10-Q Filing

GARMIN LTD CIK: 1121788 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0000950170-21-002333`
Period End Date	20210930
Filing Date	20211027
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	grmn-20210925_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 76 Cash Flow Statement 68 Stockholders Equity 50 Comprehensive Income 16

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Common shares, par value (in CHF dollars per share)	`CommonStockParOrStatedValuePerShare`	0.10	CHF	Point-in-time
Common shares, par value (in CHF dollars per share)	`CommonStockParOrStatedValuePerShare`	0.10	CHF	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	198.08M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	198.08M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.64B	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.46B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$387.64M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$345.21M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	192.32M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	191.57M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$639.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$849.47M	USD	Point-in-time
Inventories	`InventoryNet`	$762.08M	USD	Point-in-time
Inventories	`InventoryNet`	$1.11B	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$16.05M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$20.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$191.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$255.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.01B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.67B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$813.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$855.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$974.98M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$89.93M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$94.63M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.13B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.25B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$245.46M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$251.98M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$16.51M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$13.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$809.16M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$828.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$190.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$169.84M	USD	Point-in-time
Total assets	`Assets`	$7.03B	USD	Point-in-time
Total assets	`Assets`	$7.57B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$318.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$258.88M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$181.94M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$173.57M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$42.64M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$42.85M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$78.25M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$109.89M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$86.86M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$87.77M	USD	Point-in-time
Accrued advertising expense	`AccruedAdvertisingCurrent`	$30.04M	USD	Point-in-time
Accrued advertising expense	`AccruedAdvertisingCurrent`	$31.95M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$149.82M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$146.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$68.58M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$109.86M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$386.57M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$233.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$116.84M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$127.73M	USD	Point-in-time
Noncurrent income taxes	`AccruedIncomeTaxesNoncurrent`	$78.18M	USD	Point-in-time
Noncurrent income taxes	`AccruedIncomeTaxesNoncurrent`	$92.81M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$49.93M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$42.02M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$75.96M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$71.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.49M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$23.35M	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 192,322 shares outstanding at September 25, 2021 and 191,571 shares outstanding at December 26, 2020	`CommonStockValue`	$17.98M	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 192,322 shares outstanding at September 25, 2021 and 191,571 shares outstanding at December 26, 2020	`CommonStockValue`	$17.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.95B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.88B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$303.37M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$320.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.03B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$183.43M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$154.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.85B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.58B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.79B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.74B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.03B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.57B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.19B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.11B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.59B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.84B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$441.21M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.14B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.47B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$496.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.12B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.69B	USD	3 Qtrs
Gross profit	`GrossProfit`	$667.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$695.95M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$90.03M	USD	3 Qtrs
Advertising expense	`AdvertisingExpense`	$33.87M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$36.70M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$110.70M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$162.51M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$142.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$485.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$411.33M	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$174.88M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$214.06M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$618.25M	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$506.01M	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$1.21B	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$1.01B	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$413.28M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$350.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$903.50M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$317.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$282.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$682.97M	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$7.78M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$21.57M	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$6.90M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$30.26M	USD	3 Qtrs
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-30.62M	USD	3 Qtrs
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$10.11M	USD	1 Quarter
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-9.80M	USD	3 Qtrs
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-15.01M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$833.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.51M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.73M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$8.52M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.28M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$19.62M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.54M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$28.97M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$897.96M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$275.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$711.94M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$336.72M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$101.89M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$16.35M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$53.17M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$23.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$313.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$658.78M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$796.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$259.04M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.14	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.35	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.64	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.45	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.13	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.63	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.44	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.32M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.02M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.12M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.19M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.76M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	192.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	192.96M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$658.78M	USD	3 Qtrs
Net income	`ProfitLoss`	$796.06M	USD	3 Qtrs
Depreciation	`Depreciation`	$75.27M	USD	3 Qtrs
Depreciation	`Depreciation`	$57.14M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$38.48M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$32.97M	USD	3 Qtrs
Loss (gain) on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.81M	USD	3 Qtrs
Loss (gain) on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-246.00K	USD	3 Qtrs
Unrealized foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.38M	USD	3 Qtrs
Unrealized foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-24.39M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$14.35M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$8.36M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$53.52M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$68.66M	USD	3 Qtrs
Realized gain on marketable securities	`GainLossOnSaleOfInvestments`	$513.00K	USD	3 Qtrs
Realized gain on marketable securities	`GainLossOnSaleOfInvestments`	$1.32M	USD	3 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-59.47M	USD	3 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-197.02M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$357.39M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$56.06M	USD	3 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.40M	USD	3 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.02M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.94M	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-39.94M	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-18.30M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.91M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-21.15M	USD	3 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-7.55M	USD	3 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-9.86M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.97M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-53.42M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$843.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$699.45M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.07M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$187.96M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.97M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.41M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.64M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.08B	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$702.49M	USD	3 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$975.32M	USD	3 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$808.55M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$148.65M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.89M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.33M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-311.71M	USD	3 Qtrs
Dividends	`PaymentsOfDividends`	$333.98M	USD	3 Qtrs
Dividends	`PaymentsOfDividends`	$362.60M	USD	3 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$35.73M	USD	3 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$15.20M	USD	3 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$17.64M	USD	3 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$13.07M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.85M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-344.50M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.90M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.17M	USD	3 Qtrs
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$196.17M	USD	3 Qtrs
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$181.08M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.64B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.64B	USD	Point-in-time

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$31.00K	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$609.00K	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.90M	USD	3 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.92M	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.68	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.44	USD	3 Qtrs
Beginning balance, value	`StockholdersEquity`	$5.85B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.52B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.58B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.79B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.74B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.10B	USD	Point-in-time
Net income	`NetIncomeLoss`	$313.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$658.78M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$796.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$259.04M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.36M	USD	3 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.72M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.70M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.31M	USD	3 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.53M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$17.75M	USD	3 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.36M	USD	3 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.17M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$342.67M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$721.88M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$767.39M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$247.17M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$466.68M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$26.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$515.52M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$1.00K	USD	1 Quarter
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$15.20M	USD	3 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$35.73M	USD	3 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	-	USD	1 Quarter
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	-	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.52M	USD	3 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.03M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$68.66M	USD	3 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.36M	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$1.19M	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$13.07M	USD	3 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$32.00K	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$17.64M	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$5.85B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.52B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.58B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.79B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.74B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.10B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$313.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$658.78M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$796.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$259.04M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.36M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.72M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.70M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.31M	USD	3 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.36M	USD	3 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.17M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.53M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$17.75M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$342.67M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$721.88M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$767.39M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$247.17M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.