10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-027500 |
| Period End Date | 20180930 |
| Filing Date | 20181106 |
| Fiscal Year | 2018 |
| Fiscal Period | Q3 |
| XBRL Instance | ck0001735707-20180930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$197.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$187.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$300.00M | USD | Point-in-time |
| Accounts, notes and other receivables net (Note 6) |
AccountsAndOtherReceivablesNetCurrent
|
$762.00M | USD | Point-in-time |
| Accounts, notes and other receivables net (Note 6) |
AccountsAndOtherReceivablesNetCurrent
|
$745.00M | USD | Point-in-time |
| Inventories net (Note 7) |
InventoryNet
|
$188.00M | USD | Point-in-time |
| Inventories net (Note 7) |
InventoryNet
|
$183.00M | USD | Point-in-time |
| Due from related parties, current (Note 3) |
DueFromRelatedPartiesCurrent
|
$530.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$43.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$321.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.08B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.19B | USD | Point-in-time |
| Due from related parties, non-current (Note 3) |
DueFromRelatedPartiesNoncurrent
|
$23.00M | USD | Point-in-time |
| Investments and long-term receivables |
LongTermInvestmentsAndReceivablesNet
|
$38.00M | USD | Point-in-time |
| Investments and long-term receivables |
LongTermInvestmentsAndReceivablesNet
|
$37.00M | USD | Point-in-time |
| Property, plant and equipment net |
PropertyPlantAndEquipmentNet
|
$442.00M | USD | Point-in-time |
| Property, plant and equipment net |
PropertyPlantAndEquipmentNet
|
$422.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$193.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$193.00M | USD | Point-in-time |
| Insurance recoveries for asbestos related liabilities (Note 12) |
LossContingencyReceivableNoncurrent
|
$162.00M | USD | Point-in-time |
| Insurance recoveries for asbestos related liabilities (Note 12) |
LossContingencyReceivableNoncurrent
|
$174.00M | USD | Point-in-time |
| Deferred income taxes (Note 5) |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$41.00M | USD | Point-in-time |
| Deferred income taxes (Note 5) |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$228.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$63.00M | USD | Point-in-time |
| Total assets |
Assets
|
$3.00B | USD | Point-in-time |
| Total assets |
Assets
|
$2.29B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$828.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$860.00M | USD | Point-in-time |
| Due to related parties, current (Note 3) |
DueToRelatedPartiesCurrent
|
$98.00M | USD | Point-in-time |
| Due to related parties, current (Note 3) |
DueToRelatedPartiesCurrent
|
$1.12B | USD | Point-in-time |
| Current maturities of long-term debt (Note 9) |
LongTermDebtCurrent
|
$28.00M | USD | Point-in-time |
| Accrued liabilities (Note 8) |
AccruedLiabilitiesCurrent
|
$504.00M | USD | Point-in-time |
| Accrued liabilities (Note 8) |
AccruedLiabilitiesCurrent
|
$571.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.46B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.55B | USD | Point-in-time |
| Long-term debt (Note 9) |
LongTermDebtNoncurrent
|
$1.58B | USD | Point-in-time |
| Deferred income taxes (Note 5) |
DeferredTaxLiabilitiesNoncurrent
|
$956.00M | USD | Point-in-time |
| Deferred income taxes (Note 5) |
DeferredTaxLiabilitiesNoncurrent
|
$22.00M | USD | Point-in-time |
| Asbestos related liabilities (Note 12) |
LossContingencyAccrualCarryingValueNoncurrent
|
$1.53B | USD | Point-in-time |
| Asbestos related liabilities (Note 12) |
LossContingencyAccrualCarryingValueNoncurrent
|
$1.52B | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$173.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$161.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.75B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.19B | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Invested deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.46B | USD | Point-in-time |
| Invested deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.43B | USD | Point-in-time |
| Accumulated other comprehensive income (Note 11) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$238.00M | USD | Point-in-time |
| Accumulated other comprehensive income (Note 11) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$8.00M | USD | Point-in-time |
| Total deficit |
StockholdersEquity
|
$-2.46B | USD | Point-in-time |
| Total deficit |
StockholdersEquity
|
$-2.19B | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$3.00B | USD | Point-in-time |
| Total liabilities and deficit |
LiabilitiesAndStockholdersEquity
|
$2.29B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales (Note 4) |
Revenues
|
$745.00M | USD | 1 Quarter |
| Net sales (Note 4) |
Revenues
|
$2.58B | USD | 3 Qtrs |
| Net sales (Note 4) |
Revenues
|
$784.00M | USD | 1 Quarter |
| Net sales (Note 4) |
Revenues
|
$2.29B | USD | 3 Qtrs |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$1.73B | USD | 3 Qtrs |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$1.97B | USD | 3 Qtrs |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$568.00M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$606.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$604.00M | USD | 3 Qtrs |
| Gross profit |
GrossProfit
|
$177.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$178.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$562.00M | USD | 3 Qtrs |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$61.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$186.00M | USD | 3 Qtrs |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$180.00M | USD | 3 Qtrs |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$60.00M | USD | 1 Quarter |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-129.00M | USD | 3 Qtrs |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-43.00M | USD | 1 Quarter |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-132.00M | USD | 3 Qtrs |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-51.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.00M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$1.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$3.00M | USD | 3 Qtrs |
| Non-operating (income) expense |
NonoperatingIncomeExpense
|
$10.00M | USD | 3 Qtrs |
| Non-operating (income) expense |
NonoperatingIncomeExpense
|
$3.00M | USD | 1 Quarter |
| Non-operating (income) expense |
NonoperatingIncomeExpense
|
$14.00M | USD | 3 Qtrs |
| Non-operating (income) expense |
NonoperatingIncomeExpense
|
$7.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$74.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$262.00M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$73.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$293.00M | USD | 3 Qtrs |
| Tax expense (benefit) (Note 5) |
IncomeTaxExpenseBenefit
|
$-844.00M | USD | 3 Qtrs |
| Tax expense (benefit) (Note 5) |
IncomeTaxExpenseBenefit
|
$-856.00M | USD | 1 Quarter |
| Tax expense (benefit) (Note 5) |
IncomeTaxExpenseBenefit
|
$25.00M | USD | 3 Qtrs |
| Tax expense (benefit) (Note 5) |
IncomeTaxExpenseBenefit
|
$17.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.14B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$57.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$237.00M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$929.00M | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$1.14B | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$237.00M | USD | 3 Qtrs |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-908.00M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$47.00M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$53.00M | USD | 3 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$21.00M | USD | 3 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-10.00M | USD | 3 Qtrs |
| Stock compensation expense |
ShareBasedCompensation
|
$12.00M | USD | 3 Qtrs |
| Stock compensation expense |
ShareBasedCompensation
|
$16.00M | USD | 3 Qtrs |
| Pension expense |
PensionExpenseReversalOfExpenseNoncash
|
$7.00M | USD | 3 Qtrs |
| Pension expense |
PensionExpenseReversalOfExpenseNoncash
|
$7.00M | USD | 3 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$-6.00M | USD | 3 Qtrs |
| Other |
OtherNoncashIncomeExpense
|
$2.00M | USD | 3 Qtrs |
| Accounts, notes and other receivables |
IncreaseDecreaseInAccountsNotesAndOtherReceivables
|
$34.00M | USD | 3 Qtrs |
| Accounts, notes and other receivables |
IncreaseDecreaseInAccountsNotesAndOtherReceivables
|
$42.00M | USD | 3 Qtrs |
| Receivables from related parties |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-57.00M | USD | 3 Qtrs |
| Receivables from related parties |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-3.00M | USD | 3 Qtrs |
| Inventories |
IncreaseDecreaseInInventories
|
$7.00M | USD | 3 Qtrs |
| Inventories |
IncreaseDecreaseInInventories
|
$37.00M | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.00M | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-8.00M | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-6.00M | USD | 3 Qtrs |
| Payables to related parties |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-6.00M | USD | 3 Qtrs |
| Payables to related parties |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-50.00M | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-57.00M | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$42.00M | USD | 3 Qtrs |
| Asbestos related liabilities |
IncreaseDecreaseInAsbestosRelatedLiabilities
|
$-5.00M | USD | 3 Qtrs |
| Asbestos related liabilities |
IncreaseDecreaseInAsbestosRelatedLiabilities
|
$1.00M | USD | 3 Qtrs |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$25.00M | USD | 3 Qtrs |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-1.00M | USD | 3 Qtrs |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$234.00M | USD | 3 Qtrs |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$240.00M | USD | 3 Qtrs |
| Expenditures for property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$56.00M | USD | 3 Qtrs |
| Expenditures for property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$66.00M | USD | 3 Qtrs |
| Proceeds from related party notes receivables |
ProceedsFromSaleAndCollectionOfReceivables
|
$67.00M | USD | 3 Qtrs |
| Increase in marketable securities |
PaymentsToAcquireMarketableSecurities
|
$540.00M | USD | 3 Qtrs |
| Increase in marketable securities |
PaymentsToAcquireMarketableSecurities
|
$21.00M | USD | 3 Qtrs |
| Decrease in marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$531.00M | USD | 3 Qtrs |
| Decrease in marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$312.00M | USD | 3 Qtrs |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-3.00M | USD | 3 Qtrs |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$225.00M | USD | 3 Qtrs |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$5.00M | USD | 3 Qtrs |
| Net increase (decrease) in Invested deficit |
ProceedsFromRepaymentsOfNetIncreaseDecreaseInInvestedDeficit
|
$-1.49B | USD | 3 Qtrs |
| Net increase (decrease) in Invested deficit |
ProceedsFromRepaymentsOfNetIncreaseDecreaseInInvestedDeficit
|
$-251.00M | USD | 3 Qtrs |
| Proceeds from issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$1.63B | USD | 3 Qtrs |
| Proceeds related to related party notes payable |
ProceedsFromRelatedPartyDebt
|
$327.00M | USD | 3 Qtrs |
| Payments related to related party notes payable |
RepaymentsOfRelatedPartyDebt
|
$326.00M | USD | 3 Qtrs |
| Payments related to related party notes payable |
RepaymentsOfRelatedPartyDebt
|
$493.00M | USD | 3 Qtrs |
| Net change related to cash pooling and short-term notes |
ProceedsFromRepaymentsOfNetChangeRelatedToCashPoolingAndShortTermNotes
|
$-201.00M | USD | 3 Qtrs |
| Net change related to cash pooling and short-term notes |
ProceedsFromRepaymentsOfNetChangeRelatedToCashPoolingAndShortTermNotes
|
$69.00M | USD | 3 Qtrs |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-181.00M | USD | 3 Qtrs |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-556.00M | USD | 3 Qtrs |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$10.00M | USD | 3 Qtrs |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-12.00M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$68.00M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-103.00M | USD | 3 Qtrs |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$197.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$187.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$300.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$197.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$187.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$300.00M | USD | Point-in-time |
Comprehensive Income
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.14B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$57.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$237.00M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$929.00M | USD | 1 Quarter |
| Foreign exchange translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-3.00M | USD | 1 Quarter |
| Foreign exchange translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$46.00M | USD | 3 Qtrs |
| Foreign exchange translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-251.00M | USD | 3 Qtrs |
| Foreign exchange translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$1.00M | USD | 1 Quarter |
| Changes in fair value of effective cash flow hedges, net of tax (Note 10) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-14.00M | USD | 1 Quarter |
| Changes in fair value of effective cash flow hedges, net of tax (Note 10) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-65.00M | USD | 3 Qtrs |
| Changes in fair value of effective cash flow hedges, net of tax (Note 10) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$24.00M | USD | 3 Qtrs |
| Changes in fair value of effective cash flow hedges, net of tax (Note 10) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$5.00M | USD | 1 Quarter |
| Changes in currency basis reserve (Note 10) |
OtherComprehensiveIncomeLossChangesInCurrencyBasisReserve
|
$-3.00M | USD | 1 Quarter |
| Changes in currency basis reserve (Note 10) |
OtherComprehensiveIncomeLossChangesInCurrencyBasisReserve
|
$-3.00M | USD | 3 Qtrs |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-13.00M | USD | 1 Quarter |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-230.00M | USD | 3 Qtrs |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-19.00M | USD | 3 Qtrs |
| Total other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-1.00M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$218.00M | USD | 3 Qtrs |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$928.00M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$907.00M | USD | 3 Qtrs |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$44.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.