10-Q Filing

MONSTER BEVERAGE CORP CIK: 865752 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001104659-23-114789`
Period End Date	20230930
Filing Date	20231106
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	mnst-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 55 Cash Flow Statement 88 Stockholders Equity 57 Comprehensive Income 30

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.12B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.28B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.31B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.77B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.24B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.04B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.04B	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.36B	USD	Point-in-time
Common stock in treasury, shares	`TreasuryStockCommonShares`	239.09M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Common stock in treasury, shares	`TreasuryStockCommonShares`	78.08M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.23B	USD	Point-in-time
Inventories	`InventoryNet`	$883.58M	USD	Point-in-time
Inventories	`InventoryNet`	$935.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$109.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$162.68M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$23.47M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$33.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.76B	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$52.64M	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$61.44M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$516.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$731.21M	USD	Point-in-time
DEFERRED INCOME TAXES, net	`DeferredIncomeTaxAssetsNet`	$177.04M	USD	Point-in-time
DEFERRED INCOME TAXES, net	`DeferredIncomeTaxAssetsNet`	$176.72M	USD	Point-in-time
GOODWILL	`Goodwill`	$1.42B	USD	Point-in-time
GOODWILL	`Goodwill`	$1.41B	USD	Point-in-time
GOODWILL	`Goodwill`	$1.42B	USD	Point-in-time
GOODWILL	`Goodwill`	$1.33B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.22B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.46B	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$134.48M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$164.87M	USD	Point-in-time
Total Assets	`Assets`	$9.31B	USD	Point-in-time
Total Assets	`Assets`	$8.29B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$539.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$444.26M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$207.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$172.99M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$296.58M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$255.63M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$40.13M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$43.31M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$76.83M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$72.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$17.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.00B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.18B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$209.14M	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$223.80M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$42.29M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$53.25M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,118,498 shares issued and 1,040,420 shares outstanding as of September 30, 2023; 1,283,688 shares issued and 1,044,600 shares outstanding as of December 31, 2022	`CommonStockValueOutstanding`	$5.59M	USD	Point-in-time
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,118,498 shares issued and 1,040,420 shares outstanding as of September 30, 2023; 1,283,688 shares issued and 1,044,600 shares outstanding as of December 31, 2022	`CommonStockValueOutstanding`	$6.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.89B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.57B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.00B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-224.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-198.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.17M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-159.07M	USD	Point-in-time
Common stock in treasury, at cost; 78,078 shares and 239,088 shares as of September 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$6.60B	USD	Point-in-time
Common stock in treasury, at cost; 78,078 shares and 239,088 shares as of September 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$2.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.03B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.81B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.82B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.84B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.40B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.29B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.31B	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.86B	USD	1 Quarter
NET SALES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.62B	USD	1 Quarter
NET SALES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.80B	USD	3 Qtrs
NET SALES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.41B	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$872.26M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.41B	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.55B	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$790.56M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$833.73M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.39B	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$2.86B	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$983.76M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$473.24M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$1.34B	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$415.80M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$1.20B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.52B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$510.53M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$417.93M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.19B	USD	3 Qtrs
INTEREST and OTHER INCOME (EXPENSE), net	`OtherNonoperatingIncomeExpense`	$71.36M	USD	1 Quarter
INTEREST and OTHER INCOME (EXPENSE), net	`OtherNonoperatingIncomeExpense`	$-11.93M	USD	3 Qtrs
INTEREST and OTHER INCOME (EXPENSE), net	`OtherNonoperatingIncomeExpense`	$99.01M	USD	3 Qtrs
INTEREST and OTHER INCOME (EXPENSE), net	`OtherNonoperatingIncomeExpense`	$2.15M	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$581.88M	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.62B	USD	3 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.18B	USD	3 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$420.08M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$97.69M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$354.40M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$288.49M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$129.19M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$294.20M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$889.95M	USD	3 Qtrs
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26B	USD	3 Qtrs
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$273.36M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$413.87M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$397.44M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$322.39M	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.43	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.84	USD	3 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.31	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.21	USD	3 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.83	USD	3 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.30	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.43	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.19	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.06B	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.05B	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.05B	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.05B	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.07B	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.07B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.06B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.06B	shares	3 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Accrued liabilities for intangible assets	`NetChangeInAccruedLiabilitiesIncurredButNotYetPaid`	$14.30M	USD	3 Qtrs
Accrued liabilities for intangible assets	`NetChangeInAccruedLiabilitiesIncurredButNotYetPaid`	$14.40M	USD	3 Qtrs
Accounts payable for purchase of available-for-sale short-term investment	`AccountsPayableForPurchasesOfAvailableForSaleShortTermInvestments`	$8.70M	USD	3 Qtrs
Accounts payable for purchase of available-for-sale short-term investment	`AccountsPayableForPurchasesOfAvailableForSaleShortTermInvestments`	$7.90M	USD	3 Qtrs
Accounts payable for purchases of equipment	`AccountsPayableForPurchasesOfEquipment`	$2.00M	USD	3 Qtrs
Accounts payable for purchases of equipment	`AccountsPayableForPurchasesOfEquipment`	$2.60M	USD	3 Qtrs
Accounts receivable included sales of available-for-sale short-term investments	`AccruedAssetsForPurchasesOfAvailableForSaleShortTermInvestments`	$5.90M	USD	3 Qtrs
Accounts payable for purchases of common stock held in treasury	`AccountsPayableForPurchasesOfCommonStockHeldInTreasury`	$2.60M	USD	3 Qtrs
Accounts payable for purchases of common stock held in treasury	`AccountsPayableForPurchasesOfCommonStockHeldInTreasury`	$76.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$889.95M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.26B	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.36M	USD	3 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	$6.47M	USD	3 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	$5.18M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$253.00K	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$686.00K	USD	3 Qtrs
Gain on Bang Transaction	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$45.38M	USD	3 Qtrs
Loss on impairment of intangibles	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Loss on impairment of intangibles	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$2.80M	USD	3 Qtrs
Loss on impairment of intangibles	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	3 Qtrs
Loss on impairment of intangibles	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.17M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$52.47M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-29.71M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$218.80M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$202.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-69.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$297.14M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.37M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.20M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-8.03M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-7.87M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$109.82M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.66M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$24.70M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.57M	USD	3 Qtrs
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$89.24M	USD	3 Qtrs
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$42.42M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.64M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.52M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.22M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-12.82M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.64M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.49M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInCustomerLiability`	$-19.32M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInCustomerLiability`	$-16.06M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.28B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$589.19M	USD	3 Qtrs
Sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.82B	USD	3 Qtrs
Sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.55B	USD	3 Qtrs
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.39B	USD	3 Qtrs
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.41B	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.16M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.22M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$603.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.75M	USD	3 Qtrs
Additions to intangibles	`PaymentsToProceedsFromIntangiblesAssets`	$9.11M	USD	3 Qtrs
Additions to intangibles	`PaymentsToProceedsFromIntangiblesAssets`	$3.58M	USD	3 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$19.86M	USD	3 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$19.17M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.74M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-360.02M	USD	3 Qtrs
(Payments) borrowings on debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-719.00K	USD	3 Qtrs
(Payments) borrowings on debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-11.27M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$65.56M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$34.76M	USD	3 Qtrs
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$488.08M	USD	3 Qtrs
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$493.31M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-433.79M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-459.27M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-95.58M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-22.90M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$466.71M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.41M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.30B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.30B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Interest	`InterestPaidNet`	$254.00K	USD	3 Qtrs
Interest	`InterestPaidNet`	$359.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$348.95M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$297.53M	USD	3 Qtrs

Stockholders Equity 57 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.03B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.57B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.81B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.82B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.87B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.84B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.87B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.40B	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.44M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.74M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.16M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.18M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.18M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$36.35M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$18.11M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$23.32M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.61M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$12.14M	USD	1 Quarter
Stock options/awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.51M	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.68M	USD	3 Qtrs
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-773.00K	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.10M	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.67M	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.06M	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.18M	USD	1 Quarter
Unrealized gain (loss), net on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.84M	USD	3 Qtrs
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$272.88M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$-1.27M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$90.38M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$12.19M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$447.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$284.31M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-79.71M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-402.20M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$7.98M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-68.82M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$1.08M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-5.78M	USD	1 Quarter
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	3 Qtrs
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	1 Quarter
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$3.43M	USD	3 Qtrs
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.27M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$294.20M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$889.95M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26B	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$273.36M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$413.87M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$397.44M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$322.39M	USD	1 Quarter
Balance	`StockholdersEquity`	$7.03B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.57B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.81B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.82B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.87B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.84B	USD	Point-in-time
Balance	`StockholdersEquity`	$6.87B	USD	Point-in-time
Balance	`StockholdersEquity`	$7.40B	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$294.20M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$889.95M	USD	3 Qtrs
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26B	USD	3 Qtrs
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$273.36M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$413.87M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$397.44M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$322.39M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-48.28M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-147.45M	USD	3 Qtrs
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-46.07M	USD	3 Qtrs
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-68.82M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.68M	USD	3 Qtrs
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-773.00K	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.10M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.67M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.06M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.18M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.84M	USD	3 Qtrs
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	3 Qtrs
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	1 Quarter
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$3.43M	USD	3 Qtrs
Net gains on commodity derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.27M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-38.96M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-155.29M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-42.31M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-71.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$410.39M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$734.66M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$250.89M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.23B	USD	3 Qtrs

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