$VVV
VALVOLINE INC

2022 Q3 Form 10-Q Financial Statement

#000167491022000075 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $335.4M $957.0M $886.0M
YoY Change -59.83% 20.83% 26.39%
Cost Of Revenue $206.3M $681.0M $636.0M
YoY Change -64.97% 27.77% 40.09%
Gross Profit $129.1M $276.0M $250.0M
YoY Change -47.52% 6.56% 1.21%
Gross Profit Margin 38.49% 28.84% 28.22%
Selling, General & Admin $62.10M $138.0M $137.0M
YoY Change -55.0% 1.47% 6.2%
% of Gross Profit 48.1% 50.0% 54.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$3.600M $25.00M $25.00M
YoY Change -115.0% 4.17% 8.7%
% of Gross Profit -2.79% 9.06% 10.0%
Operating Expenses $62.10M $138.0M $137.0M
YoY Change -55.0% 1.47% 6.2%
Operating Profit $67.00M $138.0M $117.0M
YoY Change -37.96% 5.34% -10.69%
Interest Expense -$18.10M -$19.00M -$18.00M
YoY Change -4.74% 11.76% -67.27%
% of Operating Profit -27.01% -13.77% -15.38%
Other Income/Expense, Net -$32.80M $21.00M $19.00M
YoY Change -135.27% -8.7% -29.63%
Pretax Income $14.50M $129.0M $108.0M
YoY Change -93.03% 0.78% 20.0%
Income Tax $2.100M $30.00M $27.00M
% Of Pretax Income 14.48% 23.26% 25.0%
Net Earnings $157.7M $99.00M $81.00M
YoY Change -6.13% 2.06% 19.12%
Net Earnings / Revenue 47.02% 10.34% 9.14%
Basic Earnings Per Share $0.55 $0.45
Diluted Earnings Per Share $883.0K $0.55 $0.45
COMMON SHARES
Basic Shares Outstanding 177.0M shares 179.0M shares 180.0M shares
Diluted Shares Outstanding 180.0M shares 181.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.40M $98.00M $118.0M
YoY Change -89.83% -56.64% -52.23%
Cash & Equivalents $23.40M $98.00M $118.0M
Short-Term Investments
Other Short-Term Assets $1.502B $64.00M $59.00M
YoY Change 2734.34% 20.75% 7.27%
Inventory $29.40M $306.0M $276.0M
Prepaid Expenses
Receivables $66.10M $583.0M $563.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.621B $1.051B $1.016B
YoY Change 56.33% 3.44% 4.96%
LONG-TERM ASSETS
Property, Plant & Equipment $916.7M $874.0M $843.0M
YoY Change 12.2% 13.07% 13.77%
Goodwill $548.2M $685.0M $665.0M
YoY Change -14.88% 6.86% 7.78%
Intangibles
YoY Change
Long-Term Investments $48.00M $53.00M
YoY Change 2.13% 17.78%
Other Assets $215.9M $250.0M $222.0M
YoY Change 3.8% 110.08% 89.74%
Total Long-Term Assets $1.796B $2.297B $2.232B
YoY Change -16.63% 12.99% 14.29%
TOTAL ASSETS
Total Short-Term Assets $1.621B $1.051B $1.016B
Total Long-Term Assets $1.796B $2.297B $2.232B
Total Assets $3.417B $3.348B $3.248B
YoY Change 7.08% 9.81% 11.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.00M $265.0M $238.0M
YoY Change -81.71% 22.69% 32.22%
Accrued Expenses $172.6M $315.0M $300.0M
YoY Change -43.59% 9.0% 12.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $162.5M $61.00M $47.00M
YoY Change 855.88% 2950.0% 4600.0%
Total Short-Term Liabilities $919.4M $641.0M $585.0M
YoY Change 61.58% 26.43% 30.58%
LONG-TERM LIABILITIES
Long-Term Debt $1.525B $1.639B $1.648B
YoY Change -9.06% -3.08% -4.13%
Other Long-Term Liabilities $665.7M $267.0M $256.0M
YoY Change 164.17% -4.64% -1.16%
Total Long-Term Liabilities $2.191B $2.481B $2.463B
YoY Change -11.91% -1.51% -2.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $919.4M $641.0M $585.0M
Total Long-Term Liabilities $2.191B $2.481B $2.463B
Total Liabilities $3.110B $3.122B $3.048B
YoY Change 1.77% 3.17% 2.38%
SHAREHOLDERS EQUITY
Retained Earnings $282.0M $186.0M $147.0M
YoY Change 213.33% -741.38% -242.72%
Common Stock $1.800M $2.000M $2.000M
YoY Change -10.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $306.6M $226.0M $200.0M
YoY Change
Total Liabilities & Shareholders Equity $3.417B $3.348B $3.248B
YoY Change 7.08% 9.81% 11.19%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $157.7M $99.00M $81.00M
YoY Change -6.13% 2.06% 19.12%
Depreciation, Depletion And Amortization -$3.600M $25.00M $25.00M
YoY Change -115.0% 4.17% 8.7%
Cash From Operating Activities $93.20M $95.00M $64.00M
YoY Change -13.7% -10.38% -42.34%
INVESTING ACTIVITIES
Capital Expenditures -$30.00M -$35.00M -$32.00M
YoY Change -21.05% 9.38% -17.95%
Acquisitions
YoY Change
Other Investing Activities -$34.60M -$24.00M -$6.000M
YoY Change 214.55% -44.19% -175.0%
Cash From Investing Activities -$64.60M -$59.00M -$38.00M
YoY Change 31.84% -21.33% 22.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.90M -54.00M -61.00M
YoY Change -22.83% 3.85% -82.96%
NET CHANGE
Cash From Operating Activities 93.20M 95.00M 64.00M
Cash From Investing Activities -64.60M -59.00M -38.00M
Cash From Financing Activities -40.90M -54.00M -61.00M
Net Change In Cash -12.30M -18.00M -35.00M
YoY Change -305.0% -14.29% -87.41%
FREE CASH FLOW
Cash From Operating Activities $93.20M $95.00M $64.00M
Capital Expenditures -$30.00M -$35.00M -$32.00M
Free Cash Flow $123.2M $130.0M $96.00M
YoY Change -15.62% -5.8% -36.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001674910
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P6Y
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-37884
dei Entity Registrant Name
EntityRegistrantName
VALVOLINE INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
KY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
30-0939371
dei Entity Address Address Line1
EntityAddressAddressLine1
100 Valvoline Way
dei Entity Address City Or Town
EntityAddressCityOrTown
Lexington
dei Entity Address State Or Province
EntityAddressStateOrProvince
KY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
40509
dei City Area Code
CityAreaCode
859
dei Local Phone Number
LocalPhoneNumber
357-7777
dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
VVV
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
177020356 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
957000000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
792000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2701000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2146000000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
681000000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
533000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1931000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1412000000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
276000000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
259000000 usd
us-gaap Gross Profit
GrossProfit
770000000 usd
us-gaap Gross Profit
GrossProfit
734000000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
138000000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
136000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
410000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
382000000 usd
CY2022Q2 vvv Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
11000000 usd
CY2021Q2 vvv Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
1000000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
131000000 usd
vvv Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
20000000 usd
vvv Legacy And Separation Related Expenses Net
LegacyAndSeparationRelatedExpensesNet
2000000 usd
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
11000000 usd
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9000000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
36000000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
36000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
138000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
376000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
386000000 usd
CY2022Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-10000000 usd
CY2021Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-14000000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-28000000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-41000000 usd
CY2022Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
19000000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
54000000 usd
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2021Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
17000000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
92000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
129000000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
128000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
350000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
335000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
99000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
97000000 usd
us-gaap Net Income Loss
NetIncomeLoss
267000000 usd
us-gaap Net Income Loss
NetIncomeLoss
252000000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
179000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184000000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
99000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
97000000 usd
us-gaap Net Income Loss
NetIncomeLoss
267000000 usd
us-gaap Net Income Loss
NetIncomeLoss
252000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
15000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 usd
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
2000000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1000000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
6000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-10000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-18000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10000000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
81000000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
99000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
256000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
262000000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98000000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
230000000 usd
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
583000000 usd
CY2021Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
496000000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
306000000 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
258000000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
64000000 usd
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53000000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
1051000000 usd
CY2021Q3 us-gaap Assets Current
AssetsCurrent
1037000000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
874000000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
817000000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
321000000 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
307000000 usd
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
804000000 usd
CY2021Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
775000000 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
48000000 usd
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
47000000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
250000000 usd
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
208000000 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
2297000000 usd
CY2021Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
2154000000 usd
CY2022Q2 us-gaap Assets
Assets
3348000000 usd
CY2021Q3 us-gaap Assets
Assets
3191000000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
61000000 usd
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
17000000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
265000000 usd
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
246000000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
315000000 usd
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
306000000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
641000000 usd
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
569000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1639000000 usd
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1677000000 usd
CY2022Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
229000000 usd
CY2021Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
258000000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
288000000 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
274000000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
58000000 usd
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
26000000 usd
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
267000000 usd
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
252000000 usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2481000000 usd
CY2021Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2487000000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
40000000 shares
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
40000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
177000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
177000000 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
180000000 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
180000000 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
2000000 usd
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
2000000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
41000000 usd
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
35000000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
186000000 usd
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
90000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3000000 usd
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8000000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
226000000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
135000000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3348000000 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
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
81000000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22000000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
35000000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6000000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
200000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
99000000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22000000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-5000000 usd
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
38000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-18000000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
226000000 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
us-gaap Net Income Loss
NetIncomeLoss
252000000 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
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
68000000 usd
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23000000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4000000 usd
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
42000000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8000000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-56000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
97000000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23000000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
23000000 usd
us-gaap Net Income Loss
NetIncomeLoss
267000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-36000000 usd
vvv Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
75000000 usd
vvv Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
68000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-30000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-24000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
11000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3000000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
104000000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
55000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
59000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
39000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
56000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
59000000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
83000000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
56000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
296000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106000000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
9000000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
14000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
50000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
267000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-8000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-143000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-351000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
414000000 usd
CY2021Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
555000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
407000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
829000000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
26000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
104000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
67000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
69000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-483000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1000000 usd
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-131000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-533000000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100000000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228000000 usd
vvv Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
31 service_center_store
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
54000000 usd
CY2022Q2 us-gaap Number Of Stores
NumberOfStores
1690 service_center_store
vvv Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
121 service_center_store
vvv Business Acquisition Number Of Former Franchise Service Centers Converted
BusinessAcquisitionNumberOfFormerFranchiseServiceCentersConverted
44 service_center_store
vvv Business Acquisition Number Of Franchise Service Center Stores
BusinessAcquisitionNumberOfFranchiseServiceCenterStores
12 service_center_store
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
267000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
2000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
2000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
1000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
2000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
0 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
1000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
10000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
93000000 usd
CY2022Q2 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseAsset
10000000 usd
CY2021Q2 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseAsset
36000000 usd
CY2022Q2 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
42000000 usd
CY2021Q2 vvv Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill Including Purchase Accounting Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwillIncludingPurchaseAccountingAdjustments
203000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
4000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
8000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
9000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
33000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
3000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
84000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
54000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
267000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
50000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
267000000 usd
vvv Business Combination Fair Value Of Previously Held Equity Interest
BusinessCombinationFairValueOfPreviouslyHeldEquityInterest
2000000 usd
vvv Business Combination Fair Value Of Previously Held Equity Interest
BusinessCombinationFairValueOfPreviouslyHeldEquityInterest
0 usd
vvv Cash Acquired From Business Acquisition
CashAcquiredFromBusinessAcquisition
2000000 usd
vvv Cash Acquired From Business Acquisition
CashAcquiredFromBusinessAcquisition
0 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
54000000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
267000000 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2021Q3 us-gaap Goodwill
Goodwill
644000000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42000000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1000000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
685000000 usd
vvv Business Acquisition Number Of Service Center Stores
BusinessAcquisitionNumberOfServiceCenterStores
31 service_center_store
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13000000 usd
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14000000 usd
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1700000000 usd
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1694000000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
61000000 usd
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
17000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1639000000 usd
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1677000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
99000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
97000000 usd
us-gaap Net Income Loss
NetIncomeLoss
267000000 usd
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180000000 shares
us-gaap Net Income Loss
NetIncomeLoss
252000000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
179000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183000000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184000000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reportable_segment
CY2022Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
140 numberofcountries
CY2022Q2 vvv Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
180000000 usd
CY2021Q2 vvv Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
173000000 usd
vvv Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
494000000 usd
vvv Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
479000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
957000000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
792000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2701000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2146000000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98000000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
230000000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
226000000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
2000000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1000000 usd
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
2000000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100000000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231000000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228000000 usd
CY2022Q2 vvv Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
576000000 usd
CY2021Q3 vvv Accounts Receivable Trade Receivables Gross Current
AccountsReceivableTradeReceivablesGrossCurrent
475000000 usd
CY2022Q2 vvv Accounts Receivable Other Receivables Current
AccountsReceivableOtherReceivablesCurrent
14000000 usd
CY2021Q3 vvv Accounts Receivable Other Receivables Current
AccountsReceivableOtherReceivablesCurrent
16000000 usd
CY2022Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
3000000 usd
CY2021Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
10000000 usd
CY2022Q2 vvv Current Receivables Gross
CurrentReceivablesGross
593000000 usd
CY2021Q3 vvv Current Receivables Gross
CurrentReceivablesGross
501000000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
10000000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
5000000 usd
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
583000000 usd
CY2021Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
496000000 usd
vvv Trade Account Receivable Sold
TradeAccountReceivableSold
53000000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
311000000 usd
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
276000000 usd
CY2022Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
79000000 usd
CY2021Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
49000000 usd
CY2022Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-84000000 usd
CY2021Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-67000000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
306000000 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
258000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
957000000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
792000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2701000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2146000000 usd

Files In Submission

Name View Source Status
0001674910-22-000075-index-headers.html Edgar Link pending
0001674910-22-000075-index.html Edgar Link pending
0001674910-22-000075.txt Edgar Link pending
0001674910-22-000075-xbrl.zip Edgar Link pending
exhibit311-certificationof.htm Edgar Link pending
exhibit312-certificationof.htm Edgar Link pending
exhibit32-certificationofs.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vvv-20220630.htm Edgar Link pending
vvv-20220630.xsd Edgar Link pending
vvv-20220630_cal.xml Edgar Link unprocessable
vvv-20220630_def.xml Edgar Link unprocessable
vvv-20220630_g1.jpg Edgar Link pending
vvv-20220630_htm.xml Edgar Link completed
vvv-20220630_lab.xml Edgar Link unprocessable
vvv-20220630_pre.xml Edgar Link unprocessable