2022 Q1 Form 10-K Financial Statement

#000116330222000021 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $5.234B $5.622B $20.28B
YoY Change 42.85% 119.44% 108.14%
Cost Of Revenue $3.823B $3.900B $14.53B
YoY Change 24.37% 63.59% 52.1%
Gross Profit $1.411B $1.722B $5.742B
YoY Change 139.15% 867.42% 2987.1%
Gross Profit Margin 26.96% 30.63% 28.32%
Selling, General & Admin $117.0M $110.0M $426.0M
YoY Change 14.71% 46.67% 53.79%
% of Gross Profit 8.29% 6.39% 7.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $198.0M $204.0M $791.0M
YoY Change 4.76% 25.93% 23.02%
% of Gross Profit 14.03% 11.85% 13.78%
Operating Expenses $117.0M $304.0M $426.0M
YoY Change 14.71% 29.36% 53.79%
Operating Profit $1.118B $1.418B $4.946B
YoY Change 163.06% -2587.72% -560.09%
Interest Expense $50.00M $3.000M $313.0M
YoY Change -45.65% -102.5% 11.79%
% of Operating Profit 4.47% 0.21% 6.33%
Other Income/Expense, Net -$2.000M -$59.00M -$46.00M
YoY Change -88.89% 742.86% -387.5%
Pretax Income $1.128B $1.015B $4.344B
YoY Change 1126.09% -2355.56% -432.36%
Income Tax $246.0M -$54.00M $170.0M
% Of Pretax Income 21.81% -5.32% 3.91%
Net Earnings $882.0M $1.069B $4.174B
YoY Change 869.23% 2081.63% -458.28%
Net Earnings / Revenue 16.85% 19.01% 20.59%
Basic Earnings Per Share $3.37 $15.77
Diluted Earnings Per Share $3.02 $3.758M $14.88
COMMON SHARES
Basic Shares Outstanding 260.9M shares 270.2M shares
Diluted Shares Outstanding 293.3M shares 280.4M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.866B $2.522B $2.522B
YoY Change 280.61% 27.05% 27.05%
Cash & Equivalents $2.866B $2.522B $2.522B
Short-Term Investments
Other Short-Term Assets $436.0M $331.0M $331.0M
YoY Change 240.63% 549.02% 549.02%
Inventory $2.663B $2.210B $2.210B
Prepaid Expenses
Receivables $2.267B $1.968B $2.089B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.380B $7.152B $7.152B
YoY Change 97.18% 61.37% 61.37%
LONG-TERM ASSETS
Property, Plant & Equipment $7.416B $7.254B $7.439B
YoY Change -1.94% 33.25% 31.48%
Goodwill $920.0M $920.0M
YoY Change 1.21% 22900.0%
Intangibles $509.0M $519.0M
YoY Change -5.57% 302.33%
Long-Term Investments $727.0M $660.0M $663.0M
YoY Change 33.39% -42.11% -41.99%
Other Assets $1.016B $984.0M $1.092B
YoY Change 89.2% 94.08% 64.71%
Total Long-Term Assets $10.84B $10.66B $10.66B
YoY Change 3.88% 39.82% 39.82%
TOTAL ASSETS
Total Short-Term Assets $8.380B $7.152B $7.152B
Total Long-Term Assets $10.84B $10.66B $10.66B
Total Assets $19.22B $17.82B $17.82B
YoY Change 30.87% 47.74% 47.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.0M $99.00M $99.00M
YoY Change 35.71% -5.71% -5.71%
Accrued Expenses $510.0M $551.0M $551.0M
YoY Change 26.55% 29.34% 29.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $60.00M $28.00M $28.00M
YoY Change 33.33% -85.42% -85.42%
Total Short-Term Liabilities $4.405B $3.852B $3.852B
YoY Change 40.11% 45.03% 45.03%
LONG-TERM LIABILITIES
Long-Term Debt $3.917B $3.863B $3.863B
YoY Change -32.31% -17.72% -17.72%
Other Long-Term Liabilities $573.0M $505.0M $876.0M
YoY Change 7.1% 51.65% 7.09%
Total Long-Term Liabilities $573.0M $505.0M $4.739B
YoY Change 7.1% 51.65% -14.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.405B $3.852B $3.852B
Total Long-Term Liabilities $573.0M $505.0M $4.739B
Total Liabilities $9.433B $8.713B $8.806B
YoY Change -5.38% 6.52% 6.44%
SHAREHOLDERS EQUITY
Retained Earnings $3.556B $3.534B
YoY Change -768.42% -667.26%
Common Stock $282.0M $280.0M
YoY Change 1.08% 22.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $477.0M $334.0M
YoY Change 162.09% 90.86%
Treasury Stock Shares 21.55M shares 15.71M shares
Shareholders Equity $9.698B $9.010B $9.010B
YoY Change
Total Liabilities & Shareholders Equity $19.22B $17.82B $17.82B
YoY Change 30.87% 47.74% 47.74%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $882.0M $1.069B $4.174B
YoY Change 869.23% 2081.63% -458.28%
Depreciation, Depletion And Amortization $198.0M $204.0M $791.0M
YoY Change 4.76% 25.93% 23.02%
Cash From Operating Activities $771.0M $1.485B $4.090B
YoY Change 594.59% 417.42% 2863.77%
INVESTING ACTIVITIES
Capital Expenditures $349.0M -$403.0M $863.0M
YoY Change 156.62% 200.75% 19.03%
Acquisitions
YoY Change
Other Investing Activities $7.000M -$1.000M $5.000M
YoY Change 600.0% -100.63% 25.0%
Cash From Investing Activities -$352.0M -$404.0M -$840.0M
YoY Change -53.81% -1783.33% 49.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $123.0M -$640.0M
YoY Change -115.55% 56.1%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$71.00M -627.0M -$2.747B
YoY Change -87.61% -9057.14% -273.75%
NET CHANGE
Cash From Operating Activities $771.0M 1.485B $4.090B
Cash From Investing Activities -$352.0M -404.0M -$840.0M
Cash From Financing Activities -$71.00M -627.0M -$2.747B
Net Change In Cash $341.0M 454.0M $482.0M
YoY Change -127.59% 42.77% -59.12%
FREE CASH FLOW
Cash From Operating Activities $771.0M $1.485B $4.090B
Capital Expenditures $349.0M -$403.0M $863.0M
Free Cash Flow $422.0M $1.888B $3.227B
YoY Change -1788.0% 348.46% -649.74%

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<div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Generally accepted accounting principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at year-end and the reported amounts of revenues and expenses during the year. Significant items subject to such estimates and assumptions include the carrying value of property, plant and equipment; intangible assets; the fair value of assets or liabilities acquired in a business combination; valuation allowances for receivables, inventories and deferred income tax assets and liabilities; environmental liabilities; liabilities for potential tax deficiencies; potential litigation claims and settlements; assets and obligations related to employee benefits; put and call option and contingent forward purchase commitment assets and liabilities and restructuring and other charges. Actual results could differ materially from the estimates and assumptions used.</span></div>The preparation of the financial statements includes an assessment of certain accounting matters using all available information including consideration of forecasted financial information in context with other information reasonably available to us. However, our future assessment of current expectations, including consideration of the unknown future impacts of the COVID-19 pandemic, could result in material impacts to our consolidated financial statements in future reporting periods. All such adjustments are of a normal recurring nature unless disclosed otherwise.
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three-quarters
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2019 us-gaap Revenues
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CY2020Q4 us-gaap Assets
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2019 us-gaap Revenues
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CY2020 us-gaap Interest Costs Incurred
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CY2019 us-gaap Interest Costs Incurred
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CY2020 us-gaap Interest Costs Capitalized Adjustment
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CY2019 us-gaap Interest Costs Capitalized Adjustment
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CY2021 us-gaap Interest Expense
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CY2020 us-gaap Interest Expense
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CY2019 us-gaap Interest Expense
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CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2020 us-gaap Amortization Of Financing Costs
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CY2019 us-gaap Amortization Of Financing Costs
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Net Income Loss
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CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2020 x Effective Income Tax Rate Reconciliation Tax Accounting Expense Benefit Related To Increase In Other Comprehensive Income
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
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CY2021Q4 x Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investees
DeferredTaxLiabilitiesInvestmentsInSubsidiariesAndEquityMethodInvestees
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CY2020Q4 x Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investees
DeferredTaxLiabilitiesInvestmentsInSubsidiariesAndEquityMethodInvestees
23000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
112000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
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CY2021Q4 x Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
70000000 USD
CY2020Q4 x Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
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CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
6000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
22000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
19000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
19000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
376000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
90000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
15000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
13000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
13000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
32000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
660000000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1140000000 USD
CY2021Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
4000000 USD
CY2020Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
5000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
31000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
34000000 USD
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3000000 USD
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3000000 USD
CY2021Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
694000000 USD
CY2020Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
1177000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
170000000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
79000000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2000000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5000000 USD
CY2021Q4 us-gaap Land
Land
213000000 USD
CY2020Q4 us-gaap Land
Land
237000000 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1558000000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1154000000 USD
CY2021Q4 x Steel Producing Equipment Gross
SteelProducingEquipmentGross
15968000000 USD
CY2020Q4 x Steel Producing Equipment Gross
SteelProducingEquipmentGross
14417000000 USD
CY2021Q4 x Transportation Equipment Gross
TransportationEquipmentGross
0 USD
CY2020Q4 x Transportation Equipment Gross
TransportationEquipmentGross
282000000 USD
CY2021Q4 x Other Machineryand Equipment Gross
OtherMachineryandEquipmentGross
94000000 USD
CY2020Q4 x Other Machineryand Equipment Gross
OtherMachineryandEquipmentGross
92000000 USD
CY2021Q4 x Information Technology Assets Gross
InformationTechnologyAssetsGross
798000000 USD
CY2020Q4 x Information Technology Assets Gross
InformationTechnologyAssetsGross
796000000 USD
CY2021Q4 x Finance Lease Rightof Use Asset Gross
FinanceLeaseRightofUseAssetGross
160000000 USD
CY2020Q4 x Finance Lease Rightof Use Asset Gross
FinanceLeaseRightofUseAssetGross
113000000 USD
CY2021Q4 x Construction In Process
ConstructionInProcess
885000000 USD
CY2020Q4 x Construction In Process
ConstructionInProcess
613000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19676000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17704000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12422000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12260000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7254000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5444000000 USD
CY2021Q4 x Finance Lease And Sale Leaseback Transactions Accumulated Depreciation And Depletion
FinanceLeaseAndSaleLeasebackTransactionsAccumulatedDepreciationAndDepletion
59000000 USD
CY2020Q4 x Finance Lease And Sale Leaseback Transactions Accumulated Depreciation And Depletion
FinanceLeaseAndSaleLeasebackTransactionsAccumulatedDepreciationAndDepletion
40000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
484000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
444000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
222000000 USD
CY2020Q4 x Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
67000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
101000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
142000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
142000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
142000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
142000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
142000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
301000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4000000 USD
CY2020 x Share Based Compensation Expense Per Share Diluted
ShareBasedCompensationExpensePerShareDiluted
0.13
CY2019 x Share Based Compensation Expense Per Share Diluted
ShareBasedCompensationExpensePerShareDiluted
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CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
916000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
920000000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
55000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26000000 USD
CY2021 x Share Based Compensation Expense Per Share Basic
ShareBasedCompensationExpensePerShareBasic
0.21
CY2020 x Share Based Compensation Expense Per Share Basic
ShareBasedCompensationExpensePerShareBasic
0.13
CY2019 x Share Based Compensation Expense Per Share Basic
ShareBasedCompensationExpensePerShareBasic
0.15
CY2021 x Share Based Compensation Expense Per Share Diluted
ShareBasedCompensationExpensePerShareDiluted
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
47.53
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
53000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P14M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.31
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.98
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
171000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
23.47
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.56
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
178950 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M3D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1488764 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
25.53
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y1M9D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1659764 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
25.31
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y1M9D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4000000 USD
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3000000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5101025 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.85
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
3361265 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.24
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1517986 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
19.01
CY2021 x Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Market And Or Performance Conditions Adjustments In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMarketAndOrPerformanceConditionsAdjustmentsInPeriod
280713 shares
CY2021 x Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Adjustments In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdjustmentsInPeriodWeightedAverageGrantDateFairValue
47.83
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
249276 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
14.43
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
6414315 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.85
CY2021 x Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Percentage Adjustments In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPercentageAdjustmentsInPeriod
1
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
29000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
21000000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3894000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
5115000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
228000000 USD
CY2021Q4 us-gaap Debt Current
DebtCurrent
28000000 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
192000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3863000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4695000000 USD
CY2021 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
3127000000 USD
CY2021Q3 x Cash Gain Loss On Extinguishment Of Debt
CashGainLossOnExtinguishmentOfDebt
-28000000 USD
CY2021Q3 x Non Cash Gain Loss On Extinguishment Of Debt
NonCashGainLossOnExtinguishmentOfDebt
5000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
28000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
48000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
88000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
14000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
500000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3217000000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3895000000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
26000000 USD
CY2021Q4 x Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
531000000 USD
CY2020Q4 x Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
678000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
5274000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
5979000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
294000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
5979000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
309000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
6186000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
268000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
6035000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0575
CY2020Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0650
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FinanceLeaseRightOfUseAssetDepreciationDepletionAndAmortization
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OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
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18000000 USD
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LesseeOperatingLeaseLiabilityPaymentsDue
223000000 USD
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103000000 USD
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P5Y
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P4Y
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OperatingLeasePayments
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OperatingLeasePayments
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OperatingLeasePayments
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4000000 USD
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FinanceLeaseInterestPaymentOnLiability
3000000 USD
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FinanceLeasePrincipalPayments
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FinanceLeasePrincipalPayments
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FinanceLeasePrincipalPayments
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
53000000 USD
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RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
18000000 USD
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RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
31000000 USD
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128000000 USD
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275000000 USD
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212000000 USD
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138000000 USD
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173000000 USD
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177000000 USD
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31000000 USD
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47000000 USD
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158000000 USD
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146000000 USD
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158000000 USD
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146000000 USD
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EnvironmentalCostsRecognizedCapitalizedInPeriod
42000000 USD
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158000000 USD
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13000000 USD
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513000000 USD
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568000000 USD
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UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
334000000 USD
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329000000 USD
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251000000 USD
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UnrecordedUnconditionalPurchaseObligationPurchases
553000000 USD
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UnrecordedUnconditionalPurchaseObligationPurchases
653000000 USD
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300000000 USD
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300000000 USD
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5289475 shares
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88000000 USD

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