2020 Form 10-K Financial Statement

#000111133521000006 Filed on February 18, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $2.548B $744.0M $2.945B
YoY Change -13.48% 1.78% -1.31%
Cost Of Revenue $2.303B $638.0M $2.621B
YoY Change -12.13% 0.47% 1.87%
Gross Profit $245.0M $104.0M $324.0M
YoY Change -24.38% 8.33% -21.17%
Gross Profit Margin 9.62% 13.98% 11.0%
Selling, General & Admin $193.0M $54.00M $221.0M
YoY Change -12.67% 0.0% 14.51%
% of Gross Profit 78.78% 51.92% 68.21%
Research & Development $201.0M $300.0M
YoY Change -33.0% 4.9%
% of Gross Profit 82.04% 92.59%
Depreciation & Amortization $104.0M $26.00M $100.0M
YoY Change 4.0% 8.33% 9.89%
% of Gross Profit 42.45% 25.0% 30.86%
Operating Expenses $394.0M $51.00M $521.0M
YoY Change -24.38% 2.0% 8.77%
Operating Profit -$149.0M $53.00M -$197.0M
YoY Change -24.37% 15.22% 189.71%
Interest Expense $16.00M -$3.000M $13.00M
YoY Change 23.08% -250.0% -7.14%
% of Operating Profit -5.66%
Other Income/Expense, Net -$9.000M -$4.000M
YoY Change 125.0% -80.95%
Pretax Income -$20.00M $48.00M $106.0M
YoY Change -118.87% 2.13% -50.93%
Income Tax $28.00M $8.000M $24.00M
% Of Pretax Income 16.67% 22.64%
Net Earnings -$56.00M $39.00M $70.00M
YoY Change -180.0% -13.33% -57.32%
Net Earnings / Revenue -2.2% 5.24% 2.38%
Basic Earnings Per Share -$2.01 $1.24 $2.49
Diluted Earnings Per Share -$2.01 $1.24 $2.48
COMMON SHARES
Basic Shares Outstanding 27.90M shares 27.97M shares 28.10M shares
Diluted Shares Outstanding 27.90M shares 28.20M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $496.0M $466.0M $466.0M
YoY Change 6.44% 0.65% 0.65%
Cash & Equivalents $496.0M $466.0M $466.0M
Short-Term Investments
Other Short-Term Assets $64.00M $193.0M $78.00M
YoY Change -17.95% 21.38% 14.71%
Inventory $177.0M $169.0M $169.0M
Prepaid Expenses $22.00M
Receivables $484.0M $514.0M $514.0M
Other Receivables $120.0M $118.0M $118.0M
Total Short-Term Assets $1.341B $1.345B $1.345B
YoY Change -0.3% 3.78% 3.78%
LONG-TERM ASSETS
Property, Plant & Equipment $608.0M $436.0M $601.0M
YoY Change 1.16% 9.82% 51.39%
Goodwill $0.00
YoY Change
Intangibles $81.00M
YoY Change -1.22%
Long-Term Investments $60.00M $48.00M $48.00M
YoY Change 25.0% 14.29% 14.29%
Other Assets $76.00M $150.0M $90.00M
YoY Change -15.56% 4.9% 47.54%
Total Long-Term Assets $930.0M $926.0M $926.0M
YoY Change 0.43% 30.24% 30.24%
TOTAL ASSETS
Total Short-Term Assets $1.341B $1.345B $1.345B
Total Long-Term Assets $930.0M $926.0M $926.0M
Total Assets $2.271B $2.271B $2.271B
YoY Change 0.0% 13.15% 13.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0M $511.0M $511.0M
YoY Change -2.15% 17.2% 17.2%
Accrued Expenses $130.0M $120.0M $120.0M
YoY Change 8.33% 50.0% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $37.00M $37.00M
YoY Change -100.0% -35.09% -35.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $824.0M $798.0M $798.0M
YoY Change 3.26% 10.68% 10.68%
LONG-TERM LIABILITIES
Long-Term Debt $349.0M $348.0M $348.0M
YoY Change 0.29% 0.0% 0.0%
Other Long-Term Liabilities $560.0M $72.00M $503.0M
YoY Change 11.33% -5.26% 51.05%
Total Long-Term Liabilities $909.0M $420.0M $851.0M
YoY Change 6.82% -0.94% 24.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $824.0M $798.0M $798.0M
Total Long-Term Liabilities $909.0M $420.0M $851.0M
Total Liabilities $1.884B $1.218B $1.791B
YoY Change 5.19% 6.38% 16.15%
SHAREHOLDERS EQUITY
Retained Earnings $1.679B
YoY Change 4.35%
Common Stock $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.275B
YoY Change 0.49%
Treasury Stock Shares 27.04M shares
Shareholders Equity $387.0M $480.0M $480.0M
YoY Change
Total Liabilities & Shareholders Equity $2.271B $2.271B $2.271B
YoY Change 0.0% 13.15% 13.15%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$56.00M $39.00M $70.00M
YoY Change -180.0% -13.33% -57.32%
Depreciation, Depletion And Amortization $104.0M $26.00M $100.0M
YoY Change 4.0% 8.33% 9.89%
Cash From Operating Activities $168.0M $65.00M $183.0M
YoY Change -8.2% -32.99% -10.29%
INVESTING ACTIVITIES
Capital Expenditures -$104.0M -$33.00M $142.0M
YoY Change -173.24% 6.45% 11.81%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $2.000M $1.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$98.00M -$32.00M -$128.0M
YoY Change -23.44% 3.23% 30.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.00M $20.00M
YoY Change -20.0% -93.33%
Debt Paid & Issued, Net $400.0M $0.00
YoY Change
Cash From Financing Activities -$58.00M -14.00M -$49.00M
YoY Change 18.37% -65.85% -85.37%
NET CHANGE
Cash From Operating Activities $168.0M 65.00M $183.0M
Cash From Investing Activities -$98.00M -32.00M -$128.0M
Cash From Financing Activities -$58.00M -14.00M -$49.00M
Net Change In Cash $31.00M 19.00M $2.000M
YoY Change 1450.0% -24.0% -100.83%
FREE CASH FLOW
Cash From Operating Activities $168.0M $65.00M $183.0M
Capital Expenditures -$104.0M -$33.00M $142.0M
Free Cash Flow $272.0M $98.00M $41.00M
YoY Change 563.41% -23.44% -46.75%

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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported herein. Considerable judgment is involved in making these determinations and the use of different estimates or assumptions could result in significantly different results. Management believes its assumptions and estimates are reasonable and appropriate. However, actual results could differ from those reported herein. Events and changes in circumstances arising after December 31, 2020, including those resulting from the impacts of COVID-19 and related subsequent semiconductor supply shortage, as described below, will be reflected in management's estimates for future periods.</span>
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
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0.01
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CY2020 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
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Contractually Reimbursable Engineering Costs: Engineering, testing, and other costs incurred in the design and development of production parts are expensed as incurred, unless the cost reimbursement is contractually guaranteed in a customer contract, in which case costs are capitalized as incurred and subsequently reduced upon lump sum or piece price recoveries.
CY2020 us-gaap Goodwill Impairment Loss
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60000000 USD
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48000000 USD
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95000000 USD
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75000000 USD
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CY2019Q4 us-gaap Due To Related Parties Noncurrent
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92000000 USD
CY2020Q4 vc Number Of Facilities
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CY2019Q4 us-gaap Inventory Finished Goods
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CY2019Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Other Assets Current
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CY2019Q4 us-gaap Other Assets Current
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CY2020Q4 us-gaap Notes And Loans Receivable Gross Current
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CY2020Q4 vc Deferred Income Taxes Noncurrent
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CY2019Q4 us-gaap Value Added Tax Receivable Noncurrent
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CY2020Q4 vc Contractualengineeringcostrecoveriesnoncurrent
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CY2020Q4 us-gaap Value Added Tax Receivable Noncurrent
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21000000 USD
CY2020Q4 vc Royalty Agreements Noncurrent
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8000000 USD
CY2019Q4 vc Royalty Agreements Noncurrent
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11000000 USD
CY2020Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
7000000 USD
CY2019Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
8000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
20000000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
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150000000 USD
CY2020 vc Reimbursementof Engineeringcostsinfollowingyear
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31000000 USD
CY2020 vc Reimbursementforengineeringcostsexpectedinyeartwo
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CY2020 vc Reimbursementforengineeringcostsexpectedinyearthree
Reimbursementforengineeringcostsexpectedinyearthree
8000000 USD
CY2020 vc Reimbursementforengineeringcostsexpectedinyearfour
Reimbursementforengineeringcostsexpectedinyearfour
3000000 USD
CY2020 vc Reimbursementforengineeringcostsexpectedinyearfiveandbeyond
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4000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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484000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
391000000 USD
CY2020Q4 vc Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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436000000 USD
CY2018 us-gaap Capitalized Computer Software Amortization1
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7000000 USD
CY2020Q4 us-gaap Land
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12000000 USD
CY2019Q4 us-gaap Land
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12000000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
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96000000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
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83000000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
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706000000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
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599000000 USD
CY2020Q4 us-gaap Construction In Progress Gross
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44000000 USD
CY2019Q4 us-gaap Construction In Progress Gross
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80000000 USD
CY2020Q4 vc Product Tooling Gross
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62000000 USD
CY2019Q4 vc Product Tooling Gross
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53000000 USD
CY2020Q4 vc Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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920000000 USD
CY2019Q4 vc Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
827000000 USD
CY2019Q4 vc Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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436000000 USD
CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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CY2018 us-gaap Depreciation
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CY2020 us-gaap Adjustment For Amortization
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CY2019 us-gaap Adjustment For Amortization
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CY2018 us-gaap Adjustment For Amortization
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CY2020 vc Depreciation And Amortization Expense
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CY2019 vc Depreciation And Amortization Expense
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CY2018 vc Depreciation And Amortization Expense
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CY2019 us-gaap Asset Impairment Charges
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CY2020Q4 us-gaap Capitalized Computer Software Net
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CY2019Q4 us-gaap Capitalized Computer Software Net
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21000000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
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9000000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
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9000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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194000000 USD
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116000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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78000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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176000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
95000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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81000000 USD
CY2020Q4 us-gaap Goodwill Gross
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49000000 USD
CY2020Q4 vc Goodwill And Indefinite Lived Intangible Assets Net
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49000000 USD
CY2019Q4 us-gaap Goodwill Gross
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46000000 USD
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46000000 USD
CY2020Q4 vc Intangible Assets Gross Including Goodwill
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243000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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116000000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2019Q4 vc Intangible Assets Gross Including Goodwill
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222000000 USD
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95000000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
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127000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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18000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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18000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8000000 USD
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P6Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020 us-gaap Operating Lease Cost
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CY2019 us-gaap Operating Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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CY2020 us-gaap Sublease Income
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CY2019 us-gaap Sublease Income
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5000000 USD
CY2020 us-gaap Lease Cost
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38000000 USD
CY2019 us-gaap Lease Cost
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37000000 USD
CY2020 us-gaap Operating Lease Payments Use
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40000000 USD
CY2019 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
38000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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38000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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38000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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38000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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35000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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32000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
29000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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24000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
43000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
201000000 USD
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23000000 USD
CY2020Q4 us-gaap Operating Lease Liability
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178000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
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52000000 USD
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34000000 USD
CY2020Q4 us-gaap Deferred Revenue Current
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46000000 USD
CY2019Q4 us-gaap Deferred Revenue Current
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22000000 USD
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39000000 USD
CY2019Q4 us-gaap Restructuring Reserve Current
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10000000 USD
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15000000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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17000000 USD
CY2020Q4 vc Royalty Agreements
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13000000 USD
CY2019Q4 vc Royalty Agreements
RoyaltyAgreements
19000000 USD
CY2020Q4 vc Jointventurepayables
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9000000 USD
CY2019Q4 vc Jointventurepayables
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9000000 USD
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5000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
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7000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
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30000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
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29000000 USD
CY2020Q4 us-gaap Other Liabilities Current
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209000000 USD
CY2019Q4 us-gaap Other Liabilities Current
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147000000 USD
CY2020Q4 us-gaap Hedging Liabilities Noncurrent
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38000000 USD
CY2019Q4 us-gaap Hedging Liabilities Noncurrent
HedgingLiabilitiesNoncurrent
14000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
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12000000 USD
CY2019Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
15000000 USD
CY2020Q4 us-gaap Restructuring Reserve Noncurrent
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10000000 USD
CY2019Q4 us-gaap Restructuring Reserve Noncurrent
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0 USD
CY2020Q4 us-gaap Deferred Revenue
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7000000 USD
CY2019Q4 us-gaap Deferred Revenue
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9000000 USD
CY2020Q4 vc Royalties Noncurrent
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6000000 USD
CY2019Q4 vc Royalties Noncurrent
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13000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
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6000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Noncurrent
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5000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
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13000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
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16000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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92000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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72000000 USD
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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CY2020 us-gaap Defined Contribution Plan Cost Recognized
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5000000 USD
CY2020Q4 vc Amended Loc Agreement Facility Capacity
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5000000 USD
CY2020 vc Loc Collateral Percentagefordrawsinthe U.S.Dollars
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1.03
CY2020 vc Lo Ccollateralpercentagefordrawsinnon U.S.Currencies
LOCcollateralpercentagefordrawsinnonU.S.currencies
1.10
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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3000000 USD
CY2020Q4 us-gaap Debt Instrument Collateral Amount
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1000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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1177000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1088000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
1190000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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1107000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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8000000 USD
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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886000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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830000000 USD
CY2020 vc Defined Benefit Plan Plan Assets Contributions By Employer Deferred
DefinedBenefitPlanPlanAssetsContributionsByEmployerDeferred
2000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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7000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
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18000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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17000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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21000000 USD
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10000000 USD
CY2020 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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354000 shares
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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100000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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203000000 USD
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000000 USD
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0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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21000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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43000000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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23000000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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16000000 USD
CY2020 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
EffectiveIncomeTaxRateReconciliationNonUSWithholdingTaxes
5000000 USD
CY2019 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
EffectiveIncomeTaxRateReconciliationNonUSWithholdingTaxes
10000000 USD
CY2018 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
EffectiveIncomeTaxRateReconciliationNonUSWithholdingTaxes
14000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Holidays
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4000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Holidays
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5000000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Holidays
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5000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
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1000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
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2000000 USD
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46000000 USD
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-10000000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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33000000 USD
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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35000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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1000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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1000000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
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5000000 USD
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Income Tax Expense Benefit
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24000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28000000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Foreign
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10000000 USD
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5000000 USD
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33000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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23000000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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16000000 USD
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35000000 USD
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1099000000 USD
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80000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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73000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
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59000000 USD
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55000000 USD
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14000000 USD
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14000000 USD
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11000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
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9000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
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9000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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13000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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5000000 USD
CY2020Q4 vc Deferred Tax Assets Capitalized Expenditures For Tax Reporting
DeferredTaxAssetsCapitalizedExpendituresForTaxReporting
5000000 USD
CY2019Q4 vc Deferred Tax Assets Capitalized Expenditures For Tax Reporting
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5000000 USD
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