10-K Filing

Veralto Corp CIK: 1967680 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001967680-24-000033`
Period End Date	20231231
Filing Date	20240228
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	vlto-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 45 Cash Flow Statement 90 Stockholders Equity 12 Comprehensive Income 18

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$36.00M	USD	Point-in-time
Trade accounts receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00M	USD	Point-in-time
Preferred stock, no par value (in usd pershare)	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Preferred stock, no par value (in usd pershare)	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$762.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $36 as of December 31, 2023 and $34 as of December 31, 2022	`AccountsReceivableNetCurrent`	$826.00M	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $36 as of December 31, 2023 and $34 as of December 31, 2022	`AccountsReceivableNetCurrent`	$816.00M	USD	Point-in-time
Inventories	`InventoryNet`	$345.00M	USD	Point-in-time
Inventories	`InventoryNet`	$297.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$188.00M	USD	Point-in-time
Common stock par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$119.00M	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$262.00M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	246.40M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$247.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$260.00M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	246.30M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	246.40M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$398.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$343.00M	USD	Point-in-time
Goodwill	`Goodwill`	$2.48B	USD	Point-in-time
Goodwill	`Goodwill`	$2.50B	USD	Point-in-time
Goodwill	`Goodwill`	$2.53B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$427.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$479.00M	USD	Point-in-time
Total assets	`Assets`	$5.69B	USD	Point-in-time
Total assets	`Assets`	$4.83B	USD	Point-in-time
Total assets	`Assets`	$4.84B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$440.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$431.00M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$834.00M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$683.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$462.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$410.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.63B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Preferred stock, $0.01 par value, as of December 31, 2023 and December 31, 2022, 15 million and 100 shares authorized, respectively; and 0 shares issued and outstanding as of both dates	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, as of December 31, 2023 and December 31, 2022, 15 million and 100 shares authorized, respectively; and 0 shares issued and outstanding as of both dates	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value, as of December 31, 2023 and December 31, 2022, 1.0 billion shares and 100 shares authorized, respectively; and 246.4 million shares and 100 shares issued and outstanding, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value, as of December 31, 2023 and December 31, 2022, 1.0 billion shares and 100 shares authorized, respectively; and 246.4 million shares and 100 shares issued and outstanding, respectively	`CommonStockValue`	$2.00M	USD	Point-in-time
Net Former Parent investment	`NetParentInvestment`	-	USD	Point-in-time
Net Former Parent investment	`NetParentInvestment`	$4.19B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$178.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-954.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-954.00M	USD	Point-in-time
Total Veralto equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total Veralto equity	`StockholdersEquity`	$3.23B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$6.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$5.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.83B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.69B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.70B	USD	Annual
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.87B	USD	Annual
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.02B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$2.12B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$1.99B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$2.11B	USD	Annual
Gross profit	`GrossProfit`	$2.71B	USD	Annual
Gross profit	`GrossProfit`	$2.90B	USD	Annual
Gross profit	`GrossProfit`	$2.76B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.54B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.43B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.43B	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$225.00M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$217.00M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$244.00M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.11B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.04B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.14B	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-14.00M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$6.00M	USD	Annual
Interest expense, net	`InterestExpense`	$30.00M	USD	Annual
Interest expense, net	`InterestExpense`	-	USD	Annual
Interest expense, net	`InterestExpense`	-	USD	Annual
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.05B	USD	Annual
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.11B	USD	Annual
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.10B	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$268.00M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$186.00M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$257.00M	USD	Annual
Net earnings	`NetIncomeLoss`	$861.00M	USD	Annual
Net earnings	`NetIncomeLoss`	$839.00M	USD	Annual
Net earnings	`NetIncomeLoss`	$845.00M	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$3.50	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$3.41	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$3.43	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.50	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.40	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.43	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	246.30M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	246.40M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	246.30M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	246.30M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	246.30M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	246.80M	shares	Annual

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net earnings for the year	`NetIncomeLoss`	$861.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$839.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$845.00M	USD	Annual
Depreciation	`Depreciation`	$44.00M	USD	Annual
Depreciation	`Depreciation`	$40.00M	USD	Annual
Depreciation	`Depreciation`	$39.00M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$50.00M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$62.00M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$48.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$55.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$41.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$34.00M	USD	Annual
Gain on product line disposition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$8.00M	USD	Annual
Gain on product line disposition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Gain on product line disposition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Impairment of Equity Method Investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	Annual
Impairment of Equity Method Investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$15.00M	USD	Annual
Impairment of Equity Method Investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$25.00M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$44.00M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$11.00M	USD	Annual
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.00M	USD	Annual
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$14.00M	USD	Annual
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$88.00M	USD	Annual
Change in inventories	`IncreaseDecreaseInInventories`	$75.00M	USD	Annual
Change in inventories	`IncreaseDecreaseInInventories`	$38.00M	USD	Annual
Change in inventories	`IncreaseDecreaseInInventories`	$-52.00M	USD	Annual
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.00M	USD	Annual
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.00M	USD	Annual
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$65.00M	USD	Annual
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$54.00M	USD	Annual
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.00M	USD	Annual
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.00M	USD	Annual
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$46.00M	USD	Annual
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.00M	USD	Annual
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-41.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$896.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$870.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$963.00M	USD	Annual
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.00M	USD	Annual
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$60.00M	USD	Annual
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.00M	USD	Annual
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.00M	USD	Annual
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.00M	USD	Annual
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00M	USD	Annual
Proceeds from sale of product lines	`ProceedsFromSaleOfOtherProductiveAssets`	-	USD	Annual
Proceeds from sale of product lines	`ProceedsFromSaleOfOtherProductiveAssets`	-	USD	Annual
Proceeds from sale of product lines	`ProceedsFromSaleOfOtherProductiveAssets`	$26.00M	USD	Annual
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	Annual
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.00M	USD	Annual
Proceeds from the issuance of common stock in connection with stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.00M	USD	Annual
Proceeds from the issuance of common stock in connection with stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	Annual
Proceeds from the issuance of common stock in connection with stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	Annual
Net transfers to Former Parent	`ProceedsFromPaymentsToParent`	$-147.00M	USD	Annual
Net transfers to Former Parent	`ProceedsFromPaymentsToParent`	$-800.00M	USD	Annual
Net transfers to Former Parent	`ProceedsFromPaymentsToParent`	$-781.00M	USD	Annual
Consideration paid to Former Parent in connection with Separation	`PaymentToParentInConnectionWithDistributionTransaction`	$2.60B	USD	Annual
Consideration paid to Former Parent in connection with Separation	`PaymentToParentInConnectionWithDistributionTransaction`	-	USD	Annual
Consideration paid to Former Parent in connection with Separation	`PaymentToParentInConnectionWithDistributionTransaction`	$2.60B	USD	Point-in-time
Consideration paid to Former Parent in connection with Separation	`PaymentToParentInConnectionWithDistributionTransaction`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$2.61B	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	Annual
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-781.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-135.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-799.00M	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-11.00M	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Annual
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$762.00M	USD	Annual
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.00M	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.00M	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Net earnings for the year	`NetIncomeLoss`	$861.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$839.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$845.00M	USD	Annual
Recapitalization	`StockholdersEquityNoteSpinoffTransaction`	$-2.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-67.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Noncash adjustments to Former Parent's investment, net	`AdjustmentsToAdditionalPaidInCapitalOther`	$-2.11B	USD	Annual
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net earnings for the year	`NetIncomeLoss`	$861.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$839.00M	USD	Annual
Net earnings for the year	`NetIncomeLoss`	$845.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-88.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$29.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00M	USD	Annual
Pension and postretirement plan benefit adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-15.00M	USD	Annual
Pension and postretirement plan benefit adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00M	USD	Annual
Pension and postretirement plan benefit adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$15.00M	USD	Annual
Unrealized loss on net investment hedge	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossNetOfTaxAttributableToParent`	-	USD	Annual
Unrealized loss on net investment hedge	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossNetOfTaxAttributableToParent`	$-14.00M	USD	Annual
Unrealized loss on net investment hedge	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossNetOfTaxAttributableToParent`	-	USD	Annual
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-67.00M	USD	Annual
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.00M	USD	Annual
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$788.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$778.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$839.00M	USD	Annual

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