10-Q Filing

GARMIN LTD CIK: 1121788 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-036762`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	grmn-20230701_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 76 Cash Flow Statement 69 Stockholders Equity 52 Comprehensive Income 16

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accumualted depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$960.13M	USD	Point-in-time
Accumualted depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$904.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43B	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	198.08M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	195.88M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$173.29M	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	195.88M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$253.69M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$716.80M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	191.62M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$656.85M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	191.47M	shares	Point-in-time
Inventories	`InventoryNet`	$1.40B	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	6.45M	shares	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	4.41M	shares	Point-in-time
Inventories	`InventoryNet`	$1.52B	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$15.24M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$14.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$315.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$297.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.11B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.96B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $960,129 and $904,922	`PropertyPlantAndEquipmentNet`	$1.18B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $960,129 and $904,922	`PropertyPlantAndEquipmentNet`	$1.15B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$138.04M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$135.00M	USD	Point-in-time
Noncurrent marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.10B	USD	Point-in-time
Noncurrent marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.21B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$441.07M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$493.94M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$9.83M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$10.45M	USD	Point-in-time
Goodwill	`Goodwill`	$572.99M	USD	Point-in-time
Goodwill	`Goodwill`	$567.99M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$178.46M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$165.59M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$85.26M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$101.92M	USD	Point-in-time
Total assets	`Assets`	$7.73B	USD	Point-in-time
Total assets	`Assets`	$7.87B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$212.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$253.80M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$157.77M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$176.11M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$52.35M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$50.95M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$80.71M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$97.77M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$197.38M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$191.51M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$91.09M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$95.62M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$199.09M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$246.18M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$139.73M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$418.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$116.65M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$129.97M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$34.63M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$34.61M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$35.70M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$35.94M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$110.74M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$114.54M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$382.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$360.00K	USD	Point-in-time
Shares (195,880 and 198,077 shares authorized and issued 191,470 and 191,623 shares outstanding)	`CommonStockValue`	$19.59M	USD	Point-in-time
Shares (195,880 and 198,077 shares authorized and issued 191,470 and 191,623 shares outstanding)	`CommonStockValue`	$17.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.04B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.08B	USD	Point-in-time
Treasury stock (4,410 and 6,454 shares)	`TreasuryStockValue`	$322.69M	USD	Point-in-time
Treasury stock (4,410 and 6,454 shares)	`TreasuryStockValue`	$475.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.46B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.73B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-114.53M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-115.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.11B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.12B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.20B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.41B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.25B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.73B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.87B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.24B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.41B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.47B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.06B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$512.01M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.02B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$561.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.41B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.39B	USD	2 Qtrs
Gross profit	`GrossProfit`	$728.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$759.44M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$76.69M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$43.36M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$46.34M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$77.49M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$382.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$191.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$204.35M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$408.33M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$201.52M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$224.39M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$410.52M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$445.88M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$475.09M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$436.09M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$930.90M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$870.01M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$292.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$521.30M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$284.36M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$481.34M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$8.49M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$18.76M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$34.66M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$16.05M	USD	2 Qtrs
Foreign currency gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$18.48M	USD	2 Qtrs
Foreign currency gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-25.95M	USD	2 Qtrs
Foreign currency gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$10.80M	USD	1 Quarter
Foreign currency gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-22.44M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.43M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$3.27M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$170.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.06M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$56.41M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$31.62M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.77M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.47M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$315.98M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$537.75M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$278.97M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$514.83M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$45.37M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$28.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$21.09M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$47.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$490.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$287.94M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.56	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.51	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.34	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.43	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.56	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.43	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	192.98M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	193.07M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.40M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.51M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.45M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.74M	shares	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$490.27M	USD	2 Qtrs
Net income	`ProfitLoss`	$469.46M	USD	2 Qtrs
Depreciation	`Depreciation`	$64.82M	USD	2 Qtrs
Depreciation	`Depreciation`	$58.99M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$23.87M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$22.79M	USD	2 Qtrs
Gain on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.67M	USD	2 Qtrs
Gain on sale or disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$124.00K	USD	2 Qtrs
Unrealized foreign currency (gains) losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-21.22M	USD	2 Qtrs
Unrealized foreign currency (gains) losses	`ForeignCurrencyTransactionGainLossUnrealized`	$13.05M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-66.38M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-68.86M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$39.76M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$43.40M	USD	2 Qtrs
Realized loss on marketable securities	`GainLossOnSaleOfInvestments`	$-773.00K	USD	2 Qtrs
Realized loss on marketable securities	`GainLossOnSaleOfInvestments`	$-59.00K	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`	$62.83M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-111.53M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$294.77M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-775.00K	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.77M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$45.21M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.83M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-39.48M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-74.27M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.25M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.71M	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$990.00K	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-2.92M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-47.29M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$265.48M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$552.91M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.35M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$134.80M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.67M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$152.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$847.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$887.00K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$873.11M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$68.98M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$620.80M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$98.89M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.83M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-397.15M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$258.25M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$279.44M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$21.95M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$41.05M	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`	$9.40M	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan	`PaymentForPurchaseOfTreasuryStockUnderShareRepurchasePlan`	$25.12M	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan	`PaymentForPurchaseOfTreasuryStockUnderShareRepurchasePlan`	$70.18M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-257.04M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-337.07M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-22.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$599.00K	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$146.30M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-410.72M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43B	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.50B	USD	Point-in-time

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$974.00K	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.64M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$19.46M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.76M	USD	1 Quarter
Beginning balance, value	`StockholdersEquity`	$6.11B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.12B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.20B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.41B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.87B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.25B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$490.27M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$287.94M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.45M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-64.89M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-121.81M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-25.34M	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
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.39M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$7.68M	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
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$176.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$281.02M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$489.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$259.20M	USD	1 Quarter
Dividends	`DividendsNet`	$564.45M	USD	1 Quarter
Dividends	`DividendsNet`	$558.51M	USD	2 Qtrs
Dividends	`DividendsNet`	$558.40M	USD	1 Quarter
Dividends	`DividendsNet`	$564.68M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$21.95M	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`	$41.05M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$21.95M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.40M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.66M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$39.76M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.05M	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$9.40M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$14.72M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$111.00K	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$228.00K	USD	1 Quarter
Purchase of treasury stock under share repurchase plan, including any associated excise tax	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$30.65M	USD	2 Qtrs
Purchase of treasury stock under share repurchase plan, including any associated excise tax	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$30.65M	USD	1 Quarter
Purchase of treasury stock under share repurchase plan, including any associated excise tax	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$26.37M	USD	1 Quarter
Purchase of treasury stock under share repurchase plan, including any associated excise tax	`PurchaseOfTreasuryStockUnderShareRepurchasePlan1`	$67.45M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$6.11B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.12B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.20B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.41B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.87B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.25B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$469.46M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$257.87M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$490.27M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$287.94M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.45M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-64.89M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-121.81M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-25.34M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.68M	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`	$-3.39M	USD	1 Quarter
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`	$281.02M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$489.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$259.20M	USD	1 Quarter

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