10-Q Filing

ZEBRA TECHNOLOGIES CORP CIK: 877212 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000877212-22-000059`
Period End Date	20220331
Filing Date	20220503
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	zbra-20220402_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 36 Cash Flow Statement 69 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$332.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$177.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 2, 2022 and December 31, 2021	`AccountsReceivableNetCurrent`	$808.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 2, 2022 and December 31, 2021	`AccountsReceivableNetCurrent`	$752.00M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$491.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$469.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$14.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.15M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.15M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$137.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.00M	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$1.69B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	18.74M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.37M	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$1.57B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$271.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$272.00M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$133.00M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$131.00M	USD	Point-in-time
Goodwill	`Goodwill`	$3.27B	USD	Point-in-time
Goodwill	`Goodwill`	$3.27B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$437.00M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$469.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$192.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$226.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$197.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$227.00M	USD	Point-in-time
Total Assets	`Assets`	$6.13B	USD	Point-in-time
Total Assets	`Assets`	$6.21B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$183.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$69.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$700.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$691.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$459.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$639.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$397.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$380.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$69.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.00M	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.80B	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$1.80B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$922.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$913.00M	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$121.00M	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$122.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$6.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.00M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$318.00M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$315.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.23B	USD	Point-in-time
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares	`CommonStockValue`	$1.00M	USD	Point-in-time
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$487.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$462.00M	USD	Point-in-time
Treasury stock at cost, 19,367,014 and 18,736,582 shares as of April 2, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.02B	USD	Point-in-time
Treasury stock at cost, 19,367,014 and 18,736,582 shares as of April 2, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.33B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.57B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.91B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.14B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.41B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.98B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$6.21B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$6.13B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.35B	USD	1 Quarter
Total Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.43B	USD	1 Quarter
Total Cost of sales	`CostOfGoodsAndServicesSold`	$795.00M	USD	1 Quarter
Total Cost of sales	`CostOfGoodsAndServicesSold`	$692.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$655.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$637.00M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$134.00M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$152.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$137.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$140.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$82.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$99.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$33.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$26.00M	USD	1 Quarter
Acquisition and integration costs	`BusinessCombinationAcquisitionRelatedCosts`	$4.00M	USD	1 Quarter
Acquisition and integration costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.00M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$425.00M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$383.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$272.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$212.00M	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$8.00M	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.00M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$30.00M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Total Other income, net	`NonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Total Other income, net	`NonoperatingIncomeExpense`	$38.00M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$250.00M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$276.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$45.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.00M	USD	1 Quarter
Basic earnings per share (in USD per share)	`EarningsPerShareBasic`	$3.86	USD	1 Quarter
Basic earnings per share (in USD per share)	`EarningsPerShareBasic`	$4.26	USD	1 Quarter
Diluted earnings per share (in USD per share)	`EarningsPerShareDiluted`	$4.22	USD	1 Quarter
Diluted earnings per share (in USD per share)	`EarningsPerShareDiluted`	$3.83	USD	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$52.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$17.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$16.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-37.00M	USD	1 Quarter
Unrealized gain on forward interest rate swaps	`UnrealizedGainLossOnDerivatives`	$38.00M	USD	1 Quarter
Unrealized gain on forward interest rate swaps	`UnrealizedGainLossOnDerivatives`	$12.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$15.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$56.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$17.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-22.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$19.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-143.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-47.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$18.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$50.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$28.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$51.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$224.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.00M	USD	1 Quarter
Purchases of long-term investments	`PaymentsToAcquireLongtermInvestments`	$13.00M	USD	1 Quarter
Purchases of long-term investments	`PaymentsToAcquireLongtermInvestments`	$5.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$156.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$130.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$305.00M	USD	1 Quarter
Net proceeds (payments) related to share-based compensation plans	`PaymentTaxWithholdingShareBasedPaymentArrangementNetOfProceedsFromShareBasedPaymentAwards`	$-5.00M	USD	1 Quarter
Net proceeds (payments) related to share-based compensation plans	`PaymentTaxWithholdingShareBasedPaymentArrangementNetOfProceedsFromShareBasedPaymentAwards`	$6.00M	USD	1 Quarter
Change in unremitted cash collections from servicing factored receivables	`ProceedsFromPaymentsForServicingFactoredReceivablesUnremittedCashCollections`	$-19.00M	USD	1 Quarter
Change in unremitted cash collections from servicing factored receivables	`ProceedsFromPaymentsForServicingFactoredReceivablesUnremittedCashCollections`	$-25.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-181.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-220.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-187.00M	USD	1 Quarter
Cash and cash equivalents, including restricted cash, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$344.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$344.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Cash and cash equivalents, including restricted cash, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.00M	USD	Point-in-time
Less restricted cash, included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalents`	$33.00M	USD	Point-in-time
Less restricted cash, included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalents`	$16.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$141.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$332.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$177.00M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$29.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$22.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$8.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.00M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.41B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.98B	USD	Point-in-time
Issuances of treasury shares related to share-based compensation plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$6.00M	USD	1 Quarter
Issuances of treasury shares related to share-based compensation plans, net of forfeitures	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-6.00M	USD	1 Quarter
Shares withheld to fund withholding tax obligations related to share-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Shares withheld to fund withholding tax obligations related to share-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.00M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$305.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.00M	USD	1 Quarter
Changes in unrealized gains and losses on forward interest rate swap hedging transactions	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$5.00M	USD	1 Quarter
Changes in unrealized gains and losses on forward interest rate swap hedging transactions	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$32.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.91B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.41B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.98B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$205.00M	USD	1 Quarter
Changes in unrealized gains on anticipated sales hedging transactions	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax`	$-32.00M	USD	1 Quarter
Changes in unrealized gains on anticipated sales hedging transactions	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax`	$-5.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$257.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$205.00M	USD	1 Quarter

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