Pay vs Performance Disclosure - USD ($) | 5 Months Ended | 7 Months Ended | 12 Months Ended |
May 16, 2023 | Dec. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pay vs Performance Disclosure | | | | | | |
Pay vs Performance Disclosure, Table | | | PAY VERSUS PERFORMANCE TABLE Year (a) Summary Peterson SCT Total Compensation PEO 1 (c-1)($)(1)(2) CAP to (c-2) ($)(1 )(2) Average Average Value of Initial Fixed $100 ($) Net (h)($M)(4) Company (i)($M)(5) Total Peer Group 2023 25,536,707 4,514,209 23,276,353 2,060,879 7,954,497 7,409,536 54 141 (388) 979 2022 — 10,296,665 — (7,272,680) 3,046,371 (1,339,606) 78 124 197 (203) 2021 — 11,438,798 — 16,404,598 3,798,238 4,456,426 125 162 622 884 2020 — 9,804,500 — 11,542,086 3,746,444 4,184,661 117 133 (766) 1,435 (1) Mr. Peterson (“ PEO 1 PEO PEO 2 non-PEO non-PEO non-PEO non-PEO (2) The amounts presented in these columns are inclusive of PRSUs, which reflect management’s estimate of performance against their respective targets at each applicable year-end. The fair value of stock options reported for Compensation Actually Paid purposes was estimated using a Black-Scholes option pricing model and used both historical data and current market data to estimate the fair value of options and required several assumptions. The assumptions used in estimating fair value for awards granted during 2020-2023 were as follows: Grant Year 2023 2022 2021 2020 Volatility 45.1% 44.5 – 46.0% 43.8 – 44.1% 43.9% Expected life (in years) 5.4 years 4.9 –5.4 years 4.3 –4.8 years 4.2 years Expected dividend yield 4.2% 4.2 – 4.9% 4.2 –4.8% 4.8% Risk-free rate 3.8% 3.4 – 4.0% 3.9 –4.1% 4.1% For 2023, the values included in this column for the compensation actually paid Non-PEO (b-1), (b-2) PEO 1 PEO 2 Non-PEO Summary Compensation Table Total $25,536,707 $4,514,209 $7,954,497 - $0 $0 $0 + service cost of pension benefits $0 $0 $0 + prior service cost of pension benefits $0 $0 $0 - SCT Stock Awards column value $(22,612,298) $(3,129,877) $(5,797,156) - $(0) $(0) $(356,159) + fair value as of year-end $20,919,717 $1,759,201 $5,744,523 +/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year $(795,337) $(1,508,999) $(199,615) + for awards granted and vesting in the same fiscal year, vesting date fair value $0 $0 $0 +/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year $227,564 $426,345 $63,446 - for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year $0 $0 $0 + dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year $0 $0 $0 + excess fair value for option/SAR award modifications $0 $0 $0 Compensation Actually Paid $23,276,353 $2,060,879 $7,409,536 (3) For each of 2023, 2022, 2021 and 2020, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on December 31, 2019. The yearly percentage change in cumulative total shareholder return was measured as the quotient of (a) the sum of (i) the cumulative amount of dividends per share for the period from December 31, 2019 through and including the last day of the covered fiscal year (the “ Measurement Period Peer Group (4) Net Income represent (5) Adjusted Operating Cash Flow non-budgeted non-U.S. | | | |
Company Selected Measure Name | | | Adjusted operating cash flow | | | |
Named Executive Officers, Footnote | | | For 2023, our non-PEO non-PEO non-PEO non-PEO | | | |
Peer Group Issuers, Footnote | | | (3) For each of 2023, 2022, 2021 and 2020, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on December 31, 2019. The yearly percentage change in cumulative total shareholder return was measured as the quotient of (a) the sum of (i) the cumulative amount of dividends per share for the period from December 31, 2019 through and including the last day of the covered fiscal year (the “ Measurement Period Peer Group | | | |
Adjustment To PEO Compensation, Footnote | | | (2) The amounts presented in these columns are inclusive of PRSUs, which reflect management’s estimate of performance against their respective targets at each applicable year-end. The fair value of stock options reported for Compensation Actually Paid purposes was estimated using a Black-Scholes option pricing model and used both historical data and current market data to estimate the fair value of options and required several assumptions. The assumptions used in estimating fair value for awards granted during 2020-2023 were as follows: Grant Year 2023 2022 2021 2020 Volatility 45.1% 44.5 – 46.0% 43.8 – 44.1% 43.9% Expected life (in years) 5.4 years 4.9 –5.4 years 4.3 –4.8 years 4.2 years Expected dividend yield 4.2% 4.2 – 4.9% 4.2 –4.8% 4.8% Risk-free rate 3.8% 3.4 – 4.0% 3.9 –4.1% 4.1% For 2023, the values included in this column for the compensation actually paid Non-PEO (b-1), (b-2) PEO 1 PEO 2 Non-PEO Summary Compensation Table Total $25,536,707 $4,514,209 $7,954,497 - $0 $0 $0 + service cost of pension benefits $0 $0 $0 + prior service cost of pension benefits $0 $0 $0 - SCT Stock Awards column value $(22,612,298) $(3,129,877) $(5,797,156) - $(0) $(0) $(356,159) + fair value as of year-end $20,919,717 $1,759,201 $5,744,523 +/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year $(795,337) $(1,508,999) $(199,615) + for awards granted and vesting in the same fiscal year, vesting date fair value $0 $0 $0 +/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year $227,564 $426,345 $63,446 - for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year $0 $0 $0 + dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year $0 $0 $0 + excess fair value for option/SAR award modifications $0 $0 $0 Compensation Actually Paid $23,276,353 $2,060,879 $7,409,536 | | | |
Non-PEO NEO Average Total Compensation Amount | | | $ 7,954,497 | $ 3,046,371 | $ 3,798,238 | $ 3,746,444 |
Non-PEO NEO Average Compensation Actually Paid Amount | | | $ 7,409,536 | (1,339,606) | 4,456,426 | 4,184,661 |
Adjustment to Non-PEO NEO Compensation Footnote | | | For 2023, the values included in this column for the compensation actually paid Non-PEO (b-1), (b-2) PEO 1 PEO 2 Non-PEO Summary Compensation Table Total $25,536,707 $4,514,209 $7,954,497 - $0 $0 $0 + service cost of pension benefits $0 $0 $0 + prior service cost of pension benefits $0 $0 $0 - SCT Stock Awards column value $(22,612,298) $(3,129,877) $(5,797,156) - $(0) $(0) $(356,159) + fair value as of year-end $20,919,717 $1,759,201 $5,744,523 +/- amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year $(795,337) $(1,508,999) $(199,615) + for awards granted and vesting in the same fiscal year, vesting date fair value $0 $0 $0 +/- amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value of any awards granted in prior fiscal years for which all applicable vesting conditions were met at the end of the covered fiscal year $227,564 $426,345 $63,446 - for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, amount equal to the fair value at the end of prior fiscal year $0 $0 $0 + dollar value of dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date not otherwise included in total compensation for the covered fiscal year $0 $0 $0 + excess fair value for option/SAR award modifications $0 $0 $0 Compensation Actually Paid $23,276,353 $2,060,879 $7,409,536 | | | |
Compensation Actually Paid vs. Total Shareholder Return | | | | | | |
Compensation Actually Paid vs. Net Income | | | | | | |
Compensation Actually Paid vs. Company Selected Measure | | | | | | |
Total Shareholder Return Vs Peer Group | | | | | | |
Tabular List, Table | | | Tabular List. The following table lists the five financial performance measures that we believe represent the most Tabular List of Financial Performance Measures Ø Adjusted Operating Cash Flow (See above) Ø Adjusted EPS (1) Ø Adjusted Gross Margin (2) Ø Core Sales Growth (3) Ø Free Cash Flow Productivity (4) (1) Adjusted Earnings Per Share (“ EPS ”) . (2) Adjusted Gross Margin foreign (3) Core Sales Growth (4) Free Cash Flow Productivity one-year non-cash | | | |
Total Shareholder Return Amount | | | $ 54 | 78 | 125 | 117 |
Peer Group Total Shareholder Return Amount | | | 141 | 124 | 162 | 133 |
Net Income (Loss) | | | $ (388,000,000) | $ 197,000,000 | $ 622,000,000 | $ (766,000,000) |
Company Selected Measure Amount | | | 979,000,000 | (203,000,000) | 884,000,000 | 1,435,000,000 |
Measure:: 1 | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Name | | | Adjusted Operating Cash Flow | | | |
Measure:: 2 | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Name | | | Adjusted EPS | | | |
Measure:: 3 | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Name | | | Adjusted Gross Margin | | | |
Measure:: 4 | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Name | | | Core Sales Growth | | | |
Measure:: 5 | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Name | | | Free Cash Flow Productivity | | | |
Mr Peterson [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
PEO Total Compensation Amount | | | $ 25,536,707 | | | |
PEO Actually Paid Compensation Amount | | | 23,276,353 | | | |
PEO Name | | Mr. Peterson | | | | |
Mr Saligram [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
PEO Total Compensation Amount | | | 4,514,209 | $ 10,296,665 | $ 11,438,798 | $ 9,804,500 |
PEO Actually Paid Compensation Amount | | | 2,060,879 | $ (7,272,680) | $ 16,404,598 | $ 11,542,086 |
PEO Name | Mr. Saligram | | | Mr. Saligram | Mr. Saligram | Mr. Saligram |
PEO | Mr Peterson [Member] | Pension Value In Compensation Table For The Applicable Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Pension Adjustments Prior Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Pension Adjustments Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Year end Fair Value Of Awards Granted In The Current Fiscal Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 20,919,717 | | | |
PEO | Mr Peterson [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (795,337) | | | |
PEO | Mr Peterson [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 227,564 | | | |
PEO | Mr Peterson [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | SCT Stock Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (22,612,298) | | | |
PEO | Mr Peterson [Member] | SCT Option Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Peterson [Member] | Excess Fair Value For Option Sar Award Modifications [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Pension Value In Compensation Table For The Applicable Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Pension Adjustments Prior Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Pension Adjustments Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Year end Fair Value Of Awards Granted In The Current Fiscal Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 1,759,201 | | | |
PEO | Mr Saligram [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (1,508,999) | | | |
PEO | Mr Saligram [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 426,345 | | | |
PEO | Mr Saligram [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | SCT Stock Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (3,129,877) | | | |
PEO | Mr Saligram [Member] | SCT Option Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
PEO | Mr Saligram [Member] | Excess Fair Value For Option Sar Award Modifications [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Pension Value In Compensation Table For The Applicable Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Pension Adjustments Prior Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Pension Adjustments Service Cost [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Year end Fair Value Of Awards Granted In The Current Fiscal Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 5,744,523 | | | |
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (199,615) | | | |
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 63,446 | | | |
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | 0 | | | |
Non-PEO NEO | SCT Stock Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (5,797,156) | | | |
Non-PEO NEO | SCT Option Awards Column Value [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | (356,159) | | | |
Non-PEO NEO | Excess Fair Value For Option Sar Award Modifications [Member] | | | | | | |
Pay vs Performance Disclosure | | | | | | |
Adjustment to Compensation, Amount | | | $ 0 | | | |