2017 Q4 Form 10-K Financial Statement

#000119312518060830 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017
Revenue $687.3M $565.6M $2.309B
YoY Change 9.3% 5.41% 6.54%
Cost Of Revenue $270.5M $235.9M $947.1M
YoY Change 7.5% 7.04% 220.33%
Gross Profit $416.8M $329.7M $1.362B
YoY Change 10.5% 4.27% -27.23%
Gross Profit Margin 60.65% 58.29% 58.99%
Selling, General & Admin $148.4M $135.2M $544.4M
YoY Change 13.94% 4.34% 6.25%
% of Gross Profit 35.6% 41.01% 39.97%
Research & Development $35.12M $33.78M $132.6M
YoY Change 7.23% 3.7% 5.92%
% of Gross Profit 8.43% 10.25% 9.74%
Depreciation & Amortization $27.80M $29.40M $61.45M
YoY Change 14.4% 19.51% 18.9%
% of Gross Profit 6.67% 8.92% 4.51%
Operating Expenses $183.5M $169.0M $677.0M
YoY Change 12.59% 4.21% 6.19%
Operating Profit $230.6M $159.0M $662.2M
YoY Change 10.67% 4.89% 5.95%
Interest Expense $15.28M $14.75M $56.84M
YoY Change 26.27% 34.3% 26.56%
% of Operating Profit 6.63% 9.28% 8.58%
Other Income/Expense, Net -$404.0K $12.00K -$340.0K
YoY Change -51.43%
Pretax Income $225.7M $153.8M $641.1M
YoY Change 11.43% 5.74% 6.83%
Income Tax $578.9M $17.70M $620.8M
% Of Pretax Income 256.45% 11.51% 96.83%
Net Earnings -$353.2M $131.8M $20.31M
YoY Change -382.79% 2.81% -96.11%
Net Earnings / Revenue -51.39% 23.3% 0.88%
Basic Earnings Per Share -$4.44 $1.71 $0.25
Diluted Earnings Per Share -$4.44 $1.69 $0.25
COMMON SHARES
Basic Shares Outstanding 79.45M shares 79.71M shares 79.79M shares
Diluted Shares Outstanding 79.45M shares 80.52M shares 80.60M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.394B $3.126B $3.394B
YoY Change 25.09% 20.24% 20.64%
Cash & Equivalents $642.3M $603.8M $447.9M
Short-Term Investments $2.751B $2.559B $2.946B
Other Short-Term Assets $72.31M $71.30M $72.30M
YoY Change 2.73% -3.39% 2.7%
Inventory $270.3M $287.1M $270.3M
Prepaid Expenses
Receivables $533.8M $462.8M $533.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.270B $3.947B $4.270B
YoY Change 17.46% 15.89% 17.46%
LONG-TERM ASSETS
Property, Plant & Equipment $349.3M $338.9M $349.3M
YoY Change 3.61% 2.63% 3.62%
Goodwill $359.8M
YoY Change 2.2%
Intangibles $228.4M
YoY Change 10.31%
Long-Term Investments
YoY Change
Other Assets $116.7M $134.4M $116.7M
YoY Change -10.46% -5.02% -10.51%
Total Long-Term Assets $1.054B $1.050B $1.054B
YoY Change 2.69% 0.7% 2.69%
TOTAL ASSETS
Total Short-Term Assets $4.270B $3.947B $4.270B
Total Long-Term Assets $1.054B $1.050B $1.054B
Total Assets $5.324B $4.997B $5.324B
YoY Change 14.21% 12.33% 14.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.54M $71.10M $64.50M
YoY Change -4.73% 7.56% -4.73%
Accrued Expenses $82.10M $47.00M $82.10M
YoY Change 49.27% -3.09% 15.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.3M $225.2M $100.3M
YoY Change -19.89% 79.73% -19.95%
Total Short-Term Liabilities $606.2M $653.3M $606.2M
YoY Change 16.5% 25.01% 16.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.898B $1.687B $1.898B
YoY Change 11.49% 3.4% 11.49%
Other Long-Term Liabilities $62.63M $128.9M $130.0M
YoY Change 14.29% -2.42% 2.04%
Total Long-Term Liabilities $2.484B $1.816B $2.028B
YoY Change 35.04% 2.97% 10.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $606.2M $653.3M $606.2M
Total Long-Term Liabilities $2.484B $1.816B $2.028B
Total Liabilities $3.091B $2.478B $3.091B
YoY Change 30.95% 7.8% 30.95%
SHAREHOLDERS EQUITY
Retained Earnings $5.405B
YoY Change 0.38%
Common Stock $1.747B
YoY Change 8.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.808B
YoY Change 7.43%
Treasury Stock Shares 80.51M shares 80.07M shares
Shareholders Equity $2.234B $2.519B $2.234B
YoY Change
Total Liabilities & Shareholders Equity $5.324B $4.997B $5.324B
YoY Change 14.21% 12.33% 14.21%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017
OPERATING ACTIVITIES
Net Income -$353.2M $131.8M $20.31M
YoY Change -382.79% 2.81% -96.11%
Depreciation, Depletion And Amortization $27.80M $29.40M $61.45M
YoY Change 14.4% 19.51% 18.9%
Cash From Operating Activities $192.1M $177.1M $697.6M
YoY Change 38.0% 13.96% 8.51%
INVESTING ACTIVITIES
Capital Expenditures -$30.20M -$22.70M -$90.50M
YoY Change 33.63% -9.2% -4.74%
Acquisitions
YoY Change
Other Investing Activities -$101.6M -$174.2M -$445.3M
YoY Change -31.54% 288.84% 13.31%
Cash From Investing Activities -$131.8M -$196.9M -$535.8M
YoY Change -22.92% 181.69% 9.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $332.5M
YoY Change 2.08%
Debt Paid & Issued, Net $1.310B
YoY Change 302.74%
Cash From Financing Activities -24.40M -9.900M -63.87M
YoY Change 1184.21% -61.78% -44.8%
NET CHANGE
Cash From Operating Activities 192.1M 177.1M 697.6M
Cash From Investing Activities -131.8M -196.9M -535.8M
Cash From Financing Activities -24.40M -9.900M -63.87M
Net Change In Cash 35.90M -29.70M 136.7M
YoY Change -206.53% -149.83% 660.81%
FREE CASH FLOW
Cash From Operating Activities $192.1M $177.1M $697.6M
Capital Expenditures -$30.20M -$22.70M -$90.50M
Free Cash Flow $222.3M $199.8M $788.1M
YoY Change 37.39% 10.75% 6.81%

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5496000 USD
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CY2017 us-gaap Nature Of Operations
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<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Waters Corporation (</font><font style='font-family:Times New Roman;font-size:10pt;' >the &#8220;Company&#8221;) is</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a specialty measurement company that has pioneered analytical workflow solutions involving liquid chromatography, m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ss spectrometry and thermal analysis innovations serving the life, materials and food sciences for nearly 60 years. The Company </font><font style='font-family:Times New Roman;font-size:10pt;' >primarily designs, manufactures, sells and services</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >high performance liquid chromatography (&#8220;HPLC&#8221;), ultra performance liquid ch</font><font style='font-family:Times New Roman;font-size:10pt;' >romatography (&#8220;UPLC</font><sup><font style='font-family:Times New Roman;font-size:10pt;' >&#174;</font></sup><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; and together with HPLC, referred to as &#8220;LC&#8221;) and mass spectrometry (&#8220;MS&#8221;) </font><font style='font-family:Times New Roman;font-size:10pt;' >technology</font><font style='font-family:Times New Roman;font-size:10pt;' > systems and support products, including chromatography columns, other consumable products and comprehensive post-warranty service plans. These system</font><font style='font-family:Times New Roman;font-size:10pt;' >s are complementary products that </font><font style='font-family:Times New Roman;font-size:10pt;' >are frequently employed together (&#8220;LC-MS&#8221;) and sold as </font><font style='font-family:Times New Roman;font-size:10pt;' >integrated </font><font style='font-family:Times New Roman;font-size:10pt;' >instrument systems using common software platforms</font><font style='font-family:Times New Roman;font-size:10pt;' >. LC is a standard technique and is utilized in a broad range of industries to detect, identify, monitor a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd measure the chemical, physical and biological composition of materials, and to purify a full range of compounds. MS</font><font style='font-family:Times New Roman;font-size:10pt;' > technology, principally in conjunction with chromatography, is employed </font><font style='font-family:Times New Roman;font-size:10pt;' >in drug discovery and development, including clinical trial testi</font><font style='font-family:Times New Roman;font-size:10pt;' >ng, the analysis of proteins in disease process</font><font style='font-family:Times New Roman;font-size:10pt;' >es (known as &#8220;proteomics&#8221;), nutritional</font><font style='font-family:Times New Roman;font-size:10pt;' > safety analysis and environmental testing. LC-MS instruments </font><font style='font-family:Times New Roman;font-size:10pt;' >combine</font><font style='font-family:Times New Roman;font-size:10pt;' > a liquid phase sample introduction and separation system with mass spectrometric compound identifica</font><font style='font-family:Times New Roman;font-size:10pt;' >tion and quantification. </font><font style='font-family:Times New Roman;font-size:10pt;' >In addition</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments</font><font style='font-family:Times New Roman;font-size:10pt;' > through its TA</font><sup><font style='font-family:Times New Roman;font-size:10pt;' >&#174;</font></sup><font style='font-family:Times New Roman;font-size:10pt;' > product line. These instruments </font><font style='font-family:Times New Roman;font-size:10pt;' >are used in predicting the suitability</font><font style='font-family:Times New Roman;font-size:10pt;' > and stability</font><font style='font-family:Times New Roman;font-size:10pt;' > of fine</font><font style='font-family:Times New Roman;font-size:10pt;' > chemicals, </font><font style='font-family:Times New Roman;font-size:10pt;' >pharmaceuticals, water, </font><font style='font-family:Times New Roman;font-size:10pt;' >polymers</font><font style='font-family:Times New Roman;font-size:10pt;' >, metals</font><font style='font-family:Times New Roman;font-size:10pt;' > and viscous liquids for various industrial, consumer goods and healthcare products, as well as for </font><font style='font-family:Times New Roman;font-size:10pt;' >life science </font><font style='font-family:Times New Roman;font-size:10pt;' >research. The Company is also a developer and supplier of </font><font style='font-family:Times New Roman;font-size:10pt;' >advanced </font><font style='font-family:Times New Roman;font-size:10pt;' >software-based products </font><font style='font-family:Times New Roman;font-size:10pt;' >that interface with the Company&#8217;s instruments</font><font style='font-family:Times New Roman;font-size:10pt;' >, as well as other manufacturers&#8217; instruments</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div>
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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851547000 USD
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Cash equivalents represent highly liquid investments, with original maturities of 90 days or less, primarily in bank deposits, U.S. treasury bill money market funds and commercial paper.
CY2017 us-gaap Accounts Receivable Additional Narrative Disclosure
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Past due balances over 90 days and over a specified amount are reviewed individually for collectibility.
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6422000 USD
CY2017 us-gaap Property Plant And Equipment Income Statement Disclosures
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Gains on disposal were immaterial for the years ended December 31, 2017 and 2016.
CY2017Q4 wat Potential Payments Under Licensing Arrangements
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7000000 USD
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The Company is a global company that operates in over 35 countries and, as a result, the Company’s net sales, cost of sales, operating expenses and balance sheet amounts are significantly impacted by fluctuations in foreign currency exchange rates.
CY2017 us-gaap Description Of Foreign Currency Derivative Activities
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The Company periodically aggregates its net worldwide balances by currency and then enters into foreign currency exchange contracts that mature within 90 days to hedge a portion of the remaining balance to minimize some of the Company’s currency price risk exposure.
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742000 USD
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8746000 USD
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9755000 USD
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8390000 USD
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6000000 USD
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11000000 USD
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11000000 USD
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2232142000 USD
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2949502000 USD
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1049000 USD
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4793000 USD
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2434145000 USD
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819000 USD
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2769000 USD
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1722553000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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1388537000 USD
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843605000 USD
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Realized gains and losses on sales of investments were not material in 2017, 2016 and 2015.
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99033000 USD
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15324000 USD
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155937000 USD
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95430000 USD
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16585000 USD
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Realized gains and losses on sales of investments were not material in 2017, 2016 and 2015.
CY2016 wat Realized Investment Gains Losses Description
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Realized gains and losses on sales of investments were not material in 2017, 2016 and 2015.
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150667000 USD
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2000000 USD
CY2016 us-gaap Inventory Write Down
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9000000 USD
CY2015 us-gaap Inventory Write Down
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5000000 USD
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489081000 USD
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PropertyPlantAndEquipmentGross
838359000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
768549000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
390920000 USD
CY2017Q4 us-gaap Long Term Investments
LongTermInvestments
7000000 USD
CY2017Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
153000000 USD
CY2016Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
132000000 USD
CY2017 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
35000000 USD
CY2016 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
33000000 USD
CY2017 wat Intangible Assets Gross Foreign Currency Translation Adjustments
IntangibleAssetsGrossForeignCurrencyTranslationAdjustments
58000000 USD
CY2017 wat Intangible Assets Accumulated Amortization Foreign Currency Translation Adjustments
IntangibleAssetsAccumulatedAmortizationForeignCurrencyTranslationAdjustments
38000000 USD
CY2017 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y
CY2016 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
46000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
46000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
46000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
46000000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
431431000 USD
CY2017 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
15000000 USD
CY2016 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
15000000 USD
CY2015 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
29000000 USD
CY2017 us-gaap Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
The pro forma effect of the ongoing operations for Waters Corporation, Rubotherm, MPE, the Malaysian sales and service distributor and ElectroForce, either individually or in the aggregate, as though these acquisitions had occurred at the beginning of the periods covered by this report was immaterial.
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
472705000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
46000000 USD
CY2017 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 pure
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
13923000 USD
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
13544000 USD
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
597975000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
701100000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
8000000 USD
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1997774000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1827263000 USD
CY2016 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0149 pure
CY2017 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0148 pure
CY2016Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
79000000 USD
CY2017Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
91000000 USD
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
273000 USD
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
297000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100273000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
150000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1300000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
350000000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2000273000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
55751000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
585346000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
35154000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
564960000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
66716000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
475203000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
575276000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
77407000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
66285000 USD
CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
535777000 USD
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
19693000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
20882000 USD
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
26561000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3090000 USD
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3389000 USD
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
58448000 USD
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
55828000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
48595000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
224384000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
210040000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
189672000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1289000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2008000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2601000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-134117000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-133518000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-112426000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1910000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-264000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3723000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
345000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
706000 USD
CY2017 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
25000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
61225000 USD
CY2017 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.31
CY2016 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
23000000 USD
CY2016 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.29
CY2015 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.25
CY2015 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
20000000 USD
CY2016 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-3000000 USD
CY2017Q4 wat Deferred Tax Assets Net Operating Loss Carryforwards And Credits
DeferredTaxAssetsNetOperatingLossCarryforwardsAndCredits
75630000 USD
CY2016Q4 wat Deferred Tax Assets Net Operating Loss Carryforwards And Credits
DeferredTaxAssetsNetOperatingLossCarryforwardsAndCredits
76027000 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
5952000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
8310000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9815000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
19609000 USD
CY2017Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
3465000 USD
CY2016Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
4707000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
4864000 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
5235000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
8230000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
8814000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11873000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
15948000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
141263000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
163463000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
62098000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
79165000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
102238000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware
19630000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware
15323000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3394000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
5115000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
57278000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
40118000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
21887000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
62120000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
21434000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
24813000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
13254000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
19680000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9964000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5843000 USD
CY2017 wat Unrecognized Tax Benefits Other Changes
UnrecognizedTaxBenefitsOtherChanges
-4121000 USD
CY2016 wat Unrecognized Tax Benefits Other Changes
UnrecognizedTaxBenefitsOtherChanges
-3658000 USD
CY2015 wat Unrecognized Tax Benefits Other Changes
UnrecognizedTaxBenefitsOtherChanges
-2741000 USD
CY2016 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-2000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
76000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
53000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
48000000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
140000000 USD
CY2017 wat Future Minimum License Fees Payable
FutureMinimumLicenseFeesPayable
Future minimum license fees payable under existing license agreements as of December 31, 2017 are immaterial for the years ended December 31, 2018 and thereafter.
CY2017 wat Employee Stock Purchase Plan Purchase Price Calculation For Shares Of Stock
EmployeeStockPurchasePlanPurchasePriceCalculationForSharesOfStock
The purchase price for each share of stock is the lesser of 90% of the market price on the first day of the plan period or 100% of the market price on the last day of the plan period.
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
23168000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
18228000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
14122000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
8652000 USD
CY2017Q4 wat Future Minimum Rents Payable In Five Years And Thereafter
FutureMinimumRentsPayableInFiveYearsAndThereafter
25512000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
27000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
28000000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
27000000 USD
CY2017 wat Employee Stock Purchase Plan Maximum Contribution Allowed As Percent Of Employees Earnings
EmployeeStockPurchasePlanMaximumContributionAllowedAsPercentOfEmployeesEarnings
0.15 pure
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
137000000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
124.18
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2700000 shares
CY2017Q4 wat Employee Stock Purchase Plan Total Number Of Shares Purchased
EmployeeStockPurchasePlanTotalNumberOfSharesPurchased
1400000 shares
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1300000 shares
CY2015Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1500000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2000000 shares
CY2017 wat Employee Stock Purchase Plan Plan Period In Months
EmployeeStockPurchasePlanPlanPeriodInMonths
P3M
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
92.26
CY2015Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
80.71
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y2M
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
42000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40998000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39436000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33368000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
4000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
389000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
324000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
673000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
170.24
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
135.02
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
45.73
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.44
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
127.63
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.84
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2697000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2039000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
106.55
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
120.59
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
124.41
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
93.49
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
75000 shares
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
855000 shares
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
103.63
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M
CY2016Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
201151000 USD
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
811000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
631000 shares
CY2016 wat Earnings Per Share Diluted Adjustment
EarningsPerShareDilutedAdjustment
-0.05
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
751000 shares
CY2015 wat Earnings Per Share Diluted Adjustment
EarningsPerShareDilutedAdjustment
-0.05
CY2017 wat Retirement Plans Company Contributions To Other Non Us Retirement Plans
RetirementPlansCompanyContributionsToOtherNonUSRetirementPlans
12000000 USD
CY2016 wat Retirement Plans Company Contributions To Other Non Us Retirement Plans
RetirementPlansCompanyContributionsToOtherNonUSRetirementPlans
12000000 USD
CY2015 wat Retirement Plans Company Contributions To Other Non Us Retirement Plans
RetirementPlansCompanyContributionsToOtherNonUSRetirementPlans
11000000 USD
CY2017 us-gaap Defined Benefit Plan Alternative Method Used To Amortize Net Gains And Losses
DefinedBenefitPlanAlternativeMethodUsedToAmortizeNetGainsAndLosses
amortize cumulative actuarial gains and losses in excess of 10% of the larger of the market-related value of plan assets and the projected benefit obligation over the expected future service of active participants.
CY2017 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Investment Redemption Description
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareInvestmentRedemptionDescription
The redemption terms for the hedge funds are generally quarterly with a 90 day notification period and there are no redemption restrictions.
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
257488000 USD
CY2017Q4 us-gaap Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
7935000 USD
CY2016Q4 us-gaap Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
7389000 USD
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0.105 pure
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1 pure
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40000000 USD
CY2017 us-gaap Subsequent Event Description
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In February 2018, the Company’s Board of Directors approved expanding its chemistry synthesis operations. The Company anticipates spending an estimated $215 million to build and equip this new state-of-the-art manufacturing facility, which will be paid for with existing cash and investments. The Company does not expect to issue any debt in relation to this expansion.
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P8Y
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490000000 USD
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40000000 USD
CY2017Q4 wat Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
450000000 USD
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20000000 USD
CY2017 wat Effective Tax Rate Percentage Point Change Relating To New Accounting Pronouncement
EffectiveTaxRatePercentagePointChangeRelatingToNewAccountingPronouncement
0.031 USD

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