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10-Q Filing

LYONDELLBASELL INDUSTRIES N.V. CIK: 1489393 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001489393-19-000022
Period End Date 20190331
Filing Date 20190426
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance lyb-20190331.xml
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $332.00M USD Point-in-time
Ordinary shares par value (in euros per share) CommonStockParOrStatedValuePerShare 0.04 EUR Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $339.00M USD Point-in-time
Ordinary shares par value (in euros per share) CommonStockParOrStatedValuePerShare 0.04 EUR Point-in-time
Restricted cash RestrictedCashCurrent $69.00M USD Point-in-time
Ordinary shares, shares authorized (in shares) CommonStockSharesAuthorized 1.27B shares Point-in-time
Restricted cash RestrictedCashCurrent $19.00M USD Point-in-time
Ordinary shares, shares authorized (in shares) CommonStockSharesAuthorized 1.27B shares Point-in-time
Ordinary shares, shares outstanding (in shares) CommonStockSharesOutstanding 370.33M shares Point-in-time
Short-term investments ShortTermInvestments $423.00M USD Point-in-time
Ordinary shares, shares outstanding (in shares) CommonStockSharesOutstanding 375.70M shares Point-in-time
Short-term investments ShortTermInvestments $892.00M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 29.88M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 24.51M shares Point-in-time
Trade, net AccountsReceivableNetCurrent $3.51B USD Point-in-time
Trade, net AccountsReceivableNetCurrent $3.35B USD Point-in-time
Related parties DueFromRelatedPartiesCurrent $172.00M USD Point-in-time
Related parties DueFromRelatedPartiesCurrent $148.00M USD Point-in-time
Inventories InventoryNet $4.50B USD Point-in-time
Inventories InventoryNet $4.51B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.25B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.33B USD Point-in-time
Total current assets AssetsCurrent $10.29B USD Point-in-time
Total current assets AssetsCurrent $10.57B USD Point-in-time
Operating lease assets OperatingLeaseRightOfUseAsset $1.53B USD Point-in-time
Property, plant and equipment at cost PropertyPlantAndEquipmentGross $18.70B USD Point-in-time
Property, plant and equipment at cost PropertyPlantAndEquipmentGross $19.24B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $6.45B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $6.22B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $12.48B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $12.80B USD Point-in-time
Investment in PO joint ventures InvestmentInManufacturingJointVentures $464.00M USD Point-in-time
Investment in PO joint ventures InvestmentInManufacturingJointVentures $469.00M USD Point-in-time
Equity investments EquityMethodInvestments $1.61B USD Point-in-time
Equity investments EquityMethodInvestments $1.65B USD Point-in-time
Other investments and long-term receivables OtherInvestmentsAndLongTermReceivables $23.00M USD Point-in-time
Other investments and long-term receivables OtherInvestmentsAndLongTermReceivables $23.00M USD Point-in-time
Goodwill Goodwill $1.81B USD Point-in-time
Goodwill Goodwill $1.80B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $945.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $965.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $387.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $353.00M USD Point-in-time
Total assets Assets $28.28B USD Point-in-time
Total assets Assets $29.89B USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $5.00M USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $5.00M USD Point-in-time
Short-term debt ShortTermBorrowings $2.38B USD Point-in-time
Short-term debt ShortTermBorrowings $885.00M USD Point-in-time
Trade AccountsPayableTradeCurrent $2.61B USD Point-in-time
Trade AccountsPayableTradeCurrent $2.56B USD Point-in-time
Related parties AccountsPayableRelatedPartiesCurrent $527.00M USD Point-in-time
Related parties AccountsPayableRelatedPartiesCurrent $577.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.54B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.44B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.51B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.01B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $8.50B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $7.52B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.28B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.90B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.83B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $1.98B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $1.97B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable non-controlling interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $116.00M USD Point-in-time
Redeemable non-controlling interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $116.00M USD Point-in-time
Ordinary shares, 0.04 par value, 1,275 million shares authorized, 370,326,103 and 375,696,661 shares outstanding, respectively CommonStockValue $22.00M USD Point-in-time
Ordinary shares, 0.04 par value, 1,275 million shares authorized, 370,326,103 and 375,696,661 shares outstanding, respectively CommonStockValue $22.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.00B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.04B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.21B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.76B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.36B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.30B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.28B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.42B USD Point-in-time
Treasury stock, at cost, 29,884,177 and 24,513,619 ordinary shares, respectively TreasuryStockValue $2.21B USD Point-in-time
Treasury stock, at cost, 29,884,177 and 24,513,619 ordinary shares, respectively TreasuryStockValue $2.67B USD Point-in-time
Total Company share of stockholders equity StockholdersEquity $10.26B USD Point-in-time
Total Company share of stockholders equity StockholdersEquity $10.14B USD Point-in-time
Non-controlling interests MinorityInterest $22.00M USD Point-in-time
Non-controlling interests MinorityInterest $23.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.28B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.16B USD Point-in-time
Total liabilities, redeemable non-controlling interests and equity LiabilitiesAndStockholdersEquity $28.28B USD Point-in-time
Total liabilities, redeemable non-controlling interests and equity LiabilitiesAndStockholdersEquity $29.89B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Trade RevenueFromContractWithCustomerExcludingAssessedTax $8.56B USD 1 Quarter
Trade RevenueFromContractWithCustomerExcludingAssessedTax $9.53B USD 1 Quarter
Related parties RevenueFromRelatedParties $237.00M USD 1 Quarter
Related parties RevenueFromRelatedParties $213.00M USD 1 Quarter
Sales revenue, net Revenues $9.77B USD 1 Quarter
Sales revenue, net Revenues $8.78B USD 1 Quarter
Cost of sales CostOfRevenue $7.45B USD 1 Quarter
Cost of sales CostOfRevenue $8.01B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $233.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $287.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $28.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $28.00M USD 1 Quarter
Costs and expenses CostsAndExpenses $8.27B USD 1 Quarter
Costs and expenses CostsAndExpenses $7.76B USD 1 Quarter
Operating income OperatingIncomeLoss $1.49B USD 1 Quarter
Operating income OperatingIncomeLoss $1.02B USD 1 Quarter
Interest expense InterestExpense $91.00M USD 1 Quarter
Interest expense InterestExpense $92.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $11.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $6.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $24.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $25.00M USD 1 Quarter
Income before equity investments and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.44B USD 1 Quarter
Income before equity investments and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $956.00M USD 1 Quarter
Income from equity investments IncomeLossFromEquityMethodInvestmentsIncludingImpairments $96.00M USD 1 Quarter
Income from equity investments IncomeLossFromEquityMethodInvestmentsIncludingImpairments $64.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.53B USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.02B USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $203.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $303.00M USD 1 Quarter
Net income ProfitLoss $1.23B USD 1 Quarter
Net income ProfitLoss $817.00M USD 1 Quarter
Dividends on A. Schulman Special Stock DividendsOnSpecialStockOfSubsidiary $2.00M USD Point-in-time
Dividends on A. Schulman Special Stock DividendsOnSpecialStockOfSubsidiary $2.00M USD 1 Quarter
Net income attributable to the Company shareholders NetIncomeAvailabletoCompanyShareholders $1.23B USD 1 Quarter
Net income attributable to the Company shareholders NetIncomeAvailabletoCompanyShareholders $815.00M USD 1 Quarter
Net income attributable to the Company shareholders Basic (in dollars per share) EarningsPerShareBasic $3.12 USD 1 Quarter
Net income attributable to the Company shareholders Basic (in dollars per share) EarningsPerShareBasic $2.19 USD 1 Quarter
Net income attributable to the Company shareholders Diluted (in dollars per share) EarningsPerShareDiluted $2.19 USD 1 Quarter
Net income attributable to the Company shareholders Diluted (in dollars per share) EarningsPerShareDiluted $3.11 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.23B USD 1 Quarter
Net income ProfitLoss $817.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $322.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $299.00M USD 1 Quarter
Amortization of debt-related costs AmortizationOfFinancingCostsAndDiscounts $4.00M USD 1 Quarter
Amortization of debt-related costs AmortizationOfFinancingCostsAndDiscounts $1.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $12.00M USD 1 Quarter
Equity income IncomeLossFromEquityMethodInvestmentsIncludingImpairments $96.00M USD 1 Quarter
Equity income IncomeLossFromEquityMethodInvestmentsIncludingImpairments $64.00M USD 1 Quarter
Distributions of earnings, net of tax EquityMethodInvestmentDividendsOrDistributions $25.00M USD 1 Quarter
Distributions of earnings, net of tax EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $46.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $61.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $196.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $206.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $55.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $72.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $105.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-398.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-323.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $657.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.01B USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $429.00M USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $599.00M USD 1 Quarter
Purchases of available-for-sale debt securities PaymentsToAcquireAvailableForSaleSecurities $50.00M USD 1 Quarter
Purchases of available-for-sale debt securities PaymentsToAcquireAvailableForSaleSecurities - USD 1 Quarter
Proceeds from sales and maturities of available-for-sale debt securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $308.00M USD 1 Quarter
Proceeds from sales and maturities of available-for-sale debt securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $335.00M USD 1 Quarter
Proceeds from sales and maturities of equity securities ProceedsFromSaleOfEquitySecurities - USD 1 Quarter
Proceeds from sales and maturities of equity securities ProceedsFromSaleOfEquitySecurities $162.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $45.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $49.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-178.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-189.00M USD 1 Quarter
Repurchases of Company ordinary shares PaymentsForRepurchaseOfCommonStock $119.00M USD 1 Quarter
Repurchases of Company ordinary shares PaymentsForRepurchaseOfCommonStock $512.00M USD 1 Quarter
Dividends paid - common stock PaymentsOfDividendsCommonStock $395.00M USD 1 Quarter
Dividends paid - common stock PaymentsOfDividendsCommonStock $372.00M USD 1 Quarter
Purchase of non-controlling interest PaymentsToAcquireAdditionalInterestInSubsidiaries - USD 1 Quarter
Purchase of non-controlling interest PaymentsToAcquireAdditionalInterestInSubsidiaries $63.00M USD 1 Quarter
Issuance of short-term debt ProceedsFromShortTermDebt - USD 1 Quarter
Issuance of short-term debt ProceedsFromShortTermDebt $2.00B USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $1.00B USD 1 Quarter
Net repayments of commercial paper ProceedsFromRepaymentsOfCommercialPaper $-559.00M USD 1 Quarter
Net repayments of commercial paper ProceedsFromRepaymentsOfCommercialPaper - USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-15.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-6.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-521.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-520.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $15.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.00M USD 1 Quarter
(Decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $312.00M USD 1 Quarter
(Decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-43.00M USD 1 Quarter
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $358.00M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.84B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $401.00M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $358.00M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.84B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $401.00M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Common stock, dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $1.00 USD 1 Quarter
Common stock, dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $1.00 USD 1 Quarter
Special stock, dividends per share (in dollars per share) Specialstockdividendspershareindollarspershare $15.00 USD Point-in-time
Special stock, dividends per share (in dollars per share) Specialstockdividendspershareindollarspershare $15.00 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.28B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.16B USD Point-in-time
Adoption of accounting standards CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-70.00M USD Point-in-time
Net income ProfitLoss $1.23B USD 1 Quarter
Net income ProfitLoss $817.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $54.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-55.00M USD 1 Quarter
Dividends- common stock DividendsCommonStockCash $372.00M USD Point-in-time
Dividends- A. Schulman Special Stock DividendsOnSpecialStockOfSubsidiary $2.00M USD Point-in-time
Dividends- A. Schulman Special Stock DividendsOnSpecialStockOfSubsidiary $2.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.28B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.16B USD Point-in-time
Comprehensive Income 15 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.23B USD 1 Quarter
Net income ProfitLoss $817.00M USD 1 Quarter
Financial derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $7.00M USD 1 Quarter
Financial derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-50.00M USD 1 Quarter
Defined benefit pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-5.00M USD 1 Quarter
Defined benefit pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-7.00M USD 1 Quarter
Foreign currency translations OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $40.00M USD 1 Quarter
Foreign currency translations OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $54.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-55.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $762.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.28B USD 1 Quarter
Dividends on A. Schulman Special Stock SpecialDividendsCommonStockCash $2.00M USD 1 Quarter
Comprehensive income attributable to the Company shareholders ComprehensiveIncomeNetOfTax $1.28B USD 1 Quarter
Comprehensive income attributable to the Company shareholders ComprehensiveIncomeNetOfTax $760.00M USD 1 Quarter

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

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