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The company has a $ 2.0 billion revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company’s commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or SOFR, plus a spread ( 1.08 % at December 31, 2023), which is based on the company’s credit ratings, plus a credit spread adjustment of 0.10 % or a weighted-average effective interest rate of 6.42 % at December 31, 2023. The facility fee, which is based on the company’s credit ratings, was 0.175 % of the total borrowing capacity at December 31, 2023. The company had no outstanding borrowings under the revolving credit facility at December 31, 2023 and 2022. | text | 6.42 | percentItemType | text: <entity> 6.42 </entity> <entity type> percentItemType </entity type> <context> The company has a $ 2.0 billion revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company’s commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or SOFR, plus a spread ( 1.08 % at December 31, 2023), which is based on the company’s credit ratings, plus a credit spread adjustment of 0.10 % or a weighted-average effective interest rate of 6.42 % at December 31, 2023. The facility fee, which is based on the company’s credit ratings, was 0.175 % of the total borrowing capacity at December 31, 2023. The company had no outstanding borrowings under the revolving credit facility at December 31, 2023 and 2022. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
The company has a $ 2.0 billion revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company’s commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or SOFR, plus a spread ( 1.08 % at December 31, 2023), which is based on the company’s credit ratings, plus a credit spread adjustment of 0.10 % or a weighted-average effective interest rate of 6.42 % at December 31, 2023. The facility fee, which is based on the company’s credit ratings, was 0.175 % of the total borrowing capacity at December 31, 2023. The company had no outstanding borrowings under the revolving credit facility at December 31, 2023 and 2022. | text | 0.175 | percentItemType | text: <entity> 0.175 </entity> <entity type> percentItemType </entity type> <context> The company has a $ 2.0 billion revolving credit facility maturing in September 2026. The facility may be used by the company for general corporate purposes including working capital in the ordinary course of business, letters of credit, repayment, prepayment or purchase of long-term indebtedness, acquisitions, and as support for the company’s commercial paper program, as applicable. Interest on borrowings under the revolving credit facility is calculated using a base rate or SOFR, plus a spread ( 1.08 % at December 31, 2023), which is based on the company’s credit ratings, plus a credit spread adjustment of 0.10 % or a weighted-average effective interest rate of 6.42 % at December 31, 2023. The facility fee, which is based on the company’s credit ratings, was 0.175 % of the total borrowing capacity at December 31, 2023. The company had no outstanding borrowings under the revolving credit facility at December 31, 2023 and 2022. </context> | us-gaap:LineOfCreditFacilityCommitmentFeePercentage |
The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. | text | 0.40 | percentItemType | text: <entity> 0.40 </entity> <entity type> percentItemType </entity type> <context> The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. </context> | us-gaap:LineOfCreditFacilityCommitmentFeePercentage |
The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. | text | 5.85 | percentItemType | text: <entity> 5.85 </entity> <entity type> percentItemType </entity type> <context> The company has a North American asset securitization program collateralized by accounts receivable of certain of its subsidiaries. The company may borrow up to $ 1.5 billion under the program which matures in September 2025. The program is conducted through Arrow Electronics Funding Corporation (“AFC”), a wholly-owned, bankruptcy remote subsidiary. The North American asset securitization program does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the company’s consolidated balance sheets. Interest on borrowings is calculated using a base rate plus a spread ( 0.40 % at December 31, 2023), plus a credit spread adjustment of 0.10 % or an effective interest rate of 5.85 % at December 31, 2023. The facility fee is 0.40 % of the total borrowing capacity. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. | text | 198.0 | monetaryItemType | text: <entity> 198.0 </entity> <entity type> monetaryItemType </entity type> <context> The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. </context> | us-gaap:LongTermDebtNoncurrent |
The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. </context> | us-gaap:LongTermDebtNoncurrent |
The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. </context> | us-gaap:AccountsReceivableNetCurrent |
The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. | text | 3.1 | monetaryItemType | text: <entity> 3.1 </entity> <entity type> monetaryItemType </entity type> <context> The company had $ 198.0 million and $ 1.2 billion in outstanding borrowings under the North American asset securitization program at December 31, 2023 and 2022, respectively, which was included in “Long-term debt” in the company’s consolidated balance sheets. Total collateralized accounts receivable of approximately $ 2.7 billion and $ 3.1 billion were held by AFC and were included in “Accounts receivable, net” in the company’s consolidated balance sheets at December 31, 2023 and 2022, respectively. Any accounts receivable held by AFC would likely not be available to other creditors of the company in the event of bankruptcy or insolvency proceedings of the company before repayment of any outstanding borrowings under the North American asset securitization program. </context> | us-gaap:AccountsReceivableNetCurrent |
During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. | text | 6.125 | percentItemType | text: <entity> 6.125 </entity> <entity type> percentItemType </entity type> <context> During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. | text | 496.3 | monetaryItemType | text: <entity> 496.3 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. </context> | us-gaap:ProceedsFromRepaymentsOfNotesPayable |
During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2023, the company completed the sale of $ 500.0 million principal amount of 6.125 % notes due in March 2026. The notes have a call option which allows for redemption at par, without penalty, on or after March 1, 2024. The net proceeds of the offering of $ 496.3 million were used to repay the $ 300.0 million principal amount of its 4.50 % notes due March 2023 and for general corporate purposes. </context> | us-gaap:RepaymentsOfSeniorDebt |
During February 2022, the company repaid $ 350.0 million principal amount of its 3.50 % notes due April 2022. | text | 350.0 | monetaryItemType | text: <entity> 350.0 </entity> <entity type> monetaryItemType </entity type> <context> During February 2022, the company repaid $ 350.0 million principal amount of its 3.50 % notes due April 2022. </context> | us-gaap:RepaymentsOfSeniorDebt |
During February 2022, the company repaid $ 350.0 million principal amount of its 3.50 % notes due April 2022. | text | 3.50 | percentItemType | text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> During February 2022, the company repaid $ 350.0 million principal amount of its 3.50 % notes due April 2022. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:DebtCurrent |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 550.7 | monetaryItemType | text: <entity> 550.7 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 503.2 | monetaryItemType | text: <entity> 503.2 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 110.9 | monetaryItemType | text: <entity> 110.9 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 500.2 | monetaryItemType | text: <entity> 500.2 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive |
Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> Annual payments of borrowings during each of the years 2024 through 2028 are $ 1.7 billion, $ 550.7 million, $ 503.2 million, $ 110.9 million, and $ 500.2 million, respectively, and $ 500.0 million for all years thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 66.4 | monetaryItemType | text: <entity> 66.4 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InvestmentIncomeInterestAndDividend |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 33.7 | monetaryItemType | text: <entity> 33.7 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InvestmentIncomeInterestAndDividend |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 14.7 | monetaryItemType | text: <entity> 14.7 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InvestmentIncomeInterestAndDividend |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 274.1 | monetaryItemType | text: <entity> 274.1 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InterestPaid |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 175.6 | monetaryItemType | text: <entity> 175.6 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InterestPaid |
Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. | text | 113.1 | monetaryItemType | text: <entity> 113.1 </entity> <entity type> monetaryItemType </entity type> <context> Interest and other financing expense, net, includes interest and dividend income of $ 66.4 million, $ 33.7 million, and $ 14.7 million in 2023, 2022, and 2021, respectively. Interest paid, net of interest and dividend income, amounted to $ 274.1 million, $ 175.6 million, and $ 113.1 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:InterestPaid |
In June 2023, the company terminated its outstanding forward-starting interest rate swaps and received a cash payment of $ 56.7 million, which is reported in the “Cash flows from financing activities” section of the consolidated statements of cash flows. The forecasted transactions related to the swaps continue to be probable to occur by December 31, 2025 and the $ 56.7 million gain on the termination of the interest rate swaps will remain in "Accumulated other comprehensive loss" on the company's consolidated balance sheets. | text | 56.7 | monetaryItemType | text: <entity> 56.7 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, the company terminated its outstanding forward-starting interest rate swaps and received a cash payment of $ 56.7 million, which is reported in the “Cash flows from financing activities” section of the consolidated statements of cash flows. The forecasted transactions related to the swaps continue to be probable to occur by December 31, 2025 and the $ 56.7 million gain on the termination of the interest rate swaps will remain in "Accumulated other comprehensive loss" on the company's consolidated balance sheets. </context> | us-gaap:ProceedsFromHedgeFinancingActivities |
In June 2023, the company terminated its outstanding forward-starting interest rate swaps and received a cash payment of $ 56.7 million, which is reported in the “Cash flows from financing activities” section of the consolidated statements of cash flows. The forecasted transactions related to the swaps continue to be probable to occur by December 31, 2025 and the $ 56.7 million gain on the termination of the interest rate swaps will remain in "Accumulated other comprehensive loss" on the company's consolidated balance sheets. | text | 56.7 | monetaryItemType | text: <entity> 56.7 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, the company terminated its outstanding forward-starting interest rate swaps and received a cash payment of $ 56.7 million, which is reported in the “Cash flows from financing activities” section of the consolidated statements of cash flows. The forecasted transactions related to the swaps continue to be probable to occur by December 31, 2025 and the $ 56.7 million gain on the termination of the interest rate swaps will remain in "Accumulated other comprehensive loss" on the company's consolidated balance sheets. </context> | us-gaap:GainLossOnSaleOfDerivatives |
The company’s foreign currency exposure relates primarily to international transactions where the currency collected from customers can be different from the currency used to purchase the product. The company’s primary exposures to such transactions are denominated primarily in the following currencies: Euro, Indian Rupee, and Canadian Dollar. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at December 31, 2023 and 2022 was $ 1.0 billion and $ 1.3 billion, respectively. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The company’s foreign currency exposure relates primarily to international transactions where the currency collected from customers can be different from the currency used to purchase the product. The company’s primary exposures to such transactions are denominated primarily in the following currencies: Euro, Indian Rupee, and Canadian Dollar. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at December 31, 2023 and 2022 was $ 1.0 billion and $ 1.3 billion, respectively. </context> | us-gaap:DerivativeNotionalAmount |
The company’s foreign currency exposure relates primarily to international transactions where the currency collected from customers can be different from the currency used to purchase the product. The company’s primary exposures to such transactions are denominated primarily in the following currencies: Euro, Indian Rupee, and Canadian Dollar. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at December 31, 2023 and 2022 was $ 1.0 billion and $ 1.3 billion, respectively. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> The company’s foreign currency exposure relates primarily to international transactions where the currency collected from customers can be different from the currency used to purchase the product. The company’s primary exposures to such transactions are denominated primarily in the following currencies: Euro, Indian Rupee, and Canadian Dollar. The company enters into foreign exchange forward, option, or swap contracts (collectively, the “foreign exchange contracts”) to facilitate the hedging of foreign currency exposures resulting from inventory purchases and sales and mitigate the impact of changes in foreign currency exchange rates related to these transactions. Foreign exchange contracts generally have terms of no more than six months. The company does not enter into foreign exchange contracts for trading purposes. The risk of loss on a foreign exchange contract is the risk of nonperformance by the counterparties, which the company minimizes by limiting its counterparties to major financial institutions. The fair value of the foreign exchange contracts is estimated using foreign currency spot rates and forward rates quotes by third-party financial institutions. The notional amount of the foreign exchange contracts inclusive of foreign exchange contracts designated as a net investment hedge at December 31, 2023 and 2022 was $ 1.0 billion and $ 1.3 billion, respectively. </context> | us-gaap:DerivativeNotionalAmount |
During the first quarter of 2023, a foreign exchange contract designated as a net investment hedge matured and the company received $ 10.7 million, which is reported in the “Cash flows from investing activities” section of the consolidated statements of cash flows. | text | 10.7 | monetaryItemType | text: <entity> 10.7 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2023, a foreign exchange contract designated as a net investment hedge matured and the company received $ 10.7 million, which is reported in the “Cash flows from investing activities” section of the consolidated statements of cash flows. </context> | us-gaap:ProceedsFromHedgeInvestingActivities |
At December 31, 2023, the company had a liability for unrecognized tax positions of $ 82.8 million. The timing of the resolution of these uncertain tax positions is dependent on the tax authorities’ income tax examination processes. Material changes are not expected; however, it is possible that the amount of unrecognized tax benefits with respect to uncertain tax positions could increase or decrease during 2024. Currently, the company is unable to make a reasonable estimate of when tax cash settlement would occur and how it would impact the effective tax rate. | text | 82.8 | monetaryItemType | text: <entity> 82.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, the company had a liability for unrecognized tax positions of $ 82.8 million. The timing of the resolution of these uncertain tax positions is dependent on the tax authorities’ income tax examination processes. Material changes are not expected; however, it is possible that the amount of unrecognized tax benefits with respect to uncertain tax positions could increase or decrease during 2024. Currently, the company is unable to make a reasonable estimate of when tax cash settlement would occur and how it would impact the effective tax rate. </context> | us-gaap:UnrecognizedTaxBenefits |
Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. | text | 4.0 | monetaryItemType | text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense |
Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. | text | 4.4 | monetaryItemType | text: <entity> 4.4 </entity> <entity type> monetaryItemType </entity type> <context> Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense |
Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense |
Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. | text | 17.5 | monetaryItemType | text: <entity> 17.5 </entity> <entity type> monetaryItemType </entity type> <context> Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. | text | 13.5 | monetaryItemType | text: <entity> 13.5 </entity> <entity type> monetaryItemType </entity type> <context> Interest costs related to unrecognized tax benefits are classified as a component of “Interest and other financing expense, net” in the company’s consolidated statements of operations. In 2023, 2022, and 2021, the company recognized $ 4.0 million, $ 4.4 million, and $ 1.3 million, respectively, of interest expense related to unrecognized tax benefits. At December 31, 2023 and 2022, the company had accrued a liability of $ 17.5 million and $ 13.5 million, respectively, for interest related to unrecognized tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
As of December 31, 2023, the company had deferred tax assets of approximately $ 8.8 million with a corresponding valuation allowance of $ 6.7 million, related to U.S. state net operating loss carryforwards. Valuation allowances are needed when deferred tax assets may not be realized due to the uncertainty of the timing and the ability of the company to generate sufficient future taxable income in certain tax jurisdictions. | text | 8.8 | monetaryItemType | text: <entity> 8.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the company had deferred tax assets of approximately $ 8.8 million with a corresponding valuation allowance of $ 6.7 million, related to U.S. state net operating loss carryforwards. Valuation allowances are needed when deferred tax assets may not be realized due to the uncertainty of the timing and the ability of the company to generate sufficient future taxable income in certain tax jurisdictions. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
As of December 31, 2023, the company had deferred tax assets of approximately $ 8.8 million with a corresponding valuation allowance of $ 6.7 million, related to U.S. state net operating loss carryforwards. Valuation allowances are needed when deferred tax assets may not be realized due to the uncertainty of the timing and the ability of the company to generate sufficient future taxable income in certain tax jurisdictions. | text | 6.7 | monetaryItemType | text: <entity> 6.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the company had deferred tax assets of approximately $ 8.8 million with a corresponding valuation allowance of $ 6.7 million, related to U.S. state net operating loss carryforwards. Valuation allowances are needed when deferred tax assets may not be realized due to the uncertainty of the timing and the ability of the company to generate sufficient future taxable income in certain tax jurisdictions. </context> | us-gaap:TaxCreditCarryforwardValuationAllowance |
At December 31, 2023, the company had approximately $ 4.8 billion in undistributed foreign earnings which it deems to be indefinitely reinvested, and approximately $ 2.1 billion in undistributed foreign earnings which it deems to be not permanently reinvested. The company recognizes that if it reverses its indefinite reinvestment assertion on $ 4.8 billion of foreign earnings, it may be subject to additional foreign taxes and U.S. state income taxes. | text | 4.8 | monetaryItemType | text: <entity> 4.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, the company had approximately $ 4.8 billion in undistributed foreign earnings which it deems to be indefinitely reinvested, and approximately $ 2.1 billion in undistributed foreign earnings which it deems to be not permanently reinvested. The company recognizes that if it reverses its indefinite reinvestment assertion on $ 4.8 billion of foreign earnings, it may be subject to additional foreign taxes and U.S. state income taxes. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
At December 31, 2023, the company had approximately $ 4.8 billion in undistributed foreign earnings which it deems to be indefinitely reinvested, and approximately $ 2.1 billion in undistributed foreign earnings which it deems to be not permanently reinvested. The company recognizes that if it reverses its indefinite reinvestment assertion on $ 4.8 billion of foreign earnings, it may be subject to additional foreign taxes and U.S. state income taxes. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, the company had approximately $ 4.8 billion in undistributed foreign earnings which it deems to be indefinitely reinvested, and approximately $ 2.1 billion in undistributed foreign earnings which it deems to be not permanently reinvested. The company recognizes that if it reverses its indefinite reinvestment assertion on $ 4.8 billion of foreign earnings, it may be subject to additional foreign taxes and U.S. state income taxes. </context> | us-gaap:ForeignEarningsRepatriated |
Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. | text | 29.4 | monetaryItemType | text: <entity> 29.4 </entity> <entity type> monetaryItemType </entity type> <context> Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. </context> | us-gaap:GainLossOnContractTermination |
Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. | text | 23.3 | monetaryItemType | text: <entity> 23.3 </entity> <entity type> monetaryItemType </entity type> <context> Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. </context> | us-gaap:OtherIncreaseDecreaseInEnvironmentalLiabilities |
Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. | text | 19.1 | monetaryItemType | text: <entity> 19.1 </entity> <entity type> monetaryItemType </entity type> <context> Other charges for 2023 include $ 29.4 million related to early lease terminations, $ 23.3 million related to an increase in environmental liabilities (see Note 15) and personnel charges of $ 19.1 million related to operating expense reduction initiatives. </context> | us-gaap:LaborAndRelatedExpense |
During the year ended December 31, 2023, the company retired 67.7 million shares of treasury stock with a cost of $ 5.1 billion. The company has 2.0 billion authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2023 and 2022. | text | 67.7 | sharesItemType | text: <entity> 67.7 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2023, the company retired 67.7 million shares of treasury stock with a cost of $ 5.1 billion. The company has 2.0 billion authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2023 and 2022. </context> | us-gaap:TreasuryStockSharesRetired |
During the year ended December 31, 2023, the company retired 67.7 million shares of treasury stock with a cost of $ 5.1 billion. The company has 2.0 billion authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2023 and 2022. | text | 5.1 | monetaryItemType | text: <entity> 5.1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the company retired 67.7 million shares of treasury stock with a cost of $ 5.1 billion. The company has 2.0 billion authorized shares of serial preferred stock with a par value of one dollar. There were no shares of serial preferred stock outstanding at December 31, 2023 and 2022. </context> | us-gaap:TreasuryStockRetiredCostMethodAmount |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 6.1 | sharesItemType | text: <entity> 6.1 </entity> <entity type> sharesItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:StockRepurchasedDuringPeriodShares |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 9.3 | sharesItemType | text: <entity> 9.3 </entity> <entity type> sharesItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:StockRepurchasedDuringPeriodShares |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 745.9 | monetaryItemType | text: <entity> 745.9 </entity> <entity type> monetaryItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:StockRepurchaseProgramAuthorizedAmount1 |
The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. | text | 576.2 | monetaryItemType | text: <entity> 576.2 </entity> <entity type> monetaryItemType </entity type> <context> The company repurchased 6.1 million shares and 9.3 million shares of common stock for $ 745.9 million and $ 1.0 billion, in 2023 and 2022, respectively, under the share-repurchase program excluding excise taxes. On January 31, 2023, the company’s Board of Directors approved a $ 1.0 billion increase to the company’s share-repurchase program. As of December 31, 2023, approximately $ 576.2 million remained available for repurchase under the share-repurchase program. The company’s share-repurchase program does not have an expiration date. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted | text | 24.0 | sharesItemType | text: <entity> 24.0 </entity> <entity type> sharesItemType </entity type> <context> Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted | text | 5.0 | sharesItemType | text: <entity> 5.0 </entity> <entity type> sharesItemType </entity type> <context> Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted | text | 5.6 | sharesItemType | text: <entity> 5.6 </entity> <entity type> sharesItemType </entity type> <context> Under the terms of the Omnibus Plan, a maximum of 24.0 million shares of common stock may be awarded. There were 5.0 million shares and 5.6 million shares available for grant under the Omnibus Plan as of December 31, 2023 and 2022, respectively. Generally, shares are counted against the authorization only to the extent that they are issued. Restricted </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 41.6 | monetaryItemType | text: <entity> 41.6 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:ShareBasedCompensation |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 42.9 | monetaryItemType | text: <entity> 42.9 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:ShareBasedCompensation |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 36.1 | monetaryItemType | text: <entity> 36.1 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:ShareBasedCompensation |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 8.9 | monetaryItemType | text: <entity> 8.9 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. | text | 8.6 | monetaryItemType | text: <entity> 8.6 </entity> <entity type> monetaryItemType </entity type> <context> The company records share-based payment awards exchanged for employee services at fair value on the date of grant and expenses the awards in the consolidated statements of operations on a straight-line basis over the requisite employee service period. Stock-based compensation expense includes an estimate for forfeitures. The company recorded, as a component of “Selling, general, and administrative expenses,” amortization of stock-based compensation of $ 41.6 million, $ 42.9 million, and $ 36.1 million in 2023, 2022, and 2021, respectively. The actual tax benefit realized from share-based payment awards during 2023, 2022, and 2021 was $ 8.9 million, $ 5.9 million, and $ 8.6 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. | text | 12.5 | monetaryItemType | text: <entity> 12.5 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. | text | 10.0 | monetaryItemType | text: <entity> 10.0 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. | text | 26.6 | monetaryItemType | text: <entity> 26.6 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during 2023, 2022, and 2021 was $ 12.5 million, $ 10.0 million, and $ 26.6 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. | text | 17.0 | monetaryItemType | text: <entity> 17.0 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. | text | 17.3 | monetaryItemType | text: <entity> 17.3 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. | text | 47.0 | monetaryItemType | text: <entity> 47.0 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from option exercises during 2023, 2022, and 2021 was $ 17.0 million, $ 17.3 million, and $ 47.0 million, respectively, and is included within the financing activities section in the company’s consolidated statements of cash flows. </context> | us-gaap:ProceedsFromStockOptionsExercised |
The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. | text | 50.9 | monetaryItemType | text: <entity> 50.9 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. | text | 47.3 | monetaryItemType | text: <entity> 47.3 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. | text | 37.3 | monetaryItemType | text: <entity> 37.3 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares vested during 2023, 2022, and 2021 was $ 50.9 million, $ 47.3 million, and $ 37.3 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
As of December 31, 2023, there was $ 33.9 million of total unrecognized compensation cost related to non-vested shares and stock options which is expected to be recognized over a weighted-average period of 2.2 years. | text | 33.9 | monetaryItemType | text: <entity> 33.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, there was $ 33.9 million of total unrecognized compensation cost related to non-vested shares and stock options which is expected to be recognized over a weighted-average period of 2.2 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
In 2023, 2022, and 2021, actuarial (losses) gains of $( 1.0 ) million, $ 19.5 million, and $ 4.2 million, respectively, were recognized in other comprehensive income, net of related taxes, related to the Arrow SERP. In 2022, prior service (costs) of $( 2.3 ) million were recognized in other comprehensive income, net of taxes. In 2023, 2022, and 2021, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for an actuarial (gain) loss of $( 0.5 ) million, $ 0.6 million, and $ 1.9 million, respectively. In 2023, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for prior service costs of $ 0.3 million. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, 2022, and 2021, actuarial (losses) gains of $( 1.0 ) million, $ 19.5 million, and $ 4.2 million, respectively, were recognized in other comprehensive income, net of related taxes, related to the Arrow SERP. In 2022, prior service (costs) of $( 2.3 ) million were recognized in other comprehensive income, net of taxes. In 2023, 2022, and 2021, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for an actuarial (gain) loss of $( 0.5 ) million, $ 0.6 million, and $ 1.9 million, respectively. In 2023, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for prior service costs of $ 0.3 million. </context> | us-gaap:DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear |
In 2023, 2022, and 2021, actuarial (losses) gains of $( 1.0 ) million, $ 19.5 million, and $ 4.2 million, respectively, were recognized in other comprehensive income, net of related taxes, related to the Arrow SERP. In 2022, prior service (costs) of $( 2.3 ) million were recognized in other comprehensive income, net of taxes. In 2023, 2022, and 2021, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for an actuarial (gain) loss of $( 0.5 ) million, $ 0.6 million, and $ 1.9 million, respectively. In 2023, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for prior service costs of $ 0.3 million. | text | 0.3 | monetaryItemType | text: <entity> 0.3 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, 2022, and 2021, actuarial (losses) gains of $( 1.0 ) million, $ 19.5 million, and $ 4.2 million, respectively, were recognized in other comprehensive income, net of related taxes, related to the Arrow SERP. In 2022, prior service (costs) of $( 2.3 ) million were recognized in other comprehensive income, net of taxes. In 2023, 2022, and 2021, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for an actuarial (gain) loss of $( 0.5 ) million, $ 0.6 million, and $ 1.9 million, respectively. In 2023, a reclassification adjustment of comprehensive income was recognized, net of related taxes, as a result of being recognized in net periodic pension cost for prior service costs of $ 0.3 million. </context> | us-gaap:OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 21.2 | monetaryItemType | text: <entity> 21.2 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 20.3 | monetaryItemType | text: <entity> 20.3 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 19.1 | monetaryItemType | text: <entity> 19.1 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 22.6 | monetaryItemType | text: <entity> 22.6 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 22.1 | monetaryItemType | text: <entity> 22.1 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. | text | 23.0 | monetaryItemType | text: <entity> 23.0 </entity> <entity type> monetaryItemType </entity type> <context> The company has defined contribution plans for eligible employees, which qualify under Section 401(k) of the Internal Revenue Code. The company’s contribution to the plans, which are based on a specified percentage of employee contributions, amounted to $ 21.2 million, $ 20.3 million, and $ 19.1 million in 2023, 2022, and 2021, respectively. Certain international subsidiaries maintain separate defined contribution plans for their employees and made contributions thereunder, which amounted to $ 22.6 million, $ 22.1 million, and $ 23.0 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. | text | 93.4 | monetaryItemType | text: <entity> 93.4 </entity> <entity type> monetaryItemType </entity type> <context> The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:LeaseCost |
The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. | text | 92.0 | monetaryItemType | text: <entity> 92.0 </entity> <entity type> monetaryItemType </entity type> <context> The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:LeaseCost |
The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. | text | 97.4 | monetaryItemType | text: <entity> 97.4 </entity> <entity type> monetaryItemType </entity type> <context> The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2032 . Substantially all leases are classified as operating leases. The company recorded operating lease costs of $ 93.4 million, $ 92.0 million, and $ 97.4 million in 2023, 2022, and 2021, respectively. </context> | us-gaap:LeaseCost |
During 2023, the company recorded net charges of $ 29.4 million related to early lease terminations in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. | text | 29.4 | monetaryItemType | text: <entity> 29.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the company recorded net charges of $ 29.4 million related to early lease terminations in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. </context> | us-gaap:GainLossOnTerminationOfLease |
As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $ 47.2 million from certain insurance carriers relating to environmental clean-up matters at the Norco and Huntsville sites, and continues to pursue additional recoveries from one insurer related solely to the Huntsville site. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time. | text | 47.2 | monetaryItemType | text: <entity> 47.2 </entity> <entity type> monetaryItemType </entity type> <context> As successor-in-interest to Wyle, the company is the beneficiary of various Wyle insurance policies that covered liabilities arising out of operations at Norco and Huntsville. To date, the company has recovered approximately $ 47.2 million from certain insurance carriers relating to environmental clean-up matters at the Norco and Huntsville sites, and continues to pursue additional recoveries from one insurer related solely to the Huntsville site. The company has not recorded a receivable for any potential future insurance recoveries related to the Norco and Huntsville environmental matters, as the realization of the claims for recovery are not deemed probable at this time. </context> | us-gaap:RecoveryOfDirectCosts |
The company recorded charges of $ 23.3 million and $ 2.5 million during 2023 and 2022, respectively, related to increases in the environmental liabilities for the Norco and Huntsville sites. These costs are included in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. | text | 23.3 | monetaryItemType | text: <entity> 23.3 </entity> <entity type> monetaryItemType </entity type> <context> The company recorded charges of $ 23.3 million and $ 2.5 million during 2023 and 2022, respectively, related to increases in the environmental liabilities for the Norco and Huntsville sites. These costs are included in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. </context> | us-gaap:EnvironmentalRemediationExpense |
The company recorded charges of $ 23.3 million and $ 2.5 million during 2023 and 2022, respectively, related to increases in the environmental liabilities for the Norco and Huntsville sites. These costs are included in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> The company recorded charges of $ 23.3 million and $ 2.5 million during 2023 and 2022, respectively, related to increases in the environmental liabilities for the Norco and Huntsville sites. These costs are included in “Restructuring, integration, and other charges” on the company’s consolidated statements of operations. </context> | us-gaap:EnvironmentalRemediationExpense |
During 2023 and 2021, the company received $ 62.2 million and $ 12.5 million, respectively, in settlement funds in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative expenses” in the company’s consolidated statements of operations. | text | 62.2 | monetaryItemType | text: <entity> 62.2 </entity> <entity type> monetaryItemType </entity type> <context> During 2023 and 2021, the company received $ 62.2 million and $ 12.5 million, respectively, in settlement funds in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative expenses” in the company’s consolidated statements of operations. </context> | us-gaap:ProceedsFromLegalSettlements |
During 2023 and 2021, the company received $ 62.2 million and $ 12.5 million, respectively, in settlement funds in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative expenses” in the company’s consolidated statements of operations. | text | 12.5 | monetaryItemType | text: <entity> 12.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2023 and 2021, the company received $ 62.2 million and $ 12.5 million, respectively, in settlement funds in connection with claims filed against certain manufacturers of aluminum, tantalum, and film capacitors who allegedly colluded to fix the price of capacitors from 2001 through 2014. These amounts were recorded as a reduction to “Selling, general, and administrative expenses” in the company’s consolidated statements of operations. </context> | us-gaap:ProceedsFromLegalSettlements |
The company has two reportable segments, the global components business and the global enterprise computing solutions (“ECS”) business. The company’s global components business, enabled by a comprehensive range of value-added capabilities and services, markets and distributes electronic components to original equipment manufacturers (“OEMs”) and contract manufacturers (“CMs”). The company’s global ECS business is a leading value-added provider of comprehensive computing solutions and services. The global ECS portfolio of computing solutions includes datacenter, cloud, security, and analytics solutions. Global ECS brings broad market access, extensive supplier relationships, scale, and resources to help its value-added resellers (“VARs”) and managed service providers (“MSPs”) meet the needs of their end-users. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> The company has two reportable segments, the global components business and the global enterprise computing solutions (“ECS”) business. The company’s global components business, enabled by a comprehensive range of value-added capabilities and services, markets and distributes electronic components to original equipment manufacturers (“OEMs”) and contract manufacturers (“CMs”). The company’s global ECS business is a leading value-added provider of comprehensive computing solutions and services. The global ECS portfolio of computing solutions includes datacenter, cloud, security, and analytics solutions. Global ECS brings broad market access, extensive supplier relationships, scale, and resources to help its value-added resellers (“VARs”) and managed service providers (“MSPs”) meet the needs of their end-users. </context> | us-gaap:NumberOfReportableSegments |
The company operates in more than 85 countries worldwide. Sales to unaffiliated customers are based on the company location that maintains the customer relationship and transacts the external sale. | text | 85 | integerItemType | text: <entity> 85 </entity> <entity type> integerItemType </entity type> <context> The company operates in more than 85 countries worldwide. Sales to unaffiliated customers are based on the company location that maintains the customer relationship and transacts the external sale. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
The Company has an approximate 56 % | text | 56 | percentItemType | text: <entity> 56 </entity> <entity type> percentItemType </entity type> <context> The Company has an approximate 56 % </context> | us-gaap:SaleOfStockPercentageOfOwnershipAfterTransaction |
The Company also owns LV Lion Holding Limited (together with its subsidiaries, “LeoVegas”), a consolidated subsidiary that has global online gaming operations headquartered in Sweden and Malta. Additionally, the Company and its venture partner, Entain plc, each have a 50 % ownership interest in BetMGM, LLC (“BetMGM North America Venture”), an unconsolidated affiliate, which provides online sports betting and gaming in certain jurisdictions in North America. The Company also has a 50 % ownership interest in Osaka IR KK, an unconsolidated affiliate, which is developing an integrated resort in Osaka, Japan. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Company also owns LV Lion Holding Limited (together with its subsidiaries, “LeoVegas”), a consolidated subsidiary that has global online gaming operations headquartered in Sweden and Malta. Additionally, the Company and its venture partner, Entain plc, each have a 50 % ownership interest in BetMGM, LLC (“BetMGM North America Venture”), an unconsolidated affiliate, which provides online sports betting and gaming in certain jurisdictions in North America. The Company also has a 50 % ownership interest in Osaka IR KK, an unconsolidated affiliate, which is developing an integrated resort in Osaka, Japan. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. | text | 388 | monetaryItemType | text: <entity> 388 </entity> <entity type> monetaryItemType </entity type> <context> Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. </context> | us-gaap:EquitySecuritiesFvNiCurrentAndNoncurrent |
Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. | text | 435 | monetaryItemType | text: <entity> 435 </entity> <entity type> monetaryItemType </entity type> <context> Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. </context> | us-gaap:EquitySecuritiesFvNiCurrentAndNoncurrent |
Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. | text | 47 | monetaryItemType | text: <entity> 47 </entity> <entity type> monetaryItemType </entity type> <context> Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. </context> | us-gaap:EquitySecuritiesFvNiGainLoss |
Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. </context> | us-gaap:EquitySecuritiesFvNiGainLoss |
Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $ 388 million and $ 435 million as of December 31, 2024 and 2023, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses on equity investments are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2024 and December 31, 2023, the Company recorded a net loss on its equity investments of $ 47 million and $ 26 million, respectively. For the year ended December 31, 2022, the Company recorded a net gain on its equity investments of $ 10 million. </context> | us-gaap:EquitySecuritiesFvNiGainLoss |
As of December 31, 2024, the Company has forward currency exchange contracts to manage its exposure to changes in foreign currency exchange rates. As of December 31, 2024, the fair value of derivatives classified as liabilities were $ 96 million, with $ 57 million in current liabilities and $ 39 million in long-term liabilities. As of December 31, 2023, the fair value of derivatives classified as assets were $ 10 million, with $ 1 million in current assets and $ 9 million in long-term assets, and liabilities of $ 17 million, with $ 8 million in current liabilities and $ 9 million in long-term liabilities. | text | 96 | monetaryItemType | text: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company has forward currency exchange contracts to manage its exposure to changes in foreign currency exchange rates. As of December 31, 2024, the fair value of derivatives classified as liabilities were $ 96 million, with $ 57 million in current liabilities and $ 39 million in long-term liabilities. As of December 31, 2023, the fair value of derivatives classified as assets were $ 10 million, with $ 1 million in current assets and $ 9 million in long-term assets, and liabilities of $ 17 million, with $ 8 million in current liabilities and $ 9 million in long-term liabilities. </context> | us-gaap:DerivativeLiabilities |
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