10-Q Filing

EXPEDITORS INTERNATIONAL OF WASHINGTON INC CIK: 746515 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-017600`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	expd-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 44 Cash Flow Statement 58 Stockholders Equity 24 Comprehensive Income 14

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.36M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.47M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$577.84M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$567.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.03B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.35B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for credit loss of $8,358 at March 31, 2023 and $9,466 at December 31, 2022	`AccountsReceivableNetCurrent`	$1.60B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for credit loss of $8,358 at March 31, 2023 and $9,466 at December 31, 2022	`AccountsReceivableNetCurrent`	$2.11B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	154.31M	shares	Point-in-time
Deferred contract costs	`CapitalizedContractCostGross`	$257.55M	USD	Point-in-time
Deferred contract costs	`CapitalizedContractCostGross`	$195.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	154.31M	shares	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$106.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.71M	shares	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$118.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.26B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.52B	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $577,841 at March 31, 2023 and $567,757 at December 31, 2022	`PropertyPlantAndEquipmentNet`	$501.92M	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $577,841 at March 31, 2023 and $567,757 at December 31, 2022	`PropertyPlantAndEquipmentNet`	$500.48M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$509.02M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$507.50M	USD	Point-in-time
Goodwill	`Goodwill`	$7.93M	USD	Point-in-time
Goodwill	`Goodwill`	$7.93M	USD	Point-in-time
Deferred federal and state income taxes, net	`DeferredIncomeTaxAssetsNet`	$37.45M	USD	Point-in-time
Deferred federal and state income taxes, net	`DeferredIncomeTaxAssetsNet`	$38.09M	USD	Point-in-time
Other assets, net	`PrepaidExpenseAndOtherAssetsNoncurrent`	$20.05M	USD	Point-in-time
Other assets, net	`PrepaidExpenseAndOtherAssetsNoncurrent`	$17.62M	USD	Point-in-time
Total assets	`Assets`	$5.59B	USD	Point-in-time
Total assets	`Assets`	$5.33B	USD	Point-in-time
Total assets	`Assets`	$7.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.11B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$950.91M	USD	Point-in-time
Accrued liabilities, primarily salaries and related costs	`AccruedLiabilitiesCurrent`	$432.82M	USD	Point-in-time
Accrued liabilities, primarily salaries and related costs	`AccruedLiabilitiesCurrent`	$479.26M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$323.10M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$244.67M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$95.62M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$98.47M	USD	Point-in-time
Federal, state and foreign income taxes	`AccruedIncomeTaxesCurrent`	$33.20M	USD	Point-in-time
Federal, state and foreign income taxes	`AccruedIncomeTaxesCurrent`	$47.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.76B	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$422.84M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$422.15M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.01 per share. Issued and outstanding: 152,712 shares at March 31,2023 and 154,313 shares at December 31, 2022	`CommonStockValue`	$1.53M	USD	Point-in-time
Common stock, par value $0.01 per share. Issued and outstanding: 152,712 shares at March 31,2023 and 154,313 shares at December 31, 2022	`CommonStockValue`	$1.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$139.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.31B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.34B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-190.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-202.55M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.11B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.15B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$3.51M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$3.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.11B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.59B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.33B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.59B	USD	1 Quarter
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.66B	USD	1 Quarter
Directly related cost of transportation and other expenses	`DirectOperatingCosts`	$3.52B	USD	1 Quarter
Directly related cost of transportation and other expenses	`DirectOperatingCosts`	$1.72B	USD	1 Quarter
Salaries and related	`LaborAndRelatedExpense`	$449.85M	USD	1 Quarter
Salaries and related	`LaborAndRelatedExpense`	$538.94M	USD	1 Quarter
Rent and occupancy	`OccupancyNet`	$50.93M	USD	1 Quarter
Rent and occupancy	`OccupancyNet`	$57.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.26M	USD	1 Quarter
Selling and promotion	`SellingAndMarketingExpense`	$6.38M	USD	1 Quarter
Selling and promotion	`SellingAndMarketingExpense`	$4.05M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$79.54M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$68.39M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.32B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$4.20B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$461.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$275.97M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.77M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.89M	USD	1 Quarter
Interest Expense	`InterestExpense`	$503.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$2.65M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$8.48M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$8.03M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$24.61M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$9.42M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$300.58M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$471.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$121.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$74.58M	USD	1 Quarter
Net earnings	`ProfitLoss`	$349.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$226.00M	USD	1 Quarter
Less net (losses) earnings attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-13.00K	USD	1 Quarter
Less net (losses) earnings attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.37M	USD	1 Quarter
Net earnings attributable to shareholders	`NetIncomeLoss`	$346.11M	USD	1 Quarter
Net earnings attributable to shareholders	`NetIncomeLoss`	$226.01M	USD	1 Quarter
Diluted earnings attributable to shareholders per share	`EarningsPerShareDiluted`	$2.05	USD	1 Quarter
Diluted earnings attributable to shareholders per share	`EarningsPerShareDiluted`	$1.45	USD	1 Quarter
Basic earnings attributable to shareholders per share	`EarningsPerShareBasic`	$1.47	USD	1 Quarter
Basic earnings attributable to shareholders per share	`EarningsPerShareBasic`	$2.07	USD	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	169.22M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	155.47M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	154.16M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	167.50M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$349.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$226.00M	USD	1 Quarter
Provisions for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.07M	USD	1 Quarter
Provisions for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$-416.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.04M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.24M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$11.60M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$12.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.26M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.16M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-455.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-508.61M	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$132.35M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$140.19M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-202.92M	USD	1 Quarter
Decrease in deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$-173.93M	USD	1 Quarter
Decrease in deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$-67.62M	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-84.45M	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-193.36M	USD	1 Quarter
Increase in income taxes payable, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$46.26M	USD	1 Quarter
Increase in income taxes payable, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$91.00K	USD	1 Quarter
(Increase) decrease in other, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-8.41M	USD	1 Quarter
(Increase) decrease in other, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$550.00K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$413.95M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$546.41M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$10.13M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$14.41M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-79.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-575.00K	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.55M	USD	1 Quarter
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.33M	USD	1 Quarter
Payments on borrowings on lines of credit	`RepaymentsOfLinesOfCredit`	$3.10M	USD	1 Quarter
Payments on borrowings on lines of credit	`RepaymentsOfLinesOfCredit`	$26.40M	USD	1 Quarter
Proceeds from borrowings on lines of credit	`ProceedsFromLinesOfCredit`	$22.59M	USD	1 Quarter
Proceeds from borrowings on lines of credit	`ProceedsFromLinesOfCredit`	$11.49M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromStockPlans`	$5.75M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromStockPlans`	$9.29M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$213.50M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.45M	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.48M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-226.57M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.76M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-6.44M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.37M	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$316.66M	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$410.93M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.14B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.03B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.14B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.03B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73B	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$70.79M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$77.96M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15B	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	154.31M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	152.71M	shares	Point-in-time
Shares issued under employee stock plans, net of tax withholding for net settlement	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.84M	USD	1 Quarter
Shares issued under employee stock plans, net of tax withholding for net settlement	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.73M	USD	1 Quarter
Shares repurchased under provisions of stock repurchase plan	`StockRepurchasedDuringPeriodValue`	$215.25M	USD	1 Quarter
Shares repurchased under provisions of stock repurchase plan	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.60M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.49M	USD	1 Quarter
Net earnings	`ProfitLoss`	$349.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$226.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-8.01M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$11.75M	USD	1 Quarter
Dividends and dividend equivalents paid	`Dividends`	-	USD	1 Quarter
Dividends and dividend equivalents paid	`Dividends`	-	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15B	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	154.31M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	152.71M	shares	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-4.27M	USD	1 Quarter
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-1.50M	USD	1 Quarter
Net earnings	`ProfitLoss`	$349.48M	USD	1 Quarter
Net earnings	`ProfitLoss`	$226.00M	USD	1 Quarter
Foreign currency translation adjustments, net of income tax benefits of $4,268 and $1,500 for the three months ended March 31, 2023 and 2022	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-8.01M	USD	1 Quarter
Foreign currency translation adjustments, net of income tax benefits of $4,268 and $1,500 for the three months ended March 31, 2023 and 2022	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.75M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-8.01M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$11.75M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$237.75M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$341.47M	USD	1 Quarter
Less comprehensive (loss) income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-315.00K	USD	1 Quarter
Less comprehensive (loss) income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.37M	USD	1 Quarter
Comprehensive income attributable to shareholders	`ComprehensiveIncomeNetOfTax`	$339.09M	USD	1 Quarter
Comprehensive income attributable to shareholders	`ComprehensiveIncomeNetOfTax`	$238.07M	USD	1 Quarter

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