10-Q Filing

COHERENT CORP. CIK: 820318 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000820318-23-000009`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	iivi-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 56 Cash Flow Statement 98 Stockholders Equity 72 Comprehensive Income 32

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$901.03M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$2.58B	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$2.60B	USD	Point-in-time
Accounts receivable - less allowance for doubtful accounts of $8,344 at March 31, 2023 and $4,206 at June 30, 2022	`AccountsReceivableNetCurrent`	$924.37M	USD	Point-in-time
Accounts receivable - less allowance for doubtful accounts of $8,344 at March 31, 2023 and $4,206 at June 30, 2022	`AccountsReceivableNetCurrent`	$700.33M	USD	Point-in-time
Inventories	`InventoryNet`	$902.56M	USD	Point-in-time
Inventories	`InventoryNet`	$1.39B	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$19.59M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$26.24M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$160.91M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.34M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$100.35M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.31B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.41B	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.91B	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.36B	USD	Point-in-time
Goodwill	`Goodwill`	$1.29B	USD	Point-in-time
Goodwill	`Goodwill`	$4.51B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.95B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$635.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$34.17M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$31.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$306.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$223.58M	USD	Point-in-time
Total Assets	`Assets`	$7.84B	USD	Point-in-time
Total Assets	`Assets`	$14.12B	USD	Point-in-time
Common stock, no par value (in usd per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in usd per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$403.21M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	154.37M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$74.91M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	120.92M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$428.86M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	15.10M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$434.92M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	13.97M	shares	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$172.11M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$177.81M	USD	Point-in-time
Operating lease current liabilities	`OperatingLeaseLiabilityCurrent`	$27.57M	USD	Point-in-time
Operating lease current liabilities	`OperatingLeaseLiabilityCurrent`	$40.31M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$74.16M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$29.32M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$311.41M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$199.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.27B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.90B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.35B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$847.21M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$77.26M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$110.21M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$148.01M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$213.95M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$109.92M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.46B	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.67B	USD	Point-in-time
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 and 75,000 shares at March 31, 2023 and June 30, 2022, respectively; redemption value - $2,281,448 and $798,181, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$2.21B	USD	Point-in-time
Series B redeemable convertible preferred stock, no par value, 5% cumulative; issued - 215,000 and 75,000 shares at March 31, 2023 and June 30, 2022, respectively; redemption value - $2,281,448 and $798,181, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$766.80M	USD	Point-in-time
Series A preferred stock, no par value, 6% cumulative; issued - 2,300,000 shares at March 31, 2023 and June 30, 2022	`PreferredStockValue`	$445.32M	USD	Point-in-time
Series A preferred stock, no par value, 6% cumulative; issued - 2,300,000 shares at March 31, 2023 and June 30, 2022	`PreferredStockValue`	$445.32M	USD	Point-in-time
Common stock, no par value; authorized - 300,000,000 shares; issued - 154,369,985 shares at March 31, 2023; 120,923,171 shares at June 30, 2022	`CommonStockValue`	$3.76B	USD	Point-in-time
Common stock, no par value; authorized - 300,000,000 shares; issued - 154,369,985 shares at March 31, 2023; 120,923,171 shares at June 30, 2022	`CommonStockValue`	$2.06B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.17M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.35B	USD	Point-in-time
Shareholders' equity excluding treasury stock	`ShareholdersEquityExcludingTreasuryStock`	$3.86B	USD	Point-in-time
Shareholders' equity excluding treasury stock	`ShareholdersEquityExcludingTreasuryStock`	$5.53B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	15.10M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	13.97M	shares	Point-in-time
Treasury stock, at cost; 15,098,467 shares at March 31, 2023 and 13,972,758 shares at June 30, 2022	`TreasuryStockValue`	$291.07M	USD	Point-in-time
Treasury stock, at cost; 15,098,467 shares at March 31, 2023 and 13,972,758 shares at June 30, 2022	`TreasuryStockValue`	$239.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.62B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.24B	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.12B	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.84B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$827.72M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.43B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.24B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.96B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.68B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.49B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$820.04M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$506.05M	USD	1 Quarter
Internal research and development	`ResearchAndDevelopmentExpense`	$376.26M	USD	3 Qtrs
Internal research and development	`ResearchAndDevelopmentExpense`	$281.19M	USD	3 Qtrs
Internal research and development	`ResearchAndDevelopmentExpense`	$96.89M	USD	1 Quarter
Internal research and development	`ResearchAndDevelopmentExpense`	$126.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$226.39M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$358.23M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$780.55M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.01M	USD	1 Quarter
Interest expense	`InterestExpense`	$72.75M	USD	3 Qtrs
Interest expense	`InterestExpense`	$207.98M	USD	3 Qtrs
Interest expense	`InterestExpense`	$43.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$75.18M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-241.00K	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$3.05M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$5.54M	USD	3 Qtrs
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-32.25M	USD	3 Qtrs
Total Costs, Expenses, & Other Expense	`CostsAndExpenses`	$1.24B	USD	1 Quarter
Total Costs, Expenses, & Other Expense	`CostsAndExpenses`	$2.20B	USD	3 Qtrs
Total Costs, Expenses, & Other Expense	`CostsAndExpenses`	$764.70M	USD	1 Quarter
Total Costs, Expenses, & Other Expense	`CostsAndExpenses`	$4.08B	USD	3 Qtrs
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-122.12M	USD	3 Qtrs
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.75M	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.03M	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$232.82M	USD	3 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$14.03M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$41.70M	USD	3 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-7.29M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-40.90M	USD	3 Qtrs
Net Earnings (Loss)	`ProfitLoss`	$191.12M	USD	3 Qtrs
Net Earnings (Loss)	`ProfitLoss`	$49.00M	USD	1 Quarter
Net Earnings (Loss)	`ProfitLoss`	$2.55M	USD	1 Quarter
Net Earnings (Loss)	`ProfitLoss`	$-81.22M	USD	3 Qtrs
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$36.07M	USD	1 Quarter
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$17.15M	USD	1 Quarter
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$50.93M	USD	3 Qtrs
Less: Dividends on Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$107.54M	USD	3 Qtrs
Net Earnings (Loss) available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$140.19M	USD	3 Qtrs
Net Earnings (Loss) available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$31.85M	USD	1 Quarter
Net Earnings (Loss) available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-188.76M	USD	3 Qtrs
Net Earnings (Loss) available to the Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.52M	USD	1 Quarter
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$1.32	USD	3 Qtrs
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic Earning (Loss) Per Share (in usd per share)	`EarningsPerShareBasic`	$-1.38	USD	3 Qtrs
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$-1.38	USD	3 Qtrs
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted Earnings (Loss) Per Share (in usd per share)	`EarningsPerShareDiluted`	$1.22	USD	3 Qtrs

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$191.12M	USD	3 Qtrs
Net earnings (loss)	`ProfitLoss`	$49.00M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$2.55M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-81.22M	USD	3 Qtrs
Depreciation	`Depreciation`	$153.71M	USD	3 Qtrs
Depreciation	`Depreciation`	$197.47M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$59.82M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$280.67M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$57.42M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$123.67M	USD	3 Qtrs
Amortization of discount on convertible debt and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$12.16M	USD	3 Qtrs
Amortization of discount on convertible debt and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$13.69M	USD	3 Qtrs
Unrealized losses (gains) on foreign currency remeasurements and transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$912.00K	USD	3 Qtrs
Unrealized losses (gains) on foreign currency remeasurements and transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$945.00K	USD	3 Qtrs
Gain from equity investments	`IncomeLossFromEquityMethodInvestments`	$435.00K	USD	3 Qtrs
Gain from equity investments	`IncomeLossFromEquityMethodInvestments`	$1.64M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-121.28M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.92M	USD	3 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-6.83M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.89M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.76M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-75.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$184.07M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.06M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-78.98M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$24.47M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$13.18M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$19.96M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$18.48M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-54.89M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-40.03M	USD	3 Qtrs
Other operating net assets (liabilities)	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.28M	USD	3 Qtrs
Other operating net assets (liabilities)	`IncreaseDecreaseInOtherOperatingCapitalNet`	$37.91M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$452.49M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$276.01M	USD	3 Qtrs
Additions to property, plant & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$195.99M	USD	3 Qtrs
Additions to property, plant & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$343.00M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.49B	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.26M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.75M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.83B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-201.74M	USD	3 Qtrs
Proceeds from borrowings of Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings of Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$65.00M	USD	3 Qtrs
Proceeds from issuance of Series B Preferred Shares	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from issuance of Series B Preferred Shares	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.40B	USD	3 Qtrs
Proceeds from issuance of Senior Notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Proceeds from issuance of Senior Notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$990.00M	USD	3 Qtrs
Payments on Finisar Notes	`RepaymentsOfAssumedDebt`	$14.89M	USD	3 Qtrs
Payments on Finisar Notes	`RepaymentsOfAssumedDebt`	-	USD	3 Qtrs
Payments on borrowings under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	3 Qtrs
Payments on borrowings under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$65.00M	USD	3 Qtrs
Payments on convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	3 Qtrs
Payments on convertible notes	`RepaymentsOfConvertibleDebt`	$3.56M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$10.20M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$126.52M	USD	3 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$42.00M	USD	3 Qtrs
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$17.18M	USD	3 Qtrs
Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$21.51M	USD	3 Qtrs
Payments in satisfaction of employees' minimum tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$51.84M	USD	3 Qtrs
Payments in satisfaction of employees' minimum tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.95M	USD	3 Qtrs
Payment of dividends	`PaymentsOfOrdinaryDividends`	$27.61M	USD	3 Qtrs
Payment of dividends	`PaymentsOfOrdinaryDividends`	$20.70M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.72M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-866.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.68B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$891.28M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.87M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.53M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.68B	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.01B	USD	3 Qtrs
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.60B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.58B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$905.59M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.60B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.58B	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$905.59M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$190.67M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$24.16M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$63.48M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$34.76M	USD	3 Qtrs
Additions to property, plant & equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$71.48M	USD	3 Qtrs
Additions to property, plant & equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$45.42M	USD	3 Qtrs
Restricted cash	`RestrictedCash`	$21.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$901.03M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$2.58B	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$2.60B	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	-	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$4.56M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.60B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.58B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$905.59M	USD	Point-in-time

Stockholders Equity 72 line items

Line Item	Tag	Value	Unit	Period
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Beginning balance, Treasury Stock, (in shares)	`TreasuryStockCommonShares`	15.10M	shares	Point-in-time
Beginning balance, Treasury Stock, (in shares)	`TreasuryStockCommonShares`	13.97M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$5.01B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.41B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.24B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.63B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.46B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.54B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.62B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.18B	USD	Point-in-time
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-16.05M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-23.19M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-20.57M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-25.45M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-49.85M	USD	1 Quarter
Share-based and deferred compensation activities	`DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpenseBenefit`	$-17.63M	USD	1 Quarter
Coherent Acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$1.21B	USD	1 Quarter
Convertible debt conversions	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$337.94M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$67.66M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-45.07M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-81.22M	USD	3 Qtrs
Net Earnings (Loss)	`NetIncomeLoss`	$74.46M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$2.55M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$191.12M	USD	3 Qtrs
Net Earnings (Loss)	`NetIncomeLoss`	$-38.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$232.03M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-132.37M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.46M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.59M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.38M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$157.81M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$58.14M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$327.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-403.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-39.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	3 Qtrs
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.15M	USD	3 Qtrs
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-709.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Dividends	`Dividends`	$35.58M	USD	1 Quarter
Dividends	`Dividends`	$16.81M	USD	1 Quarter
Dividends	`Dividends`	$36.07M	USD	1 Quarter
Dividends	`Dividends`	$17.15M	USD	1 Quarter
Dividends	`Dividends`	$17.08M	USD	1 Quarter
Dividends	`Dividends`	$35.93M	USD	1 Quarter
Ending balance, Treasury Stock (in shares)	`TreasuryStockCommonShares`	15.10M	shares	Point-in-time
Ending balance, Treasury Stock (in shares)	`TreasuryStockCommonShares`	13.97M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$5.01B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.41B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.24B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.63B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.46B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.54B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.62B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.18B	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$2.21B	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$766.80M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$2.21B	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$766.80M	USD	Point-in-time
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`NetIncomeLoss`	$67.66M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-45.07M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-81.22M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$74.46M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$2.55M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$191.12M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$-38.70M	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	3 Qtrs
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Pension adjustment tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$232.03M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-132.37M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.46M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.59M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.38M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$157.81M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$58.14M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$327.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-403.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-39.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	3 Qtrs
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.15M	USD	3 Qtrs
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-709.00K	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$46.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$224.97M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$91.40M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$82.05M	USD	1 Quarter

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