2021 Q3 Form 10-K Financial Statement

#000140316121000060 Filed on November 18, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 2020 Q3
Revenue $6.559B $24.11B $5.101B
YoY Change 28.58% 10.34% -16.88%
Cost Of Revenue $1.239B $4.970B $1.113B
YoY Change 11.32% 10.15% 4.61%
Gross Profit $5.320B $19.14B $3.988B
YoY Change 33.4% 10.39% -21.39%
Gross Profit Margin 81.11% 79.38% 78.18%
Selling, General & Admin $802.0M $2.524B $648.0M
YoY Change 23.77% 1.98% -18.59%
% of Gross Profit 15.08% 13.19% 16.25%
Research & Development $730.0M
YoY Change 0.41%
% of Gross Profit 3.81%
Depreciation & Amortization $202.0M $804.0M $196.0M
YoY Change 3.06% 4.82% 13.95%
% of Gross Profit 3.8% 4.2% 4.91%
Operating Expenses $1.004B $730.0M $844.0M
YoY Change 18.96% 0.41% -12.81%
Operating Profit $4.316B $15.80B $3.144B
YoY Change 37.28% 12.24% -23.41%
Interest Expense -$17.00M $218.0M -$145.0M
YoY Change -88.28% -142.25% 20.83%
% of Operating Profit -0.39% 1.38% -4.61%
Other Income/Expense, Net $259.0M $58.00M
YoY Change -189.0% -39.58%
Pretax Income $4.298B $16.06B $3.055B
YoY Change 40.69% 16.48% -17.68%
Income Tax $714.0M $3.752B $918.0M
% Of Pretax Income 16.61% 23.36% 30.05%
Net Earnings $3.584B $12.31B $2.137B
YoY Change 67.71% 13.3% -29.36%
Net Earnings / Revenue 54.64% 51.07% 41.89%
Basic Earnings Per Share
Diluted Earnings Per Share $1.378M $5.627M $634.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.51B $18.51B $19.89B
YoY Change -6.94% -7.63% 66.5%
Cash & Equivalents $16.49B $16.49B $16.29B
Short-Term Investments $2.025B $2.025B $3.604B
Other Short-Term Assets $5.369B $5.369B $4.722B
YoY Change 13.7% 13.7% 9.66%
Inventory
Prepaid Expenses
Receivables $1.968B $1.968B $1.618B
Other Receivables $1.758B $1.758B $1.264B
Total Short-Term Assets $27.61B $27.61B $27.65B
YoY Change -0.14% -0.14% 31.83%
LONG-TERM ASSETS
Property, Plant & Equipment $2.715B $3.230B $2.737B
YoY Change -0.8% 18.01% 1.56%
Goodwill $15.96B $15.91B
YoY Change 0.3% 1.62%
Intangibles $27.66B $27.81B
YoY Change -0.52% 3.84%
Long-Term Investments $1.705B $1.705B $231.0M
YoY Change 638.1% 638.1% -89.29%
Other Assets $4.002B $6.732B $3.413B
YoY Change 17.26% 2.19% 52.91%
Total Long-Term Assets $55.29B $55.29B $53.27B
YoY Change 3.78% 3.78% 3.24%
TOTAL ASSETS
Total Short-Term Assets $27.61B $27.61B $27.65B
Total Long-Term Assets $55.29B $55.29B $53.27B
Total Assets $82.90B $82.90B $80.92B
YoY Change 2.44% 2.44% 11.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $266.0M $266.0M $174.0M
YoY Change 52.87% 52.87% 11.54%
Accrued Expenses $2.334B $4.528B $1.840B
YoY Change 26.85% 26.66% 13.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $999.0M $999.0M $2.999B
YoY Change -66.69% -66.69%
Total Short-Term Liabilities $15.74B $15.74B $14.51B
YoY Change 8.47% 8.47% 8.16%
LONG-TERM LIABILITIES
Long-Term Debt $19.98B $19.98B $21.07B
YoY Change -5.19% -5.19% 25.95%
Other Long-Term Liabilities $3.462B $3.462B $3.891B
YoY Change -11.03% -11.03% 32.39%
Total Long-Term Liabilities $23.44B $23.44B $24.96B
YoY Change -6.1% -6.1% 26.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.74B $15.74B $14.51B
Total Long-Term Liabilities $23.44B $23.44B $24.96B
Total Liabilities $45.31B $45.31B $44.71B
YoY Change 1.34% 1.34% 18.0%
SHAREHOLDERS EQUITY
Retained Earnings $15.35B $14.09B
YoY Change 8.97% 4.34%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.59B $37.59B $36.21B
YoY Change
Total Liabilities & Shareholders Equity $82.90B $82.90B $80.92B
YoY Change 2.44% 2.44% 11.5%

Cashflow Statement

Concept 2021 Q3 2021 2020 Q3
OPERATING ACTIVITIES
Net Income $3.584B $12.31B $2.137B
YoY Change 67.71% 13.3% -29.36%
Depreciation, Depletion And Amortization $202.0M $804.0M $196.0M
YoY Change 3.06% 4.82% 13.95%
Cash From Operating Activities $3.971B $15.23B $2.096B
YoY Change 89.46% 45.85% -48.14%
INVESTING ACTIVITIES
Capital Expenditures -$208.0M -$705.0M -$168.0M
YoY Change 23.81% -4.21% -32.53%
Acquisitions $75.00M
YoY Change -2.6%
Other Investing Activities -$1.490B -$109.0M -$713.0M
YoY Change 108.98% 51.39% -5.56%
Cash From Investing Activities -$1.698B -$152.0M -$881.0M
YoY Change 92.74% -110.65% -12.25%
FINANCING ACTIVITIES
Cash Dividend Paid $2.798B
YoY Change 5.03%
Common Stock Issuance & Retirement, Net $8.676B
YoY Change 6.93%
Debt Paid & Issued, Net $3.000B
YoY Change
Cash From Financing Activities -3.619B -$14.41B 755.0M
YoY Change -579.34% 263.16% -128.38%
NET CHANGE
Cash From Operating Activities 3.971B $15.23B 2.096B
Cash From Investing Activities -1.698B -$152.0M -881.0M
Cash From Financing Activities -3.619B -$14.41B 755.0M
Net Change In Cash -1.346B $628.0M 1.970B
YoY Change -168.32% -92.47% 421.16%
FREE CASH FLOW
Cash From Operating Activities $3.971B $15.23B $2.096B
Capital Expenditures -$208.0M -$705.0M -$168.0M
Free Cash Flow $4.179B $15.93B $2.264B
YoY Change 84.58% 42.56% -47.24%

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CY2019 us-gaap Interest Paid Net
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537000000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41000000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
38000000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
95000000 USD
CY2021Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
200 country
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates</span><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 about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the consolidated financial statements in the period in which such changes occur. Future actual results could differ materially from these estimates. As the effects of an evolving coronavirus (“COVID-19”) pandemic continues, much remains uncertain. There have been no comparable recent events and as a result the ultimate impact of COVID-19 and the extent to which COVID-19 and new variants continue to impact the Company’s business, results of operations and financial condition will depend on future developments, which are highly uncertain and difficult to predict. The use of estimates in specific accounting policies is described further below as appropriate.</span>
CY2021 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Guarantees and indemnifications</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company recognizes an obligation at inception for guarantees and indemnifications that qualify for recognition, regardless of the probability of occurrence. The Company indemnifies its financial institution clients for settlement losses suffered due to the failure of any other client to fund its settlement obligations in accordance with the Visa operating rules. The Company estimates expected credit losses and recognizes an allowance for those credit losses related to its settlement indemnification obligations. The estimated fair value of the liability for settlement indemnification is included in accrued liabilities on the consolidated balance sheets.</span>
CY2021Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
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0 USD
CY2021 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
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P12M
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24105000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21846000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22977000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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24105000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21846000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22977000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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1700000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P2Y
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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16487000000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16487000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16289000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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19799000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19171000000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
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901000000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1205000000 USD
CY2021 v Return Of Takedown Payment To The Litigation Escrow Account
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0 USD
CY2020 v Return Of Takedown Payment To The Litigation Escrow Account
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467000000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
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894000000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
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901000000 USD
CY2021Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2021Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2021Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2016Q2 v Loss Contingency Litigation Loss Sharing Agreement Obligation Threshold
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1000000000 EUR
CY2016Q2 v Limit Of Protection From Ve Territory Covered Losses
LimitOfProtectionFromVETerritoryCoveredLosses
0.70
CY2020Q3 v Preferred Stock Conversion Ratio Denominator
PreferredStockConversionRatioDenominator
100 shares
CY2021 v Ve Covered Loss Maximum Amountof Lossto Allow Adjustmentof Conversion Rateduring Sixmonth Period
VECoveredLossMaximumAmountofLosstoAllowAdjustmentofConversionRateduringSixmonthPeriod
20000000 EUR
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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53000000 USD
CY2021Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
8299000000 USD
CY2021Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
2594000000 USD
CY2020Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
7499000000 USD
CY2020Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
2649000000 USD
CY2021Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
133000000 USD
CY2021Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
133000000 USD
CY2020Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
39000000 USD
CY2020Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
39000000 USD
CY2021Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
8166000000 USD
CY2021Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
2461000000 USD
CY2020Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
7460000000 USD
CY2020Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
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2610000000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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4000000000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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1700000000 USD
CY2021Q3 v Equity Securities Without Readily Determinable Fair Value Cost
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874000000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
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607000000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
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13000000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
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484000000 USD
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
102000000 USD
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
3000000 USD
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
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6000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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613000000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
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27808000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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86000000 USD
CY2021Q3 v Future Amortization Expense
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341000000 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2021 us-gaap Interest And Dividend Income Securities
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CY2020 us-gaap Interest And Dividend Income Securities
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CY2019 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
247000000 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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721000000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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115000000 USD
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
117000000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
26000000 USD
CY2020 us-gaap Equity Securities Fv Ni Realized Gain Loss
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CY2019 us-gaap Equity Securities Fv Ni Realized Gain Loss
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18000000 USD
CY2021 us-gaap Investment Income Net
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731000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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83000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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80000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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60000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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78000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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55000000 USD
CY2020 us-gaap Investment Income Net
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CY2019 us-gaap Investment Income Net
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383000000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
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CY2020Q3 us-gaap Property Plant And Equipment Gross
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CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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4959000000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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4424000000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
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2715000000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
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2737000000 USD
CY2021Q3 us-gaap Capitalized Computer Software Accumulated Amortization
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3200000000 USD
CY2020Q3 us-gaap Capitalized Computer Software Accumulated Amortization
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2700000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
42000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1036000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
695000000 USD
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FiniteLivedIntangibleAssetsNet
341000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1020000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
613000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
407000000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27323000000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27323000000 USD
CY2020Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27401000000 USD
CY2020Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27401000000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2020 us-gaap Goodwill Acquired During Period
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48000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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27000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
695000000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
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27664000000 USD
CY2020Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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28421000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2020Q3 us-gaap Goodwill
Goodwill
15910000000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
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CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
206000000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
15958000000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
15910000000 USD
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2021Q3 us-gaap Operating Lease Right Of Use Asset
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515000000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
508000000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
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103000000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
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97000000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
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471000000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
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CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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P6Y
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0223
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0229
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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76000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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120000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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108000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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100000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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85000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
75000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
132000000 USD
CY2021Q3 v Lessee Operating Lease Lease Not Yet Commenced Liability
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467000000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
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19978000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
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620000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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46000000 USD
CY2021Q3 us-gaap Operating Lease Liability
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574000000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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161000000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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178000000 USD
CY2021Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
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138000000 USD
CY2020Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
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248000000 USD
CY2021Q3 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt
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CY2021Q3 us-gaap Long Term Debt Current
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999000000 USD
CY2020Q3 us-gaap Long Term Debt Current
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CY2020Q3 us-gaap Long Term Debt Noncurrent
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21071000000 USD
CY2021Q3 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt
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1000000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2250000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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4000000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
13750000000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
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21000000000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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141000000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
140000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
121000000 USD
CY2021 v Maximum Settlement Exposure
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105000000000 USD
CY2021 v Average Daily Settlement Exposure
AverageDailySettlementExposure
65100000000 USD
CY2021Q3 v Cash Collateral Received
CashCollateralReceived
2260000000 USD
CY2020Q3 v Cash Collateral Received
CashCollateralReceived
1850000000 USD
CY2021Q3 v Pledged Securities At Market Value Collateral
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254000000 USD
CY2020Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
228000000 USD
CY2021Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1518000000 USD
CY2020Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1306000000 USD
CY2021Q3 v Guarantees Collateral
GuaranteesCollateral
758000000 USD
CY2020Q3 v Guarantees Collateral
GuaranteesCollateral
717000000 USD
CY2021Q3 v Total Collateral
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4790000000 USD
CY2020Q3 v Total Collateral
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4101000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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20000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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-318000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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234000000 USD
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
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156000000 USD
CY2020 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
150000000 USD
CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
95000000 USD
CY2021Q3 v Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1882000000 USD
CY2020Q3 v Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1908000000 USD
CY2021Q3 v Shares Outstanding As Converted Basis
SharesOutstandingAsConvertedBasis
2161000000 shares
CY2020Q3 v Shares Outstanding As Converted Basis
SharesOutstandingAsConvertedBasis
2197000000 shares
CY2021 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
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0 shares
CY2020 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
0 shares
CY2019 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
2000000 shares
CY2021 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
0
CY2020 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
0
CY2019 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
174.73
CY2021 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
0 USD
CY2020 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
0 USD
CY2019 v Deposits To Litigation Escrow Account
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