2021 Q4 Form 10-Q Financial Statement
#000167491022000038 Filed on February 09, 2022
Income Statement
Concept | 2021 Q4 | 2020 Q4 |
---|---|---|
Revenue | $858.0M | $653.0M |
YoY Change | 31.39% | 7.58% |
Cost Of Revenue | $614.0M | $425.0M |
YoY Change | 44.47% | 7.32% |
Gross Profit | $244.0M | $228.0M |
YoY Change | 7.02% | 8.06% |
Gross Profit Margin | 28.44% | 34.92% |
Selling, General & Admin | $135.0M | $117.0M |
YoY Change | 15.38% | 0.0% |
% of Gross Profit | 55.33% | 51.32% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $25.00M | $21.00M |
YoY Change | 19.05% | 31.25% |
% of Gross Profit | 10.25% | 9.21% |
Operating Expenses | $135.0M | $117.0M |
YoY Change | 15.38% | 0.0% |
Operating Profit | $121.0M | $124.0M |
YoY Change | -2.42% | 19.23% |
Interest Expense | -$17.00M | -$20.00M |
YoY Change | -15.0% | 25.0% |
% of Operating Profit | -14.05% | -16.13% |
Other Income/Expense, Net | $24.00M | $27.00M |
YoY Change | -11.11% | 50.0% |
Pretax Income | $113.0M | $117.0M |
YoY Change | -3.42% | 20.62% |
Income Tax | $26.00M | $30.00M |
% Of Pretax Income | 23.01% | 25.64% |
Net Earnings | $87.00M | $87.00M |
YoY Change | 0.0% | 19.18% |
Net Earnings / Revenue | 10.14% | 13.32% |
Basic Earnings Per Share | $0.48 | $0.47 |
Diluted Earnings Per Share | $0.48 | $0.47 |
COMMON SHARES | ||
Basic Shares Outstanding | 181.0M shares | 185.0M shares |
Diluted Shares Outstanding | 182.0M shares | 186.0M shares |
Balance Sheet
Concept | 2021 Q4 | 2020 Q4 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $152.0M | $527.0M |
YoY Change | -71.16% | 225.31% |
Cash & Equivalents | $152.0M | $527.0M |
Short-Term Investments | ||
Other Short-Term Assets | $55.00M | $44.00M |
YoY Change | 25.0% | 2.33% |
Inventory | $264.0M | $213.0M |
Prepaid Expenses | ||
Receivables | $530.0M | $430.0M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.001B | $1.214B |
YoY Change | -17.55% | 52.9% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $824.0M | $713.0M |
YoY Change | 15.57% | 48.85% |
Goodwill | $621.0M | |
YoY Change | 43.42% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $50.00M | $46.00M |
YoY Change | 8.7% | 17.95% |
Other Assets | $204.0M | $123.0M |
YoY Change | 65.85% | 12.84% |
Total Long-Term Assets | $2.182B | $1.942B |
YoY Change | 12.36% | 29.21% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.001B | $1.214B |
Total Long-Term Assets | $2.182B | $1.942B |
Total Assets | $3.183B | $3.156B |
YoY Change | 0.86% | 37.4% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $218.0M | $158.0M |
YoY Change | 37.97% | 3.27% |
Accrued Expenses | $291.0M | $260.0M |
YoY Change | 11.92% | 5.69% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $32.00M | $88.00M |
YoY Change | -63.64% | 300.0% |
Total Short-Term Liabilities | $541.0M | $506.0M |
YoY Change | 6.92% | 20.19% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.662B | $1.887B |
YoY Change | -11.92% | 42.95% |
Other Long-Term Liabilities | $255.0M | $255.0M |
YoY Change | 0.0% | 67.76% |
Total Long-Term Liabilities | $2.475B | $2.705B |
YoY Change | -8.5% | 30.55% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $541.0M | $506.0M |
Total Long-Term Liabilities | $2.475B | $2.705B |
Total Liabilities | $3.016B | $3.211B |
YoY Change | -6.07% | 28.8% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $123.0M | -$106.0M |
YoY Change | -216.04% | -54.11% |
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 | $167.0M | -$55.00M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.183B | $3.156B |
YoY Change | 0.86% | 37.4% |
Cashflow Statement
Concept | 2021 Q4 | 2020 Q4 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $87.00M | $87.00M |
YoY Change | 0.0% | 19.18% |
Depreciation, Depletion And Amortization | $25.00M | $21.00M |
YoY Change | 19.05% | 31.25% |
Cash From Operating Activities | $32.00M | $79.00M |
YoY Change | -59.49% | 33.9% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $35.00M | $35.00M |
YoY Change | 0.0% | 25.0% |
Acquisitions | $14.00M | $218.0M |
YoY Change | -93.58% | 3533.33% |
Other Investing Activities | $0.00 | $1.000M |
YoY Change | -100.0% | 0.0% |
Cash From Investing Activities | -$46.00M | -$245.0M |
YoY Change | -81.22% | 600.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $23.00M | $23.00M |
YoY Change | 0.0% | 9.52% |
Common Stock Issuance & Retirement, Net | $31.00M | $58.00M |
YoY Change | -46.55% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$63.00M | -$73.00M |
YoY Change | -13.7% | 217.39% |
NET CHANGE | ||
Cash From Operating Activities | $32.00M | $79.00M |
Cash From Investing Activities | -$46.00M | -$245.0M |
Cash From Financing Activities | -$63.00M | -$73.00M |
Net Change In Cash | -$77.00M | -$233.0M |
YoY Change | -66.95% | -5925.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $32.00M | $79.00M |
Capital Expenditures | $35.00M | $35.00M |
Free Cash Flow | -$3.000M | $44.00M |
YoY Change | -106.82% | 41.94% |
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|
35000000 | USD |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
123000000 | USD |
CY2021Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
90000000 | USD |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
9000000 | USD |
CY2021Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
8000000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
167000000 | USD |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
135000000 | USD |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3183000000 | USD |
CY2021Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3191000000 | USD |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
135000000 | USD |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2021Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.125 | |
CY2021Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
23000000 | USD |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2000000 | USD |
CY2021Q4 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
31000000 | USD |
CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1000000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
167000000 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-76000000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2020Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.125 | |
CY2020Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
23000000 | USD |
CY2020Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1000000 | USD |
CY2020Q4 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
58000000 | USD |
CY2020Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
16000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-55000000 | USD |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2021Q4 | vvv |
Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
|
25000000 | USD |
CY2020Q4 | vvv |
Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
|
21000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
8000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
0 | USD |
CY2021Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3000000 | USD |
CY2020Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3000000 | USD |
CY2021Q4 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1000000 | USD |
CY2020Q4 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
37000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-7000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-41000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-40000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
6000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-6000000 | USD |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
32000000 | USD |
CY2020Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
79000000 | USD |
CY2021Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35000000 | USD |
CY2020Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35000000 | USD |
CY2021Q4 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
-3000000 | USD |
CY2020Q4 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
-9000000 | USD |
CY2021Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
14000000 | USD |
CY2020Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
218000000 | USD |
CY2021Q4 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
CY2020Q4 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1000000 | USD |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-46000000 | USD |
CY2020Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-245000000 | USD |
CY2021Q4 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
30000000 | USD |
CY2020Q4 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
11000000 | USD |
CY2021Q4 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
31000000 | USD |
CY2020Q4 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | USD |
CY2021Q4 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
31000000 | USD |
CY2020Q4 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
58000000 | USD |
CY2021Q4 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
23000000 | USD |
CY2020Q4 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
23000000 | USD |
CY2021Q4 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-8000000 | USD |
CY2020Q4 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3000000 | USD |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-63000000 | USD |
CY2020Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-73000000 | USD |
CY2021Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2020Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6000000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-77000000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-233000000 | USD |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
231000000 | USD |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
761000000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
154000000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
528000000 | USD |
CY2021Q4 | us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
0 | USD |
CY2020Q4 | us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
0 | USD |
CY2021Q4 | vvv |
Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
|
12 | service_center_store |
CY2021Q4 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
14000000 | USD |
CY2021Q4 | us-gaap |
Number Of Stores
NumberOfStores
|
1600 | service_center_store |
CY2020Q4 | vvv |
Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
|
81 | service_center_store |
CY2020Q4 | vvv |
Business Acquisition Number Of Former Franchise Service Centers Converted
BusinessAcquisitionNumberOfFormerFranchiseServiceCentersConverted
|
27 | service_center_store |
CY2020Q4 | vvv |
Business Acquisition Number Of Franchise Service Center Stores
BusinessAcquisitionNumberOfFranchiseServiceCenterStores
|
12 | service_center_store |
CY2020Q4 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
218000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
0 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
2000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
3000000 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
79000000 | USD |
CY2021Q4 | vvv |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseAsset
|
4000000 | USD |
CY2020Q4 | vvv |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseAsset
|
23000000 | USD |
CY2021Q4 | vvv |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
|
11000000 | USD |
CY2020Q4 | vvv |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
|
175000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
0 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
6000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
|
4000000 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
|
21000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
|
0 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
|
70000000 | USD |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
14000000 | USD |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
14000000 | USD |
CY2020Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
218000000 | USD |
CY2020Q4 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P11Y | |
CY2021Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
14000000 | USD |
CY2021Q4 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
1694000000 | USD |
CY2021Q3 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
1694000000 | USD |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
32000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
17000000 | USD |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1662000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1677000000 | USD |
CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
26000000 | USD |
CY2020Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000000 | USD |
CY2021Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.230 | |
CY2020Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.256 | |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
87000000 | USD |
CY2021Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
181000000 | shares |
CY2020Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
185000000 | shares |
CY2021Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares |
CY2020Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
182000000 | shares |
CY2020Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
186000000 | shares |
CY2021Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.48 | |
CY2020Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.47 | |
CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.48 | |
CY2020Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.47 | |
CY2020Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares |
CY2021Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Reportable_segment |
CY2021Q4 | us-gaap |
Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
|
140 | numberOfCountries |
CY2021Q4 | vvv |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
156000000 | USD |
CY2020Q4 | vvv |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
149000000 | USD |
CY2021Q4 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
17000000 | USD |
CY2020Q4 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
20000000 | USD |
CY2021Q4 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
25000000 | USD |
CY2020Q4 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
21000000 | USD |
CY2021Q4 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-9000000 | USD |
CY2020Q4 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-13000000 | USD |
CY2021Q4 | vvv |
Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
|
3000000 | USD |
CY2020Q4 | vvv |
Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
|
1000000 | USD |
CY2021Q4 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
6000000 | USD |
CY2020Q4 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
4000000 | USD |
CY2021Q4 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
1000000 | USD |
CY2020Q4 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
0 | USD |
CY2021Q4 | us-gaap |
Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
|
0 | USD |
CY2020Q4 | us-gaap |
Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
|
1000000 | USD |
CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
113000000 | USD |
CY2020Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
117000000 | USD |
CY2021Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
858000000 | USD |
CY2020Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
653000000 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
152000000 | USD |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
230000000 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
527000000 | USD |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
2000000 | USD |
CY2021Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
1000000 | USD |
CY2020Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
1000000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
154000000 | USD |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
231000000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
528000000 | USD |
CY2021Q4 | vvv |
Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
|
513000000 | USD |
CY2021Q3 | vvv |
Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
|
475000000 | USD |
CY2021Q4 | vvv |
Accounts Receivable Other Receivables Current
AccountsReceivableOtherReceivablesCurrent
|
15000000 | USD |
CY2021Q3 | vvv |
Accounts Receivable Other Receivables Current
AccountsReceivableOtherReceivablesCurrent
|
16000000 | USD |
CY2021Q4 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
|
7000000 | USD |
CY2021Q3 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
|
10000000 | USD |
CY2021Q4 | vvv |
Current Receivables Gross
CurrentReceivablesGross
|
535000000 | USD |
CY2021Q3 | vvv |
Current Receivables Gross
CurrentReceivablesGross
|
501000000 | USD |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5000000 | USD |
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5000000 | USD |
CY2021Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
530000000 | USD |
CY2021Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
496000000 | USD |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
277000000 | USD |
CY2021Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
276000000 | USD |
CY2021Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
60000000 | USD |
CY2021Q3 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
49000000 | USD |
CY2021Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
-73000000 | USD |
CY2021Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
-67000000 | USD |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
264000000 | USD |
CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
258000000 | USD |
CY2021Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
858000000 | USD |
CY2020Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
653000000 | USD |