10-Q Filing

NVENT ELECTRIC PLC CIK: 1720635 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001720635-18-000024`
Period End Date	20180930
Filing Date	20181025
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	nvt-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 76 Cash Flow Statement 70 Stockholders Equity 23

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts and notes receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.40M	USD	Point-in-time
Accounts and notes receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.20M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Ordinary shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.00M	USD	Point-in-time
Accounts and notes receivable, net of allowances of $6.2 and $8.4, respectively	`AccountsAndNotesReceivableNet`	$349.30M	USD	Point-in-time
Accounts and notes receivable, net of allowances of $6.2 and $8.4, respectively	`AccountsAndNotesReceivableNet`	$365.50M	USD	Point-in-time
Ordinary shares issued (in shares)	`CommonStockSharesIssued`	179.40M	shares	Point-in-time
Inventories	`InventoryNet`	$224.10M	USD	Point-in-time
Inventories	`InventoryNet`	$237.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$126.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$132.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$835.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$732.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$265.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$264.00M	USD	Point-in-time
Goodwill	`Goodwill`	$2.24B	USD	Point-in-time
Goodwill	`Goodwill`	$2.24B	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.19B	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.24B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$251.80M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$56.20M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$3.73B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$3.48B	USD	Point-in-time
Total assets	`Assets`	$4.72B	USD	Point-in-time
Total assets	`Assets`	$4.58B	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrent`	-	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrent`	$11.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.90M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$75.50M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$74.00M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$141.30M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$198.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$390.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$425.30M	USD	Point-in-time
Long-term debt	`LongTermDebt`	-	USD	Point-in-time
Long-term debt	`LongTermDebt`	$932.70M	USD	Point-in-time
Pension and other post-retirement compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$176.70M	USD	Point-in-time
Pension and other post-retirement compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$179.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$279.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$255.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$86.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$74.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$933.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.87B	USD	Point-in-time
Net Parent investment	`NetParentInvestment`	$3.85B	USD	Point-in-time
Ordinary shares $0.01 par value, 400.0 authorized, 179.0 issued at September 30, 2018	`CommonStockValueOutstanding`	$1.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.76B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-91.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.76B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.72B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.58B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$540.60M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$563.90M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.65B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.56B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$320.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$988.10M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$927.50M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$334.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$628.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$220.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$657.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$229.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$110.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$124.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$399.10M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$339.40M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$33.70M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.40M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$11.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$99.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$93.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$256.70M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$224.60M	USD	3 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-400.00K	USD	3 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-11.70M	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-200.00K	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-21.60M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$900.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$1.40M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$4.20M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$7.20M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$98.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.80M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$252.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.90M	USD	1 Quarter
Net income	`ProfitLoss`	$205.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$68.20M	USD	1 Quarter
Net income	`ProfitLoss`	$163.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$79.70M	USD	1 Quarter
Net income	`ProfitLoss`	$205.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$68.20M	USD	1 Quarter
Net income	`ProfitLoss`	$163.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$79.70M	USD	1 Quarter
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.90M	USD	3 Qtrs
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.30M	USD	1 Quarter
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.80M	USD	1 Quarter
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-33.20M	USD	3 Qtrs
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$500.00K	USD	3 Qtrs
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-1.20M	USD	3 Qtrs
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$500.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$129.40M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$202.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.00M	USD	1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.38	USD	1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.92	USD	3 Qtrs
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$1.15	USD	3 Qtrs
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.45	USD	1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.90	USD	3 Qtrs
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.44	USD	1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$1.14	USD	3 Qtrs
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.38	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.00M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.30M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	178.80M	shares	3 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.00M	shares	3 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.20M	shares	3 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.50M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.20M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.10M	shares	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$205.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$68.20M	USD	1 Quarter
Net income	`ProfitLoss`	$163.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$79.70M	USD	1 Quarter
Depreciation	`Depreciation`	$27.60M	USD	3 Qtrs
Depreciation	`Depreciation`	$27.30M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$15.40M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$15.20M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$46.00M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$45.80M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.90M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.30M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$11.40M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$9.30M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsReceivable`	$33.60M	USD	3 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsReceivable`	$21.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$18.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.40M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$8.20M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$17.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-28.10M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$1.30M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$4.00M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$57.80M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$30.00M	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-34.20M	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$17.10M	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$298.40M	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.60M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.50M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.10M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.90M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.30M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.60M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.00M	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.80M	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.20M	USD	3 Qtrs
Net repayments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-300.00K	USD	3 Qtrs
Net repayments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.00B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$50.00M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.90M	USD	3 Qtrs
Cash provided at separation to Parent	`CashDivestedFromDeconsolidation`	-	USD	3 Qtrs
Cash provided at separation to Parent	`CashDivestedFromDeconsolidation`	$993.60M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$31.40M	USD	3 Qtrs
Net transfers to Parent prior to separation	`TransfersToParentNet`	-	USD	3 Qtrs
Net transfers to Parent prior to separation	`TransfersToParentNet`	$241.70M	USD	3 Qtrs
Shares issued to employees, net of shares withheld	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$10.10M	USD	3 Qtrs
Shares issued to employees, net of shares withheld	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.10M	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-241.70M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-16.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-200.00K	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.70M	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$79.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$106.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$106.00M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.76B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Net income	`ProfitLoss`	$205.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$68.20M	USD	1 Quarter
Net income	`ProfitLoss`	$163.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$79.70M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	3 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-34.40M	USD	3 Qtrs
Net transfers from Parent	`StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent`	$74.70M	USD	3 Qtrs
Net transfers from Parent	`StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent`	$5.70M	USD	3 Qtrs
Cash provided at separation to Parent	`StockholdersEquityNoteSpinoffTransactionCashProvidedAtSeparationToParentCompany`	$993.60M	USD	3 Qtrs
Reclassification of Net Parent investment to additional paid-in capital	`AdjustmentstoAdditionalPaidinCapitalSpinoffTransaction`	-	USD	3 Qtrs
Issuance of common stock upon separation	`StockIssuedDuringPeriodValueNewIssues`	$1.80M	USD	3 Qtrs
Dividends, Common Stock	`DividendsCommonStock`	$62.80M	USD	3 Qtrs
Exercise of options, net of shares tendered for payment	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.20M	USD	3 Qtrs
Shares surrendered by employees to pay taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.10M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.40M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.76B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time

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