10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001524472-21-000012 |
| Period End Date | 20210331 |
| Filing Date | 20210504 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | xyl-20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowances for discounts, returns and credit losses |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$38.00M | USD | Point-in-time |
| Allowances for discounts, returns and credit losses |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$46.00M | USD | Point-in-time |
| Common Stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common Stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$739.00M | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.88B | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$724.00M | USD | Point-in-time |
| Receivables, less allowances for discounts, returns and credit losses of $38 and $46 in 2021 and 2020, respectively |
AccountsReceivableNetCurrent
|
$952.00M | USD | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
195.20M | shares | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
194.90M | shares | Point-in-time |
| Receivables, less allowances for discounts, returns and credit losses of $38 and $46 in 2021 and 2020, respectively |
AccountsReceivableNetCurrent
|
$923.00M | USD | Point-in-time |
| Treasury Stock, shares |
TreasuryStockShares
|
15.20M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$596.00M | USD | Point-in-time |
| Treasury Stock, shares |
TreasuryStockShares
|
14.50M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$558.00M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$167.00M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$165.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.40B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.52B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$627.00M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$657.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.83B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.85B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.09B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.07B | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$623.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$611.00M | USD | Point-in-time |
| Total assets |
Assets
|
$8.54B | USD | Point-in-time |
| Total assets |
Assets
|
$8.75B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$569.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$530.00M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$787.00M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedLiabilitiesCurrent
|
$714.00M | USD | Point-in-time |
| Short-term borrowings and current maturities of long-term debt |
DebtCurrent
|
$600.00M | USD | Point-in-time |
| Short-term borrowings and current maturities of long-term debt |
DebtCurrent
|
$600.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.96B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.84B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.48B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.46B | USD | Point-in-time |
| Accrued post-retirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$519.00M | USD | Point-in-time |
| Accrued post-retirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$502.00M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$257.00M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$242.00M | USD | Point-in-time |
| Other non-current accrued liabilities |
OtherAccruedLiabilitiesNoncurrent
|
$573.00M | USD | Point-in-time |
| Other non-current accrued liabilities |
OtherAccruedLiabilitiesNoncurrent
|
$536.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.60B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.77B | USD | Point-in-time |
| Commitments and contingencies (Note 16) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 16) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common Stock |
CommonStockValue
|
$2.00M | USD | Point-in-time |
| Common Stock |
CommonStockValue
|
$2.00M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$2.05B | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$2.04B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.97B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.93B | USD | Point-in-time |
| Treasury stock at cost 15.2 shares and 14.5 shares in 2021 and 2020, respectively |
TreasuryStockValue
|
$655.00M | USD | Point-in-time |
| Treasury stock at cost 15.2 shares and 14.5 shares in 2021 and 2020, respectively |
TreasuryStockValue
|
$588.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-426.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-413.00M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.97B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.94B | USD | Point-in-time |
| Non-controlling interests |
MinorityInterest
|
$8.00M | USD | Point-in-time |
| Non-controlling interests |
MinorityInterest
|
$9.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.82B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.95B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.97B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.98B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$8.75B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$8.54B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$1.12B | USD | 1 Quarter |
| Revenues |
Revenues
|
$1.26B | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$766.00M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$714.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$409.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$490.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$297.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$301.00M | USD | 1 Quarter |
| Research and development expenses |
ResearchAndDevelopmentExpense
|
$50.00M | USD | 1 Quarter |
| Research and development expenses |
ResearchAndDevelopmentExpense
|
$49.00M | USD | 1 Quarter |
| Restructuring and asset impairment charges |
RestructuringAndAssetImpairmentLosses
|
$6.00M | USD | 1 Quarter |
| Restructuring and asset impairment charges |
RestructuringAndAssetImpairmentLosses
|
$2.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$61.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$133.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$21.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$16.00M | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$2.00M | USD | 1 Quarter |
| Other non-operating income (expense), net |
OtherNonoperatingIncomeExpense
|
$-3.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$114.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$42.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$27.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$4.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$38.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$87.00M | USD | 1 Quarter |
| Basic (usd per share) |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Basic (usd per share) |
EarningsPerShareBasic
|
$0.49 | USD | 1 Quarter |
| Diluted (usd per share) |
EarningsPerShareDiluted
|
$0.48 | USD | 1 Quarter |
| Diluted (usd per share) |
EarningsPerShareDiluted
|
$0.21 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
180.27M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
180.18M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
181.47M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
181.29M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$38.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$87.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$29.00M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$32.00M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$35.00M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$9.00M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$8.00M | USD | 1 Quarter |
| Restructuring and asset impairment charges |
RestructuringCostsAndAssetImpairmentCharges
|
$6.00M | USD | 1 Quarter |
| Restructuring and asset impairment charges |
RestructuringCostsAndAssetImpairmentCharges
|
$2.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-4.00M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-2.00M | USD | 1 Quarter |
| Payments for restructuring |
PaymentsForRestructuring
|
$8.00M | USD | 1 Quarter |
| Payments for restructuring |
PaymentsForRestructuring
|
$12.00M | USD | 1 Quarter |
| Changes in receivables |
IncreaseDecreaseInReceivables
|
$42.00M | USD | 1 Quarter |
| Changes in receivables |
IncreaseDecreaseInReceivables
|
$-23.00M | USD | 1 Quarter |
| Changes in inventories |
IncreaseDecreaseInInventories
|
$46.00M | USD | 1 Quarter |
| Changes in inventories |
IncreaseDecreaseInInventories
|
$54.00M | USD | 1 Quarter |
| Changes in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-68.00M | USD | 1 Quarter |
| Changes in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-29.00M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-11.00M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-63.00M | USD | 1 Quarter |
| Net Cash Operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.00M | USD | 1 Quarter |
| Net Cash Operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-26.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$51.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$39.00M | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-3.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-7.00M | USD | 1 Quarter |
| Net Cash Investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-31.00M | USD | 1 Quarter |
| Net Cash Investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-48.00M | USD | 1 Quarter |
| Short-term debt issued, net |
ProceedsFromShortTermDebt
|
$193.00M | USD | 1 Quarter |
| Short-term debt issued, net |
ProceedsFromShortTermDebt
|
- | USD | 1 Quarter |
| Short-term debt repaid |
RepaymentsOfShortTermDebt
|
- | USD | 1 Quarter |
| Short-term debt repaid |
RepaymentsOfShortTermDebt
|
$3.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$60.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$67.00M | USD | 1 Quarter |
| Proceeds from exercise of employee stock options |
ProceedsFromStockOptionsExercised
|
$5.00M | USD | 1 Quarter |
| Proceeds from exercise of employee stock options |
ProceedsFromStockOptionsExercised
|
$3.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$51.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$48.00M | USD | 1 Quarter |
| Net Cash Financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$87.00M | USD | 1 Quarter |
| Net Cash Financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-115.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-15.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-22.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-187.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$15.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$739.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.88B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$724.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$739.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.88B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$724.00M | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$41.00M | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$12.00M | USD | 1 Quarter |
| Income taxes (net of refunds received) |
IncomeTaxesPaidNet
|
$28.00M | USD | 1 Quarter |
| Income taxes (net of refunds received) |
IncomeTaxesPaidNet
|
$8.00M | USD | 1 Quarter |
Comprehensive Income
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$38.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$87.00M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-78.00M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$10.00M | USD | 1 Quarter |
| Unrealized loss |
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
|
$-2.00M | USD | 1 Quarter |
| Unrealized loss |
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
|
$-11.00M | USD | 1 Quarter |
| Amount of (gain) loss reclassified into net income |
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
|
$3.00M | USD | 1 Quarter |
| Amount of (gain) loss reclassified into net income |
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
|
$-3.00M | USD | 1 Quarter |
| Amortization of prior service credit |
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
|
$1.00M | USD | 1 Quarter |
| Amortization of prior service credit |
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
|
$1.00M | USD | 1 Quarter |
| Amortization of net actuarial loss into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
$5.00M | USD | 1 Quarter |
| Amortization of net actuarial loss into net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
$6.00M | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$-73.00M | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$1.00M | USD | 1 Quarter |
| Income tax expense related to items of other comprehensive income (loss) |
OtherComprehensiveIncomeLossTax
|
$14.00M | USD | 1 Quarter |
| Income tax expense related to items of other comprehensive income (loss) |
OtherComprehensiveIncomeLossTax
|
$14.00M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-13.00M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-87.00M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-49.00M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$74.00M | USD | 1 Quarter |
| Less: comprehensive loss attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-1.00M | USD | 1 Quarter |
| Less: comprehensive loss attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Xylem |
ComprehensiveIncomeNetOfTax
|
$-48.00M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Xylem |
ComprehensiveIncomeNetOfTax
|
$74.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.