10-Q Filing

LAM RESEARCH CORP CIK: 707549 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000707549-19-000163`
Period End Date	20190930
Filing Date	20191029
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	lrcx10q1q2020document_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 28 Comprehensive Income 40

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.66B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.61B	USD	Point-in-time
Investments	`Investments`	$1.77B	USD	Point-in-time
Investments	`Investments`	$983.65M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5,226 as of September 29, 2019, and $5,021 as of June 30, 2019	`AccountsReceivableNetCurrent`	$1.64B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5,226 as of September 29, 2019, and $5,021 as of June 30, 2019	`AccountsReceivableNetCurrent`	$1.46B	USD	Point-in-time
Inventories	`InventoryNet`	$1.48B	USD	Point-in-time
Inventories	`InventoryNet`	$1.54B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$133.54M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$124.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.56B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.83B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.06B	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsNoncurrent`	$254.65M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsNoncurrent`	$255.18M	USD	Point-in-time
Goodwill	`Goodwill`	$1.48B	USD	Point-in-time
Goodwill	`Goodwill`	$1.48B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$216.95M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$206.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$425.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$533.42M	USD	Point-in-time
Total assets	`Assets`	$12.34B	USD	Point-in-time
Total assets	`Assets`	$12.00B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$415.81M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$376.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$990.03M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$946.64M	USD	Point-in-time
Deferred profit	`ContractWithCustomerLiabilityCurrent`	$381.32M	USD	Point-in-time
Deferred profit	`ContractWithCustomerLiabilityCurrent`	$406.68M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$667.13M	USD	Point-in-time
Current portion of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$645.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.46B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.37B	USD	Point-in-time
Long-term debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$3.82B	USD	Point-in-time
Long-term debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$3.79B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$856.89M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$892.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$261.89M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$190.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.36B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Temporary equity, convertible notes	`TemporaryEquityCarryingAmountAttributableToParent`	$49.44M	USD	Point-in-time
Temporary equity, convertible notes	`TemporaryEquityCarryingAmountAttributableToParent`	$42.55M	USD	Point-in-time
Preferred stock, at par value of $0.001 per share; authorized, 5,000 shares, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, at par value of $0.001 per share; authorized, 5,000 shares, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, at par value of $0.001 per share; authorized, 400,000 shares; issued and outstanding, 144,871 shares at September 29, 2019, and 144,433 shares at June 30, 2019	`CommonStockValue`	$145.00K	USD	Point-in-time
Common stock, at par value of $0.001 per share; authorized, 400,000 shares; issued and outstanding, 144,871 shares at September 29, 2019, and 144,433 shares at June 30, 2019	`CommonStockValue`	$144.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.41B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.46B	USD	Point-in-time
Treasury stock, at cost; 140,970 shares at September 29, 2019, and 140,573 shares at June 30, 2019	`TreasuryStockValue`	$11.60B	USD	Point-in-time
Treasury stock, at cost; 140,970 shares at September 29, 2019, and 140,573 shares at June 30, 2019	`TreasuryStockValue`	$11.68B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-64.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-72.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.93B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.32B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.34B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.00B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.33B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.17B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.27B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.18B	USD	1 Quarter
Gross margin	`GrossProfit`	$1.06B	USD	1 Quarter
Gross margin	`GrossProfit`	$981.71M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$291.67M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$286.83M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$157.43M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$174.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$466.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$444.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$591.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$537.46M	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$12.73M	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$377.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$524.73M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$591.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$58.01M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$58.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$533.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$465.79M	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$3.43	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$3.22	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$3.09	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$3.23	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	144.67M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	155.66M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.33M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	150.68M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$533.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$465.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$79.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-83.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.99M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$42.91M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$50.34M	USD	1 Quarter
Amortization of note discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.25M	USD	1 Quarter
Amortization of note discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.68M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-4.03M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.19M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$112.02M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-136.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$464.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$720.29M	USD	1 Quarter
Capital expenditures and intangible assets	`PaymentsToAcquireProductiveAssets`	$39.26M	USD	1 Quarter
Capital expenditures and intangible assets	`PaymentsToAcquireProductiveAssets`	$56.10M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$147.63M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$749.83M	USD	1 Quarter
Maturities of available-for-sales securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$600.35M	USD	1 Quarter
Maturities of available-for-sales securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$70.22M	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$337.76M	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$67.03M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.65M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$540.00K	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-672.33M	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$750.68M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$28.96M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$79.83M	USD	1 Quarter
Net repayments of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-86.00K	USD	1 Quarter
Net repayments of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	1 Quarter
Treasury stock purchases	`PaymentsForRepurchaseOfCommonStock`	$1.74B	USD	1 Quarter
Treasury stock purchases	`PaymentsForRepurchaseOfCommonStock`	$78.13M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$174.37M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$158.87M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.87M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.99B	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-262.10M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.31M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.19M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.94B	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$948.44M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.91B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.77B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.86B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.91B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.77B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.86B	USD	Point-in-time
Accrued payables for stock repurchases	`LiabilitiesAssumed1`	$13.00K	USD	1 Quarter
Accrued payables for stock repurchases	`LiabilitiesAssumed1`	$162.00K	USD	1 Quarter
Accrued payables for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$36.61M	USD	1 Quarter
Accrued payables for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$30.33M	USD	1 Quarter
Transfers of inventory to property and equipment, net	`TransferOfInventoryToPropertyAndEquipmentNet`	$14.00M	USD	1 Quarter
Transfers of inventory to property and equipment, net	`TransferOfInventoryToPropertyAndEquipmentNet`	$25.61M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.91B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.77B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.86B	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.10	USD	1 Quarter
Dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.15	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$4.94B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.67B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.50B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.32B	USD	Point-in-time
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$3.87M	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$78.12M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.74B	USD	1 Quarter
Equity-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.34M	USD	1 Quarter
Equity-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.91M	USD	1 Quarter
Effect of conversion of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$-6.57M	USD	1 Quarter
Effect of conversion of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$-19.11M	USD	1 Quarter
Exercise of warrants	`AdjustmentstoAdditionalPaidinCapitalExerciseOfWarrants`	$-8.00K	USD	1 Quarter
Reclassification from temporary to permanent equity	`ReclassificationsOfTemporaryEquityToPermanentEquityConvertibleNotes`	$19.38M	USD	1 Quarter
Reclassification from temporary to permanent equity	`ReclassificationsOfTemporaryEquityToPermanentEquityConvertibleNotes`	$6.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$533.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$465.79M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-8.53M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-280.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossExcludingReclassificationfromAOCItoRetainedEarningsNetofTax`	$1.95M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$166.72M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$167.91M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$4.94B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.67B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.50B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.32B	USD	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$533.36M	USD	1 Quarter
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.02M	USD	Point-in-time
Net income	`NetIncomeLoss`	$465.79M	USD	1 Quarter
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.23M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.26M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.70M	USD	1 Quarter
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	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 (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net unrealized (losses) gains during the period	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-691.00K	USD	1 Quarter
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Net unrealized (losses) gains during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.87M	USD	1 Quarter
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	144.87M	shares	Point-in-time
Net losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-1.35M	USD	1 Quarter
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	144.43M	shares	Point-in-time
Net losses reclassified into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-1.15M	USD	1 Quarter
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	144.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	144.87M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	140.57M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	140.97M	shares	Point-in-time
Net change	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$659.00K	USD	1 Quarter
Net change	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$8.01M	USD	1 Quarter
Net unrealized losses during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-287.00K	USD	1 Quarter
Net unrealized losses during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.00M	USD	1 Quarter
Net losses (gains) reclassified into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-390.00K	USD	1 Quarter
Net losses (gains) reclassified into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$3.00K	USD	1 Quarter
Net change	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-290.00K	USD	1 Quarter
Net change	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-610.00K	USD	1 Quarter
Defined benefit plans, net change in unrealized component	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-1.74M	USD	1 Quarter
Defined benefit plans, net change in unrealized component	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$119.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-8.53M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-280.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$533.08M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$457.26M	USD	1 Quarter

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