2023 Q1 Form 10-K Financial Statement

#000116330223000016 Filed on February 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.470B $4.338B $21.07B
YoY Change -14.6% -22.84% 3.9%
Cost Of Revenue $3.953B $3.934B $16.78B
YoY Change 3.4% 0.87% 15.44%
Gross Profit $517.0M $404.0M $4.288B
YoY Change -63.36% -76.54% -25.32%
Gross Profit Margin 11.57% 9.31% 20.36%
Selling, General & Admin $99.00M $98.00M $422.0M
YoY Change -15.38% -10.91% -0.94%
% of Gross Profit 19.15% 24.26% 9.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $221.0M $197.0M $791.0M
YoY Change 11.62% -3.43% 0.0%
% of Gross Profit 42.75% 48.76% 18.45%
Operating Expenses $99.00M $282.0M $422.0M
YoY Change -15.38% -7.24% -0.94%
Operating Profit $189.0M $122.0M $3.160B
YoY Change -83.09% -91.4% -36.11%
Interest Expense $27.00M $98.00M $159.0M
YoY Change -46.0% 3166.67% -49.2%
% of Operating Profit 14.29% 80.33% 5.03%
Other Income/Expense, Net -$6.000M $59.00M -$32.00M
YoY Change 200.0% -200.0% -30.43%
Pretax Income $250.0M $225.0M $3.259B
YoY Change -77.84% -77.83% -24.98%
Income Tax $51.00M $51.00M $735.0M
% Of Pretax Income 20.4% 22.67% 22.55%
Net Earnings $199.0M $174.0M $2.524B
YoY Change -77.44% -83.72% -39.53%
Net Earnings / Revenue 4.45% 4.01% 11.98%
Basic Earnings Per Share $0.87 $10.22
Diluted Earnings Per Share $0.78 $662.3K $9.16
COMMON SHARES
Basic Shares Outstanding 226.6M shares 234.3M shares
Diluted Shares Outstanding 257.4M shares 277.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.837B $3.504B $3.504B
YoY Change -1.01% 38.94% 38.94%
Cash & Equivalents $2.837B $3.504B $3.504B
Short-Term Investments
Other Short-Term Assets $362.0M $368.0M $368.0M
YoY Change -16.97% 11.18% 11.18%
Inventory $2.541B $2.359B $2.359B
Prepaid Expenses
Receivables $1.808B $1.485B $1.635B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.548B $7.866B $7.866B
YoY Change -9.93% 9.98% 9.98%
LONG-TERM ASSETS
Property, Plant & Equipment $8.875B $8.492B $8.638B
YoY Change 19.67% 17.07% 16.12%
Goodwill $920.0M $920.0M
YoY Change 0.0% 0.0%
Intangibles $467.0M $478.0M
YoY Change -8.25% -7.9%
Long-Term Investments $830.0M $810.0M $840.0M
YoY Change 14.17% 22.73% 26.7%
Other Assets $727.0M $675.0M $716.0M
YoY Change -28.44% -31.4% -34.43%
Total Long-Term Assets $11.99B $11.59B $11.59B
YoY Change 10.59% 8.7% 8.7%
TOTAL ASSETS
Total Short-Term Assets $7.548B $7.866B $7.866B
Total Long-Term Assets $11.99B $11.59B $11.59B
Total Assets $19.54B $19.46B $19.46B
YoY Change 1.64% 9.22% 9.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.175B $3.016B $3.016B
YoY Change 1756.73% 2946.46% 2946.46%
Accrued Expenses $482.0M $493.0M $493.0M
YoY Change -5.49% -10.53% -10.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $91.00M $63.00M $63.00M
YoY Change 51.67% 125.0% 125.0%
Total Short-Term Liabilities $4.015B $3.959B $3.959B
YoY Change -8.85% 2.78% 2.78%
LONG-TERM LIABILITIES
Long-Term Debt $3.901B $3.914B $3.914B
YoY Change -0.41% 1.32% 1.32%
Other Long-Term Liabilities $509.0M $504.0M $1.274B
YoY Change -11.17% -0.2% 45.43%
Total Long-Term Liabilities $509.0M $504.0M $5.188B
YoY Change -11.17% -0.2% 9.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.015B $3.959B $3.959B
Total Long-Term Liabilities $509.0M $504.0M $5.188B
Total Liabilities $9.145B $9.147B $9.240B
YoY Change -3.05% 4.98% 4.93%
SHAREHOLDERS EQUITY
Retained Earnings $6.217B $6.030B
YoY Change 74.83% 70.63%
Common Stock $285.0M $283.0M
YoY Change 1.06% 1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.301B $1.204B
YoY Change 172.75% 260.48%
Treasury Stock Shares 54.09M shares
Shareholders Equity $10.30B $10.22B $10.22B
YoY Change
Total Liabilities & Shareholders Equity $19.54B $19.46B $19.46B
YoY Change 1.64% 9.22% 9.22%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $199.0M $174.0M $2.524B
YoY Change -77.44% -83.72% -39.53%
Depreciation, Depletion And Amortization $221.0M $197.0M $791.0M
YoY Change 11.62% -3.43% 0.0%
Cash From Operating Activities $181.0M $755.0M $3.505B
YoY Change -76.52% -49.16% -14.3%
INVESTING ACTIVITIES
Capital Expenditures $740.0M -$631.0M $1.769B
YoY Change 112.03% 56.58% 104.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $17.00M $8.000M
YoY Change -100.0% -1800.0% 60.0%
Cash From Investing Activities -$738.0M -$614.0M -$1.679B
YoY Change 109.66% 51.98% 99.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $849.0M
YoY Change -232.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$117.0M -116.0M -$868.0M
YoY Change 64.79% -81.5% -68.4%
NET CHANGE
Cash From Operating Activities $181.0M 755.0M $3.505B
Cash From Investing Activities -$738.0M -614.0M -$1.679B
Cash From Financing Activities -$117.0M -116.0M -$868.0M
Net Change In Cash -$666.0M 25.00M $939.0M
YoY Change -295.31% -94.49% 94.81%
FREE CASH FLOW
Cash From Operating Activities $181.0M $755.0M $3.505B
Capital Expenditures $740.0M -$631.0M $1.769B
Free Cash Flow -$559.0M $1.386B $1.736B
YoY Change -232.46% -26.59% -46.2%

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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 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.
CY2022Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.43
CY2021Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.46
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
36000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3863000000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
151000000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
56000000 usd
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3937000000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
122000000 usd
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
107000000 usd
CY2022 x Portion Of Employees Included In Multiemployer Plan
PortionOfEmployeesIncludedInMultiemployerPlan
0.80
CY2022 x Pension Corridor Percentage
PensionCorridorPercentage
0.10
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
32000000 usd
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5121000000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3534000000 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3556000000 usd
CY2022Q4 x Number Of Receivable Pools
NumberOfReceivablePools
2 pool
CY2022Q4 x Credit Risk Percent Of Receivables Covered By Credit Insurance
CreditRiskPercentOfReceivablesCoveredByCreditInsurance
0.76
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022 us-gaap Revenues
Revenues
21065000000 usd
CY2022 us-gaap Revenues
Revenues
21065000000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
243000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
3160000000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
791000000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1769000000 usd
CY2021 us-gaap Revenues
Revenues
20275000000 usd
CY2021 us-gaap Revenues
Revenues
20275000000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
170000000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
4946000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
791000000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
863000000 usd
CY2020 us-gaap Revenues
Revenues
9741000000 usd
CY2020 us-gaap Revenues
Revenues
9741000000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-117000000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-1075000000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
643000000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
725000000 usd
CY2022Q4 us-gaap Assets
Assets
19458000000 usd
CY2021Q4 us-gaap Assets
Assets
17816000000 usd
CY2022 us-gaap Revenues
Revenues
21065000000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Revenues
Revenues
21065000000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9302000000 usd
CY2021 us-gaap Revenues
Revenues
20275000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
7914000000 usd
CY2020 us-gaap Revenues
Revenues
9741000000 usd
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
6583000000 usd
CY2021 us-gaap Revenues
Revenues
20275000000 usd
CY2020 us-gaap Revenues
Revenues
9741000000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
44000000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000000 usd
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
218000000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
342000000 usd
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
306000000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
59000000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
29000000 usd
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
26000000 usd
CY2022 us-gaap Interest Expense
InterestExpense
159000000 usd
CY2021 us-gaap Interest Expense
InterestExpense
313000000 usd
CY2020 us-gaap Interest Expense
InterestExpense
280000000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-292000000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-246000000 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-45000000 usd
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-25000000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-11000000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-17000000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
15000000 usd
CY2022 x Financial Costs Other
FinancialCostsOther
4000000 usd
CY2021 x Financial Costs Other
FinancialCostsOther
5000000 usd
CY2020 x Financial Costs Other
FinancialCostsOther
-21000000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9000000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14000000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
15000000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-46000000 usd
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000 usd
CY2022 x Interest Income Expense And Other Financial Costs Net
InterestIncomeExpenseAndOtherFinancialCostsNet
99000000 usd
CY2021 x Interest Income Expense And Other Financial Costs Net
InterestIncomeExpenseAndOtherFinancialCostsNet
-602000000 usd
CY2020 x Interest Income Expense And Other Financial Costs Net
InterestIncomeExpenseAndOtherFinancialCostsNet
-232000000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-292000000 usd
CY2020 x Financial Costs Other Change In Fair Value
FinancialCostsOtherChangeInFairValue
39000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2524000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
4174000000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1165000000 usd
CY2022 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
13000000 usd
CY2021 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2020 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2537000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4174000000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1165000000 usd
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
246986000 shares
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
264667000 shares
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
196721000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
26194000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
11126000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3783000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4651000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276963000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
280444000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
196721000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.22
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
15.77
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.92
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.16
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.88
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.92
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2022 x Effective Income Tax Rate Reconciliation Tax Accounting Expense Benefit Related To Increase In Other Comprehensive Income
EffectiveIncomeTaxRateReconciliationTaxAccountingExpenseBenefitRelatedToIncreaseInOtherComprehensiveIncome
0 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3504000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2522000000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1985000000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2000000 usd
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3000000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
31000000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
76000000 usd
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
130000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3539000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2600000000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2118000000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1098000000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
713000000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
811000000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1056000000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
398000000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
388000000 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
52000000 usd
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
53000000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
2359000000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2210000000 usd
CY2022Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
1154000000 usd
CY2021Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
896000000 usd
CY2022 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
44000000 usd
CY2021 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
11000000 usd
CY2020 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
5000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3259000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4344000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1307000000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
101000000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
451000000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
552000000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-7000000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8000000 usd
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1000000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-10000000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-95000000 usd
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-105000000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
54000000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
43000000 usd
CY2022Q1 x Effective Income Tax Rate Reconciliation Tax Credit Estimated Amount
EffectiveIncomeTaxRateReconciliationTaxCreditEstimatedAmount
700000000 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
97000000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
50000000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-71000000 usd
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-21000000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3000000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-24000000 usd
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-27000000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
79000000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
7000000 usd
CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
86000000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
179000000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
11000000 usd
CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
190000000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1000000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-11000000 usd
CY2020 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-10000000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
234000000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
501000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
735000000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
222000000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-52000000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
170000000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-12000000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-130000000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-142000000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
684000000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
912000000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-275000000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-38000000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-633000000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
367000000 usd
CY2021 x Effective Income Tax Rate Reconciliation Tax Accounting Expense Benefit Related To Increase In Other Comprehensive Income
EffectiveIncomeTaxRateReconciliationTaxAccountingExpenseBenefitRelatedToIncreaseInOtherComprehensiveIncome
0 usd
CY2020 x Effective Income Tax Rate Reconciliation Tax Accounting Expense Benefit Related To Increase In Other Comprehensive Income
EffectiveIncomeTaxRateReconciliationTaxAccountingExpenseBenefitRelatedToIncreaseInOtherComprehensiveIncome
138000000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-48000000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-66000000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-31000000 usd
CY2022 x Effective Income Tax Rate Reconciliation Capital Loss Generated Amount
EffectiveIncomeTaxRateReconciliationCapitalLossGeneratedAmount
0 usd
CY2021 x Effective Income Tax Rate Reconciliation Capital Loss Generated Amount
EffectiveIncomeTaxRateReconciliationCapitalLossGeneratedAmount
-139000000 usd
CY2020 x Effective Income Tax Rate Reconciliation Capital Loss Generated Amount
EffectiveIncomeTaxRateReconciliationCapitalLossGeneratedAmount
0 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
97000000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
83000000 usd
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-47000000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
85000000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
191000000 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-10000000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
6000000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
4000000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
1000000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
83000000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
173000000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
18000000 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
40000000 usd
CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-5000000 usd
CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
12000000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
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CY2022 us-gaap Multiemployer Plan Pension Significant Surcharge Fixed List
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CY2021 us-gaap Multiemployer Plan Pension Significant Surcharge Fixed List
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CY2020Q4 us-gaap Asset Retirement Obligation
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
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CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
285000000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
267000000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
394000000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
2033000000 usd
CY2022 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
850000000 usd
CY2021 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
767000000 usd
CY2020 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
553000000 usd
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
800000000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
37600000 shares
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6600000 shares
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
849000000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
150000000 usd

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