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The Company sponsors certain defined-contribution savings plans for eligible employees. Expense recognized related to these plans was $ 5.6 million, $ 4.5 million and $ 5.9 million during the years ended December 31, 2024, 2023, and 2022 | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors certain defined-contribution savings plans for eligible employees. Expense recognized related to these plans was $ 5.6 million, $ 4.5 million and $ 5.9 million during the years ended December 31, 2024, 2023, and 2022 </context> | us-gaap:DefinedContributionPlanCostRecognized |
respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. | text | 137031 | sharesItemType | text: <entity> 137031 </entity> <entity type> sharesItemType </entity type> <context> respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. | text | 33.71 | perShareItemType | text: <entity> 33.71 </entity> <entity type> perShareItemType </entity type> <context> respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. | text | 201053 | sharesItemType | text: <entity> 201053 </entity> <entity type> sharesItemType </entity type> <context> respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. | text | 25.06 | perShareItemType | text: <entity> 25.06 </entity> <entity type> perShareItemType </entity type> <context> respectively, primarily related to the Company matching contributions. During the year ended December 31, 2024, the Company utilized 137,031 shares of its common stock with a weighted average fair value of $ 33.71 per share in funding the cost associated with the Company matching contributions. During the year ended December 31, 2023, the Company utilized 201,053 shares of its common stock with a weighted average fair value of $ 25.06 per share in funding the cost associated with the Company matching contributions. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
At December 31, 2024, the Company had approximately $ 171.2 million of state NOL carryforwards, expiring over various years ending through December 31, 2033. The Company has a tax effected valuation allowance of $ 6.1 million recorded against the related deferred tax asset. In addition, at December 31, 2024, the Company had approximately $ 3.4 million of foreign NOL carryforwards, of which there is a recorded tax effected valuation allowance of $ 0.9 million. The majority of the decrease in the deferred tax asset relating to state net operating loss and credit carryforwards is the result of certain state net operating losses expiring unutilized. These expiring state net operating losses were effectively written off against the full valuation allowance previously recorded by the Company. As such, the majority of the decrease in the valuation allowance was the result of this write-off. | text | 171.2 | monetaryItemType | text: <entity> 171.2 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Company had approximately $ 171.2 million of state NOL carryforwards, expiring over various years ending through December 31, 2033. The Company has a tax effected valuation allowance of $ 6.1 million recorded against the related deferred tax asset. In addition, at December 31, 2024, the Company had approximately $ 3.4 million of foreign NOL carryforwards, of which there is a recorded tax effected valuation allowance of $ 0.9 million. The majority of the decrease in the deferred tax asset relating to state net operating loss and credit carryforwards is the result of certain state net operating losses expiring unutilized. These expiring state net operating losses were effectively written off against the full valuation allowance previously recorded by the Company. As such, the majority of the decrease in the valuation allowance was the result of this write-off. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2024, the Company had approximately $ 171.2 million of state NOL carryforwards, expiring over various years ending through December 31, 2033. The Company has a tax effected valuation allowance of $ 6.1 million recorded against the related deferred tax asset. In addition, at December 31, 2024, the Company had approximately $ 3.4 million of foreign NOL carryforwards, of which there is a recorded tax effected valuation allowance of $ 0.9 million. The majority of the decrease in the deferred tax asset relating to state net operating loss and credit carryforwards is the result of certain state net operating losses expiring unutilized. These expiring state net operating losses were effectively written off against the full valuation allowance previously recorded by the Company. As such, the majority of the decrease in the valuation allowance was the result of this write-off. | text | 6.1 | monetaryItemType | text: <entity> 6.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Company had approximately $ 171.2 million of state NOL carryforwards, expiring over various years ending through December 31, 2033. The Company has a tax effected valuation allowance of $ 6.1 million recorded against the related deferred tax asset. In addition, at December 31, 2024, the Company had approximately $ 3.4 million of foreign NOL carryforwards, of which there is a recorded tax effected valuation allowance of $ 0.9 million. The majority of the decrease in the deferred tax asset relating to state net operating loss and credit carryforwards is the result of certain state net operating losses expiring unutilized. These expiring state net operating losses were effectively written off against the full valuation allowance previously recorded by the Company. As such, the majority of the decrease in the valuation allowance was the result of this write-off. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
No provision has been made for U.S. federal income taxes related to approximately $ 41.5 million of undistributed earnings of foreign subsidiaries considered to be permanently reinvested. No additional income tax liability would be expected to result if such earnings were repatriated to the U.S., other than potential out-of-pocket withholding taxes of approximately $ 2.2 million. | text | 41.5 | monetaryItemType | text: <entity> 41.5 </entity> <entity type> monetaryItemType </entity type> <context> No provision has been made for U.S. federal income taxes related to approximately $ 41.5 million of undistributed earnings of foreign subsidiaries considered to be permanently reinvested. No additional income tax liability would be expected to result if such earnings were repatriated to the U.S., other than potential out-of-pocket withholding taxes of approximately $ 2.2 million. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of </context> | us-gaap:AccruedIncomeTaxesCurrent |
The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of </context> | us-gaap:AccruedIncomeTaxesCurrent |
The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of | text | 19.6 | monetaryItemType | text: <entity> 19.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of </context> | us-gaap:IncomeTaxReceivable |
The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of | text | 17.0 | monetaryItemType | text: <entity> 17.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s total receivable for net accrued income taxes as of December 31, 2024 and 2023 was $ 17.3 million and $ 13.5 million, respectively. This net amount is presented in the consolidated balance sheets as income taxes payable (separately disclosed in other current liabilities) of $ 2.3 million and $ 3.5 million as of December 31, 2024 and 2023, respectively; and as income taxes receivable in the consolidated balance sheets of $ 19.6 million and $ 17.0 million as of </context> | us-gaap:IncomeTaxReceivable |
December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. | text | 68.1 | monetaryItemType | text: <entity> 68.1 </entity> <entity type> monetaryItemType </entity type> <context> December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. </context> | us-gaap:IncomeTaxesPaid |
December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. | text | 45.7 | monetaryItemType | text: <entity> 45.7 </entity> <entity type> monetaryItemType </entity type> <context> December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. </context> | us-gaap:IncomeTaxesPaid |
December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. | text | 3.1 | monetaryItemType | text: <entity> 3.1 </entity> <entity type> monetaryItemType </entity type> <context> December 31, 2024 and 2023, respectively. Net cash paid for income taxes to governmental tax authorities for the years ended December 31, 2024, 2023, and 2022 was $ 68.1 million, $ 45.7 million and $ 3.1 million, respectively. </context> | us-gaap:IncomeTaxesPaid |
The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of December 31, 2024 and 2023, the total amount of unrecognized tax benefits includes $ 0.5 million and $ 1.1 million of gross accrued interest and penalties, respectively. The amount of net interest and penalties recorded as income tax (benefit) expense during the years ended December 31, 2024, 2023, and 2022 was $( 0.4 ) million, $ 0.4 million, and $ 0.2 million, respectively. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of December 31, 2024 and 2023, the total amount of unrecognized tax benefits includes $ 0.5 million and $ 1.1 million of gross accrued interest and penalties, respectively. The amount of net interest and penalties recorded as income tax (benefit) expense during the years ended December 31, 2024, 2023, and 2022 was $( 0.4 ) million, $ 0.4 million, and $ 0.2 million, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of December 31, 2024 and 2023, the total amount of unrecognized tax benefits includes $ 0.5 million and $ 1.1 million of gross accrued interest and penalties, respectively. The amount of net interest and penalties recorded as income tax (benefit) expense during the years ended December 31, 2024, 2023, and 2022 was $( 0.4 ) million, $ 0.4 million, and $ 0.2 million, respectively. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of December 31, 2024 and 2023, the total amount of unrecognized tax benefits includes $ 0.5 million and $ 1.1 million of gross accrued interest and penalties, respectively. The amount of net interest and penalties recorded as income tax (benefit) expense during the years ended December 31, 2024, 2023, and 2022 was $( 0.4 ) million, $ 0.4 million, and $ 0.2 million, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
the divested entities. As such, the divested entities have been deconsolidated from our 2023 financial results as the Company no longer owns or controls such entities. Therefore, for the period ending December 31, 2023, all asbestos obligations and liabilities, related insurance assets and associated deferred taxes, and other assets of the divested subsidiaries are no longer reported on the consolidated balance sheet. The Company recorded a loss on the divestiture of asbestos liabilities and certain assets of $ 11.4 million in the fourth quarter of 2023, including transaction expenses of $ 2.1 million. | text | 11.4 | monetaryItemType | text: <entity> 11.4 </entity> <entity type> monetaryItemType </entity type> <context> the divested entities. As such, the divested entities have been deconsolidated from our 2023 financial results as the Company no longer owns or controls such entities. Therefore, for the period ending December 31, 2023, all asbestos obligations and liabilities, related insurance assets and associated deferred taxes, and other assets of the divested subsidiaries are no longer reported on the consolidated balance sheet. The Company recorded a loss on the divestiture of asbestos liabilities and certain assets of $ 11.4 million in the fourth quarter of 2023, including transaction expenses of $ 2.1 million. </context> | us-gaap:GainLossOnSaleOfBusiness |
Prior to the stock sale transaction, certain Company subsidiaries were subject to asbestos litigation. As of December 31, 2022, certain Company subsidiaries and numerous other unrelated companies were defendants in approximately 6,000 asbestos related lawsuits representing approximately 7,000 claims. Plaintiffs' claims alleged personal injuries caused by exposure to asbestos used primarily in industrial boilers formerly manufactured by a segment of Zurn Elkay's subsidiaries. Those subsidiaries did not manufacture asbestos or asbestos components. Instead, they were purchased from suppliers. These claims were handled pursuant to a defense strategy funded by insurers. | text | 7000 | integerItemType | text: <entity> 7000 </entity> <entity type> integerItemType </entity type> <context> Prior to the stock sale transaction, certain Company subsidiaries were subject to asbestos litigation. As of December 31, 2022, certain Company subsidiaries and numerous other unrelated companies were defendants in approximately 6,000 asbestos related lawsuits representing approximately 7,000 claims. Plaintiffs' claims alleged personal injuries caused by exposure to asbestos used primarily in industrial boilers formerly manufactured by a segment of Zurn Elkay's subsidiaries. Those subsidiaries did not manufacture asbestos or asbestos components. Instead, they were purchased from suppliers. These claims were handled pursuant to a defense strategy funded by insurers. </context> | us-gaap:LossContingencyPendingClaimsNumber |
In prior years, the asbestos liability was developed based on actuarial studies and represented the projected indemnity payout for current and future claims. There were inherent uncertainties involved in estimating the number of future asbestos claims, future settlement costs, and the effectiveness of defense strategies and settlement initiatives. As of December 31, 2022, the estimated potential liability for the asbestos-related claims described above, as well as the claims expected to be filed in the next ten years , was approximately $ 79.0 million which was recorded in the reserve for asbestos claims within the consolidated balance sheets. | text | 79.0 | monetaryItemType | text: <entity> 79.0 </entity> <entity type> monetaryItemType </entity type> <context> In prior years, the asbestos liability was developed based on actuarial studies and represented the projected indemnity payout for current and future claims. There were inherent uncertainties involved in estimating the number of future asbestos claims, future settlement costs, and the effectiveness of defense strategies and settlement initiatives. As of December 31, 2022, the estimated potential liability for the asbestos-related claims described above, as well as the claims expected to be filed in the next ten years , was approximately $ 79.0 million which was recorded in the reserve for asbestos claims within the consolidated balance sheets. </context> | us-gaap:SelfInsuranceReserveNoncurrent |
In prior years, the Company also recorded a receivable from its insurance carriers, which corresponded to the amount of this potential asbestos liability that was covered by available insurance and was determined to be probable of recovery. However, there was no assurance the Company's insurance coverage would ultimately be available or that this asbestos liability would not ultimately exceed the coverage limits. Factors that could cause a decrease in the amount of available coverage or create gaps in coverage include: changes in law governing the policies, potential disputes and settlements with the carriers regarding the scope of coverage, and insolvencies of one or more of the Company's carriers. As of December 31, 2022, management estimated that the available insurance to cover the ten-year estimated potential asbestos-related liabilities was $ 72.1 million. During the year ended December 31, 2022, the Company recorded $ 6.9 million for the amount that the estimated potential liability exceeded a gap in the Company's estimated available insurance coverage. This expense was recorded in other income (expense), net within the consolidated statements of operations. | text | 72.1 | monetaryItemType | text: <entity> 72.1 </entity> <entity type> monetaryItemType </entity type> <context> In prior years, the Company also recorded a receivable from its insurance carriers, which corresponded to the amount of this potential asbestos liability that was covered by available insurance and was determined to be probable of recovery. However, there was no assurance the Company's insurance coverage would ultimately be available or that this asbestos liability would not ultimately exceed the coverage limits. Factors that could cause a decrease in the amount of available coverage or create gaps in coverage include: changes in law governing the policies, potential disputes and settlements with the carriers regarding the scope of coverage, and insolvencies of one or more of the Company's carriers. As of December 31, 2022, management estimated that the available insurance to cover the ten-year estimated potential asbestos-related liabilities was $ 72.1 million. During the year ended December 31, 2022, the Company recorded $ 6.9 million for the amount that the estimated potential liability exceeded a gap in the Company's estimated available insurance coverage. This expense was recorded in other income (expense), net within the consolidated statements of operations. </context> | us-gaap:InsuranceSettlementsReceivableNoncurrent |
In prior years, the Company also recorded a receivable from its insurance carriers, which corresponded to the amount of this potential asbestos liability that was covered by available insurance and was determined to be probable of recovery. However, there was no assurance the Company's insurance coverage would ultimately be available or that this asbestos liability would not ultimately exceed the coverage limits. Factors that could cause a decrease in the amount of available coverage or create gaps in coverage include: changes in law governing the policies, potential disputes and settlements with the carriers regarding the scope of coverage, and insolvencies of one or more of the Company's carriers. As of December 31, 2022, management estimated that the available insurance to cover the ten-year estimated potential asbestos-related liabilities was $ 72.1 million. During the year ended December 31, 2022, the Company recorded $ 6.9 million for the amount that the estimated potential liability exceeded a gap in the Company's estimated available insurance coverage. This expense was recorded in other income (expense), net within the consolidated statements of operations. | text | 6.9 | monetaryItemType | text: <entity> 6.9 </entity> <entity type> monetaryItemType </entity type> <context> In prior years, the Company also recorded a receivable from its insurance carriers, which corresponded to the amount of this potential asbestos liability that was covered by available insurance and was determined to be probable of recovery. However, there was no assurance the Company's insurance coverage would ultimately be available or that this asbestos liability would not ultimately exceed the coverage limits. Factors that could cause a decrease in the amount of available coverage or create gaps in coverage include: changes in law governing the policies, potential disputes and settlements with the carriers regarding the scope of coverage, and insolvencies of one or more of the Company's carriers. As of December 31, 2022, management estimated that the available insurance to cover the ten-year estimated potential asbestos-related liabilities was $ 72.1 million. During the year ended December 31, 2022, the Company recorded $ 6.9 million for the amount that the estimated potential liability exceeded a gap in the Company's estimated available insurance coverage. This expense was recorded in other income (expense), net within the consolidated statements of operations. </context> | us-gaap:LossContingencyAccrualProvision |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 4.7 | sharesItemType | text: <entity> 4.7 </entity> <entity type> sharesItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 150.2 | monetaryItemType | text: <entity> 150.2 </entity> <entity type> monetaryItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodValue |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 5.3 | sharesItemType | text: <entity> 5.3 </entity> <entity type> sharesItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 125.0 | monetaryItemType | text: <entity> 125.0 </entity> <entity type> monetaryItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodValue |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 1.1 | sharesItemType | text: <entity> 1.1 </entity> <entity type> sharesItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 24.7 | monetaryItemType | text: <entity> 24.7 </entity> <entity type> monetaryItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodValue |
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. | text | 240.2 | monetaryItemType | text: <entity> 240.2 </entity> <entity type> monetaryItemType </entity type> <context> During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $ 200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $ 500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board. During the year ended December 31, 2024, the Company repurchased 4.7 million shares of common stock at a total cost of $ 150.2 million at an average price of $ 31.81 per share. During the year ended December 31, 2023, the Company repurchased 5.3 million shares of common stock at a total cost of $ 125.0 million at an average price of $ 23.66 per share. During the year ended December 31, 2022, the Company repurchased 1.1 million shares of common stock at a total cost of $ 24.7 million at an average price of $ 23.00 per share. The repurchased shares were canceled by the Company upon receipt. At December 31, 2024, a total of approximately $ 240.2 million of repurchase authority remained under the Repurchase Program. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. | text | 7.8 | monetaryItemType | text: <entity> 7.8 </entity> <entity type> monetaryItemType </entity type> <context> Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. | text | 4.9 | monetaryItemType | text: <entity> 4.9 </entity> <entity type> monetaryItemType </entity type> <context> Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> Segment net sales, amortization, interest expense, net, income before income taxes and income tax expense are included on the consolidated statement of operations. Segment assets are included on the consolidated balance sheet and segment depreciation, stock-based compensation expense, non-cash restructuring charges, and expenditures for plant, property and equipment are included on the consolidated statement of cash flows. Interest income for the years ended December 31, 2024, 2023, and 2022 was $ 7.8 million, $ 4.9 million, and $ 0.5 million, respectively. </context> | us-gaap:InvestmentIncomeInterest |
The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. | text | 19 | percentItemType | text: <entity> 19 </entity> <entity type> percentItemType </entity type> <context> The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. | text | 20 | percentItemType | text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. | text | 22 | percentItemType | text: <entity> 22 </entity> <entity type> percentItemType </entity type> <context> The Company’s largest customer accounted for 19 %, 20 % and 22 % of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively. No other customers account for more than 10% of consolidated net sales for the years ended December 31, 2024, 2023, or 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
On January 30, 2025, the Company's Board of Directors declared a quarterly cash dividend on the Company's common stock of $ 0.09 per share to be paid on March 7, 2025, to stockholders of record as of February 20, 2025. | text | 0.09 | perShareItemType | text: <entity> 0.09 </entity> <entity type> perShareItemType </entity type> <context> On January 30, 2025, the Company's Board of Directors declared a quarterly cash dividend on the Company's common stock of $ 0.09 per share to be paid on March 7, 2025, to stockholders of record as of February 20, 2025. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. | text | 546 | monetaryItemType | text: <entity> 546 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. </context> | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. | text | 497 | monetaryItemType | text: <entity> 497 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. </context> | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. | text | 505 | monetaryItemType | text: <entity> 505 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising costs included in sales and marketing expenses during the years ended December 31, 2024, 2023 and 2022 were $ 546 million, $ 497 million and $ 505 million respectively. </context> | us-gaap:AdvertisingExpense |
On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. </context> | us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired |
On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. | text | 1962 | monetaryItemType | text: <entity> 1962 </entity> <entity type> monetaryItemType </entity type> <context> On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. </context> | us-gaap:PaymentsToAcquireBusinessesGross |
On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. </context> | us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable |
On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. | text | 294 | monetaryItemType | text: <entity> 294 </entity> <entity type> monetaryItemType </entity type> <context> On July 8, 2022, the Company completed the acquisition of Deliverr, a company based in San Francisco, California, that provided fulfillment services to ecommerce retailers. The acquisition accelerated the development of Shopify's logistics offering by adding Deliverr's software, which included machine learning and optimization technology. The Company acquired 100 % of the outstanding shares of Deliverr in exchange for cash consideration of $ 1,962 million and $ 10 million in Shopify Class A subordinate voting shares. In connection with the transaction, a further $ 294 million in restricted shares, RSUs and stock options were issued and were accounted for as stock-based compensation as they were related to post-combination services. The transaction was accounted for as a business combination. </context> | us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable |
The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. | text | 255 | monetaryItemType | text: <entity> 255 </entity> <entity type> monetaryItemType </entity type> <context> The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. | text | None | monetaryItemType | text: <entity> None </entity> <entity type> monetaryItemType </entity type> <context> The acquired technology was valued at $ 255 million using a relief-from-royalty methodology, the customer relationships were valued at $ 29 million using a cost approach and other intangibles were valued at $ 4 million using a relief-from-royalty methodology, and amortized over six , five and three years , respectively. Goodwill from the Deliverr acquisition was primarily attributable to the synergies that resulted from integrating the Deliverr software with Shopify's logistics offering, and the acquisition of the assembled workforce. None of the goodwill recognized is deductible for income tax purposes. The deferred tax liability related to the taxable temporary difference on the acquired intangible assets. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 1498 | monetaryItemType | text: <entity> 1498 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 1413 | monetaryItemType | text: <entity> 1413 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 806 | monetaryItemType | text: <entity> 806 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 755 | monetaryItemType | text: <entity> 755 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:RestrictedCash |
As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company’s cash and cash equivalents balance was $ 1,498 million and $ 1,413 million, respectively. These balances include $ 806 million and $ 755 million, respectively, of money market funds, corporate bonds and commercial paper. As of December 31, 2024, $ 9 million of the Company's cash and cash equivalents balance is considered restricted cash (December 31, 2023 - $ 8 million). </context> | us-gaap:RestrictedCash |
The fair values of marketable securities above include accrued interest of $ 19 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 62 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> The fair values of marketable securities above include accrued interest of $ 19 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 62 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. </context> | us-gaap:ReceivablesNetCurrent |
The fair values of marketable securities above include accrued interest of $ 19 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 62 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> The fair values of marketable securities above include accrued interest of $ 19 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 62 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. </context> | us-gaap:DebtSecuritiesAvailableForSaleChangeInPresentValueInterestIncome |
The fair values above include accrued interest of $ 15 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 21 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The fair values above include accrued interest of $ 15 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 21 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. </context> | us-gaap:ReceivablesNetCurrent |
The fair values above include accrued interest of $ 15 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 21 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> The fair values above include accrued interest of $ 15 million, which is excluded from the carrying amounts. The accrued interest is included in "Trade and other receivables, net" in the consolidated balance sheets. Additional accrued interest of $ 21 million recognized on the convertible notes in private companies is included in the carrying amount and fair value above. </context> | us-gaap:DebtSecuritiesAvailableForSaleChangeInPresentValueInterestIncome |
In the year ended December 31, 2024, $ 18 million was transferred from Level 3 to Level 1 due to the vesting of warrants (December 31, 2023 - $ 49 million). In the year ended December 31, 2023, the equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 8 %. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, $ 18 million was transferred from Level 3 to Level 1 due to the vesting of warrants (December 31, 2023 - $ 49 million). In the year ended December 31, 2023, the equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 8 %. </context> | us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3 |
In the year ended December 31, 2024, $ 18 million was transferred from Level 3 to Level 1 due to the vesting of warrants (December 31, 2023 - $ 49 million). In the year ended December 31, 2023, the equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 8 %. | text | 49 | monetaryItemType | text: <entity> 49 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, $ 18 million was transferred from Level 3 to Level 1 due to the vesting of warrants (December 31, 2023 - $ 49 million). In the year ended December 31, 2023, the equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 8 %. </context> | us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3 |
In the year ended December 31, 2024, $ 37 million was transferred from Level 3 to Level 1, respectively, due to the vesting of warrants (December 31, 2023 - $ 11 million). The equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 18 % at December 31, 2024 (December 31, 2023 - 21 %). | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, $ 37 million was transferred from Level 3 to Level 1, respectively, due to the vesting of warrants (December 31, 2023 - $ 11 million). The equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 18 % at December 31, 2024 (December 31, 2023 - 21 %). </context> | us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3 |
In the year ended December 31, 2024, $ 37 million was transferred from Level 3 to Level 1, respectively, due to the vesting of warrants (December 31, 2023 - $ 11 million). The equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 18 % at December 31, 2024 (December 31, 2023 - 21 %). | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, $ 37 million was transferred from Level 3 to Level 1, respectively, due to the vesting of warrants (December 31, 2023 - $ 11 million). The equity investments categorized as Level 3 in the fair value hierarchy represent unvested warrants that require the application of a discount for lack of marketability which was 18 % at December 31, 2024 (December 31, 2023 - 21 %). </context> | us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3 |
As of December 31, 2024, included in the total $ 717 million of equity and other investments without readily determinable fair values, $ 593 million was remeasured at fair value and was classified within Level 3 of the fair value measurement hierarchy on a non-recurring basis. | text | 717 | monetaryItemType | text: <entity> 717 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, included in the total $ 717 million of equity and other investments without readily determinable fair values, $ 593 million was remeasured at fair value and was classified within Level 3 of the fair value measurement hierarchy on a non-recurring basis. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
As of December 31, 2024, included in the total $ 717 million of equity and other investments without readily determinable fair values, $ 593 million was remeasured at fair value and was classified within Level 3 of the fair value measurement hierarchy on a non-recurring basis. | text | 593 | monetaryItemType | text: <entity> 593 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, included in the total $ 717 million of equity and other investments without readily determinable fair values, $ 593 million was remeasured at fair value and was classified within Level 3 of the fair value measurement hierarchy on a non-recurring basis. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
The Company holds an equity method investment in Flexport which is presented within "Equity method investment" in the consolidated balance sheets and is carried at the amount of Shopify’s original investment, as adjusted each period for Shopify’s share of the investee’s income or loss and the basis difference amortization, which is the difference between the fair value of our investment in the company and the underlying equity in the net assets of the investee. Results are reported with a one-quarter delay due to the timing of financial information availability from the investee. For the year ended December 31, 2024, our share of the loss in the investee was $ 138 million (December 31, 2023 - $ 58 million), and is presented within "Net loss on equity method investment" in the consolidated statement of operations and comprehensive income (loss). | text | 138 | monetaryItemType | text: <entity> 138 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an equity method investment in Flexport which is presented within "Equity method investment" in the consolidated balance sheets and is carried at the amount of Shopify’s original investment, as adjusted each period for Shopify’s share of the investee’s income or loss and the basis difference amortization, which is the difference between the fair value of our investment in the company and the underlying equity in the net assets of the investee. Results are reported with a one-quarter delay due to the timing of financial information availability from the investee. For the year ended December 31, 2024, our share of the loss in the investee was $ 138 million (December 31, 2023 - $ 58 million), and is presented within "Net loss on equity method investment" in the consolidated statement of operations and comprehensive income (loss). </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
The Company holds an equity method investment in Flexport which is presented within "Equity method investment" in the consolidated balance sheets and is carried at the amount of Shopify’s original investment, as adjusted each period for Shopify’s share of the investee’s income or loss and the basis difference amortization, which is the difference between the fair value of our investment in the company and the underlying equity in the net assets of the investee. Results are reported with a one-quarter delay due to the timing of financial information availability from the investee. For the year ended December 31, 2024, our share of the loss in the investee was $ 138 million (December 31, 2023 - $ 58 million), and is presented within "Net loss on equity method investment" in the consolidated statement of operations and comprehensive income (loss). | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an equity method investment in Flexport which is presented within "Equity method investment" in the consolidated balance sheets and is carried at the amount of Shopify’s original investment, as adjusted each period for Shopify’s share of the investee’s income or loss and the basis difference amortization, which is the difference between the fair value of our investment in the company and the underlying equity in the net assets of the investee. Results are reported with a one-quarter delay due to the timing of financial information availability from the investee. For the year ended December 31, 2024, our share of the loss in the investee was $ 138 million (December 31, 2023 - $ 58 million), and is presented within "Net loss on equity method investment" in the consolidated statement of operations and comprehensive income (loss). </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
As of December 31, 2024, the Company held foreign exchange forward contracts and options for USD, GBP, AUD and CAD with a total notional value of $ 454 million (December 31, 2023 - $ 473 million), to fund a portion of its operations. The fair value of foreign exchange forward contracts and options was based upon Level 2 inputs, which included year-end mid-market quotations for each underlying contract as calculated by the financial institution with which the Company has transacted. The quotations are based on bid/ask quotations and represent the discounted future settlement amounts based on current market rates. | text | 454 | monetaryItemType | text: <entity> 454 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company held foreign exchange forward contracts and options for USD, GBP, AUD and CAD with a total notional value of $ 454 million (December 31, 2023 - $ 473 million), to fund a portion of its operations. The fair value of foreign exchange forward contracts and options was based upon Level 2 inputs, which included year-end mid-market quotations for each underlying contract as calculated by the financial institution with which the Company has transacted. The quotations are based on bid/ask quotations and represent the discounted future settlement amounts based on current market rates. </context> | us-gaap:DerivativeNotionalAmount |
As of December 31, 2024, the Company held foreign exchange forward contracts and options for USD, GBP, AUD and CAD with a total notional value of $ 454 million (December 31, 2023 - $ 473 million), to fund a portion of its operations. The fair value of foreign exchange forward contracts and options was based upon Level 2 inputs, which included year-end mid-market quotations for each underlying contract as calculated by the financial institution with which the Company has transacted. The quotations are based on bid/ask quotations and represent the discounted future settlement amounts based on current market rates. | text | 473 | monetaryItemType | text: <entity> 473 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company held foreign exchange forward contracts and options for USD, GBP, AUD and CAD with a total notional value of $ 454 million (December 31, 2023 - $ 473 million), to fund a portion of its operations. The fair value of foreign exchange forward contracts and options was based upon Level 2 inputs, which included year-end mid-market quotations for each underlying contract as calculated by the financial institution with which the Company has transacted. The quotations are based on bid/ask quotations and represent the discounted future settlement amounts based on current market rates. </context> | us-gaap:DerivativeNotionalAmount |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 15743174 | sharesItemType | text: <entity> 15743174 </entity> <entity type> sharesItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:OptionIndexedToIssuersEquityShares |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 88.93 | perShareItemType | text: <entity> 88.93 </entity> <entity type> perShareItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:OptionIndexedToIssuersEquityStrikePrice1 |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 204 | monetaryItemType | text: <entity> 204 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:DerivativeAssets |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 122 | monetaryItemType | text: <entity> 122 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:DerivativeAssets |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 82 | monetaryItemType | text: <entity> 82 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:UnrealizedGainLossOnInvestments |
The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds an investment option to purchase 15,743,174 of Series B common shares of Klaviyo, Inc. at an exercise price of $ 88.93 with an expiration date of July 28, 2030. The options are fair valued quarterly under Level 3 of the fair value hierarchy as certain unobservable inputs are used within the Black-Scholes model as well as a discount for lack of marketability. The fair value of the options as of December 31, 2024, utilizing a discount for lack of marketability of 29 %, was $ 204 million (December 31, 2023 - 31 % and $ 122 million) and is presented within "Equity and other investments" in the consolidated balance sheets. The Company recognized an unrealized gain of $ 82 million for the year ended December 31, 2024 (December 31, 2023 - unrealized gain of $ 68 million) and is presented as a component of "Net unrealized (loss) gain on equity and other investments". </context> | us-gaap:UnrealizedGainLossOnInvestments |
Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). </context> | us-gaap:FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss |
Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). </context> | us-gaap:FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss |
Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Included in the loans receivable gross balance as of December 31, 2024 is $ 15 million of interest receivable (December 31, 2023 - $ 10 million, December 31, 2022 - $ 3 million). </context> | us-gaap:FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss |
Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). </context> | us-gaap:PaymentsToAcquireFinanceReceivables |
Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). </context> | us-gaap:PaymentsToAcquireFinanceReceivables |
Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). | text | 212 | monetaryItemType | text: <entity> 212 </entity> <entity type> monetaryItemType </entity type> <context> Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). </context> | us-gaap:TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount |
Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). | text | 82 | monetaryItemType | text: <entity> 82 </entity> <entity type> monetaryItemType </entity type> <context> Certain loans and merchant cash advances are facilitated by the Company and originated by a bank partner, from whom the Company then purchases the loans and merchant cash advances obtaining all rights, title and interest or discount. In the year ended December 31, 2024, the Company purchased $ 3.0 billion of merchant cash advances and loans to Shopify merchants (December 31, 2023 - $ 2.0 billion). For some loans, the Company sells its full rights, title and interest to third-party investors. We account for the asset transfer as a sale and derecognize the full amount the Company paid to its bank partner to originate the loan and record a gain on sale of the loans sold to the third-party investor as revenue upon transfer of title. In the year ended December 31, 2024, the Company sold $ 212 million of loans to third-party investors (December 31, 2023 - $ 82 million). </context> | us-gaap:TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount |
In the year ended December 31, 2024, the Company recognized revenue of $ 205 million related to interest and fees earned on the Company's lending services, which do not represent revenues recognized in the scope of ASC 606, Revenue from Contracts with Customers (December 31, 2023 - $ 147 million). | text | 205 | monetaryItemType | text: <entity> 205 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, the Company recognized revenue of $ 205 million related to interest and fees earned on the Company's lending services, which do not represent revenues recognized in the scope of ASC 606, Revenue from Contracts with Customers (December 31, 2023 - $ 147 million). </context> | us-gaap:InterestAndFeeIncomeLoansAndLeases |
In the year ended December 31, 2024, the Company recognized revenue of $ 205 million related to interest and fees earned on the Company's lending services, which do not represent revenues recognized in the scope of ASC 606, Revenue from Contracts with Customers (December 31, 2023 - $ 147 million). | text | 147 | monetaryItemType | text: <entity> 147 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, the Company recognized revenue of $ 205 million related to interest and fees earned on the Company's lending services, which do not represent revenues recognized in the scope of ASC 606, Revenue from Contracts with Customers (December 31, 2023 - $ 147 million). </context> | us-gaap:InterestAndFeeIncomeLoansAndLeases |
$ 12 million of leasehold improvements that were impaired and disposed of in the year ended December 31, 2023. See Note 11 for details. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> $ 12 million of leasehold improvements that were impaired and disposed of in the year ended December 31, 2023. See Note 11 for details. </context> | us-gaap:ImpairmentOfLeasehold |
As of December 31, 2024, the weighted average remaining lease term is 9 years and the weighted average discount rate is 3.4 % (December 31, 2023 - 10 years and 3.4 %). | text | 3.4 | percentItemType | text: <entity> 3.4 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, the weighted average remaining lease term is 9 years and the weighted average discount rate is 3.4 % (December 31, 2023 - 10 years and 3.4 %). </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. </context> | us-gaap:SubleaseIncome |
Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. </context> | us-gaap:SubleaseIncome |
Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Net sublease income for the year ended December 31, 2024 was $ 6 million (December 31, 2023 - $ 4 million, December 31, 2022 - $ 3 million), which is recorded as an offset within the total lease expense disclosed above. </context> | us-gaap:SubleaseIncome |
During the years ended December 31, 2023 and 2022, the Company identified leased office space for which it has ceased use. This resulted in impairment charges to its right-of-use assets and leasehold improvements. These impairment charges were determined by comparing the asset groups' fair values made up of the right-of-use assets and leasehold improvements, to their carrying values as of the impairment measurement date, as required under ASC 360, Property, Plant and Equipment. Fair value was determined based on the present value of the estimated future cash flows. These charges were recorded as general and administrative expenses in the consolidated statements of operations and comprehensive income (loss). In the years ended December 31, 2023 and 2022, the Company recorded impairment charges related to its operating lease right-of-use assets and leasehold improvements of $ 38 million and $ 81 million, respectfully. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023 and 2022, the Company identified leased office space for which it has ceased use. This resulted in impairment charges to its right-of-use assets and leasehold improvements. These impairment charges were determined by comparing the asset groups' fair values made up of the right-of-use assets and leasehold improvements, to their carrying values as of the impairment measurement date, as required under ASC 360, Property, Plant and Equipment. Fair value was determined based on the present value of the estimated future cash flows. These charges were recorded as general and administrative expenses in the consolidated statements of operations and comprehensive income (loss). In the years ended December 31, 2023 and 2022, the Company recorded impairment charges related to its operating lease right-of-use assets and leasehold improvements of $ 38 million and $ 81 million, respectfully. </context> | us-gaap:OtherAssetImpairmentCharges |
During the years ended December 31, 2023 and 2022, the Company identified leased office space for which it has ceased use. This resulted in impairment charges to its right-of-use assets and leasehold improvements. These impairment charges were determined by comparing the asset groups' fair values made up of the right-of-use assets and leasehold improvements, to their carrying values as of the impairment measurement date, as required under ASC 360, Property, Plant and Equipment. Fair value was determined based on the present value of the estimated future cash flows. These charges were recorded as general and administrative expenses in the consolidated statements of operations and comprehensive income (loss). In the years ended December 31, 2023 and 2022, the Company recorded impairment charges related to its operating lease right-of-use assets and leasehold improvements of $ 38 million and $ 81 million, respectfully. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023 and 2022, the Company identified leased office space for which it has ceased use. This resulted in impairment charges to its right-of-use assets and leasehold improvements. These impairment charges were determined by comparing the asset groups' fair values made up of the right-of-use assets and leasehold improvements, to their carrying values as of the impairment measurement date, as required under ASC 360, Property, Plant and Equipment. Fair value was determined based on the present value of the estimated future cash flows. These charges were recorded as general and administrative expenses in the consolidated statements of operations and comprehensive income (loss). In the years ended December 31, 2023 and 2022, the Company recorded impairment charges related to its operating lease right-of-use assets and leasehold improvements of $ 38 million and $ 81 million, respectfully. </context> | us-gaap:AssetImpairmentCharges |
Operating lease maturity amounts included in the table above do not include sublease proceeds expected to be received under our various sublease agreements with third parties. Under the agreements initiated with third parties, the Company expects to receive sublease proceeds of $ 7 million in 2025 and $ 18 million in the years 2026, 2027, 2028 and thereafter. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Operating lease maturity amounts included in the table above do not include sublease proceeds expected to be received under our various sublease agreements with third parties. Under the agreements initiated with third parties, the Company expects to receive sublease proceeds of $ 7 million in 2025 and $ 18 million in the years 2026, 2027, 2028 and thereafter. </context> | us-gaap:LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths |
During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). </context> | us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). </context> | us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). </context> | us-gaap:OperatingLeasePayments |
During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). | text | 34 | monetaryItemType | text: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, the Company recognized $ 7 million of operating lease liabilities arising from obtaining operating lease right-of-use assets (December 31, 2023 - $ 22 million). The Company paid $ 35 million for amounts included in the measurement of operating lease liabilities included in cash flow from operating activities (December 31, 2023 - $ 34 million). </context> | us-gaap:OperatingLeasePayments |
During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). | text | 307 | monetaryItemType | text: <entity> 307 </entity> <entity type> monetaryItemType </entity type> <context> During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> During the year December 31, 2023, the Company recognized an impairment of $ 307 million of acquired technology, $ 27 million of acquired customer relationships and $ 3 million of other intangible assets as a result of the sales of Shopify's logistics businesses (see Note 4). </context> | us-gaap:ImpairmentOfIntangibleAssetsFinitelived |
During the year ended December 31, 2023, the Company disposed of and retired software development costs, acquired technology and purchased software with a combined original cost of $ 440 million, primarily due to the sales of our logistics businesses (December 31, 2022 - $ 31 million). Other than the impairment charges noted above, there was no additional gain or loss recognized in the consolidated statement of operations and comprehensive income (loss) as a result of the retirement or disposal of these assets. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company disposed of and retired software development costs, acquired technology and purchased software with a combined original cost of $ 440 million, primarily due to the sales of our logistics businesses (December 31, 2022 - $ 31 million). Other than the impairment charges noted above, there was no additional gain or loss recognized in the consolidated statement of operations and comprehensive income (loss) as a result of the retirement or disposal of these assets. </context> | us-gaap:GainLossOnDispositionOfIntangibleAssets |
No goodwill impairment was recognized in the year ended December 31, 2024. The Company recognized goodwill impairment of $ 1,438 million in the year ended December 31, 2023 due to the sales of Shopify's logistics businesses in the second quarter of 2023. | text | No | monetaryItemType | text: <entity> No </entity> <entity type> monetaryItemType </entity type> <context> No goodwill impairment was recognized in the year ended December 31, 2024. The Company recognized goodwill impairment of $ 1,438 million in the year ended December 31, 2023 due to the sales of Shopify's logistics businesses in the second quarter of 2023. </context> | us-gaap:GoodwillImpairmentLoss |
No goodwill impairment was recognized in the year ended December 31, 2024. The Company recognized goodwill impairment of $ 1,438 million in the year ended December 31, 2023 due to the sales of Shopify's logistics businesses in the second quarter of 2023. | text | 1438 | monetaryItemType | text: <entity> 1438 </entity> <entity type> monetaryItemType </entity type> <context> No goodwill impairment was recognized in the year ended December 31, 2024. The Company recognized goodwill impairment of $ 1,438 million in the year ended December 31, 2023 due to the sales of Shopify's logistics businesses in the second quarter of 2023. </context> | us-gaap:GoodwillImpairmentLoss |
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