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We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. </context> | us-gaap:OperatingLeaseImpairmentLoss |
We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> We have subleases related to certain of our operating leases. For the years ended December 31, 2024, 2023 and 2022, we recognized $ 6 million, $ 10 million and $ 10 million, respectively, of sublease income. For the years ended December 31, 2024 and 2023, we recognized impairment costs of $ 6 million and $ 16 million, respectively, within impairments and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group. </context> | us-gaap:OperatingLeaseImpairmentLoss |
Agreement was amended and renewed on September 6, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> Agreement was amended and renewed on September 6, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Agreement was amended and renewed on September 6, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> Agreement was amended and renewed on September 6, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Agreement was amended and renewed on May 2, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> Agreement was amended and renewed on May 2, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Agreement was amended and renewed on May 2, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> Agreement was amended and renewed on May 2, 2024, increasing the total maximum borrowing capacity from $ 100 million to $ 150 million. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
call provisions that provide the Lenders with certain rights in the event of a decline in the market value of the assets purchased under the master repurchase agreements. As of December 31, 2024 and 2023, $ 151 million and $ 99 million, respectively, in mortgage loans held for sale were pledged as collateral under the master repurchase agreements. | text | 151 | monetaryItemType | text: <entity> 151 </entity> <entity type> monetaryItemType </entity type> <context> call provisions that provide the Lenders with certain rights in the event of a decline in the market value of the assets purchased under the master repurchase agreements. As of December 31, 2024 and 2023, $ 151 million and $ 99 million, respectively, in mortgage loans held for sale were pledged as collateral under the master repurchase agreements. </context> | us-gaap:ShortTermBorrowings |
call provisions that provide the Lenders with certain rights in the event of a decline in the market value of the assets purchased under the master repurchase agreements. As of December 31, 2024 and 2023, $ 151 million and $ 99 million, respectively, in mortgage loans held for sale were pledged as collateral under the master repurchase agreements. | text | 99 | monetaryItemType | text: <entity> 99 </entity> <entity type> monetaryItemType </entity type> <context> call provisions that provide the Lenders with certain rights in the event of a decline in the market value of the assets purchased under the master repurchase agreements. As of December 31, 2024 and 2023, $ 151 million and $ 99 million, respectively, in mortgage loans held for sale were pledged as collateral under the master repurchase agreements. </context> | us-gaap:ShortTermBorrowings |
Effective January 1, 2022, we adopted new guidance which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. Upon adoption of the new accounting guidance, we recorded a decrease to additional paid-in capital, an increase to long-term debt and a cumulative-effect adjustment to accumulated deficit of $ 156 million. | text | 156 | monetaryItemType | text: <entity> 156 </entity> <entity type> monetaryItemType </entity type> <context> Effective January 1, 2022, we adopted new guidance which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. Upon adoption of the new accounting guidance, we recorded a decrease to additional paid-in capital, an increase to long-term debt and a cumulative-effect adjustment to accumulated deficit of $ 156 million. </context> | us-gaap:StockholdersEquity |
The 2024 Notes matured on September 1, 2024. During the period from March 1, 2024 through the close of business on August 29, 2024, holders of the 2024 Notes elected to convert all outstanding 2024 Notes in accordance with the terms of the indenture. We settled these conversions with aggregate cash payments totaling $ 610 million, which included $ 608 million in principal repayments, $ 2 million for accrued interest and a nominal cash payment in lieu of fractional shares, and the issuance of 1.9 million shares of Class C capital stock. | text | 1.9 | sharesItemType | text: <entity> 1.9 </entity> <entity type> sharesItemType </entity type> <context> The 2024 Notes matured on September 1, 2024. During the period from March 1, 2024 through the close of business on August 29, 2024, holders of the 2024 Notes elected to convert all outstanding 2024 Notes in accordance with the terms of the indenture. We settled these conversions with aggregate cash payments totaling $ 610 million, which included $ 608 million in principal repayments, $ 2 million for accrued interest and a nominal cash payment in lieu of fractional shares, and the issuance of 1.9 million shares of Class C capital stock. </context> | us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities |
During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. | text | 88 | monetaryItemType | text: <entity> 88 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. | text | 89 | monetaryItemType | text: <entity> 89 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. </context> | us-gaap:RepaymentsOfConvertibleDebt |
During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024 and in accordance with our Repurchase Authorizations, we repurchased $ 88 million aggregate principal amount of the 2025 Notes through open market transactions for $ 89 million in cash, including accrued interest, resulting in a loss on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. During the year ended December 31, 2023 and in accordance with our Repurchase Authorizations, we repurchased $ 58 million aggregate principal amount of the 2025 Notes through open market transactions for $ 57 million in cash, including accrued interest, resulting in a gain on extinguishment of debt of $ 1 million recognized in our consolidated statements of operations. For additional information on the Repurchase Authorizations, see Note 12 under the subsection titled “Share Repurchase Authorizations.” On or after November 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date for the 2025 Notes, holders may convert the 2025 Notes at their option at the applicable Conversion Rate then in effect. Any conversions of the 2025 Notes will be settled on the maturity date. </context> | us-gaap:RepaymentsOfConvertibleDebt |
On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. | text | 498 | monetaryItemType | text: <entity> 498 </entity> <entity type> monetaryItemType </entity type> <context> On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. </context> | us-gaap:DebtConversionConvertedInstrumentAmount1 |
On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. | text | 4.5 | sharesItemType | text: <entity> 4.5 </entity> <entity type> sharesItemType </entity type> <context> On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. </context> | us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities |
On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> On October 8, 2024, we submitted notice to the trustee to exercise our right to redeem the remaining $ 499 million in aggregate principal amount of the 2026 Notes on December 18, 2024 (the “Redemption Date”). Holders of the 2026 Notes elected to convert $ 498 million of aggregate principal amount prior to the Redemption Date. We settled these conversions with aggregate cash payments totaling $ 498 million covering principal and cash in lieu of fractional shares, and the issuance of 4.5 million shares of Class C capital stock. In addition, on the Redemption Date, the Company redeemed the remaining $ 1 million in aggregate principal amount of 2026 Notes that had not been surrendered for conversion at a redemption price in cash equal to 100 % of the principal amount of 2026 Notes not converted, plus accrued and unpaid interest on such 2026 Notes from September 1, 2024 to, but excluding, the Redemption Date. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. </context> | us-gaap:IncomeTaxExpenseBenefit |
We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. </context> | us-gaap:IncomeTaxExpenseBenefit |
We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> We are subject to income taxes in the United States (federal and state) and certain foreign jurisdictions. We recorded income tax expense of $ 5 million, $ 4 million, and $ 3 million for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 respectively, primarily due to state taxes. </context> | us-gaap:IncomeTaxExpenseBenefit |
Realization of deferred tax assets is dependent upon the generation of future taxable income, if any, the timing and amount of which are uncertain. We have provided a full valuation allowance against the net deferred tax assets as of December 31, 2024 and 2023 because, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets will not be realized. The valuation allowance increased by $ 49 million and $ 22 million during the years ended December 31, 2024 and 2023, respectively. | text | 49 | monetaryItemType | text: <entity> 49 </entity> <entity type> monetaryItemType </entity type> <context> Realization of deferred tax assets is dependent upon the generation of future taxable income, if any, the timing and amount of which are uncertain. We have provided a full valuation allowance against the net deferred tax assets as of December 31, 2024 and 2023 because, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets will not be realized. The valuation allowance increased by $ 49 million and $ 22 million during the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
Realization of deferred tax assets is dependent upon the generation of future taxable income, if any, the timing and amount of which are uncertain. We have provided a full valuation allowance against the net deferred tax assets as of December 31, 2024 and 2023 because, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets will not be realized. The valuation allowance increased by $ 49 million and $ 22 million during the years ended December 31, 2024 and 2023, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> Realization of deferred tax assets is dependent upon the generation of future taxable income, if any, the timing and amount of which are uncertain. We have provided a full valuation allowance against the net deferred tax assets as of December 31, 2024 and 2023 because, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets will not be realized. The valuation allowance increased by $ 49 million and $ 22 million during the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 66 | monetaryItemType | text: <entity> 66 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 56 | monetaryItemType | text: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 205 | monetaryItemType | text: <entity> 205 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. | text | 166 | monetaryItemType | text: <entity> 166 </entity> <entity type> monetaryItemType </entity type> <context> We have accumulated federal net operating losses of approximately $ 1.3 billion and $ 1.4 billion, as of December 31, 2024 and 2023, respectively, which are available to reduce future taxable income. We have accumulated state net operating losses of approximately $ 66 million and $ 56 million (tax effected) as of December 31, 2024 and 2023, respectively. Federal net operating losses generated in taxable periods on or before December 31, 2017 have a twenty-year carryforward period and begin to expire in 2036. Federal net operating loss carryforwards generated in taxable years beginning after December 31, 2017 may be carried forward indefinitely, but the deductibility of such net operating loss carryforwards in taxable years beginning after December 31, 2020 is limited to 80% of taxable income. State net operating loss carryforward periods for the various state jurisdictions generally range from three years to indefinite-lived and began to expire in 2024. Additionally, we have net research and development credit carryforwards of $ 205 million and $ 166 million as of December 31, 2024 and 2023, respectively, which are available to reduce future tax liabilities. The research and development credit carryforwards begin to expire in 2025. Under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change”, the corporation’s ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research and development credits, to offset its post-change taxable income or income tax liability may be limited. We have completed a detailed study and concluded there were multiple ownership changes, triggering the application of Section 382 of the Internal Revenue Code. Based on our most recent analysis, we do not currently anticipate any material reduction in our ability to utilize our net operating loss and tax credit carryforwards under these rules. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2024, the total amount of unrecognized tax benefits of $ 115 million is recorded as a reduction to our deferred tax asset when available. We do not anticipate that the amount of existing unrecognized tax benefits will significantly increase or decrease within the next 12 months. Accrued interest and penalties related to unrecognized tax benefits are recorded as income tax expense and are not material. | text | 115 | monetaryItemType | text: <entity> 115 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the total amount of unrecognized tax benefits of $ 115 million is recorded as a reduction to our deferred tax asset when available. We do not anticipate that the amount of existing unrecognized tax benefits will significantly increase or decrease within the next 12 months. Accrued interest and penalties related to unrecognized tax benefits are recorded as income tax expense and are not material. </context> | us-gaap:UnrecognizedTaxBenefits |
Repurchases of stock under the Repurchase Authorizations may be made in open-market transactions or privately negotiated transactions, or in such other manner as deemed appropriate by management, and may be made from time to time as determined by management depending on market conditions, share price, trading volume, cash needs and other business factors, in each case as permitted by securities laws and other legal requirements. As of December 31, 2024, $ 381 million remained available for future repurchases pursuant to the Repurchase Authorizations. | text | 381 | monetaryItemType | text: <entity> 381 </entity> <entity type> monetaryItemType </entity type> <context> Repurchases of stock under the Repurchase Authorizations may be made in open-market transactions or privately negotiated transactions, or in such other manner as deemed appropriate by management, and may be made from time to time as determined by management depending on market conditions, share price, trading volume, cash needs and other business factors, in each case as permitted by securities laws and other legal requirements. As of December 31, 2024, $ 381 million remained available for future repurchases pursuant to the Repurchase Authorizations. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
On June 9, 2020, the Zillow Group, Inc. 2020 Incentive Plan (the “2020 Plan”) became effective, which replaces the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”), which became effective July 19, 2011. Subject to adjustment from time to time as provided in the 2020 Plan, a total of 12 million shares of Class C capital stock are authorized for issuance under the 2020 Plan. In addition, shares previously available for new grants under the 2011 Plan as of June 9, 2020 and shares subject to outstanding awards under the 2011 Plan as of June 9, 2020 that on or after that date cease to be subject to such awards (other than by reason of exercise or settlement of the awards in vested or nonforfeitable shares) are also available for issuance under the 2020 Plan. The number of shares authorized under the 2020 Plan will be increased on the first day of each calendar year, beginning January 1, 2021 and ending on and including January 1, 2030, by an amount equal to the lesser of (a) 5 % of our outstanding Class A common stock, Class B common stock and Class C capital stock on a fully diluted basis as of the end of the immediately preceding calendar year and (b) a number of shares determined by our Board. Shares issued under the 2020 plan may be issued from authorized and unissued shares of Class C capital stock. The 2020 Plan is administered by the Compensation Committee of the Board (the “Compensation Committee”). Under the terms of the 2020 Plan, the Compensation Committee may grant equity awards, including incentive or nonqualified stock options, restricted stock, restricted stock units, restricted units, stock appreciation rights, performance shares or performance units to employees, directors and consultants of Zillow Group and its subsidiaries. The Board has also authorized certain senior executive officers to grant equity awards under the 2020 Plan, within limits prescribed by our Board. | text | 12 | sharesItemType | text: <entity> 12 </entity> <entity type> sharesItemType </entity type> <context> On June 9, 2020, the Zillow Group, Inc. 2020 Incentive Plan (the “2020 Plan”) became effective, which replaces the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”), which became effective July 19, 2011. Subject to adjustment from time to time as provided in the 2020 Plan, a total of 12 million shares of Class C capital stock are authorized for issuance under the 2020 Plan. In addition, shares previously available for new grants under the 2011 Plan as of June 9, 2020 and shares subject to outstanding awards under the 2011 Plan as of June 9, 2020 that on or after that date cease to be subject to such awards (other than by reason of exercise or settlement of the awards in vested or nonforfeitable shares) are also available for issuance under the 2020 Plan. The number of shares authorized under the 2020 Plan will be increased on the first day of each calendar year, beginning January 1, 2021 and ending on and including January 1, 2030, by an amount equal to the lesser of (a) 5 % of our outstanding Class A common stock, Class B common stock and Class C capital stock on a fully diluted basis as of the end of the immediately preceding calendar year and (b) a number of shares determined by our Board. Shares issued under the 2020 plan may be issued from authorized and unissued shares of Class C capital stock. The 2020 Plan is administered by the Compensation Committee of the Board (the “Compensation Committee”). Under the terms of the 2020 Plan, the Compensation Committee may grant equity awards, including incentive or nonqualified stock options, restricted stock, restricted stock units, restricted units, stock appreciation rights, performance shares or performance units to employees, directors and consultants of Zillow Group and its subsidiaries. The Board has also authorized certain senior executive officers to grant equity awards under the 2020 Plan, within limits prescribed by our Board. </context> | us-gaap:CommonStockCapitalSharesReservedForFutureIssuance |
On June 9, 2020, the Zillow Group, Inc. 2020 Incentive Plan (the “2020 Plan”) became effective, which replaces the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”), which became effective July 19, 2011. Subject to adjustment from time to time as provided in the 2020 Plan, a total of 12 million shares of Class C capital stock are authorized for issuance under the 2020 Plan. In addition, shares previously available for new grants under the 2011 Plan as of June 9, 2020 and shares subject to outstanding awards under the 2011 Plan as of June 9, 2020 that on or after that date cease to be subject to such awards (other than by reason of exercise or settlement of the awards in vested or nonforfeitable shares) are also available for issuance under the 2020 Plan. The number of shares authorized under the 2020 Plan will be increased on the first day of each calendar year, beginning January 1, 2021 and ending on and including January 1, 2030, by an amount equal to the lesser of (a) 5 % of our outstanding Class A common stock, Class B common stock and Class C capital stock on a fully diluted basis as of the end of the immediately preceding calendar year and (b) a number of shares determined by our Board. Shares issued under the 2020 plan may be issued from authorized and unissued shares of Class C capital stock. The 2020 Plan is administered by the Compensation Committee of the Board (the “Compensation Committee”). Under the terms of the 2020 Plan, the Compensation Committee may grant equity awards, including incentive or nonqualified stock options, restricted stock, restricted stock units, restricted units, stock appreciation rights, performance shares or performance units to employees, directors and consultants of Zillow Group and its subsidiaries. The Board has also authorized certain senior executive officers to grant equity awards under the 2020 Plan, within limits prescribed by our Board. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> On June 9, 2020, the Zillow Group, Inc. 2020 Incentive Plan (the “2020 Plan”) became effective, which replaces the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”), which became effective July 19, 2011. Subject to adjustment from time to time as provided in the 2020 Plan, a total of 12 million shares of Class C capital stock are authorized for issuance under the 2020 Plan. In addition, shares previously available for new grants under the 2011 Plan as of June 9, 2020 and shares subject to outstanding awards under the 2011 Plan as of June 9, 2020 that on or after that date cease to be subject to such awards (other than by reason of exercise or settlement of the awards in vested or nonforfeitable shares) are also available for issuance under the 2020 Plan. The number of shares authorized under the 2020 Plan will be increased on the first day of each calendar year, beginning January 1, 2021 and ending on and including January 1, 2030, by an amount equal to the lesser of (a) 5 % of our outstanding Class A common stock, Class B common stock and Class C capital stock on a fully diluted basis as of the end of the immediately preceding calendar year and (b) a number of shares determined by our Board. Shares issued under the 2020 plan may be issued from authorized and unissued shares of Class C capital stock. The 2020 Plan is administered by the Compensation Committee of the Board (the “Compensation Committee”). Under the terms of the 2020 Plan, the Compensation Committee may grant equity awards, including incentive or nonqualified stock options, restricted stock, restricted stock units, restricted units, stock appreciation rights, performance shares or performance units to employees, directors and consultants of Zillow Group and its subsidiaries. The Board has also authorized certain senior executive officers to grant equity awards under the 2020 Plan, within limits prescribed by our Board. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum |
On August 8, 2019, the 2019 Equity Inducement Plan (“Inducement Plan”) became effective. Subject to adjustment from time to time as provided in the Inducement Plan, 10 million shares of Class C capital stock are available for issuance under the Inducement Plan. Shares issued under the Inducement Plan shall be drawn from authorized and unissued shares of Class C capital stock. The purpose of the Inducement Plan is to attract, retain and motivate certain new employees of the Company and its subsidiaries by providing them the opportunity to acquire a proprietary interest in the Company and to align their interests and efforts to the long-term interests of the Company’s shareholders. Each award under the Inducement Plan is intended to qualify as an employment inducement award pursuant to Listing Rule 5635(c) of the corporate governance rules of the NASDAQ Stock Market. The Inducement Plan is administered by the Compensation Committee. Under the terms of the Inducement Plan, the Compensation Committee may grant equity awards, including nonqualified stock options, restricted stock or restricted stock units or restricted units to new employees of the Company and its subsidiaries. | text | 10 | sharesItemType | text: <entity> 10 </entity> <entity type> sharesItemType </entity type> <context> On August 8, 2019, the 2019 Equity Inducement Plan (“Inducement Plan”) became effective. Subject to adjustment from time to time as provided in the Inducement Plan, 10 million shares of Class C capital stock are available for issuance under the Inducement Plan. Shares issued under the Inducement Plan shall be drawn from authorized and unissued shares of Class C capital stock. The purpose of the Inducement Plan is to attract, retain and motivate certain new employees of the Company and its subsidiaries by providing them the opportunity to acquire a proprietary interest in the Company and to align their interests and efforts to the long-term interests of the Company’s shareholders. Each award under the Inducement Plan is intended to qualify as an employment inducement award pursuant to Listing Rule 5635(c) of the corporate governance rules of the NASDAQ Stock Market. The Inducement Plan is administered by the Compensation Committee. Under the terms of the Inducement Plan, the Compensation Committee may grant equity awards, including nonqualified stock options, restricted stock or restricted stock units or restricted units to new employees of the Company and its subsidiaries. </context> | us-gaap:CommonStockCapitalSharesReservedForFutureIssuance |
On August 3, 2022, upon recommendation of the Compensation Committee, the Board approved adjustments to the exercise price of certain outstanding vested and unvested option awards for eligible employees. The exercise price of eligible option awards was reduced to $ 38.78 , which was the closing market price of our Class C capital stock on August 8, 2022. No other changes were made to the terms and conditions of the eligible option awards. We accounted for the reprice of the eligible option awards as an equity modification whereby the incremental fair value attributable to the repriced option awards, as measured on the date of reprice, has been recognized as additional share-based compensation expense. The reprice impacted 7 million stock option awards, affected 3,348 employees and was expected to result in incremental share-based compensation expense of $ 66 million in total over the remaining requisite service period of the original awards. The weighted-average total fair value of options repriced in August 2022 was $ 67.58 . | text | 38.78 | perShareItemType | text: <entity> 38.78 </entity> <entity type> perShareItemType </entity type> <context> On August 3, 2022, upon recommendation of the Compensation Committee, the Board approved adjustments to the exercise price of certain outstanding vested and unvested option awards for eligible employees. The exercise price of eligible option awards was reduced to $ 38.78 , which was the closing market price of our Class C capital stock on August 8, 2022. No other changes were made to the terms and conditions of the eligible option awards. We accounted for the reprice of the eligible option awards as an equity modification whereby the incremental fair value attributable to the repriced option awards, as measured on the date of reprice, has been recognized as additional share-based compensation expense. The reprice impacted 7 million stock option awards, affected 3,348 employees and was expected to result in incremental share-based compensation expense of $ 66 million in total over the remaining requisite service period of the original awards. The weighted-average total fair value of options repriced in August 2022 was $ 67.58 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice |
On August 3, 2022, upon recommendation of the Compensation Committee, the Board approved adjustments to the exercise price of certain outstanding vested and unvested option awards for eligible employees. The exercise price of eligible option awards was reduced to $ 38.78 , which was the closing market price of our Class C capital stock on August 8, 2022. No other changes were made to the terms and conditions of the eligible option awards. We accounted for the reprice of the eligible option awards as an equity modification whereby the incremental fair value attributable to the repriced option awards, as measured on the date of reprice, has been recognized as additional share-based compensation expense. The reprice impacted 7 million stock option awards, affected 3,348 employees and was expected to result in incremental share-based compensation expense of $ 66 million in total over the remaining requisite service period of the original awards. The weighted-average total fair value of options repriced in August 2022 was $ 67.58 . | text | 3348 | integerItemType | text: <entity> 3348 </entity> <entity type> integerItemType </entity type> <context> On August 3, 2022, upon recommendation of the Compensation Committee, the Board approved adjustments to the exercise price of certain outstanding vested and unvested option awards for eligible employees. The exercise price of eligible option awards was reduced to $ 38.78 , which was the closing market price of our Class C capital stock on August 8, 2022. No other changes were made to the terms and conditions of the eligible option awards. We accounted for the reprice of the eligible option awards as an equity modification whereby the incremental fair value attributable to the repriced option awards, as measured on the date of reprice, has been recognized as additional share-based compensation expense. The reprice impacted 7 million stock option awards, affected 3,348 employees and was expected to result in incremental share-based compensation expense of $ 66 million in total over the remaining requisite service period of the original awards. The weighted-average total fair value of options repriced in August 2022 was $ 67.58 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfEmployeesAffected |
As of December 31, 2024, there was a total of $ 217 million in unrecognized compensation cost related to unvested option awards, which is expected to be recognized over a weighted-average period of 2.1 years. | text | 217 | monetaryItemType | text: <entity> 217 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was a total of $ 217 million in unrecognized compensation cost related to unvested option awards, which is expected to be recognized over a weighted-average period of 2.1 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 148 | monetaryItemType | text: <entity> 148 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 214 | monetaryItemType | text: <entity> 214 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 215 | monetaryItemType | text: <entity> 215 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 |
The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. | text | 226 | monetaryItemType | text: <entity> 226 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 148 million, $ 20 million and $ 13 million, respectively. The fair value of options vested for the years ended December 31, 2024, 2023 and 2022 was $ 214 million, $ 215 million and $ 226 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 |
The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. | text | 310 | monetaryItemType | text: <entity> 310 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. | text | 292 | monetaryItemType | text: <entity> 292 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. | text | 247 | monetaryItemType | text: <entity> 247 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of restricted stock units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 310 million, $ 292 million and $ 247 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
As of December 31, 2024, there was $ 544 million of total unrecognized compensation cost related to restricted stock units, which is expected to be recognized over a weighted-average period of 2.4 years. | text | 544 | monetaryItemType | text: <entity> 544 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was $ 544 million of total unrecognized compensation cost related to restricted stock units, which is expected to be recognized over a weighted-average period of 2.4 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
We have applied the if-converted method for calculating any potential dilutive effect of the conversion of the outstanding Notes on diluted net loss per share and diluted net loss from continuing operations per share, if applicable. The 2025 Notes have a maximum number of 6.2 million underlying shares and a conversion price per share of Class C capital stock of $ 67.20 based on the aggregate principal amount outstanding as of December 31, 2024. | text | 6.2 | sharesItemType | text: <entity> 6.2 </entity> <entity type> sharesItemType </entity type> <context> We have applied the if-converted method for calculating any potential dilutive effect of the conversion of the outstanding Notes on diluted net loss per share and diluted net loss from continuing operations per share, if applicable. The 2025 Notes have a maximum number of 6.2 million underlying shares and a conversion price per share of Class C capital stock of $ 67.20 based on the aggregate principal amount outstanding as of December 31, 2024. </context> | us-gaap:IncrementalCommonSharesAttributableToConversionOfDebtSecurities |
We have applied the if-converted method for calculating any potential dilutive effect of the conversion of the outstanding Notes on diluted net loss per share and diluted net loss from continuing operations per share, if applicable. The 2025 Notes have a maximum number of 6.2 million underlying shares and a conversion price per share of Class C capital stock of $ 67.20 based on the aggregate principal amount outstanding as of December 31, 2024. | text | 67.20 | perShareItemType | text: <entity> 67.20 </entity> <entity type> perShareItemType </entity type> <context> We have applied the if-converted method for calculating any potential dilutive effect of the conversion of the outstanding Notes on diluted net loss per share and diluted net loss from continuing operations per share, if applicable. The 2025 Notes have a maximum number of 6.2 million underlying shares and a conversion price per share of Class C capital stock of $ 67.20 based on the aggregate principal amount outstanding as of December 31, 2024. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
As of December 31, 2024 and 2023, we have outstanding letters of credit of approximately $ 9 million and $ 11 million, respectively, which secure our lease obligations in connection with certain of our office space operating leases. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we have outstanding letters of credit of approximately $ 9 million and $ 11 million, respectively, which secure our lease obligations in connection with certain of our office space operating leases. </context> | us-gaap:LettersOfCreditOutstandingAmount |
As of December 31, 2024 and 2023, we have outstanding letters of credit of approximately $ 9 million and $ 11 million, respectively, which secure our lease obligations in connection with certain of our office space operating leases. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we have outstanding letters of credit of approximately $ 9 million and $ 11 million, respectively, which secure our lease obligations in connection with certain of our office space operating leases. </context> | us-gaap:LettersOfCreditOutstandingAmount |
On November 16, 2021, November 19, 2021 and January 6, 2022, three purported class action lawsuits were filed against us and certain of our executive officers, alleging, among other things, violations of federal securities laws on behalf of a class of those who purchased our stock between August 7, 2020 and November 2, 2021. The three purported class action lawsuits, captioned Barua v. Zillow Group, Inc. et al., Silverberg v. Zillow Group, et al. and Hillier v. Zillow Group, Inc. et al. were brought in the Court and were consolidated on February 16, 2022 (the “Federal Securities Suit”). On May 12, 2022, the plaintiffs filed their amended consolidated complaint which alleges, among other things, that we issued materially false and misleading statements regarding our Zillow Offers business. The complaints seek to recover, among other things, alleged damages sustained by the purported class members as a result of the alleged misconduct. On December 7, 2022, the Court rendered its decision granting our previously filed motion to dismiss, in part, and denying the motion, in part. On January 23, 2023, we filed our answer to the consolidated complaint. On March 14, 2024, plaintiffs filed a motion for class certification, which was granted on August 23, 2024. On September 6, 2024, we filed a petition for permission to appeal the class certification order, on September 16, 2024, plaintiffs filed their opposition to our petition, and on September 23, 2024, we filed our reply in further support of the petition. On October 24, 2024, the Ninth Circuit issued an order granting Zillow permission to appeal, and on January 8, 2025, we filed our opening brief. On November 1, 2024, the Court issued an order staying the Federal Securities Suit pending the outcome of the appeal. There is a reasonable possibility that a loss may be incurred related to this matter; however, the possible loss or range of loss is not estimable. We deny the allegations of any wrongdoing and intend to vigorously defend the claims in this consolidated lawsuit. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> On November 16, 2021, November 19, 2021 and January 6, 2022, three purported class action lawsuits were filed against us and certain of our executive officers, alleging, among other things, violations of federal securities laws on behalf of a class of those who purchased our stock between August 7, 2020 and November 2, 2021. The three purported class action lawsuits, captioned Barua v. Zillow Group, Inc. et al., Silverberg v. Zillow Group, et al. and Hillier v. Zillow Group, Inc. et al. were brought in the Court and were consolidated on February 16, 2022 (the “Federal Securities Suit”). On May 12, 2022, the plaintiffs filed their amended consolidated complaint which alleges, among other things, that we issued materially false and misleading statements regarding our Zillow Offers business. The complaints seek to recover, among other things, alleged damages sustained by the purported class members as a result of the alleged misconduct. On December 7, 2022, the Court rendered its decision granting our previously filed motion to dismiss, in part, and denying the motion, in part. On January 23, 2023, we filed our answer to the consolidated complaint. On March 14, 2024, plaintiffs filed a motion for class certification, which was granted on August 23, 2024. On September 6, 2024, we filed a petition for permission to appeal the class certification order, on September 16, 2024, plaintiffs filed their opposition to our petition, and on September 23, 2024, we filed our reply in further support of the petition. On October 24, 2024, the Ninth Circuit issued an order granting Zillow permission to appeal, and on January 8, 2025, we filed our opening brief. On November 1, 2024, the Court issued an order staying the Federal Securities Suit pending the outcome of the appeal. There is a reasonable possibility that a loss may be incurred related to this matter; however, the possible loss or range of loss is not estimable. We deny the allegations of any wrongdoing and intend to vigorously defend the claims in this consolidated lawsuit. </context> | us-gaap:LossContingencyPendingClaimsNumber |
We have a defined contribution 401(k) retirement plan covering Zillow Group employees who have met certain eligibility requirements (the “Zillow Group 401(k) Plan”). Eligible employees may contribute pre-tax compensation up to a maximum amount allowable under the Internal Revenue Service limitations. Employee contributions and earnings thereon vest immediately. We currently match up to 4 % of employee contributions under the Zillow Group 401(k) Plan. The total expense | text | 4 | percentItemType | text: <entity> 4 </entity> <entity type> percentItemType </entity type> <context> We have a defined contribution 401(k) retirement plan covering Zillow Group employees who have met certain eligibility requirements (the “Zillow Group 401(k) Plan”). Eligible employees may contribute pre-tax compensation up to a maximum amount allowable under the Internal Revenue Service limitations. Employee contributions and earnings thereon vest immediately. We currently match up to 4 % of employee contributions under the Zillow Group 401(k) Plan. The total expense </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch |
related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> related to the Zillow Group 401(k) Plan was $ 35 million, $ 33 million and $ 29 million, respectively, for the years ended December 31, 2024, 2023 and 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Contract assets totaled $ 157 million and $ 90 million as of December 31, 2024 and December 31, 2023, respectively. As of December 31, 2024, the average remaining recognition period for our contract asset related to our Premier Agent Flex offering was five months . | text | 157 | monetaryItemType | text: <entity> 157 </entity> <entity type> monetaryItemType </entity type> <context> Contract assets totaled $ 157 million and $ 90 million as of December 31, 2024 and December 31, 2023, respectively. As of December 31, 2024, the average remaining recognition period for our contract asset related to our Premier Agent Flex offering was five months . </context> | us-gaap:ContractWithCustomerAssetNet |
Contract assets totaled $ 157 million and $ 90 million as of December 31, 2024 and December 31, 2023, respectively. As of December 31, 2024, the average remaining recognition period for our contract asset related to our Premier Agent Flex offering was five months . | text | 90 | monetaryItemType | text: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> Contract assets totaled $ 157 million and $ 90 million as of December 31, 2024 and December 31, 2023, respectively. As of December 31, 2024, the average remaining recognition period for our contract asset related to our Premier Agent Flex offering was five months . </context> | us-gaap:ContractWithCustomerAssetNet |
For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. </context> | us-gaap:ContractWithCustomerLiabilityCurrent |
For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. </context> | us-gaap:ContractWithCustomerLiabilityRevenueRecognized |
For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. </context> | us-gaap:ContractWithCustomerLiabilityCurrent |
For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2024, the opening balance of deferred revenue was $ 52 million, of which $ 51 million was recognized as revenue during the period. For the year ended December 31, 2023, the opening balance of deferred revenue was $ 44 million, of which $ 43 million was recognized as revenue during the period. </context> | us-gaap:ContractWithCustomerLiabilityRevenueRecognized |
The Consolidated Financial Statements include all wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Company participates in two joint ventures that have been consolidated in accordance with the consolidation accounting guidance. An analysis is performed to determine which reporting entity, if any, has a controlling financial interest in a variable interest entity (“VIE”) with a primarily qualitative analysis. The qualitative analysis is based on identifying the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance (the “power criterion”) and the obligation to absorb losses from or the right to receive benefits of the VIE that could potentially be significant to the VIE (the “losses/benefit criterion”). The party that meets both these criteria is deemed to have a controlling financial interest. The party with the controlling financial interest is considered to be the primary beneficiary and as a result is required to consolidate the VIE. The Company has a 50 % interest in a joint venture in Hong Kong, established as Hubbell Asia Limited (“HAL”). The principal objective of HAL is to manage the operations of its wholly-owned manufacturing company in China. Under the accounting guidance, the Company is the primary beneficiary of HAL and as a result consolidates HAL. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Consolidated Financial Statements include all wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Company participates in two joint ventures that have been consolidated in accordance with the consolidation accounting guidance. An analysis is performed to determine which reporting entity, if any, has a controlling financial interest in a variable interest entity (“VIE”) with a primarily qualitative analysis. The qualitative analysis is based on identifying the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance (the “power criterion”) and the obligation to absorb losses from or the right to receive benefits of the VIE that could potentially be significant to the VIE (the “losses/benefit criterion”). The party that meets both these criteria is deemed to have a controlling financial interest. The party with the controlling financial interest is considered to be the primary beneficiary and as a result is required to consolidate the VIE. The Company has a 50 % interest in a joint venture in Hong Kong, established as Hubbell Asia Limited (“HAL”). The principal objective of HAL is to manage the operations of its wholly-owned manufacturing company in China. Under the accounting guidance, the Company is the primary beneficiary of HAL and as a result consolidates HAL. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Inventories are stated at the lower of cost or market value. Approximately 45 % of total net inventory value is determined utilizing the last-in, first-out (LIFO) method of inventory accounting. The cost of foreign inventories and certain domestic inventories is determined utilizing average cost or first-in, first-out (FIFO) methods of inventory accounting. Reserves for excess and obsolete inventory are provided based on current assessments about future demand compared to on-hand quantities. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> Inventories are stated at the lower of cost or market value. Approximately 45 % of total net inventory value is determined utilizing the last-in, first-out (LIFO) method of inventory accounting. The cost of foreign inventories and certain domestic inventories is determined utilizing average cost or first-in, first-out (FIFO) methods of inventory accounting. Reserves for excess and obsolete inventory are provided based on current assessments about future demand compared to on-hand quantities. </context> | us-gaap:PercentageOfLIFOInventory |
Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. | text | 6.3 | monetaryItemType | text: <entity> 6.3 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. </context> | us-gaap:CapitalizedComputerSoftwareNet |
Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. </context> | us-gaap:CapitalizedComputerSoftwareNet |
Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. | text | 3.6 | monetaryItemType | text: <entity> 3.6 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. | text | 4.3 | monetaryItemType | text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. | text | 6.6 | monetaryItemType | text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized computer software costs, net of amortization, were $ 6.3 million and $ 5.8 million at December 31, 2024 and 2023, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials, external services and salary costs for personnel dedicated to the projects. Software is amortized on a straight-line basis over appropriate periods, generally between three and five years . The Company recorded amortization expense of $ 3.6 million in 2024, $ 4.3 million in 2023 and $ 6.6 million in 2022 relating to capitalized computer software. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
The Company has ongoing agreements with financial institutions to facilitate the processing of vendor payables (“Payment Services Arrangement”). Under these agreements, the Company pays the financial institution the stated amount of confirmed invoices from participating suppliers on their original maturity date. The terms of the vendor payables are not affected by vendors participating in these agreements. As a result, the amounts owed are presented as accounts payable in the Company’s Consolidated Balance Sheet, of which $ 101.9 million and $ 101.3 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Either party may terminate the agreements with 30 days written notice. Cash flows under the program are reported in operating activities in the Company’s Consolidated Statement of Cash Flows. | text | 101.9 | monetaryItemType | text: <entity> 101.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company has ongoing agreements with financial institutions to facilitate the processing of vendor payables (“Payment Services Arrangement”). Under these agreements, the Company pays the financial institution the stated amount of confirmed invoices from participating suppliers on their original maturity date. The terms of the vendor payables are not affected by vendors participating in these agreements. As a result, the amounts owed are presented as accounts payable in the Company’s Consolidated Balance Sheet, of which $ 101.9 million and $ 101.3 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Either party may terminate the agreements with 30 days written notice. Cash flows under the program are reported in operating activities in the Company’s Consolidated Statement of Cash Flows. </context> | us-gaap:SupplierFinanceProgramObligationCurrent |
The Company has ongoing agreements with financial institutions to facilitate the processing of vendor payables (“Payment Services Arrangement”). Under these agreements, the Company pays the financial institution the stated amount of confirmed invoices from participating suppliers on their original maturity date. The terms of the vendor payables are not affected by vendors participating in these agreements. As a result, the amounts owed are presented as accounts payable in the Company’s Consolidated Balance Sheet, of which $ 101.9 million and $ 101.3 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Either party may terminate the agreements with 30 days written notice. Cash flows under the program are reported in operating activities in the Company’s Consolidated Statement of Cash Flows. | text | 101.3 | monetaryItemType | text: <entity> 101.3 </entity> <entity type> monetaryItemType </entity type> <context> The Company has ongoing agreements with financial institutions to facilitate the processing of vendor payables (“Payment Services Arrangement”). Under these agreements, the Company pays the financial institution the stated amount of confirmed invoices from participating suppliers on their original maturity date. The terms of the vendor payables are not affected by vendors participating in these agreements. As a result, the amounts owed are presented as accounts payable in the Company’s Consolidated Balance Sheet, of which $ 101.9 million and $ 101.3 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Either party may terminate the agreements with 30 days written notice. Cash flows under the program are reported in operating activities in the Company’s Consolidated Statement of Cash Flows. </context> | us-gaap:SupplierFinanceProgramObligationCurrent |
In 2021, the Company entered into an agreement with a financial institution that allows participating suppliers to receive payment for outstanding invoices through a commercial purchasing card sponsored by a financial institution. The Company is required to settle such outstanding invoices through a consolidated payment to the financial institution 15 days after the commercial card billing cycle. The Company receives the benefit of extended payment terms and a rebate from the financial institution. Either party may terminate the agreement with 60 days written notice. The amount outstanding to the financial institution is presented as short-term debt in the Company’s Consolidated Balance Sheet, of which, $ 2.4 million and $ 2.0 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Cash flows under the program are reported in financing activities in the Company’s Consolidated Statement of Cash Flows. | text | 2.4 | monetaryItemType | text: <entity> 2.4 </entity> <entity type> monetaryItemType </entity type> <context> In 2021, the Company entered into an agreement with a financial institution that allows participating suppliers to receive payment for outstanding invoices through a commercial purchasing card sponsored by a financial institution. The Company is required to settle such outstanding invoices through a consolidated payment to the financial institution 15 days after the commercial card billing cycle. The Company receives the benefit of extended payment terms and a rebate from the financial institution. Either party may terminate the agreement with 60 days written notice. The amount outstanding to the financial institution is presented as short-term debt in the Company’s Consolidated Balance Sheet, of which, $ 2.4 million and $ 2.0 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Cash flows under the program are reported in financing activities in the Company’s Consolidated Statement of Cash Flows. </context> | us-gaap:SupplierFinanceProgramObligationCurrent |
In 2021, the Company entered into an agreement with a financial institution that allows participating suppliers to receive payment for outstanding invoices through a commercial purchasing card sponsored by a financial institution. The Company is required to settle such outstanding invoices through a consolidated payment to the financial institution 15 days after the commercial card billing cycle. The Company receives the benefit of extended payment terms and a rebate from the financial institution. Either party may terminate the agreement with 60 days written notice. The amount outstanding to the financial institution is presented as short-term debt in the Company’s Consolidated Balance Sheet, of which, $ 2.4 million and $ 2.0 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Cash flows under the program are reported in financing activities in the Company’s Consolidated Statement of Cash Flows. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> In 2021, the Company entered into an agreement with a financial institution that allows participating suppliers to receive payment for outstanding invoices through a commercial purchasing card sponsored by a financial institution. The Company is required to settle such outstanding invoices through a consolidated payment to the financial institution 15 days after the commercial card billing cycle. The Company receives the benefit of extended payment terms and a rebate from the financial institution. Either party may terminate the agreement with 60 days written notice. The amount outstanding to the financial institution is presented as short-term debt in the Company’s Consolidated Balance Sheet, of which, $ 2.4 million and $ 2.0 million was outstanding at December 31, 2024 and December 31, 2023, respectively. Cash flows under the program are reported in financing activities in the Company’s Consolidated Statement of Cash Flows. </context> | us-gaap:SupplierFinanceProgramObligationCurrent |
On February 1, 2022, the Company completed the sale of the C&I Lighting business to GE Current, a Daintree Company, for total net cash consideration of $ 332.8 million. We have concluded the divestiture of this business represents a strategic shift that will have a major effect on our operations and financial results, and as a result, is reported as a discontinued operation in our Consolidated Financial Statements for all periods presented. The C&I Lighting business was previously included in the Electrical Solutions segment. | text | 332.8 | monetaryItemType | text: <entity> 332.8 </entity> <entity type> monetaryItemType </entity type> <context> On February 1, 2022, the Company completed the sale of the C&I Lighting business to GE Current, a Daintree Company, for total net cash consideration of $ 332.8 million. We have concluded the divestiture of this business represents a strategic shift that will have a major effect on our operations and financial results, and as a result, is reported as a discontinued operation in our Consolidated Financial Statements for all periods presented. The C&I Lighting business was previously included in the Electrical Solutions segment. </context> | us-gaap:ProceedsFromDivestitureOfBusinessesNetOfCashDivested |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 148.0 | monetaryItemType | text: <entity> 148.0 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:ContractWithCustomerLiability |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 118.6 | monetaryItemType | text: <entity> 118.6 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:ContractWithCustomerLiability |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 29.4 | monetaryItemType | text: <entity> 29.4 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:IncreaseDecreaseInContractWithCustomerLiability |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 108.3 | monetaryItemType | text: <entity> 108.3 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:IncreaseDecreaseInDeferredCharges |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 78.9 | monetaryItemType | text: <entity> 78.9 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:ContractWithCustomerLiabilityRevenueRecognized |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 38.0 | monetaryItemType | text: <entity> 38.0 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:ContractWithCustomerAssetNetCurrent |
Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. | text | 41.6 | monetaryItemType | text: <entity> 41.6 </entity> <entity type> monetaryItemType </entity type> <context> Contract liabilities were $ 148.0 million as of December 31, 2024 compared to $ 118.6 million as of December 31, 2023. The $ 29.4 million increase in our contract liabilities balance was primarily due to a $ 108.3 million net increase in current year deferrals primarily due to timing of advance payments on certain orders, partially offset by the recognition of $ 78.9 million in revenue related to amounts that were recorded in contract liabilities at January 1, 2024. The ending balance of contract assets was $ 38.0 million and $ 41.6 million as of December 31, 2024, and December 31, 2023, respectively, which primarily relates to performance obligations satisfied prior to payment for Systems Control that are recorded in Other current assets in the Consolidated Balance Sheets. Impairment losses recognized on our receivables and contract assets were immaterial in the twelve months ended December 31, 2024. See Note 1 – Significant Accounting Policies in the Notes to Consolidated Financial Statements for additional information. </context> | us-gaap:ContractWithCustomerAssetNetCurrent |
The Company has elected the practical expedient to disclose only the value of unsatisfied performance obligations for contracts with an original expected length greater than one year. As of December 31, 2024, the Company had approximately $ 70 million of unsatisfied performance obligations for contracts with an original expected length of greater than one year, primarily relating to long-term contracts of the Aclara business (within the Utility Solutions segment) to deliver and install meters, metering communications and grid monitoring sensor technology. The Company expects that a majority of the unsatisfied performance obligations will be completed and recognized over the next 2 years. | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> The Company has elected the practical expedient to disclose only the value of unsatisfied performance obligations for contracts with an original expected length greater than one year. As of December 31, 2024, the Company had approximately $ 70 million of unsatisfied performance obligations for contracts with an original expected length of greater than one year, primarily relating to long-term contracts of the Aclara business (within the Utility Solutions segment) to deliver and install meters, metering communications and grid monitoring sensor technology. The Company expects that a majority of the unsatisfied performance obligations will be completed and recognized over the next 2 years. </context> | us-gaap:RevenueRemainingPerformanceObligation |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 573.9 | monetaryItemType | text: <entity> 573.9 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 517.9 | monetaryItemType | text: <entity> 517.9 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:Goodwill |
Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. | text | 138.8 | monetaryItemType | text: <entity> 138.8 </entity> <entity type> monetaryItemType </entity type> <context> Systems Control”) for approximately $ 1.1 billion, net of cash acquired, subject to customary purchase price adjustments. Systems Control is a manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 573.9 million and goodwill of $ 517.9 million as a result of this acquisition. The goodwill is attributable primarily to expected synergies, expanded market opportunities, and other expected benefits that the Company believes will result from combining its operations with the operations of Systems Control. For tax purposes, $ 138.8 million of the Systems Control historical goodwill is deductible. The incremental goodwill created as a result of the acquisition is not deductible for tax purposes. The intangible assets of $ 573.9 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 19 years. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 87 | monetaryItemType | text: <entity> 87 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 5.6 | monetaryItemType | text: <entity> 5.6 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. | text | 64.5 | monetaryItemType | text: <entity> 64.5 </entity> <entity type> monetaryItemType </entity type> <context> Balestro”) for a cash purchase price of approximately $ 87 million, net of cash acquired, subject to customary purchase price adjustments. Balestro is a company headquartered in Mogi Mirim, São Paulo, Brazil and designs, manufactures, and delivers top quality products for the electrical utility industry in Brazil and other countries in Latin America, as well as other parts of the world. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 5.6 million and goodwill of $ 64.5 million as a result of this acquisition. The intangible assets of $ 5.6 million consist primarily of customer relationships, tradenames and backlog and will be amortized over a weighted average period of approximately 21 years. The goodwill is not expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 28.7 | monetaryItemType | text: <entity> 28.7 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. | text | 23.3 | monetaryItemType | text: <entity> 23.3 </entity> <entity type> monetaryItemType </entity type> <context> EIG”) for a cash purchase price of approximately $ 60 million, net of cash acquired, subject to customary purchase price adjustments. EIG offers fully integrated energy management and power quality monitoring solutions for the electric utility and commercial & industrial markets. This business is reported in the Utility Solutions segment. We have recognized intangible assets of $ 28.7 million and goodwill of $ 23.3 million as a result of this acquisition. The intangible assets of $ 28.7 million consist primarily of customer relationships, developed technology, a tradename and backlog and will be amortized over a weighted average period of approximately 14 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:Goodwill |
Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. | text | 1211.7 | monetaryItemType | text: <entity> 1211.7 </entity> <entity type> monetaryItemType </entity type> <context> Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> Cash used for the acquisition of businesses, net of cash acquired as reported in the Consolidated Statement of Cash Flows for the year ended December 31, 2023 is $ 1,211.7 million and net working capital settlements relating to acquisitions completed in previous years resulted in $ 5.9 million of cash receipts for the year ended December 31, 2024. These amounts exclude approximately $ 7.2 million of deferred purchase price related to the Balestro acquisition. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. | text | 41.4 | monetaryItemType | text: <entity> 41.4 </entity> <entity type> monetaryItemType </entity type> <context> s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. </context> | us-gaap:BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual |
s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. | text | 0.0 million | monetaryItemType | text: <entity> 0.0 million </entity> <entity type> monetaryItemType </entity type> <context> s consolidated financial statements for the period subsequent to the completion of the acquisitions on their respective dates. Acquisitions contributed sales of approximately $ 41.4 million and operating income of approximately $ 0.0 million , before any transaction costs described below, for the period from the completion of the acquisitions through December 31, 2023. </context> | us-gaap:BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual |
In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company | text | 131 | monetaryItemType | text: <entity> 131 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company | text | 5.3 | monetaryItemType | text: <entity> 5.3 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, the Company entered into a definitive agreement to sell its residential lighting business for a cash purchase price of $ 131 million, subject to customary adjustments. The Company concluded the business met the criteria for classification as held for sale in the fourth quarter of 2023. The residential lighting business is reported with the Electrical Solutions Segment. The transaction closed in the first quarter of 2024 and the Company recorded a pre-tax loss on the sale of $ 5.3 million, which is recorded within Total other expense in the Company </context> | us-gaap:GainLossOnSaleOfBusiness |
In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. | text | 112.8 | monetaryItemType | text: <entity> 112.8 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. | text | 49.1 | monetaryItemType | text: <entity> 49.1 </entity> <entity type> monetaryItemType </entity type> <context> In the third quarter of 2022, the Company acquired all of the issued and outstanding membership interests of PCX Holdings LLC (“PCX”) for a cash purchase price of approximately $ 112.8 million, net of cash acquired. PCX is a leading designer and manufacturer of factory built modular power solutions for applications in the data center market. This business is reported in the Electrical Solutions segment. We recognized intangible assets of $ 49.1 million and goodwill of $ 77.7 million as a result of this acquisition. The intangible assets of $ 49.1 million consist primarily of customer relationships, backlog and a tradename and will be amortized over a weighted average period of approximately 11 years. All of the goodwill is expected to be deductible for tax purposes. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
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