2023 Q2 Form 10-Q Financial Statement
#000160392323000102 Filed on April 26, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $1.274B | $1.186B | $1.209B |
YoY Change | 19.74% | 26.44% | 25.28% |
Cost Of Revenue | $847.0M | $790.0M | $807.0M |
YoY Change | 12.04% | 15.84% | 12.55% |
Gross Profit | $427.0M | $396.0M | $402.0M |
YoY Change | 38.64% | 54.69% | 62.1% |
Gross Profit Margin | 33.52% | 33.39% | 33.25% |
Selling, General & Admin | $158.0M | $190.0M | $165.0M |
YoY Change | -19.39% | 6.74% | 11.49% |
% of Gross Profit | 37.0% | 47.98% | 41.04% |
Research & Development | $27.00M | $26.00M | $24.00M |
YoY Change | 22.73% | 23.81% | 9.09% |
% of Gross Profit | 6.32% | 6.57% | 5.97% |
Depreciation & Amortization | $81.00M | $80.00M | $84.00M |
YoY Change | -10.0% | -8.05% | -18.45% |
% of Gross Profit | 18.97% | 20.2% | 20.9% |
Operating Expenses | $225.0M | $216.0M | $227.0M |
YoY Change | 3.21% | 8.54% | 8.61% |
Operating Profit | $202.0M | $185.0M | $175.0M |
YoY Change | 94.23% | 927.78% | 348.72% |
Interest Expense | -$88.00M | -$31.00M | -$39.00M |
YoY Change | 83.33% | -35.42% | -20.41% |
% of Operating Profit | -43.56% | -16.76% | -22.29% |
Other Income/Expense, Net | -$39.00M | -$35.00M | -$30.00M |
YoY Change | 21.88% | 118.75% | 200.0% |
Pretax Income | $74.00M | $119.0M | $97.00M |
YoY Change | 208.33% | -358.7% | -170.8% |
Income Tax | -$16.00M | $38.00M | $21.00M |
% Of Pretax Income | -21.62% | 31.93% | 21.65% |
Net Earnings | $82.00M | $72.00M | $72.00M |
YoY Change | 1266.67% | -190.0% | -144.72% |
Net Earnings / Revenue | 6.44% | 6.07% | 5.96% |
Basic Earnings Per Share | $1.14 | $1.00 | |
Diluted Earnings Per Share | $1.12 | $0.97 | $0.96 |
COMMON SHARES | |||
Basic Shares Outstanding | 72.06M shares | 70.89M shares | 70.61M shares |
Diluted Shares Outstanding | 73.00M shares | 74.00M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $787.0M | $833.0M | $910.0M |
YoY Change | -10.47% | -0.95% | -4.31% |
Cash & Equivalents | $787.0M | $833.0M | $910.0M |
Short-Term Investments | |||
Other Short-Term Assets | $313.0M | $253.0M | $253.0M |
YoY Change | 14.23% | -9.96% | -16.5% |
Inventory | $751.0M | $719.0M | $689.0M |
Prepaid Expenses | |||
Receivables | $1.120B | $1.088B | $989.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.971B | $3.043B | $3.043B |
YoY Change | -1.3% | 5.33% | 4.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.033B | $919.0M | $918.0M |
YoY Change | 10.01% | -4.67% | -7.83% |
Goodwill | |||
YoY Change | |||
Intangibles | $440.0M | $474.0M | $506.0M |
YoY Change | -24.01% | -23.42% | -22.98% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $177.0M | $143.0M | $138.0M |
YoY Change | 92.39% | 53.76% | 42.27% |
Total Long-Term Assets | $1.677B | $1.666B | $1.677B |
YoY Change | -2.78% | -7.19% | -9.98% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.971B | $3.043B | $3.043B |
Total Long-Term Assets | $1.677B | $1.666B | $1.677B |
Total Assets | $4.648B | $4.709B | $4.720B |
YoY Change | -1.84% | 0.53% | -1.13% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $502.0M | $502.0M | $460.0M |
YoY Change | 12.05% | 30.39% | 21.05% |
Accrued Expenses | $335.0M | $315.0M | $411.0M |
YoY Change | -2.62% | -0.63% | 2.24% |
Deferred Revenue | $36.00M | $52.00M | $54.00M |
YoY Change | |||
Short-Term Debt | $0.00 | $120.0M | $0.00 |
YoY Change | -100.0% | 823.08% | -100.0% |
Long-Term Debt Due | $33.00M | $120.0M | $45.00M |
YoY Change | 135.71% | 823.08% | 275.0% |
Total Short-Term Liabilities | $1.464B | $1.511B | $1.470B |
YoY Change | 5.86% | 16.23% | 10.36% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.993B | $2.067B | $2.203B |
YoY Change | -15.77% | -14.45% | -8.82% |
Other Long-Term Liabilities | $519.0M | $154.0M | $379.0M |
YoY Change | 284.44% | 10.0% | 174.64% |
Total Long-Term Liabilities | $2.512B | $154.0M | $379.0M |
YoY Change | 1760.74% | 10.0% | 174.64% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.464B | $1.511B | $1.470B |
Total Long-Term Liabilities | $2.512B | $154.0M | $379.0M |
Total Liabilities | $4.003B | $4.123B | $4.169B |
YoY Change | -5.68% | -3.17% | -2.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.217B | -$2.299B | -$2.371B |
YoY Change | -10.28% | -7.19% | -1.08% |
Common Stock | $2.891B | $2.885B | $2.928B |
YoY Change | -0.76% | -0.79% | 0.83% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $645.0M | $567.0M | $535.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.648B | $4.709B | $4.720B |
YoY Change | -1.84% | 0.53% | -1.13% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $82.00M | $72.00M | $72.00M |
YoY Change | 1266.67% | -190.0% | -144.72% |
Depreciation, Depletion And Amortization | $81.00M | $80.00M | $84.00M |
YoY Change | -10.0% | -8.05% | -18.45% |
Cash From Operating Activities | $201.0M | $84.00M | $193.0M |
YoY Change | 235.0% | -231.25% | 119.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $36.00M | $64.00M | $49.00M |
YoY Change | -250.0% | 220.0% | -219.51% |
Acquisitions | $4.000M | ||
YoY Change | |||
Other Investing Activities | -$22.00M | $7.000M | $17.00M |
YoY Change | -200.0% | -177.78% | -142.5% |
Cash From Investing Activities | -$58.00M | -$64.00M | -$32.00M |
YoY Change | 2800.0% | -811.11% | -60.49% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -170.0M | -$127.0M | -159.0M |
YoY Change | 750.0% | 2440.0% | -52.96% |
NET CHANGE | |||
Cash From Operating Activities | 201.0M | $84.00M | 193.0M |
Cash From Investing Activities | -58.00M | -$64.00M | -32.00M |
Cash From Financing Activities | -170.0M | -$127.0M | -159.0M |
Net Change In Cash | -27.00M | -$129.0M | 2.000M |
YoY Change | -171.05% | 126.32% | -100.6% |
FREE CASH FLOW | |||
Cash From Operating Activities | $201.0M | $84.00M | $193.0M |
Capital Expenditures | $36.00M | $64.00M | $49.00M |
Free Cash Flow | $165.0M | $20.00M | $144.0M |
YoY Change | 96.43% | -123.81% | 11.63% |
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130000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
117000000 | usd |
CY2023Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
261000000 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
251000000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
154000000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
128000000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
4123000000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
4169000000 | usd |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1356000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1356000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
72000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
72000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
71000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
71000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2885000000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2928000000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2299000000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2371000000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-19000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-22000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
567000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
535000000 | usd |
CY2023Q1 | us-gaap |
Minority Interest
MinorityInterest
|
19000000 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
16000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
586000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
551000000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4709000000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4720000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
81000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-74000000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
80000000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
87000000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2022Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
12000000 | usd |
CY2023Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
11000000 | usd |
CY2022Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
15000000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
5000000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
5000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
18000000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3000000 | usd |
CY2023Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
9000000 | usd |
CY2022Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
7000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
96000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
51000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
45000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
31000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
64000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
7000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
33000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
34000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
84000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-64000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
64000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
7000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
20000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
7000000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-9000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-64000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
9000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
66000000 | usd |
CY2022Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
4000000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
6000000 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
52000000 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-127000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-5000000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-22000000 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-129000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-57000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1112000000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1113000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
983000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1056000000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
18000000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
17000000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
29000000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
1186000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
938000000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
80000000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
87000000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7000000 | usd |
CY2023Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd |
CY2022Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
20000000 | usd |
CY2023Q1 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-5000000 | usd |
CY2022Q1 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
19000000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
185000000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
18000000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
33000000 | usd |
CY2022Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
31000000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1186000000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
938000000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1088000000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
989000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
35000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
39000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
25000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
21000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
52000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
54000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
2000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
20000000 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
22000000 | usd |
CY2023Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd |
CY2022Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
20000000 | usd |
CY2023Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
131000000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
129000000 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
616000000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
601000000 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
103000000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
88000000 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
719000000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
689000000 | usd |
CY2023Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
11000000 | usd |
CY2022Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
15000000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
45000000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
520000000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
480000000 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
474000000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
506000000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
40000000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
39000000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
15000000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
14000000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
120000000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
40000000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
41000000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2067000000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2203000000 | usd |
CY2022Q4 | wfrd |
Credit Agreement Minimum Liquidity Requirement
CreditAgreementMinimumLiquidityRequirement
|
250000000 | usd |
CY2023Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
405000000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
147000000 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
51000000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
22000000 | usd |
CY2023Q1 | us-gaap |
Litigation Reserve
LitigationReserve
|
44000000 | usd |
CY2022Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
41000000 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
71000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
71000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
72000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
72000000 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
551000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
81000000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
6000000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
43000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
586000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
496000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-74000000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4000000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
426000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
3000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
72000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-80000000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
72000000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
70000000 | shares |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000 | shares |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74000000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
70000000 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9000000 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11000000 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.00 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.14 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.97 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.14 | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
38000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
28000000 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
261000000 | usd |
CY2023Q1 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
34000000 | usd |