfromsharesissuedunderincentiveplans
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21600000 | usd | |
tt |
Netproceedsfromsharesissuedunderincentiveplans
Netproceedsfromsharesissuedunderincentiveplans
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28800000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap |
Payments For Repurchase Of Common Stock
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Proceeds From Payments For Other Financing Activities
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us-gaap |
Proceeds From Payments For Other Financing Activities
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Net Cash Provided By Used In Financing Activities
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us-gaap |
Net Cash Provided By Used In Financing Activities
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Inventory Raw Materials
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|
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Inventory Raw Materials
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Inventory Work In Process
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InventoryWorkInProcess
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CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
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Inventory Gross
InventoryGross
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Inventory Gross
InventoryGross
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Inventory Lifo Reserve
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Inventory Lifo Reserve
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Inventory Net
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Inventory Net
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Inventory Valuation Reserves
InventoryValuationReserves
|
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CY2023Q4 | us-gaap |
Inventory Valuation Reserves
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|
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Goodwill
Goodwill
|
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us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
6300000 | usd | |
us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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Goodwill
Goodwill
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Goodwill Impaired Accumulated Impairment Loss
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CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
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Finite Lived Intangible Assets Gross
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|
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Finite Lived Intangible Assets Accumulated Amortization
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CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
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|
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Finite Lived Intangible Assets Gross
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Finite Lived Intangible Assets Accumulated Amortization
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Finite Lived Intangible Assets Net
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Intangible Assets Gross Excluding Goodwill
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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Intangible Assets Net Excluding Goodwill
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Intangible Assets Gross Excluding Goodwill
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
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44800000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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42100000 | usd |
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Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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77000000.0 | usd | |
CY2024Q2 | us-gaap |
Debt Current
DebtCurrent
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CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
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CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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500000000 | usd | |
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Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
|
500000000 | usd | |
CY2024Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
5100000000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
4700000000 | usd |
CY2024Q2 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
264900000 | usd |
CY2023Q4 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
246000000 | usd |
CY2024Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
5300000 | usd |
CY2024Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
7800000 | usd |
CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
77300000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
4100000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
4800000 | usd |
CY2023Q4 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
90300000 | usd |
CY2023Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
90300000 | usd |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-8900000 | usd | |
us-gaap |
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
|
-4100000 | usd | |
CY2024Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
77300000 | usd |
us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
-52200000 | usd | |
CY2023Q2 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
-52200000 | usd |
us-gaap |
Pension Contributions
PensionContributions
|
19300000 | usd | |
us-gaap |
Pension Contributions
PensionContributions
|
29500000 | usd | |
CY2024Q2 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
1185040000 | shares |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1.00 | |
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q1 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
3000000000 | usd |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
624000000 | usd | |
CY2024Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1900000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-670800000 | usd |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-778400000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-766200000 | usd |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-743400000 | usd |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5307400000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4704700000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9523000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8370600000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
0.19 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
0.49 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
0.17 | usd |
CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
24100000 | usd |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16900000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
44200000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
41900000 | usd | |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5800000 | usd |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
4100000 | usd |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
10700000 | usd | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
10200000 | usd | |
CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
18300000 | usd |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
12800000 | usd |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
33500000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
31700000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0111 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0150 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.2999 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.2935 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0400 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0360 | ||
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 | ||
tt |
Percentage Of Awards Applied To Performance Condition
PercentageOfAwardsAppliedToPerformanceCondition
|
0.50 | ||
tt |
Percentage Of Awards Applied To Market Condition
PercentageOfAwardsAppliedToMarketCondition
|
0.50 | ||
CY2024Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
5400000 | usd |
CY2023Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
3100000 | usd |
us-gaap |
Interest Income Other
InterestIncomeOther
|
9100000 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
7500000 | usd | |
CY2024Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3100000 | usd |
CY2023Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-17000000.0 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-6600000 | usd | |
CY2024Q2 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2700000 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-4700000 | usd |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-5400000 | usd | |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-10300000 | usd | |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3700000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-55800000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-15900000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-57400000 | usd | |
CY2024Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4100000 | usd |
CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-57400000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-29200000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-66800000 | usd | |
CY2023Q2 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
-52200000 | usd |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.204 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.210 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
83500000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
84900000 | usd |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
226600000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
228500000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
227000000.0 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
228900000 | shares | |
CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2100000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1800000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2100000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000.0 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
228700000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
230300000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
229100000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
230900000 | shares | |
CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
200000 | shares |
CY2023Q2 | 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
|
200000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
700000 | shares | |
CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.68 | |
CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.50 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.52 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.25 | ||
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5307400000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4704700000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9523000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8370600000 | usd | |
CY2024Q2 | tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1204000000 | usd |
CY2023Q2 | tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
995700000 | usd |
tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1979100000 | usd | |
tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1603200000 | usd | |
CY2024Q2 | tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1204000000 | usd |
CY2023Q2 | tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
995700000 | usd |
tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1979100000 | usd | |
tt |
Segment Adjusted Ebitda
SegmentAdjustedEBITDA
|
1603200000 | usd | |
CY2024Q2 | us-gaap |
Interest Expense
InterestExpense
|
57500000 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
61600000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
115500000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
119200000 | usd | |
CY2024Q2 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
96200000 | usd |
CY2023Q2 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
88400000 | usd |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
187700000 | usd | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
168200000 | usd | |
CY2024Q2 | us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
800000 | usd |
CY2023Q2 | us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
1500000 | usd |
us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
5500000 | usd | |
us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
7800000 | usd | |
CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-8900000 | usd |
CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-52000000.0 | usd |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-8900000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-49300000 | usd | |
CY2024Q2 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
0 | usd |
CY2023Q2 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
-52200000 | usd |
us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
0 | usd | |
us-gaap |
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
|
-52200000 | usd | |
CY2024Q2 | tt |
Acquisition Inventory Step Up
AcquisitionInventoryStepUp
|
0 | usd |
CY2023Q2 | tt |
Acquisition Inventory Step Up
AcquisitionInventoryStepUp
|
-2600000 | usd |
tt |
Acquisition Inventory Step Up
AcquisitionInventoryStepUp
|
0 | usd | |
tt |
Acquisition Inventory Step Up
AcquisitionInventoryStepUp
|
-4700000 | usd | |
CY2024Q2 | tt |
Unallocatedcorporateexpense
Unallocatedcorporateexpense
|
85800000 | usd |
CY2023Q2 | tt |
Unallocatedcorporateexpense
Unallocatedcorporateexpense
|
75000000.0 | usd |
tt |
Unallocatedcorporateexpense
Unallocatedcorporateexpense
|
156000000.0 | usd | |
tt |
Unallocatedcorporateexpense
Unallocatedcorporateexpense
|
144200000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
972600000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
766400000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1523300000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1156200000 | usd | |
CY2020Q2 | us-gaap |
Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
|
24900000 | usd |
CY2020Q2 | us-gaap |
Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
|
10800000 | usd |
CY2021Q3 | us-gaap |
Bankruptcy Claims Amount Paid To Settle Claims
BankruptcyClaimsAmountPaidToSettleClaims
|
545000000 | usd |
CY2021Q3 | tt |
Qualified Settlement Fund
QualifiedSettlementFund
|
270000000 | usd |
CY2021Q3 | tt |
Qualified Settlement Fund
QualifiedSettlementFund
|
270000000 | usd |
CY2021Q3 | tt |
Charge To Increase Funding Liability
ChargeToIncreaseFundingLiability
|
21200000 | usd |
CY2022Q1 | tt |
Qsf Funding
QSFFunding
|
270000000 | usd |
CY2024Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
47000000.0 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
47500000 | usd |
CY2023Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
373900000 | usd |
us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
84500000 | usd | |
us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
107400000 | usd | |
us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
-4600000 | usd | |
us-gaap |
Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-1800000 | usd | |
CY2024Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
390400000 | usd |
CY2024Q2 | us-gaap |
Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
|
168900000 | usd |
CY2023Q4 | us-gaap |
Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
|
157600000 | usd |
CY2024Q2 | us-gaap |
Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
|
131600000 | usd |
CY2023Q4 | us-gaap |
Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
|
123800000 | usd |