$VVV
VALVOLINE INC

2021 Q1 Form 10-Q Financial Statement

#000167491021000060 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $701.0M $578.0M
YoY Change 21.28% -2.2%
Cost Of Revenue $454.0M $371.0M
YoY Change 22.37% -4.38%
Gross Profit $247.0M $207.0M
YoY Change 19.32% 1.97%
Gross Profit Margin 35.24% 35.81%
Selling, General & Admin $129.0M $96.00M
YoY Change 34.38% -15.04%
% of Gross Profit 52.23% 46.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.00M $15.00M
YoY Change 53.33% 7.14%
% of Gross Profit 9.31% 7.25%
Operating Expenses $129.0M $96.00M
YoY Change 34.38% -15.04%
Operating Profit $131.0M $117.0M
YoY Change 11.97% 21.88%
Interest Expense -$55.00M -$19.00M
YoY Change 189.47% 0.0%
% of Operating Profit -41.98% -16.24%
Other Income/Expense, Net $27.00M $15.00M
YoY Change 80.0% 25.0%
Pretax Income $90.00M $88.00M
YoY Change 2.27% 10.0%
Income Tax $22.00M $25.00M
% Of Pretax Income 24.44% 28.41%
Net Earnings $68.00M $63.00M
YoY Change 7.94% 0.0%
Net Earnings / Revenue 9.7% 10.9%
Basic Earnings Per Share $0.37 $0.33
Diluted Earnings Per Share $0.37 $0.33
COMMON SHARES
Basic Shares Outstanding 182.0M shares 188.0M shares
Diluted Shares Outstanding 183.0M shares 188.0M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.0M $774.0M
YoY Change -68.09% 578.95%
Cash & Equivalents $247.0M $774.0M
Short-Term Investments
Other Short-Term Assets $55.00M $49.00M
YoY Change 12.24% -16.95%
Inventory $218.0M $209.0M
Prepaid Expenses
Receivables $448.0M $352.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $968.0M $1.384B
YoY Change -30.06% 88.81%
LONG-TERM ASSETS
Property, Plant & Equipment $741.0M $509.0M
YoY Change 45.58% 15.42%
Goodwill $617.0M $430.0M
YoY Change 43.49% 6.44%
Intangibles
YoY Change
Long-Term Investments $45.00M $37.00M
YoY Change 21.62% 8.82%
Other Assets $117.0M $131.0M
YoY Change -10.69% 27.18%
Total Long-Term Assets $1.953B $1.533B
YoY Change 27.4% 29.81%
TOTAL ASSETS
Total Short-Term Assets $968.0M $1.384B
Total Long-Term Assets $1.953B $1.533B
Total Assets $2.921B $2.917B
YoY Change 0.14% 52.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.0M $186.0M
YoY Change -3.23% 20.78%
Accrued Expenses $267.0M $215.0M
YoY Change 24.19% 4.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $448.0M $401.0M
YoY Change 11.72% 2.82%
LONG-TERM LIABILITIES
Long-Term Debt $1.719B $2.003B
YoY Change -14.18% 51.97%
Other Long-Term Liabilities $259.0M $163.0M
YoY Change 58.9% -8.94%
Total Long-Term Liabilities $2.529B $2.753B
YoY Change -8.14% 51.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $448.0M $401.0M
Total Long-Term Liabilities $2.529B $2.753B
Total Liabilities $2.977B $3.154B
YoY Change -5.61% 42.59%
SHAREHOLDERS EQUITY
Retained Earnings -$103.0M -$249.0M
YoY Change -58.63% -25.89%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$56.00M -$237.0M
YoY Change
Total Liabilities & Shareholders Equity $2.921B $2.917B
YoY Change 0.14% 52.4%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $68.00M $63.00M
YoY Change 7.94% 0.0%
Depreciation, Depletion And Amortization $23.00M $15.00M
YoY Change 53.33% 7.14%
Cash From Operating Activities $111.0M $95.00M
YoY Change 16.84% 93.88%
INVESTING ACTIVITIES
Capital Expenditures -$39.00M -$29.00M
YoY Change 34.48% 38.1%
Acquisitions
YoY Change
Other Investing Activities $8.000M -$7.000M
YoY Change -214.29% -12.5%
Cash From Investing Activities -$31.00M -$36.00M
YoY Change -13.89% 24.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $60.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -358.0M 560.0M
YoY Change -163.93% 11100.0%
NET CHANGE
Cash From Operating Activities 111.0M 95.00M
Cash From Investing Activities -31.00M -36.00M
Cash From Financing Activities -358.0M 560.0M
Net Change In Cash -278.0M 619.0M
YoY Change -144.91% 2376.0%
FREE CASH FLOW
Cash From Operating Activities $111.0M $95.00M
Capital Expenditures -$39.00M -$29.00M
Free Cash Flow $150.0M $124.0M
YoY Change 20.97% 77.14%

Facts In Submission

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VALVOLINE INC.
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100 Valvoline Way
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CY2020Q4 us-gaap Dividends Common Stock Cash
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23000000 USD
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16000000 USD
CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Net Income Loss
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68000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.125
CY2021Q1 us-gaap Dividends Common Stock Cash
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23000000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4000000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
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42000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Net Income Loss
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73000000 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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0.113
CY2019Q4 us-gaap Dividends Common Stock Cash
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21000000 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3000000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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6000000 USD
CY2019Q4 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Net Income Loss
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63000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.113
CY2020Q1 us-gaap Dividends Common Stock Cash
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21000000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
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60000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q1 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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136000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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36000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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19000000 USD
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44000000 USD
vvv Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
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31000000 USD
us-gaap Pension Contributions
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4000000 USD
us-gaap Pension Contributions
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Other Noncash Income Expense
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14000000 USD
us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Inventories
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13000000 USD
us-gaap Increase Decrease In Inventories
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20000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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26000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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16000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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190000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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154000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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74000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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57000000 USD
us-gaap Increase Decrease In Notes Receivables
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us-gaap Increase Decrease In Notes Receivables
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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223000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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11000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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3000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Repayments Of Debt
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800000000 USD
us-gaap Repayments Of Debt
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475000000 USD
us-gaap Payments Of Debt Extinguishment Costs
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26000000 USD
us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments For Repurchase Of Common Stock
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100000000 USD
us-gaap Payments For Repurchase Of Common Stock
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60000000 USD
us-gaap Payments Of Dividends
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46000000 USD
us-gaap Payments Of Dividends
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42000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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537000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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616000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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761000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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159000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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248000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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775000000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
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CY2020Q1 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
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CY2021Q1 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
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0 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
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vvv Business Acquisition Number Of Service Center Stores Acquired In Single And Multi Store Transactions
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100 service_center_store
us-gaap Business Combination Consideration Transferred1
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223000000 USD
vvv Number Of Company Owned Stores
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650
CY2021Q1 us-gaap Number Of Stores
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7 service_center_store
vvv Business Acquisition Number Of Former Joint Venture Locations
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14
vvv Business Acquisition Number Of Service Center Stores
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5 service_center_store
vvv Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
14 service_center_store
vvv Business Acquisition Number Of Former Franchise Service Centers
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us-gaap Business Combination Consideration Transferred1
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11000000 USD
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2000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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82000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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1000000 USD
CY2021Q1 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
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26000000 USD
CY2020Q1 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
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0 USD
CY2021Q1 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
180000000 USD
CY2020Q1 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
5000000 USD
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
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7000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
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CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
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24000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
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0 USD
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
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74000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
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0 USD
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
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223000000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
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11000000 USD
CY2021Q1 vvv Business Combination Recognized Identifiable Assets Acquired Assumed Finance Lease Asset
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73000000 USD
CY2021Q1 vvv Business Combination Recognized Identifiable Liabilities Assumed Finance Lease Obligation Current
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3000000 USD
CY2021Q1 vvv Business Combination Recognized Identifiable Liabilities Assumed Finance Lease Obligation
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70000000 USD
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P11Y
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P9Y
us-gaap Gain Loss On Contract Termination
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CY2020Q3 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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180000000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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10000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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2000000 USD
CY2021Q1 us-gaap Goodwill
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vvv Business Disposition Number Of Service Centers Sold
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12 service_center_store
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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150000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
115000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
112000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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28000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
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84000000 USD
us-gaap Amortization Of Intangible Assets
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7000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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15000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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14000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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11000000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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15000000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
19000000 USD
CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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1720000000 USD
CY2020Q3 us-gaap Debt Longterm And Shortterm Combined Amount
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1962000000 USD
CY2021Q1 us-gaap Long Term Debt Current
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1000000 USD
CY2020Q3 us-gaap Long Term Debt Current
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CY2021Q1 us-gaap Long Term Debt Noncurrent
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1719000000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
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1962000000 USD
CY2021Q1 us-gaap Net Income Loss
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68000000 USD
CY2020Q1 us-gaap Net Income Loss
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63000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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22000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
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25000000 USD
us-gaap Income Tax Expense Benefit
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52000000 USD
us-gaap Income Tax Expense Benefit
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49000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.244
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.284
us-gaap Effective Income Tax Rate Continuing Operations
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0.251
us-gaap Effective Income Tax Rate Continuing Operations
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0.265
us-gaap Net Income Loss
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155000000 USD
us-gaap Net Income Loss
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136000000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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182000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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188000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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184000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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188000000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1000000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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183000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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188000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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184000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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189000000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
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CY2020Q1 us-gaap Earnings Per Share Basic
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0.33
us-gaap Earnings Per Share Basic
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0.84
us-gaap Earnings Per Share Basic
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0.72
CY2021Q1 us-gaap Earnings Per Share Diluted
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0.37
CY2020Q1 us-gaap Earnings Per Share Diluted
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0.33
us-gaap Earnings Per Share Diluted
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0.84
us-gaap Earnings Per Share Diluted
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0.72
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1000000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1000000 shares
us-gaap Number Of Reportable Segments
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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701000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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578000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1354000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1185000000 USD
CY2021Q1 us-gaap Operating Income Loss
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131000000 USD
CY2020Q1 us-gaap Operating Income Loss
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117000000 USD
us-gaap Operating Income Loss
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255000000 USD
us-gaap Operating Income Loss
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221000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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701000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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578000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1354000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1185000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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701000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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578000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1354000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1185000000 USD
CY2020Q3 vvv Accounts Receivable Other Receivables Current
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14000000 USD
CY2021Q1 us-gaap Notes And Loans Receivable Gross Current
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10000000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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247000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
760000000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774000000 USD
CY2021Q1 us-gaap Restricted Cash
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1000000 USD
CY2020Q3 us-gaap Restricted Cash
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1000000 USD
CY2020Q1 us-gaap Restricted Cash
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1000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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248000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
761000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
775000000 USD
CY2021Q1 vvv Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
426000000 USD
CY2020Q3 vvv Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
409000000 USD
CY2021Q1 vvv Accounts Receivable Other Receivables Current
AccountsReceivableOtherReceivablesCurrent
16000000 USD
CY2020Q3 us-gaap Notes And Loans Receivable Gross Current
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13000000 USD
CY2021Q1 vvv Current Receivables Gross
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452000000 USD
CY2020Q3 vvv Current Receivables Gross
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436000000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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4000000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
3000000 USD
CY2021Q1 us-gaap Receivables Net Current
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448000000 USD
CY2020Q3 us-gaap Receivables Net Current
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433000000 USD
CY2021Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
5000000 USD
CY2020Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
13000000 USD
CY2021Q1 vvv Other Notes Receivable Non Current
OtherNotesReceivableNonCurrent
3000000 USD
CY2020Q3 vvv Other Notes Receivable Non Current
OtherNotesReceivableNonCurrent
8000000 USD
CY2021Q1 vvv Notes Receivable Non Current Gross
NotesReceivableNonCurrentGross
8000000 USD
CY2020Q3 vvv Notes Receivable Non Current Gross
NotesReceivableNonCurrentGross
21000000 USD
CY2021Q1 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
3000000 USD
CY2020Q3 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
4000000 USD
CY2021Q1 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
5000000 USD
CY2020Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
17000000 USD
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
216000000 USD
CY2020Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
195000000 USD
CY2021Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
37000000 USD
CY2020Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
30000000 USD
CY2021Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-35000000 USD
CY2020Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-26000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
218000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
199000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
701000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
578000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1354000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1185000000 USD

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