2021 Q4 Form 10-K Financial Statement

#000162828022004533 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.411B $4.998B $1.306B
YoY Change 8.04% 14.36% 11.44%
Cost Of Revenue $1.037B $3.475B $878.3M
YoY Change 18.05% 19.97% 11.99%
Gross Profit $373.7M $1.523B $427.2M
YoY Change -12.52% 3.32% 10.33%
Gross Profit Margin 26.49% 30.47% 32.72%
Selling, General & Admin $329.4M $1.109B $265.5M
YoY Change 24.07% 9.98% -9.01%
% of Gross Profit 88.15% 72.83% 62.15%
Research & Development $266.4M
YoY Change 16.54%
% of Gross Profit 17.5%
Depreciation & Amortization $69.90M $227.0M $52.40M
YoY Change 33.4% 11.77% 2.75%
% of Gross Profit 18.7% 14.91% 12.27%
Operating Expenses $374.4M $1.375B $265.5M
YoY Change 41.02% 11.19% -9.01%
Operating Profit -$700.0K $259.9M $161.7M
YoY Change -100.43% 21.73% 69.5%
Interest Expense -$34.80M $90.60M $25.00M
YoY Change -239.2% -39.76% -67.19%
% of Operating Profit 34.86% 15.46%
Other Income/Expense, Net
YoY Change
Pretax Income $21.60M $166.2M $95.10M
YoY Change -77.29% -165.28% -436.04%
Income Tax -$400.0K $46.60M $20.20M
% Of Pretax Income -1.85% 28.04% 21.24%
Net Earnings $22.00M $119.6M $74.90M
YoY Change -70.63% -136.54% -320.94%
Net Earnings / Revenue 1.56% 2.39% 5.74%
Basic Earnings Per Share $0.34 $0.23
Diluted Earnings Per Share $59.04K $0.33 $0.22
COMMON SHARES
Basic Shares Outstanding 352.6M shares 355.5M shares 330.3M shares
Diluted Shares Outstanding 360.1M shares 345.1M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $439.1M $439.1M $534.6M
YoY Change -17.86% -17.86% -24.43%
Cash & Equivalents $439.1M $439.1M $534.6M
Short-Term Investments
Other Short-Term Assets $106.8M $106.8M $183.2M
YoY Change -41.7% -41.7% 1.38%
Inventory $616.3M $616.3M $446.6M
Prepaid Expenses
Receivables $1.536B $1.536B $1.354B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.699B $2.699B $2.519B
YoY Change 7.14% 7.14% 24.85%
LONG-TERM ASSETS
Property, Plant & Equipment $489.3M $642.2M $427.6M
YoY Change 14.43% 12.0% -0.14%
Goodwill $1.330B $607.2M
YoY Change 119.05% 0.23%
Intangibles $2.138B $1.303B
YoY Change 64.16% -9.65%
Long-Term Investments
YoY Change
Other Assets $235.5M $130.5M $196.8M
YoY Change 19.66% 81.5% 26.64%
Total Long-Term Assets $4.241B $4.241B $2.555B
YoY Change 65.99% 65.99% -3.22%
TOTAL ASSETS
Total Short-Term Assets $2.699B $2.699B $2.519B
Total Long-Term Assets $4.241B $4.241B $2.555B
Total Assets $6.940B $6.940B $5.074B
YoY Change 36.77% 36.77% 8.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $858.5M $858.5M $730.5M
YoY Change 17.52% 17.52% 14.71%
Accrued Expenses $953.4M $662.4M $901.8M
YoY Change 5.72% -0.56% 3.93%
Deferred Revenue $238.9M $199.6M
YoY Change 19.69% 24.05%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.80M $21.80M $22.00M
YoY Change -0.91% -0.91%
Total Short-Term Liabilities $1.855B $1.855B $1.742B
YoY Change 6.5% 6.5% 14.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.951B $2.951B $2.131B
YoY Change 38.49% 38.49% -38.55%
Other Long-Term Liabilities $368.2M $517.8M $485.4M
YoY Change -24.15% -9.65% 93.77%
Total Long-Term Liabilities $3.319B $3.468B $2.616B
YoY Change 26.87% 28.28% -29.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.855B $1.855B $1.742B
Total Long-Term Liabilities $3.319B $3.468B $2.616B
Total Liabilities $5.522B $5.522B $4.562B
YoY Change 21.05% 21.05% -14.93%
SHAREHOLDERS EQUITY
Retained Earnings -$1.215B -$1.331B
YoY Change -8.7% 33.04%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.418B $1.418B $512.1M
YoY Change
Total Liabilities & Shareholders Equity $6.940B $6.940B $5.074B
YoY Change 36.77% 36.77% 8.94%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $22.00M $119.6M $74.90M
YoY Change -70.63% -136.54% -320.94%
Depreciation, Depletion And Amortization $69.90M $227.0M $52.40M
YoY Change 33.4% 11.77% 2.75%
Cash From Operating Activities $36.50M $210.9M $194.5M
YoY Change -81.23% 0.96% 186.87%
INVESTING ACTIVITIES
Capital Expenditures -$31.80M $73.40M -$26.50M
YoY Change 20.0% 65.32% -198.51%
Acquisitions $1.164B
YoY Change
Other Investing Activities -$1.138B -$1.132B $7.000M
YoY Change -16361.43% -16274.29%
Cash From Investing Activities -$1.170B -$1.217B -$19.50M
YoY Change 5900.51% 2562.58% -27.51%
FINANCING ACTIVITIES
Cash Dividend Paid $3.800M $3.800M $3.300M
YoY Change 15.15% 15.15%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 828.4M $914.9M 28.40M
YoY Change 2816.9% 550.25% -189.31%
NET CHANGE
Cash From Operating Activities 36.50M $210.9M 194.5M
Cash From Investing Activities -1.170B -$1.217B -19.50M
Cash From Financing Activities 828.4M $914.9M 28.40M
Net Change In Cash -305.2M -$95.50M 203.4M
YoY Change -250.05% -130.92% 465.0%
FREE CASH FLOW
Cash From Operating Activities $36.50M $210.9M $194.5M
Capital Expenditures -$31.80M $73.40M -$26.50M
Free Cash Flow $68.30M $137.5M $221.0M
YoY Change -69.1% -16.41% 440.34%

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CY2020Q4 us-gaap Inventory Net
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446600000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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755300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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648400000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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266000000.0 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
220800000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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489300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
427600000 USD
CY2021 us-gaap Standard Product Warranty Description
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Warranties generally extend for one to two years from the date of sale. Provisions for warranty are determined primarily based on historical warranty cost as a percentage of sales, adjusted for specific issues that may arise.Product warranty expense is approximately one percent of product sales and the product warranty accrual is reflected in accrued expenses in the consolidated balance sheets.
CY2020Q4 us-gaap Product Warranty Accrual
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36500000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
43300000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
44900000 USD
CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
16600000 USD
CY2020 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
27800000 USD
CY2019 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
48700000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23100000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
34600000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
50300000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
30000000.0 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36500000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
43300000 USD
CY2020Q1 us-gaap Derivative Notional Amount
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1200000000 USD
CY2021 us-gaap Derivative Gain Loss On Derivative Net
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600000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
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900000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
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CY2021Q4 us-gaap Dividends Payable Amount Per Share
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0.01
CY2021Q4 us-gaap Payments Of Dividends
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3800000 USD
CY2020Q4 us-gaap Payments Of Dividends
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3300000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4998100000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4998100000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4370600000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4370600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4431200000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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12600000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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10100000 USD
CY2020Q4 vrt Contract With Customer Other Liability Current
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36100000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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37200000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4431200000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
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238900000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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199600000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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59900000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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38800000 USD
CY2021Q4 vrt Contract With Customer Other Liability Current
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52100000 USD
CY2020Q4 us-gaap Restructuring Reserve
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69300000 USD
CY2021 us-gaap Payments For Restructuring
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36700000 USD
CY2021 us-gaap Restructuring Charges
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1400000 USD
CY2021Q4 us-gaap Restructuring Reserve
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34000000.0 USD
CY2019Q4 us-gaap Restructuring Reserve
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22200000 USD
CY2020 us-gaap Payments For Restructuring
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26800000 USD
CY2020 us-gaap Restructuring Charges
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73900000 USD
CY2020Q4 us-gaap Restructuring Reserve
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69300000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
25800000 USD
CY2019 us-gaap Payments For Restructuring
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24300000 USD
CY2019 us-gaap Restructuring Charges
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20700000 USD
CY2019Q4 us-gaap Restructuring Reserve
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22200000 USD
CY2021 us-gaap Restructuring Charges
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1400000 USD
CY2020 us-gaap Restructuring Charges
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73900000 USD
CY2019 us-gaap Restructuring Charges
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20700000 USD
CY2019Q4 us-gaap Goodwill
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605800000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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1400000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
607200000 USD
CY2021 us-gaap Goodwill Acquired During Period
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748200000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-16600000 USD
CY2021 us-gaap Goodwill Impairment Loss
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8700000 USD
CY2021Q4 us-gaap Goodwill
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1330100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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2558600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
715600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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1843000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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295200000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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295200000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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2853800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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715600000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2138200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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1577500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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570900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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1006600000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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295900000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
295900000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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1873400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
570900000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1302500000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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157900000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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142800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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145800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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236400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
198600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
198500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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198500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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188900000 USD
CY2021Q4 us-gaap Proceeds From Divestiture Of Businesses
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20000000.0 EUR
CY2021Q4 us-gaap Proceeds From Divestiture Of Businesses
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21700000 USD
CY2021Q4 us-gaap Capitalized Computer Software Impairments1
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-8700000 USD
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
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0.0315
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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39400000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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31000000.0 USD
CY2021Q4 us-gaap Long Term Debt
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2972300000 USD
CY2020Q4 us-gaap Long Term Debt
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2152500000 USD
CY2021Q4 us-gaap Long Term Debt Current
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21800000 USD
CY2020Q4 us-gaap Long Term Debt Current
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22000000.0 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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2130500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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21800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
21800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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21800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
21800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2902700000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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3011700000 USD
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
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0.0315
CY2021 us-gaap Operating Lease Cost
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56300000 USD
CY2020 us-gaap Operating Lease Cost
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53300000 USD
CY2021 vrt Short Term And Variable Lease Costs
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23000000.0 USD
CY2020 vrt Short Term And Variable Lease Costs
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25300000 USD
CY2021 us-gaap Lease Cost
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79300000 USD
CY2020 us-gaap Lease Cost
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78600000 USD
CY2021 us-gaap Operating Lease Payments
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55600000 USD
CY2020 us-gaap Operating Lease Payments
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53300000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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66500000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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65100000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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152900000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
145800000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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42100000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
42300000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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113600000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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107300000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
155700000 USD
CY2020Q4 us-gaap Operating Lease Liability
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149600000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.052
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.058
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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50500000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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41500000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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30000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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18700000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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10300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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32300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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183300000 USD
CY2021Q4 vrt Defined Benefit Plan Expected Net Periodic Benefit Cost Credit Next Fiscal Year
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5600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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27600000 USD
CY2021Q4 us-gaap Operating Lease Liability
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155700000 USD
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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77500000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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92400000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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71300000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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96800000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
64000000.0 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
87100000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
0 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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9600000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
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300000 USD
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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5400000 USD
CY2021 vrt Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Investment Returns On Plan Assets Lookback Period
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P10Y
CY2021 us-gaap Defined Benefit Plan Actual Return On Plan Assets Still Held
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CY2020 us-gaap Defined Benefit Plan Actual Return On Plan Assets Still Held
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100000 USD
CY2021 us-gaap Defined Benefit Plan Purchases Sales And Settlements
DefinedBenefitPlanPurchasesSalesAndSettlements
200000 USD
CY2020 us-gaap Defined Benefit Plan Purchases Sales And Settlements
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0 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.280
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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-0.286
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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-0.350
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-72700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-373200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-201100000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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238900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
118600000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
96800000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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166200000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-254600000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-104300000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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2300000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
100000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9700000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
600000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1400000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
104400000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
73400000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
51000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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-25000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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2300000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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-400000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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-4700000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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2900000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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-1800000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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-40100000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6600000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-10900000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72700000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36500000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
34900000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-53500000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-21900000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4500000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-4900000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4000000.0 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
29500000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4600000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4300000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
12100000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
9200000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
4600000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
33700000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
16400000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
16000000.0 USD
CY2021 vrt Effective Income Tax Rate Reconciliation Us Tax Impact Of Non Us Operations
EffectiveIncomeTaxRateReconciliationUSTaxImpactOfNonUSOperations
-21100000 USD
CY2020 vrt Effective Income Tax Rate Reconciliation Us Tax Impact Of Non Us Operations
EffectiveIncomeTaxRateReconciliationUSTaxImpactOfNonUSOperations
12800000 USD
CY2019 vrt Effective Income Tax Rate Reconciliation Us Tax Impact Of Non Us Operations
EffectiveIncomeTaxRateReconciliationUSTaxImpactOfNonUSOperations
12000000.0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-24000000.0 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 vrt Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income
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7900000 USD
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CY2021 vrt Effective Income Tax Rate Reconciliation Tax Impact Of External Settlements
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8500000 USD
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CY2019 vrt Effective Income Tax Rate Reconciliation Tax Impact Of External Settlements
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CY2021 vrt Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
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CY2021 vrt Effective Income Tax Rate Reconciliation Impact Of Transaction Costs
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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5500000 USD
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CY2021 us-gaap Depreciation
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CY2020Q1 vrt Tax Receivable Agreement Period Covered
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100000000 USD
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CY2020 vrt Interest Expense Tax Receivable Agreement
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CY2021Q4 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain On Tax Receivable Agreement
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CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
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CY2021Q4 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain On Tax Receivable Agreement
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CY2020 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain On Tax Receivable Agreement
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CY2021Q4 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Amounts Previously Recorded In Accumulated Other Comprehensive Income Loss
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CY2020 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Amounts Previously Recorded In Accumulated Other Comprehensive Income Loss
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CY2021 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Accrued Expenses And Other Liabilities
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CY2020 vrt Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Accrued Expenses And Other Liabilities
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CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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155600000 USD
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10500000 USD
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6400000 USD
CY2021Q4 us-gaap Derivative Instruments In Hedges At Fair Value Net
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10500000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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6400000 USD
CY2021Q4 vrt Number Of New Reporting Units
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206100000 USD
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227000000.0 USD
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203100000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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47600000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4998100000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4370600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4431200000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7113029 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.91
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2460515 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.89
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
387000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.56
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
823828 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.99
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8362716 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.56
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y4M17D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
87100000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1370239 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.07
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y8M23D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
17700000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
119600000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-327300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-140800000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
355544632 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307076397 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118261955 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4595691 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
360140323 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307076397 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118261955 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.07
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.19
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.07
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.19
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4600000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q4 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
156500000 USD
CY2020Q4 vrt Stock Issued During Period Shares Warrants Exercised Net
StockIssuedDuringPeriodSharesWarrantsExercisedNet
13600000 shares
CY2021Q1 vrt Stock Issued During Period Shares Warrants Exercised Net
StockIssuedDuringPeriodSharesWarrantsExercisedNet
9300000 shares
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
107500000 USD
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2019Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
34500000 USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD

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