10-Q Filing

GARMIN LTD CIK: 1121788 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-013146`
Period End Date	20220630
Filing Date	20220727
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	grmn-20220625_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 76 Cash Flow Statement 70 Stockholders Equity 54 Comprehensive Income 16

Balance Sheet 88 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
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$526.64M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$347.98M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	193.06M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	192.61M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$698.86M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	5.47M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$843.45M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	5.02M	shares	Point-in-time
Inventories	`InventoryNet`	$1.45B	USD	Point-in-time
Inventories	`InventoryNet`	$1.23B	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$14.54M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$15.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$328.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$340.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.26B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$89.46M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$128.62M	USD	Point-in-time
Noncurrent marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.25B	USD	Point-in-time
Noncurrent marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.27B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$348.00M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$260.20M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$12.36M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$10.82M	USD	Point-in-time
Goodwill	`Goodwill`	$561.39M	USD	Point-in-time
Goodwill	`Goodwill`	$575.08M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$215.99M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$194.07M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$87.13M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$103.38M	USD	Point-in-time
Total assets	`Assets`	$7.81B	USD	Point-in-time
Total assets	`Assets`	$7.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$370.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$319.73M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$178.67M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$211.37M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$45.47M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$39.95M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$121.51M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$89.98M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$216.86M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$225.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$86.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$87.65M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$127.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$128.08M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$564.45M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$258.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$118.06M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$117.59M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$60.23M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$62.54M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$41.62M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$38.30M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$70.04M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$106.95M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$324.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$333.00K	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 193,058 shares outstanding at June 25, 2022 and 192,608 shares outstanding at December 25, 2021	`CommonStockValue`	$17.98M	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 193,058 shares outstanding at June 25, 2022 and 192,608 shares outstanding at December 25, 2021	`CommonStockValue`	$17.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.96B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.01B	USD	Point-in-time
Treasury stock (5,019 and 5,469 shares, respectively)	`TreasuryStockValue`	$315.89M	USD	Point-in-time
Treasury stock (5,019 and 5,469 shares, respectively)	`TreasuryStockValue`	$303.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.32B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.61M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$117.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.58B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.72B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.25B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.11B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.85B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.81B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.33B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.40B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.24B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.41B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.02B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$976.83M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$512.01M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$546.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.42B	USD	2 Qtrs
Gross profit	`GrossProfit`	$728.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$780.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.39B	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$74.00M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$77.49M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$43.36M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$42.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$191.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$352.70M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$382.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$180.72M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$410.52M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$186.02M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$201.52M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$374.87M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$409.68M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$801.58M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$436.09M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$870.01M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$620.83M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$371.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$521.30M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$292.74M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$7.02M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$14.67M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$8.49M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$16.05M	USD	2 Qtrs
Foreign currency losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-25.95M	USD	2 Qtrs
Foreign currency losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-15.61M	USD	2 Qtrs
Foreign currency losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-22.44M	USD	1 Quarter
Foreign currency losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.33M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$170.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.68M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.20M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.43M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.47M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.77M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$887.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.74M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$372.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$514.83M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$622.57M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$278.97M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$45.37M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$85.55M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$55.06M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$21.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$537.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$317.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.65	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.43	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.80	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.43	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.78	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.98M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	193.07M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.02M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	192.84M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.51M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.45M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	192.87M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$469.46M	USD	2 Qtrs
Net income	`ProfitLoss`	$537.02M	USD	2 Qtrs
Depreciation	`Depreciation`	$58.99M	USD	2 Qtrs
Depreciation	`Depreciation`	$48.78M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$25.90M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$23.87M	USD	2 Qtrs
(Gain) loss on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.67M	USD	2 Qtrs
(Gain) loss on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-207.00K	USD	2 Qtrs
Unrealized foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-12.21M	USD	2 Qtrs
Unrealized foreign currency losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-21.22M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-66.38M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.56M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$39.76M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$45.30M	USD	2 Qtrs
Realized loss (gain) on marketable securities	`GainLossOnSaleOfInvestments`	$-773.00K	USD	2 Qtrs
Realized loss (gain) on marketable securities	`GainLossOnSaleOfInvestments`	$374.00K	USD	2 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-122.43M	USD	2 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-103.93M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$177.19M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$294.77M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.28M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-775.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.14M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-74.27M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-39.38M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.32M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.25M	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-2.92M	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-5.86M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$20.67M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$598.04M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$265.48M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$134.80M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$146.54M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.67M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.17M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$887.00K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$755.36M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$873.11M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$720.94M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$620.80M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.83M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-198.02M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-397.15M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$258.25M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$233.86M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$41.05M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$35.73M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$14.72M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$17.60M	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan	`PaymentForPurchaseOfTreasuryStockUnderShareRepurchasePlan`	-	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan	`PaymentForPurchaseOfTreasuryStockUnderShareRepurchasePlan`	$25.12M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-215.73M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-257.04M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-22.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.82M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-410.72M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$181.47M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.64B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.50B	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`	$1.09B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.64B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.50B	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`	$1.09B	USD	Point-in-time

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.76M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$78.00K	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.31M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$19.46M	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.68	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.92	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.68	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.92	USD	1 Quarter
Beginning balance, value	`StockholdersEquity`	$5.87B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.58B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.72B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.25B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.52B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.11B	USD	Point-in-time
Net income	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$537.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$317.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.61M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-64.89M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$27.68M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-121.81M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-9.19M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-16.63M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.30M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-66.64M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$176.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$343.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$520.23M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$281.02M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$564.45M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$515.52M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$564.68M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$515.31M	USD	1 Quarter
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$20.90M	USD	1 Quarter
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$35.73M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$41.05M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$18.08M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.30M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$39.76M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.05M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.60M	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$111.00K	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$17.60M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$323.00K	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$14.72M	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$30.65M	USD	1 Quarter
Purchase of treasury stock under share repurchase plan	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$30.65M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$5.87B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.58B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.72B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.25B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.52B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.11B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$537.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$317.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.61M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-64.89M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$27.68M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-121.81M	USD	2 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.30M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.19M	USD	2 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-66.64M	USD	2 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-16.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$176.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$343.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$520.23M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$281.02M	USD	2 Qtrs

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