2024 Q2 Form 10-Q Financial Statement
#000116330224000022 Filed on May 03, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $4.118B | $4.160B |
YoY Change | -17.77% | -6.94% |
Cost Of Revenue | $3.629B | $3.665B |
YoY Change | -12.79% | -7.29% |
Gross Profit | $489.0M | $495.0M |
YoY Change | -42.27% | -4.26% |
Gross Profit Margin | 11.87% | 11.9% |
Selling, General & Admin | $105.0M | $119.0M |
YoY Change | 1.94% | 20.2% |
% of Gross Profit | 21.47% | 24.04% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $217.0M | $210.0M |
YoY Change | -3.13% | -4.98% |
% of Gross Profit | 44.38% | 42.42% |
Operating Expenses | $105.0M | $119.0M |
YoY Change | 1.94% | 20.2% |
Operating Profit | $181.0M | $154.0M |
YoY Change | -67.91% | -18.52% |
Interest Expense | $2.000M | $2.000M |
YoY Change | -90.0% | -92.59% |
% of Operating Profit | 1.1% | 1.3% |
Other Income/Expense, Net | -$5.000M | -$11.00M |
YoY Change | -16.67% | 83.33% |
Pretax Income | $239.0M | $209.0M |
YoY Change | -61.51% | -16.4% |
Income Tax | $56.00M | $38.00M |
% Of Pretax Income | 23.43% | 18.18% |
Net Earnings | $183.0M | $171.0M |
YoY Change | -61.64% | -14.07% |
Net Earnings / Revenue | 4.44% | 4.11% |
Basic Earnings Per Share | $0.82 | $0.76 |
Diluted Earnings Per Share | $0.72 | $0.68 |
COMMON SHARES | ||
Basic Shares Outstanding | 224.8M shares | 223.7M shares |
Diluted Shares Outstanding | 254.2M shares | 254.6M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.031B | $2.221B |
YoY Change | -34.06% | -21.71% |
Cash & Equivalents | $2.031B | $2.221B |
Short-Term Investments | ||
Other Short-Term Assets | $221.0M | $321.0M |
YoY Change | -37.04% | -11.33% |
Inventory | $2.020B | $2.157B |
Prepaid Expenses | ||
Receivables | $1.678B | $1.722B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $5.950B | $6.421B |
YoY Change | -24.06% | -14.93% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $11.22B | $10.81B |
YoY Change | 18.93% | 21.77% |
Goodwill | $920.0M | $920.0M |
YoY Change | 0.0% | 0.0% |
Intangibles | $426.0M | $431.0M |
YoY Change | -6.78% | -7.71% |
Long-Term Investments | $809.0M | $785.0M |
YoY Change | -2.76% | -5.42% |
Other Assets | $963.0M | $941.0M |
YoY Change | 44.16% | 29.44% |
Total Long-Term Assets | $14.47B | $14.03B |
YoY Change | 15.97% | 16.97% |
TOTAL ASSETS | ||
Total Short-Term Assets | $5.950B | $6.421B |
Total Long-Term Assets | $14.47B | $14.03B |
Total Assets | $20.42B | $20.45B |
YoY Change | 0.53% | 4.65% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.680B | $2.948B |
YoY Change | -13.88% | -7.15% |
Accrued Expenses | $442.0M | $418.0M |
YoY Change | -23.13% | -13.28% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $162.0M | $159.0M |
YoY Change | 65.31% | 74.73% |
Total Short-Term Liabilities | $3.456B | $3.748B |
YoY Change | -15.13% | -6.65% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.078B | $4.082B |
YoY Change | -1.81% | 4.64% |
Other Long-Term Liabilities | $542.0M | $516.0M |
YoY Change | 17.57% | 1.38% |
Total Long-Term Liabilities | $542.0M | $516.0M |
YoY Change | 17.57% | 1.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.456B | $3.748B |
Total Long-Term Liabilities | $542.0M | $516.0M |
Total Liabilities | $8.930B | $9.156B |
YoY Change | -5.91% | 0.12% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $7.211B | $7.040B |
YoY Change | 7.9% | 13.24% |
Common Stock | $288.0M | $288.0M |
YoY Change | 1.05% | 1.05% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.442B | $1.441B |
YoY Change | 4.8% | 10.76% |
Treasury Stock Shares | ||
Shareholders Equity | $11.39B | $11.20B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $20.42B | $20.45B |
YoY Change | 0.53% | 4.65% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $183.0M | $171.0M |
YoY Change | -61.64% | -14.07% |
Depreciation, Depletion And Amortization | $217.0M | $210.0M |
YoY Change | -3.13% | -4.98% |
Cash From Operating Activities | $474.0M | -$28.00M |
YoY Change | -33.52% | -115.47% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $631.0M | $640.0M |
YoY Change | 2.94% | -13.51% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $1.000M | $5.000M |
YoY Change | 0.0% | |
Cash From Investing Activities | -$630.0M | -$645.0M |
YoY Change | 2.94% | -12.6% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -30.00M | -$46.00M |
YoY Change | -120.98% | -60.68% |
NET CHANGE | ||
Cash From Operating Activities | 474.0M | -$28.00M |
Cash From Investing Activities | -630.0M | -$645.0M |
Cash From Financing Activities | -30.00M | -$46.00M |
Net Change In Cash | -186.0M | -$726.0M |
YoY Change | -176.23% | 9.01% |
FREE CASH FLOW | ||
Cash From Operating Activities | $474.0M | -$28.00M |
Capital Expenditures | $631.0M | $640.0M |
Free Cash Flow | -$157.0M | -$668.0M |
YoY Change | -257.0% | 19.5% |
Facts In Submission
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Revenues
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Interest Income Expense And Other Financial Costs Net
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Common Stock Value
CommonStockValue
|
286000000 | usd |
CY2024Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
62771459 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
62288523 | shares |
CY2024Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1441000000 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1418000000 | usd |
CY2024Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5266000000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5253000000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
7040000000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6880000000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
46000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
46000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11199000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11047000000 | usd |
CY2024Q1 | us-gaap |
Minority Interest
MinorityInterest
|
93000000 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
93000000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
20448000000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
20451000000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
171000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
199000000 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
210000000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
221000000 | usd |
CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
7000000 | usd |
CY2023Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
4000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
6000000 | usd |
CY2023Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1000000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2024Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
-28000000 | usd |
CY2023Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
-41000000 | usd |
CY2024Q1 | x |
Active Employee Benefit Investments
ActiveEmployeeBenefitInvestments
|
-30000000 | usd |
CY2023Q1 | x |
Active Employee Benefit Investments
ActiveEmployeeBenefitInvestments
|
3000000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
36000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
38000000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
2000000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
18000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-13000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
191000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
178000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
43000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
167000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-78000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
298000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-5000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-10000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
136000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
212000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-28000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
181000000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
640000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
740000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
2000000 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
5000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-645000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-738000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
14000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
10000000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
75000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-32000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-32000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-46000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-117000000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-7000000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-726000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-666000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2988000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3539000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2262000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2873000000 | usd |
CY2024Q1 | x |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
-102000000 | usd |
CY2023Q1 | x |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
-226000000 | usd |
CY2024Q1 | us-gaap |
Stock Issued1
StockIssued1
|
35000000 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
28000000 | usd |
CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
32000000 | usd |
CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
24000000 | usd |
CY2024Q1 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | usd |
CY2023Q1 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
1000000 | usd |
CY2024Q1 | x |
Supplier Finance Program Percent
SupplierFinanceProgramPercent
|
0.90 | |
CY2024Q1 | us-gaap |
Supplier Finance Program Obligation Noncurrent
SupplierFinanceProgramObligationNoncurrent
|
200000000 | usd |
CY2024Q1 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
63000000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
4 | segment |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
14000000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
154000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-13000000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
189000000 | usd |
CY2024Q1 | us-gaap |
Assets
Assets
|
20448000000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
20451000000 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2221000000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2948000000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2837000000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
9000000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
8000000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
4000000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
32000000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
32000000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
32000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2262000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2988000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2873000000 | usd |
CY2024Q1 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.52 | |
CY2023Q4 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.53 | |
CY2024Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
925000000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
773000000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
834000000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
877000000 | usd |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
351000000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
428000000 | usd |
CY2024Q1 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
47000000 | usd |
CY2023Q4 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
50000000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
2157000000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
2128000000 | usd |
CY2024Q1 | us-gaap |
Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
|
1300000000 | usd |
CY2023Q4 | us-gaap |
Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
|
1200000000 | usd |
CY2024Q1 | us-gaap |
Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
|
1000000 | usd |
CY2023Q1 | us-gaap |
Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
|
9000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
430000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
74000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
356000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
484000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
123000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
361000000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5000000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
15000000 | usd |
CY2024Q1 | x |
Finite Lived Intangible Asset Expected Amortization Year One Through Year Five
FiniteLivedIntangibleAssetExpectedAmortizationYearOneThroughYearFive
|
97000000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
244000000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
920000000 | usd |
CY2024Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
920000000 | usd |
CY2024Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
11000000 | usd |
CY2023Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
12000000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11000000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11000000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
75000000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P28M | |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
38000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
51000000 | usd |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.30 | |
CY2022Q1 | x |
Proceeds From Income Tax Credit
ProceedsFromIncomeTaxCredit
|
82000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
700000000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
171000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
199000000 | usd |
CY2024Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
3000000 | usd |
CY2023Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
3000000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
174000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
202000000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
224099000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
227332000 | shares |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
26168000 | shares |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
26194000 | shares |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4317000 | shares |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3921000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
254584000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
257447000 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.76 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.87 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.68 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.78 | |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
CY2024Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
4175000000 | usd |
CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
4156000000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-66000000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-66000000 | usd |
CY2024Q1 | us-gaap |
Debt Current
DebtCurrent
|
159000000 | usd |
CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
142000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
4082000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
4080000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11140000000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
171000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
7000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-36000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
43000000 | usd |
CY2024Q1 | x |
Other Comprehensive Income Loss Active Employee Benefit Investments Net Of Tax
OtherComprehensiveIncomeLossActiveEmployeeBenefitInvestmentsNetOfTax
|
0 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-8000000 | usd |
CY2024Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-1000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11292000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10311000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
199000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
10000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
32000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-44000000 | usd |
CY2023Q1 | x |
Other Comprehensive Income Loss Active Employee Benefit Investments Net Of Tax
OtherComprehensiveIncomeLossActiveEmployeeBenefitInvestmentsNetOfTax
|
3000000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-9000000 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
75000000 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10395000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
46000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-20000000 | usd |
CY2024Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-20000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
46000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-85000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-29000000 | usd |
CY2023Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-10000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-19000000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-104000000 | usd |
CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
52000000 | usd |
CY2023Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
46000000 | usd |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
140000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
6000000 | usd |
CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
52000000 | usd |
CY2024Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
94000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
|
208000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
|
164000000 | usd |
CY2024Q1 | x |
Unrecorded Unconditional Purchase Obligation To Be Paid After Year Four
UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFour
|
711000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
107000000 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
|
0 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates
|
0 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
|
1000000 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
106000000 | usd |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
106000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
107000000 | usd |
CY2024Q1 | us-gaap |
Accrued Capping Closure Post Closure And Environmental Costs Noncurrent
AccruedCappingClosurePostClosureAndEnvironmentalCostsNoncurrent
|
23000000 | usd |
CY2024Q1 | x |
Accrued Liabilities Administrative And Legal Costs
AccruedLiabilitiesAdministrativeAndLegalCosts
|
9000000 | usd |
CY2024Q1 | x |
Numberofyearsofprojectedadministrativeandlegalcostsincludedinaccrual
Numberofyearsofprojectedadministrativeandlegalcostsincludedinaccrual
|
P3Y | |
CY2024Q1 | us-gaap |
Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
|
12000000 | usd |
CY2023Q1 | us-gaap |
Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
|
11000000 | usd |
CY2022Q1 | x |
Estimated Shortfallin Emissions Allowances
EstimatedShortfallinEmissionsAllowances
|
6200000 | allowances |
CY2024Q1 | x |
Estimated Shortfallin Emissions Allowances
EstimatedShortfallinEmissionsAllowances
|
2080000 | allowances |
CY2024Q1 | x |
Cost Of Emission Allowances Pre Purchased
CostOfEmissionAllowancesPrePurchased
|
151000000 | eur |
CY2024Q1 | x |
Cost Of Emission Allowances Pre Purchased
CostOfEmissionAllowancesPrePurchased
|
163000000 | usd |
CY2024Q1 | x |
Estimated Capital Expenditures For Project
EstimatedCapitalExpendituresForProject
|
138000000 | eur |
CY2024Q1 | x |
Estimated Capital Expenditures For Project
EstimatedCapitalExpendituresForProject
|
149000000 | usd |
CY2024Q1 | x |
Number Of Environmental Requirement Projects
NumberOfEnvironmentalRequirementProjects
|
15 | |
CY2024Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
106000000 | usd |
CY2024Q1 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
7000000 | usd |
CY2024Q1 | us-gaap |
Leveraged Leases Net Investment In Leveraged Leases Disclosure Residual Value Of Leased Assets
LeveragedLeasesNetInvestmentInLeveragedLeasesDisclosureResidualValueOfLeasedAssets
|
12000000 | usd |
CY2024Q1 | x |
Leveragedleases Net Investmentin Leveraged Leases Residual Value Liability Recorded
LeveragedleasesNetInvestmentinLeveragedLeasesResidualValueLiabilityRecorded
|
0 | usd |
CY2022Q1 | x |
Proceeds From Government Incentives Financing Activities
ProceedsFromGovernmentIncentivesFinancingActivities
|
82000000 | usd |
CY2022Q2 | x |
Proceeds From Government Incentives Investing Activities
ProceedsFromGovernmentIncentivesInvestingActivities
|
3000000 | usd |
CY2022Q2 | x |
Proceeds From Government Incentives Investing Activities
ProceedsFromGovernmentIncentivesInvestingActivities
|
50000000 | usd |
CY2024Q1 | x |
Potential Merger Termination Fee
PotentialMergerTerminationFee
|
565000000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
41000000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
40000000 | usd |
CY2024Q1 | x |
Contractual Property Plant And Equipment Commitments
ContractualPropertyPlantAndEquipmentCommitments
|
1269000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
|
422000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
|
299000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
|
267000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
2071000000 | usd |
CY2024Q1 | x |
Maximum Default Payment
MaximumDefaultPayment
|
32000000 | usd |
CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
200000000 | usd |
CY2023Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
275000000 | usd |
CY2022Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
500000000 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
2800000 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
75000000 | usd |