General Information / Summary of Significant Accounting Policies General Information / Summary of Significant Accounting Policies - New accounting policies (Details) - EUR (€) € / shares in Units, € in Millions, shares in Millions | 12 Months Ended | | | |
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | Jan. 01, 2016 | Dec. 31, 2015 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Cash and cash equivalents | | € 3,121.1 | | € 2,259 | [1],[2] | € 2,906.9 | [2] | | | € 2,458.7 | [2] |
Net Sales | [3] | € 10,944 | | 8,962.7 | [4] | 6,875.1 | [4] | | | | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | | The following tables summarize the impacts of the adoption of ASC 606 on our Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2017: Consolidated Statements of Operations Year ended December 31, 2017 As previously reported Adoption of ASC 606 As adjusted (in millions, except per share data) EUR EUR EUR Net system sales 6,373.7 50.7 6,424.4 Net service and field option sales 2,679.1 (140.8 ) 2,538.3 Total net sales 9,052.8 (90.1 ) 8,962.7 Cost of system sales (3,459.0 ) 19.1 (3,439.9 ) Cost of service and field option sales (1,517.1 ) 14.5 (1,502.6 ) Total cost of sales (4,976.1 ) 33.6 (4,942.5 ) Gross profit 4,076.7 (56.5 ) 4,020.2 Other income 95.8 — 95.8 Research and development costs (1,259.7 ) — (1,259.7 ) Selling, general and administrative costs (416.6 ) — (416.6 ) Income from operations 2,496.2 (56.5 ) 2,439.7 Interest and other, net (50.3 ) — (50.3 ) Income before income taxes 2,445.9 (56.5 ) 2,389.4 Provision for income taxes (310.7 ) 4.7 (306.0 ) Income after income taxes 2,135.2 (51.8 ) 2,083.4 Profit (loss) related to equity method investments (16.7 ) — (16.7 ) Net income 2,118.5 (51.8 ) 2,066.7 Basic net income per ordinary share 4.93 4.81 Diluted net income per ordinary share 4.91 4.79 Number of ordinary shares used in computing per share amounts Basic 429.8 429.8 Diluted 431.6 431.6 Consolidated Statements of Comprehensive Income Year ended December 31, 2017 As previously reported Adoption of ASC 606 As adjusted (in millions) EUR EUR EUR Net income 2,118.5 (51.8 ) 2,066.7 Other comprehensive income: Proportionate share of other comprehensive income from equity method investments (1.0 ) — (1.0 ) Foreign currency translation, net of taxes: Gain (loss) on foreign currency translation and effective portion of hedges on net investments (329.0 ) — (329.0 ) Financial instruments, net of taxes: Gain (loss) on derivative financial instruments (16.6 ) — (16.6 ) Transfers to net income (3.1 ) — (3.1 ) Other comprehensive income, net of taxes (349.7 ) — (349.7 ) Total comprehensive income, net of taxes 1,768.8 (51.8 ) 1,717.0 Attributable to equity holders 1,768.8 (51.8 ) 1,717.0 The following table summarizes the impacts of the adoption of ASC 606 on our Consolidated Balance Sheets as of December 31, 2017: Consolidated Balance Sheets As of December 31, 2017 As previously reported Adoption of ASC 606 As adjusted (in millions, except share and per share data) EUR EUR EUR Assets Cash and cash equivalents 2,259.0 — 2,259.0 Short-term investments 1,029.3 — 1,029.3 Accounts receivable, net 1,772.3 (32.0 ) 1,740.3 Finance receivables, net 59.1 — 59.1 Current tax assets 61.6 — 61.6 Contract assets — 270.4 270.4 Inventories, net 2,958.4 (2.8 ) 2,955.6 Other assets 867.3 (356.8 ) 510.5 Total current assets 9,007.0 (121.2 ) 8,885.8 Finance receivables, net 264.9 — 264.9 Deferred tax assets 31.7 — 31.7 Other assets 602.7 — 602.7 Equity method investments 982.2 — 982.2 Goodwill 4,541.1 — 4,541.1 Other intangible assets, net 1,166.0 — 1,166.0 Property, plant and equipment, net 1,600.8 — 1,600.8 Right-of-use assets — — — Total non-current assets 9,189.4 — 9,189.4 Total assets 18,196.4 (121.2 ) 18,075.2 Liabilities and shareholders’ equity Accounts payable 837.3 — 837.3 Accrued and other liabilities 2,327.4 (1,734.6 ) 592.8 Current tax liabilities 152.0 — 152.0 Current portion of long-term debt 25.2 — 25.2 Contract liabilities — 1,530.0 1,530.0 Total current liabilities 3,341.9 (204.6 ) 3,137.3 Long-term debt 3,000.1 — 3,000.1 Deferred and other tax liabilities 327.9 13.2 341.1 Contract liabilities — 622.0 622.0 Accrued and other liabilities 850.3 (652.0 ) 198.3 Total non-current liabilities 4,178.3 (16.8 ) 4,161.5 Total liabilities 7,520.2 (221.4 ) 7,298.8 Issued and outstanding shares 38.8 — 38.8 Share premium 3,732.5 — 3,732.5 Treasury shares at cost (557.9 ) — (557.9 ) Retained earnings 5,092.8 152.0 5,244.8 Earnings current year 2,118.5 (51.8 ) 2,066.7 Accumulated other comprehensive income 251.5 — 251.5 Total shareholders’ equity 10,676.2 100.2 10,776.4 Total liabilities and shareholders’ equity 18,196.4 (121.2 ) 18,075.2 The following tables summarize the impacts of the adoption of ASC 606 on our Consolidated Statements of Cash Flows for the for the year ended December 31, 2017: Consolidated Statements of Cash Flows Year ended December 31, 2017 As previously reported Adoption of ASC 606 As adjusted (in millions) EUR EUR EUR Cash Flows from Operating Activities Net income 2,118.5 (51.8 ) 2,066.7 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 417.5 — 417.5 Impairment 9.0 — 9.0 Loss on disposal of property, plant and equipment 2.8 — 2.8 Share-based payments 53.1 — 53.1 Allowance for doubtful receivables 7.8 — 7.8 Allowance for obsolete inventory 120.1 — 120.1 Deferred income taxes (7.6 ) (0.8 ) (8.4 ) Equity method investments, net of income taxes 16.7 — 16.7 Changes in assets and liabilities: Accounts receivable (1,142.4 ) 6.0 (1,136.4 ) Finance receivables 224.8 (61.3 ) 163.5 Inventories (237.8 ) (46.3 ) (284.1 ) Other assets (389.8 ) 294.0 (95.8 ) Accrued and other liabilities 491.2 (400.3 ) 90.9 Accounts payable 266.5 — 266.5 Current tax assets and liabilities (151.8 ) — (151.8 ) Contract assets and liabilities — 260.5 260.5 Net cash provided by operating activities 1,798.6 — 1,798.6 Cash Flows from Investing Activities Purchase of property, plant and equipment (338.9 ) — (338.9 ) Purchase of intangible assets (19.1 ) — (19.1 ) Purchase of short-term investments (1,129.3 ) — (1,129.3 ) Maturity of short-term investments 1,250.0 — 1,250.0 Cash from (used for) derivative financial instruments 27.0 — 27.0 Loans issued and other investments (0.6 ) — (0.6 ) Repayment on loans 1.6 — 1.6 Acquisition of equity method investments (1,019.7 ) — (1,019.7 ) Dividend income from equity method investments 19.7 — 19.7 Acquisition of subsidiaries (net of cash acquired) — — — Net cash used in investing activities (1,209.3 ) — (1,209.3 ) Cash Flows from Financing Activities Dividend paid (516.7 ) — (516.7 ) Purchase of treasury shares (500.0 ) — (500.0 ) Net proceeds from issuance of shares 50.6 — 50.6 Net proceeds from issuance of notes — — — Repayment of debt (243.0 ) — (243.0 ) Tax benefit (deficit) from share-based payments — — — Net cash used in financing activities (1,209.1 ) — (1,209.1 ) Net cash flows (619.8 ) — (619.8 ) Effect of changes in exchange rates on cash (28.1 ) — (28.1 ) Net increase (decrease) in cash and cash equivalents (647.9 ) — (647.9 ) Cash and cash equivalents at beginning of the year 2,906.9 — 2,906.9 Cash and cash equivalents at end of the year 2,259.0 — 2,259.0 The following tables summarize the impacts of the adoption of ASC 606 on our Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2016: Consolidated Statements of Operations Year ended December 31, 2016 As previously reported Adoption of ASC 606 As adjusted (in millions, except per share data) EUR EUR EUR Net system sales 4,672.0 46.9 4,718.9 Net service and field option sales 2,122.8 33.4 2,156.2 Total net sales 6,794.8 80.3 6,875.1 Cost of system sales (2,468.2 ) 44.3 (2,423.9 ) Cost of service and field option sales (1,282.1 ) (23.8 ) (1,305.9 ) Total cost of sales (3,750.3 ) 20.5 (3,729.8 ) Gross profit 3,044.5 100.8 3,145.3 Other income 93.8 — 93.8 Research and development costs (1,105.8 ) — (1,105.8 ) Selling, general and administrative costs (374.8 ) — (374.8 ) Income from operations 1,657.7 100.8 1,758.5 Interest and other, net 33.7 — 33.7 Income before income taxes 1,691.4 100.8 1,792.2 Provision for income taxes (219.5 ) (14.9 ) (234.4 ) Income after income taxes 1,471.9 85.9 1,557.8 Profit (loss) related to equity method investments — — — Net income 1,471.9 85.9 1,557.8 Basic net income per ordinary share 3.46 3.66 Diluted net income per ordinary share 3.44 3.64 Number of ordinary shares used in computing per share amounts Basic 425.6 425.6 Diluted 427.7 427.7 Consolidated Statements of Comprehensive Income Year ended December 31, 2016 As previously reported Adoption of ASC 606 As adjusted (in millions) EUR EUR EUR Net income 1,471.9 85.9 1,557.8 Other comprehensive income: Proportionate share of other comprehensive income from equity method investments — — — Foreign currency translation, net of taxes: Gain (loss) on foreign currency translation and effective portion of hedges on net investments 120.4 — 120.4 Financial instruments, net of taxes: Gain (loss) on derivative financial instruments 6.0 — 6.0 Transfers to net income 2.4 — 2.4 Other comprehensive income, net of taxes 128.8 — 128.8 Total comprehensive income, net of taxes 1,600.7 85.9 1,686.6 Attributable to equity holders 1,600.7 85.9 1,686.6 The following table summarizes the impacts of the adoption of ASC 606 on our Consolidated Balance Sheets as of December 31, 2016: Consolidated Balance Sheets As of December 31, 2016 As previously reported Adoption of ASC 606 As adjusted (in millions, except share and per share data) EUR EUR EUR Assets Cash and cash equivalents 2,906.9 — 2,906.9 Short-term investments 1,150.0 — 1,150.0 Accounts receivable, net 700.2 (26.0 ) 674.2 Finance receivables, net 447.4 — 447.4 Current tax assets 11.6 — 11.6 Contract assets — 91.6 91.6 Inventories, net 2,780.9 (49.1 ) 2,731.8 Deferred tax assets — — — Other assets 560.4 (62.8 ) 497.6 Total current assets 8,557.4 (46.3 ) 8,511.1 Finance receivables, net 117.2 (61.3 ) 55.9 Deferred tax assets 34.9 — 34.9 Contract assets — 56.7 56.7 Other assets 612.3 — 612.3 Equity method investments — — — Goodwill 4,873.9 — 4,873.9 Other intangible assets, net 1,323.0 — 1,323.0 Property, plant and equipment, net 1,687.2 — 1,687.2 Right-of-use assets — — — Total non-current assets 8,648.5 (4.6 ) 8,643.9 Total assets 17,205.9 (50.9 ) 17,155.0 Liabilities and shareholders’ equity Accounts payable 593.2 — 593.2 Accrued and other liabilities 2,237.8 (1,590.8 ) 647.0 Current tax liabilities 201.9 — 201.9 Current portion of long-term debt 247.7 — 247.7 Contract liabilities — 1,386.4 1,386.4 Total current liabilities 3,280.6 (204.4 ) 3,076.2 Long-term debt 3,071.8 — 3,071.8 Deferred and other tax liabilities 396.9 14.0 410.9 Provisions 20.5 — 20.5 Contract liabilities — 447.4 447.4 Accrued and other liabilities 615.7 (459.9 ) 155.8 Total non-current liabilities 4,104.9 1.5 4,106.4 Total liabilities 7,385.5 (202.9 ) 7,182.6 Issued and outstanding shares 39.4 — 39.4 Share premium 3,693.5 — 3,693.5 Treasury shares at cost (796.2 ) — (796.2 ) Retained earnings 4,810.6 66.1 4,876.7 Earnings current year 1,471.9 85.9 1,557.8 Accumulated other comprehensive income 601.2 — 601.2 Total shareholders’ equity 9,820.4 152.0 9,972.4 Total liabilities and shareholders’ equity 17,205.9 (50.9 ) 17,155.0 The following tables summarize the impacts of the adoption of ASC 606 on our Consolidated Statements of Cash Flows for the year ended December 31, 2016: Consolidated Statements of Cash Flows Year ended December 31, 2016 As previously reported Adoption of ASC 606 As adjusted (in millions) EUR EUR EUR Cash Flows from Operating Activities Net income 1,471.9 85.9 1,557.8 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 356.9 — 356.9 Impairment 3.5 — 3.5 Loss on disposal of property, plant and equipment 5.2 — 5.2 Share-based payments 47.7 — 47.7 Allowance for doubtful receivables 3.2 — 3.2 Allowance for obsolete inventory 73.0 — 73.0 Deferred income taxes (0.6 ) 14.0 13.4 Equity method investments, net of income taxes — — — Changes in assets and liabilities: Accounts receivable 187.4 26.0 213.4 Finance receivables (156.1 ) 61.3 (94.8 ) Inventories (43.7 ) 49.1 5.4 Other assets (152.9 ) 62.8 (90.1 ) Accrued and other liabilities (273.9 ) 246.9 (27.0 ) Accounts payable 50.9 — 50.9 Current tax assets and liabilities 93.4 — 93.4 Contract assets and liabilities — (546.0 ) (546.0 ) Net cash provided by operating activities 1,665.9 — 1,665.9 Cash Flows from Investing Activities Purchase of property, plant and equipment (316.3 ) — (316.3 ) Purchase of intangible assets (8.4 ) — (8.4 ) Purchase of short-term investments (2,520.0 ) — (2,520.0 ) Maturity of short-term investments 2,320.0 — 2,320.0 Cash from (used for) derivative financial instruments (15.0 ) — (15.0 ) Loans issued and other investments — — — Repayment on loans (7.4 ) — (7.4 ) Acquisition of equity method investments — — — Dividend income from equity method investments — — — Acquisition of subsidiaries (net of cash acquired) (2,641.3 ) — (2,641.3 ) Net cash used in investing activities (3,188.4 ) — (3,188.4 ) Cash Flows from Financing Activities Dividend paid (445.9 ) — (445.9 ) Purchase of treasury shares (400.0 ) — (400.0 ) Net proceeds from issuance of shares 582.7 — 582.7 Net proceeds from issuance of notes 2,230.6 — 2,230.6 Repayment of debt (4.7 ) — (4.7 ) Tax benefit (deficit) from share-based payments 0.9 — 0.9 Net cash used in financing activities 1,963.6 — 1,963.6 Net cash flows 441.1 — 441.1 Effect of changes in exchange rates on cash 7.1 — 7.1 Net increase (decrease) in cash and cash equivalents 448.2 — 448.2 Cash and cash equivalents at beginning of the year 2,458.7 — 2,458.7 Cash and cash equivalents at end of the year 2,906.9 — 2,906.9 | | | | | | | | | |
Cost of Goods and Services Sold | | € (5,914.8) | | (4,942.5) | [4] | (3,729.8) | [4] | | | | |
Gross profit | | 5,029.2 | | 4,020.2 | [4] | 3,145.3 | [4] | | | | |
Other income | | 0 | | 95.8 | [4] | 93.8 | [4] | | | | |
Research and development costs | | (1,575.9) | | (1,259.7) | [4] | (1,105.8) | [4] | | | | |
Selling, General and Administrative Expense | | (488) | | (416.6) | [4] | (374.8) | [4] | | | | |
Income from operations | | 2,965.3 | | 2,439.7 | [4] | 1,758.5 | [4] | | | | |
Interest and other, net | | (28.3) | | (50.3) | [4] | 33.7 | [4] | | | | |
Income before income taxes | | 2,937 | | 2,389.4 | [4],[5] | 1,792.2 | [4],[5] | | | | |
Income Tax Expense (Benefit) | | (351.6) | | (306) | [4],[5] | (234.4) | [4],[5] | | | | |
Income (Loss) from Continuing Operations After Tax before Equity Method Investments, Noncontrolling Interest | | 2,585.4 | | 2,083.4 | [4] | 1,557.8 | [4] | | | | |
Profit (loss) related to equity method investments | | (6.2) | | 16.7 | [4] | 0 | [4] | | | | |
Accumulated other comprehensive income | | 285 | | 251.5 | [1] | | | | | | |
Net income | [6] | € 2,591.6 | | € 2,066.7 | [2],[4],[7] | € 1,557.8 | [2],[4],[7] | | | | |
Earnings Per Share, Basic | | € 6.10 | | € 4.81 | [4] | € 3.66 | [4] | | | | |
Earnings Per Share, Diluted | [8],[9] | € 6.08 | | € 4.79 | [4],[10] | € 3.64 | [10] | | | | |
Basic | | 424.9 | | 429.8 | [4] | 425.6 | [4] | | | | |
Diluted | [8],[9] | 426.4 | | 431.6 | [4] | 427.7 | [4] | | | | |
Proportionate share of OCI from equity method investments | | € (4.8) | | € (1) | [7] | € 0 | [7] | | | | |
Foreign currency translation and effective portion of hedges on net investments | | 18.2 | | (329) | [7] | 120.4 | [7] | | | | |
Gain (loss) on derivative financial instruments | | 8.3 | | (16.6) | [7] | 6 | [7] | | | | |
Transfers to net income | | 11.8 | | (3.1) | [7] | 2.4 | [7] | | | | |
Other comprehensive income, net of taxes | | 33.5 | | (349.7) | [7] | 128.8 | [7] | | | | |
Total comprehensive income, net of taxes | | 2,625.1 | | 1,717 | [7] | 1,686.6 | [7] | | | | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | | 2,625.1 | | 1,717 | [7] | 1,686.6 | [7] | | | | |
Short-term investments | | 913.3 | | 1,029.3 | [1] | | | | | | |
Accounts receivable, net | | 1,498.2 | | 1,740.3 | [1],[11] | | | | | | |
Finance receivables, net | | 611.1 | | 59.1 | [1] | | | | | | |
Current tax assets | | 79.7 | | 61.6 | [1] | | | | | | |
Contract Assets, Current | | 95.9 | | 270.4 | [1],[12] | | | | | | |
Inventories, net | | 3,439.5 | | 2,955.6 | [1],[13] | | | | | | |
Deferred tax assets | [14] | | | 0 | | 0 | | | | | |
Other assets | | 772.6 | [15] | 510.5 | [1],[16] | | | | | | |
Total current assets | | 10,531.4 | | 8,885.8 | [1] | | | | | | |
Finance receivables, net | | 275.1 | | 159.4 | [1],[17] | | | | | | |
Deferred tax assets | | 236.3 | [15] | 31.7 | [1],[14],[18] | 34.9 | [14] | | | | |
Other assets | | 806.1 | | 708.2 | [1],[19] | | | | | | |
Equity Method Investments | | 915.8 | | 982.2 | [1] | | | | | | |
Goodwill | | 4,541.1 | | 4,541.1 | [1] | 4,873.9 | | | | | |
Other intangible assets, net | | 1,104 | | 1,166 | [1] | | | | | | |
Property, plant and equipment, net | | 1,589.5 | | 1,600.8 | [1],[3] | 1,687.2 | [3] | | | | |
Right-of-Use Assets, Non-Current | | 137.6 | | 113.7 | [1] | | | | | | |
Total non-current assets | | 9,605.5 | | 9,303.1 | [1] | | | | | | |
Total assets | | 20,136.9 | | 18,188.9 | [1] | | | | | | |
Accounts payable | | 964 | | 837.3 | [1] | | | | | | |
Accrued and other liabilities | | 911.4 | | 625.5 | [1],[20] | | | | | | |
Current tax liabilities | | 187.9 | | 152 | [1] | | | | | | |
Current portion of long-term debt | | 0 | | 25.2 | [1] | | | | | | |
Contract Liabilities, Current | | 1,728.6 | | 1,530 | [1] | | | | | | |
Total current liabilities | | 3,791.9 | | 3,170 | [1] | | | | | | |
Long-term debt | | 3,026.5 | | 3,000.1 | [1] | | | | | | |
Deferred and other tax liabilities | | 251.2 | | 341.1 | [1] | | | | | | |
Restructuring Reserve, Noncurrent | | 160.3 | | 21 | | | | | | | |
Contract Liabilities, Noncurrent | | 1,224.6 | | 622 | [1] | | | | | | |
Accrued and other liabilities | | 201.7 | | 279.3 | [1],[20] | | | | | | |
Total non-current liabilities | | 4,704 | | 4,242.5 | [1] | | | | | | |
Total liabilities | | 8,495.9 | | 7,412.5 | [1] | | | | | | |
Issued and outstanding shares | | 38.6 | | 38.8 | [1] | | | | | | |
Share premium | | 3,741.3 | | 3,732.5 | [1] | | | | | | |
Treasury Stock, Value | | 1,621.8 | | 557.9 | [1] | | | | | | |
Retained earnings | | 9,197.9 | [15] | 7,311.5 | [1] | | | | | | |
Stockholders' Equity Attributable to Parent | | 11,641 | | 10,776.4 | [1] | 9,972.4 | | € 10,691.1 | | 8,454.9 | |
Total liabilities and shareholders’ equity | | 20,136.9 | | 18,188.9 | [1] | | | | | | |
Depreciation, Depletion and Amortization | [21] | 422.7 | | 417.5 | [2] | 356.9 | [2] | | | | |
Impairment | | 15.4 | | 9 | [2] | 3.5 | [2] | | | | |
Gain (Loss) on Disposition of Property Plant Equipment | [22] | (3.6) | | (2.8) | [2] | (5.2) | [2] | | | | |
Share-based payments | | 46.3 | | 53.1 | [2] | 47.7 | [2] | | | | |
Allowance for doubtful receivables | | 11.2 | | 7.8 | [2] | 3.2 | [2] | | | | |
Allowance for obsolete inventory | | 218.2 | | 120.1 | [2] | 73 | [2] | | | | |
Deferred Income Taxes and Tax Credits | | (238.5) | | (8.4) | [2] | 13.4 | [2] | | | | |
Proceeds from Equity Method Investment, Distribution | | 61.6 | | 36.4 | [2] | 0 | [2] | | | | |
Increase (Decrease) in Accounts Receivable | | (201.2) | | 1,136.4 | [2] | (213.4) | [2] | | | | |
Increase (Decrease) in Leasing Receivables | | 664.9 | | (237) | [2] | 62.9 | [2] | | | | |
Increase (Decrease) in Inventories | [22] | 515.7 | | 284.1 | [2] | (5.4) | [2] | | | | |
Increase (Decrease) in Other Operating Assets | | 404 | | 169.4 | [2] | 122.1 | [2] | | | | |
Accrued and other liabilities | | 237.7 | | 90.9 | [2] | (27) | [2] | | | | |
Accounts payable | | 97.9 | | 266.6 | [2] | 50.9 | [2] | | | | |
Current tax assets and liabilities | | 13.1 | | (151.8) | [2] | 93.4 | [2] | | | | |
Increase (Decrease) in Contract with Customer, Liability | | 975.3 | | 260.5 | [2] | (546) | [2] | | | | |
Net cash provided by operating activities | | 3,072.7 | | 1,818.3 | [2] | 1,665.9 | [2] | | | | |
Payments to Acquire Property, Plant, and Equipment | [23] | 574 | [24],[25] | 338.9 | [2] | 316.3 | [2] | | | | |
Payments to Acquire Intangible Assets | | 35.5 | | 19.1 | [2] | 8.4 | [2] | | | | |
Payments to Acquire Other Investments | | 918.1 | | 1,129.3 | [2] | 2,520 | [2] | | | | |
Maturity of short-term investments | | 1,034.1 | | 1,250 | [2] | 2,320 | [2] | | | | |
Payments for (Proceeds from) Derivative Instrument, Investing Activities | | 2.4 | | (27) | [2] | 15 | [2] | | | | |
Payments for (Proceeds from) Other Investing Activities | | 1 | | 0.6 | [2] | 0 | [2] | | | | |
Proceeds from (Repayments of) Debt | | 5.4 | | 1.6 | [2] | (7.4) | [2] | | | | |
Payments to Acquire Equity Method Investments | | 0 | | 1,019.7 | [2] | 0 | [2] | | | | |
Proceeds from Equity Method Investment, Distribution, Return of Capital | [2] | 89.2 | | 19.7 | | | | | | | |
Payments to Acquire Businesses, Net of Cash Acquired | | 0 | | 0 | [2] | 2,641.3 | [2] | | | | |
Net cash used in investing activities | | (491.5) | | (1,229) | [2] | (3,188.4) | [2] | | | | |
Payments of Dividends | | 597.1 | | 516.7 | [2] | 445.9 | [2] | | | | |
Payments for Repurchase of Common Stock | | 1,146.2 | | 500 | [2] | 400 | [2] | | | | |
Net proceeds from issuance of shares | | 21.8 | | 50.6 | [2] | 582.7 | [2],[26] | | | | |
Net proceeds from issuance of notes | | 0 | | 0 | [2] | 2,230.6 | [2],[25],[27] | | | | |
Repayments of Long-term Debt | | 2.8 | [25] | 243 | [2] | 4.7 | [2] | | | | |
Tax benefit (deficit) from share-based payments | | 0 | | 0 | [2] | 0.9 | [2] | | | | |
Net cash from (used in) financing activities | | (1,724.3) | | (1,209.1) | [2] | 1,963.6 | [2] | | | | |
Net cash flows | | 856.9 | | (619.8) | [2] | 441.1 | [2] | | | | |
Effect of changes in exchange rates on cash | | 5.2 | | (28.1) | [2] | 7.1 | [2] | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | 862.1 | | (647.9) | [2] | 448.2 | [2] | | | | |
lease liabilities for operating leases [Member] | leases [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | | (114) | | (131) | | | | | | | |
Product [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | [10] | 8,259.1 | | 6,424.4 | [4],[28],[29] | 4,718.9 | [4],[28],[29],[30],[31] | | | | |
Cost of Goods and Services Sold | | (4,141.2) | | (3,439.9) | [4] | (2,423.9) | [4],[10] | | | | |
Service and Field Options [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | [10] | 2,684.9 | | 2,538.3 | [4] | 2,156.2 | [4] | | | | |
Cost of Goods and Services Sold | | € (1,773.6) | | (1,502.6) | [4] | (1,305.9) | [4],[10] | | | | |
Previously Reported [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Cash and cash equivalents | | | | 2,259 | | 2,906.9 | | | | 2,458.7 | |
Net Sales | | | | 9,052.8 | | 6,794.8 | | | | | |
Cost of Goods and Services Sold | | | | (4,976.1) | | (3,750.3) | | | | | |
Gross profit | | | | 4,076.7 | | 3,044.5 | | | | | |
Other income | | | | 95.8 | | 93.8 | | | | | |
Research and development costs | | | | (1,259.7) | | (1,105.8) | | | | | |
Selling, General and Administrative Expense | | | | (416.6) | | (374.8) | | | | | |
Income from operations | | | | 2,496.2 | | 1,657.7 | | | | | |
Interest and other, net | | | | (50.3) | | 33.7 | | | | | |
Income before income taxes | | | | 2,445.9 | | 1,691.4 | | | | | |
Income Tax Expense (Benefit) | | | | (310.7) | | (219.5) | | | | | |
Income (Loss) from Continuing Operations After Tax before Equity Method Investments, Noncontrolling Interest | | | | 2,135.2 | | 1,471.9 | | | | | |
Profit (loss) related to equity method investments | | | | 16.7 | | 0 | | | | | |
Accumulated other comprehensive income | | | | 251.5 | | 601.2 | | | | | |
Net income | | | | € 2,118.5 | | € 1,471.9 | | | | | |
Earnings Per Share, Basic | | | | € 4.93 | | € 3.46 | | | | | |
Earnings Per Share, Diluted | | | | € 4.91 | | € 3.44 | | | | | |
Basic | | | | 429.8 | | 425.6 | | | | | |
Diluted | | | | 431.6 | | 427.7 | | | | | |
Proportionate share of OCI from equity method investments | | | | € (1) | | € 0 | | | | | |
Foreign currency translation and effective portion of hedges on net investments | | | | (329) | | 120.4 | | | | | |
Gain (loss) on derivative financial instruments | | | | (16.6) | | 6 | | | | | |
Transfers to net income | | | | (3.1) | | 2.4 | | | | | |
Other comprehensive income, net of taxes | | | | (349.7) | | 128.8 | | | | | |
Total comprehensive income, net of taxes | | | | 1,768.8 | | 1,600.7 | | | | | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | | | | 1,768.8 | | 1,600.7 | | | | | |
Short-term investments | | | | 1,029.3 | | 1,150 | | | | | |
Accounts receivable, net | | | | 1,772.3 | | 700.2 | | | | | |
Finance receivables, net | | | | 59.1 | | 447.4 | | | | | |
Current tax assets | | | | 61.6 | | 11.6 | | | | | |
Contract Assets, Current | | | | 0 | | 0 | | | | | |
Inventories, net | | | | 2,958.4 | | 2,780.9 | | | | | |
Deferred tax assets | | | | | | 0 | | | | | |
Other assets | | | | 867.3 | | 560.4 | | | | | |
Total current assets | | | | 9,007 | | 8,557.4 | | | | | |
Finance receivables, net | | | | 264.9 | | 117.2 | | | | | |
Deferred tax assets | | | | 31.7 | | 34.9 | | | | | |
Contract with Customer, Asset, Net, Noncurrent | | | | | | 0 | | | | | |
Other assets | | | | 602.7 | | 612.3 | | | | | |
Equity Method Investments | | | | 982.2 | | 0 | | | | | |
Goodwill | | | | 4,541.1 | | 4,873.9 | | | | | |
Other intangible assets, net | | | | 1,166 | | 1,323 | | | | | |
Property, plant and equipment, net | | | | 1,600.8 | | 1,687.2 | | | | | |
Right-of-Use Assets, Non-Current | | | | 0 | | 0 | | | | | |
Total non-current assets | | | | 9,189.4 | | 8,648.5 | | | | | |
Total assets | | | | 18,196.4 | | 17,205.9 | | | | | |
Accounts payable | | | | 837.3 | | 593.2 | | | | | |
Accrued and other liabilities | | | | 2,327.4 | | 2,237.8 | | | | | |
Current tax liabilities | | | | 152 | | 201.9 | | | | | |
Current portion of long-term debt | | | | 25.2 | | 247.7 | | | | | |
Contract Liabilities, Current | | | | 0 | | 0 | | | | | |
Total current liabilities | | | | 3,341.9 | | 3,280.6 | | | | | |
Long-term debt | | | | 3,000.1 | | 3,071.8 | | | | | |
Deferred and other tax liabilities | | | | 327.9 | | 396.9 | | | | | |
Restructuring Reserve, Noncurrent | | | | | | 20.5 | | | | | |
Contract Liabilities, Noncurrent | | | | 0 | | 0 | | | | | |
Accrued and other liabilities | | | | 850.3 | | 615.7 | | | | | |
Total non-current liabilities | | | | 4,178.3 | | 4,104.9 | | | | | |
Total liabilities | | | | 7,520.2 | | 7,385.5 | | | | | |
Issued and outstanding shares | | | | 38.8 | | 39.4 | | | | | |
Share premium | | | | 3,732.5 | | 3,693.5 | | | | | |
Treasury Stock, Value | | | | 557.9 | | 796.2 | | | | | |
Retained earnings | | | | 5,092.8 | | 4,810.6 | | | | | |
Stockholders' Equity Attributable to Parent | | | | 10,676.2 | | 9,820.4 | | | | | |
Total liabilities and shareholders’ equity | | | | 18,196.4 | | 17,205.9 | | | | | |
Depreciation, Depletion and Amortization | | | | 417.5 | | 356.9 | | | | | |
Impairment | | | | 9 | | 3.5 | | | | | |
Gain (Loss) on Disposition of Property Plant Equipment | | | | (2.8) | | (5.2) | | | | | |
Share-based payments | | | | 53.1 | | 47.7 | | | | | |
Allowance for doubtful receivables | | | | 7.8 | | 3.2 | | | | | |
Allowance for obsolete inventory | | | | 120.1 | | 73 | | | | | |
Deferred Income Taxes and Tax Credits | | | | (7.6) | | (0.6) | | | | | |
Proceeds from Equity Method Investment, Distribution | | | | 16.7 | | | | | | | |
Increase (Decrease) in Accounts Receivable | | | | 1,142.4 | | (187.4) | | | | | |
Increase (Decrease) in Leasing Receivables | | | | (224.8) | | 156.1 | | | | | |
Increase (Decrease) in Inventories | | | | 237.8 | | 43.7 | | | | | |
Increase (Decrease) in Other Operating Assets | | | | 389.8 | | 152.9 | | | | | |
Accrued and other liabilities | | | | 491.2 | | (273.9) | | | | | |
Accounts payable | | | | 266.5 | | 50.9 | | | | | |
Current tax assets and liabilities | | | | (151.8) | | 93.4 | | | | | |
Increase (Decrease) in Contract with Customer, Liability | | | | 0 | | 0 | | | | | |
Net cash provided by operating activities | | | | 1,798.6 | | 1,665.9 | | | | | |
Payments to Acquire Property, Plant, and Equipment | | | | 338.9 | | 316.3 | | | | | |
Payments to Acquire Intangible Assets | | | | 19.1 | | 8.4 | | | | | |
Payments to Acquire Other Investments | | | | 1,129.3 | | 2,520 | | | | | |
Maturity of short-term investments | | | | 1,250 | | 2,320 | | | | | |
Payments for (Proceeds from) Derivative Instrument, Investing Activities | | | | (27) | | 15 | | | | | |
Payments for (Proceeds from) Other Investing Activities | | | | 0.6 | | 0 | | | | | |
Proceeds from (Repayments of) Debt | | | | 1.6 | | (7.4) | | | | | |
Payments to Acquire Equity Method Investments | | | | 1,019.7 | | 0 | | | | | |
Proceeds from Equity Method Investment, Distribution, Return of Capital | | | | 19.7 | | 0 | | | | | |
Payments to Acquire Businesses, Net of Cash Acquired | | | | 0 | | 2,641.3 | | | | | |
Net cash used in investing activities | | | | (1,209.3) | | (3,188.4) | | | | | |
Payments of Dividends | | | | 516.7 | | 445.9 | | | | | |
Payments for Repurchase of Common Stock | | | | 500 | | 400 | | | | | |
Net proceeds from issuance of shares | | | | 50.6 | | 582.7 | | | | | |
Net proceeds from issuance of notes | | | | 0 | | 2,230.6 | | | | | |
Repayments of Long-term Debt | | | | 243 | | 4.7 | | | | | |
Tax benefit (deficit) from share-based payments | | | | 0 | | 0.9 | | | | | |
Net cash from (used in) financing activities | | | | (1,209.1) | | 1,963.6 | | | | | |
Net cash flows | | | | (619.8) | | 441.1 | | | | | |
Effect of changes in exchange rates on cash | | | | (28.1) | | 7.1 | | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | | | (647.9) | | 448.2 | | | | | |
Previously Reported [Member] | Product [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | 6,373.7 | | 4,672 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | (3,459) | | (2,468.2) | | | | | |
Previously Reported [Member] | Service and Field Options [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | 2,679.1 | | 2,122.8 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | (1,517.1) | | (1,282.1) | | | | | |
Restatement Adjustment [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Cash and cash equivalents | | | | 0 | | 0 | | | | 0 | |
Net Sales | | | | (90.1) | | 80.3 | | | | | |
Cost of Goods and Services Sold | | | | 33.6 | | 20.5 | | | | | |
Gross profit | | | | (56.5) | | 100.8 | | | | | |
Other income | | | | 0 | | 0 | | | | | |
Research and development costs | | | | 0 | | 0 | | | | | |
Selling, General and Administrative Expense | | | | 0 | | 0 | | | | | |
Income from operations | | | | (56.5) | | 100.8 | | | | | |
Interest and other, net | | | | 0 | | 0 | | | | | |
Income before income taxes | | | | (56.5) | | 100.8 | | | | | |
Income Tax Expense (Benefit) | | | | 4.7 | | (14.9) | | | | | |
Income (Loss) from Continuing Operations After Tax before Equity Method Investments, Noncontrolling Interest | | | | (51.8) | | 85.9 | | | | | |
Profit (loss) related to equity method investments | | | | 0 | | 0 | | | | | |
Accumulated other comprehensive income | | | | 0 | | 0 | | | | | |
Net income | | | | (51.8) | | 85.9 | | | | | |
Proportionate share of OCI from equity method investments | | | | 0 | | | | | | | |
Foreign currency translation and effective portion of hedges on net investments | | | | 0 | | | | | | | |
Gain (loss) on derivative financial instruments | | | | 0 | | | | | | | |
Transfers to net income | | | | 0 | | | | | | | |
Other comprehensive income, net of taxes | | | | 0 | | 0 | | | | | |
Total comprehensive income, net of taxes | | | | (51.8) | | 85.9 | | | | | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | | | | (51.8) | | 85.9 | | | | | |
Short-term investments | | | | 0 | | 0 | | | | | |
Accounts receivable, net | | | | (32) | | (26) | | | | | |
Finance receivables, net | | | | 0 | | 0 | | | | | |
Current tax assets | | | | 0 | | 0 | | | | | |
Contract Assets, Current | | | | 270.4 | | 91.6 | | | | | |
Inventories, net | | | | (2.8) | | (49.1) | | | | | |
Deferred tax assets | | | | | | 0 | | | | | |
Other assets | | | | (356.8) | | (62.8) | | | | | |
Total current assets | | | | (121.2) | | (46.3) | | | | | |
Finance receivables, net | | | | 0 | | (61.3) | | | | | |
Deferred tax assets | | | | 0 | | 0 | | | | | |
Contract with Customer, Asset, Net, Noncurrent | | | | | | 56.7 | | | | | |
Other assets | | | | 0 | | 0 | | | | | |
Equity Method Investments | | | | 0 | | 0 | | | | | |
Goodwill | | | | 0 | | 0 | | | | | |
Other intangible assets, net | | | | 0 | | 0 | | | | | |
Property, plant and equipment, net | | | | 0 | | 0 | | | | | |
Right-of-Use Assets, Non-Current | | | | 0 | | 0 | | | | | |
Total non-current assets | | | | 0 | | (4.6) | | | | | |
Total assets | | | | (121.2) | | (50.9) | | | | | |
Accounts payable | | | | 0 | | 0 | | | | | |
Accrued and other liabilities | | | | (1,734.6) | | (1,590.8) | | | | | |
Current tax liabilities | | | | 0 | | 0 | | | | | |
Current portion of long-term debt | | | | 0 | | 0 | | | | | |
Contract Liabilities, Current | | | | 1,530 | | 1,386.4 | | | | | |
Total current liabilities | | | | (204.6) | | (204.4) | | | | | |
Long-term debt | | | | 0 | | 0 | | | | | |
Deferred and other tax liabilities | | | | 13.2 | | 14 | | | | | |
Restructuring Reserve, Noncurrent | | | | | | 0 | | | | | |
Contract Liabilities, Noncurrent | | | | 622 | | 447.4 | | | | | |
Accrued and other liabilities | | | | (652) | | (459.9) | | | | | |
Total non-current liabilities | | | | (16.8) | | 1.5 | | | | | |
Total liabilities | | | | (221.4) | | (202.9) | | | | | |
Issued and outstanding shares | | | | 0 | | 0 | | | | | |
Share premium | | | | 0 | | 0 | | | | | |
Treasury Stock, Value | | | | 0 | | 0 | | | | | |
Retained earnings | | | | 152 | | | | | | | |
Retained earnings opening balance adjustment | | | | | | | | | € 66.1 | | |
Stockholders' Equity Attributable to Parent | | | | 100.2 | | 152 | | | | | |
Total liabilities and shareholders’ equity | | | | (121.2) | | (50.9) | | | | | |
Depreciation, Depletion and Amortization | | | | 0 | | 0 | | | | | |
Impairment | | | | 0 | | 0 | | | | | |
Gain (Loss) on Disposition of Property Plant Equipment | | | | 0 | | 0 | | | | | |
Share-based payments | | | | 0 | | 0 | | | | | |
Allowance for doubtful receivables | | | | 0 | | 0 | | | | | |
Allowance for obsolete inventory | | | | 0 | | 0 | | | | | |
Deferred Income Taxes and Tax Credits | | | | (0.8) | | 14 | | | | | |
Proceeds from Equity Method Investment, Distribution | | | | 0 | | | | | | | |
Increase (Decrease) in Accounts Receivable | | | | (6) | | (26) | | | | | |
Increase (Decrease) in Leasing Receivables | | | | 61.3 | | (61.3) | | | | | |
Increase (Decrease) in Inventories | | | | 46.3 | | (49.1) | | | | | |
Increase (Decrease) in Other Operating Assets | | | | (294) | | (62.8) | | | | | |
Accrued and other liabilities | | | | (400.3) | | 246.9 | | | | | |
Accounts payable | | | | 0 | | 0 | | | | | |
Current tax assets and liabilities | | | | 0 | | 0 | | | | | |
Increase (Decrease) in Contract with Customer, Liability | | | | 260.5 | | (546) | | | | | |
Net cash provided by operating activities | | | | 0 | | 0 | | | | | |
Payments to Acquire Property, Plant, and Equipment | | | | 0 | | 0 | | | | | |
Payments to Acquire Intangible Assets | | | | 0 | | 0 | | | | | |
Payments to Acquire Other Investments | | | | 0 | | 0 | | | | | |
Maturity of short-term investments | | | | 0 | | 0 | | | | | |
Payments for (Proceeds from) Derivative Instrument, Investing Activities | | | | 0 | | 0 | | | | | |
Payments for (Proceeds from) Other Investing Activities | | | | 0 | | 0 | | | | | |
Proceeds from (Repayments of) Debt | | | | 0 | | 0 | | | | | |
Payments to Acquire Equity Method Investments | | | | 0 | | 0 | | | | | |
Proceeds from Equity Method Investment, Distribution, Return of Capital | | | | 0 | | 0 | | | | | |
Payments to Acquire Businesses, Net of Cash Acquired | | | | 0 | | 0 | | | | | |
Net cash used in investing activities | | | | 0 | | 0 | | | | | |
Payments of Dividends | | | | 0 | | 0 | | | | | |
Payments for Repurchase of Common Stock | | | | 0 | | 0 | | | | | |
Net proceeds from issuance of shares | | | | 0 | | 0 | | | | | |
Net proceeds from issuance of notes | | | | 0 | | 0 | | | | | |
Repayments of Long-term Debt | | | | 0 | | 0 | | | | | |
Tax benefit (deficit) from share-based payments | | | | 0 | | 0 | | | | | |
Net cash from (used in) financing activities | | | | 0 | | 0 | | | | | |
Net cash flows | | | | 0 | | 0 | | | | | |
Effect of changes in exchange rates on cash | | | | 0 | | 0 | | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | | | 0 | | 0 | | | | | |
Restatement Adjustment [Member] | Product [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | 50.7 | | 46.9 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | 19.1 | | 44.3 | | | | | |
Restatement Adjustment [Member] | Service and Field Options [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | (140.8) | | 33.4 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | 14.5 | | (23.8) | | | | | |
Restated amount, previously reported including adjustment [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Cash and cash equivalents | | | | 2,259 | | 2,906.9 | | | | € 2,458.7 | |
Net Sales | | | | 8,962.7 | | 6,875.1 | | | | | |
Cost of Goods and Services Sold | | | | (4,942.5) | | (3,729.8) | | | | | |
Gross profit | | | | 4,020.2 | | 3,145.3 | | | | | |
Other income | | | | 95.8 | | 93.8 | | | | | |
Research and development costs | | | | (1,259.7) | | (1,105.8) | | | | | |
Selling, General and Administrative Expense | | | | (416.6) | | (374.8) | | | | | |
Income from operations | | | | 2,439.7 | | 1,758.5 | | | | | |
Interest and other, net | | | | (50.3) | | 33.7 | | | | | |
Income before income taxes | | | | 2,389.4 | | 1,792.2 | | | | | |
Income Tax Expense (Benefit) | | | | (306) | | (234.4) | | | | | |
Income (Loss) from Continuing Operations After Tax before Equity Method Investments, Noncontrolling Interest | | | | 2,083.4 | | 1,557.8 | | | | | |
Profit (loss) related to equity method investments | | | | 16.7 | | 0 | | | | | |
Accumulated other comprehensive income | | | | 251.5 | | 601.2 | | | | | |
Net income | | | | € 2,066.7 | | € 1,557.8 | | | | | |
Earnings Per Share, Basic | | | | € 4.81 | | € 3.66 | | | | | |
Earnings Per Share, Diluted | | | | € 4.79 | | € 3.64 | | | | | |
Basic | | | | 429.8 | | 425.6 | | | | | |
Diluted | | | | 431.6 | | 427.7 | | | | | |
Proportionate share of OCI from equity method investments | | | | € (1) | | € 0 | | | | | |
Foreign currency translation and effective portion of hedges on net investments | | | | (329) | | 120.4 | | | | | |
Gain (loss) on derivative financial instruments | | | | (16.6) | | 6 | | | | | |
Transfers to net income | | | | (3.1) | | 2.4 | | | | | |
Other comprehensive income, net of taxes | | | | (349.7) | | 128.8 | | | | | |
Total comprehensive income, net of taxes | | | | 1,717 | | 1,686.6 | | | | | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | | | | 1,717 | | 1,686.6 | | | | | |
Short-term investments | | | | 1,029.3 | | 1,150 | | | | | |
Accounts receivable, net | | | | 1,740.3 | | 674.2 | | | | | |
Finance receivables, net | | | | 59.1 | | 447.4 | | | | | |
Current tax assets | | | | 61.6 | | 11.6 | | | | | |
Contract Assets, Current | | | | 270.4 | | 91.6 | | | | | |
Inventories, net | | | | 2,955.6 | | 2,731.8 | | | | | |
Deferred tax assets | | | | | | 0 | | | | | |
Other assets | | | | 510.5 | | 497.6 | | | | | |
Total current assets | | | | 8,885.8 | | 8,511.1 | | | | | |
Finance receivables, net | | | | 264.9 | | 55.9 | | | | | |
Deferred tax assets | | | | 31.7 | | 34.9 | | | | | |
Contract with Customer, Asset, Net, Noncurrent | | | | | | 56.7 | | | | | |
Other assets | | | | 602.7 | | 612.3 | | | | | |
Equity Method Investments | | | | 982.2 | | 0 | | | | | |
Goodwill | | | | 4,541.1 | | 4,873.9 | | | | | |
Other intangible assets, net | | | | 1,166 | | 1,323 | | | | | |
Property, plant and equipment, net | | | | 1,600.8 | | 1,687.2 | | | | | |
Right-of-Use Assets, Non-Current | | | | 0 | | 0 | | | | | |
Total non-current assets | | | | 9,189.4 | | 8,643.9 | | | | | |
Total assets | | | | 18,075.2 | | 17,155 | | | | | |
Accounts payable | | | | 837.3 | | 593.2 | | | | | |
Accrued and other liabilities | | | | 592.8 | | 647 | | | | | |
Current tax liabilities | | | | 152 | | 201.9 | | | | | |
Current portion of long-term debt | | | | 25.2 | | 247.7 | | | | | |
Contract Liabilities, Current | | | | 1,530 | | 1,386.4 | | | | | |
Total current liabilities | | | | 3,137.3 | | 3,076.2 | | | | | |
Long-term debt | | | | 3,000.1 | | 3,071.8 | | | | | |
Deferred and other tax liabilities | | | | 341.1 | | 410.9 | | | | | |
Restructuring Reserve, Noncurrent | | | | | | 20.5 | | | | | |
Contract Liabilities, Noncurrent | | | | 622 | | 447.4 | | | | | |
Accrued and other liabilities | | | | 198.3 | | 155.8 | | | | | |
Total non-current liabilities | | | | 4,161.5 | | 4,106.4 | | | | | |
Total liabilities | | | | 7,298.8 | | 7,182.6 | | | | | |
Issued and outstanding shares | | | | 38.8 | | 39.4 | | | | | |
Share premium | | | | 3,732.5 | | 3,693.5 | | | | | |
Treasury Stock, Value | | | | 557.9 | | 796.2 | | | | | |
Retained earnings | | | | 5,244.8 | | 4,876.7 | | | | | |
Stockholders' Equity Attributable to Parent | | | | 10,776.4 | | 9,972.4 | | | | | |
Total liabilities and shareholders’ equity | | | | 18,075.2 | | 17,155 | | | | | |
Depreciation, Depletion and Amortization | | | | 417.5 | | 356.9 | | | | | |
Impairment | | | | 9 | | 3.5 | | | | | |
Gain (Loss) on Disposition of Property Plant Equipment | | | | (2.8) | | (5.2) | | | | | |
Share-based payments | | | | 53.1 | | 47.7 | | | | | |
Allowance for doubtful receivables | | | | 7.8 | | 3.2 | | | | | |
Allowance for obsolete inventory | | | | 120.1 | | 73 | | | | | |
Deferred Income Taxes and Tax Credits | | | | (8.4) | | 13.4 | | | | | |
Proceeds from Equity Method Investment, Distribution | | | | 16.7 | | | | | | | |
Increase (Decrease) in Accounts Receivable | | | | 1,136.4 | | (213.4) | | | | | |
Increase (Decrease) in Leasing Receivables | | | | (163.5) | | 94.8 | | | | | |
Increase (Decrease) in Inventories | | | | 284.1 | | (5.4) | | | | | |
Increase (Decrease) in Other Operating Assets | | | | 95.8 | | 90.1 | | | | | |
Accrued and other liabilities | | | | 90.9 | | (27) | | | | | |
Accounts payable | | | | 266.5 | | 50.9 | | | | | |
Current tax assets and liabilities | | | | (151.8) | | 93.4 | | | | | |
Increase (Decrease) in Contract with Customer, Liability | | | | 260.5 | | (546) | | | | | |
Net cash provided by operating activities | | | | 1,798.6 | | 1,665.9 | | | | | |
Payments to Acquire Property, Plant, and Equipment | | | | 338.9 | | 316.3 | | | | | |
Payments to Acquire Intangible Assets | | | | 19.1 | | 8.4 | | | | | |
Payments to Acquire Other Investments | | | | 1,129.3 | | 2,520 | | | | | |
Maturity of short-term investments | | | | 1,250 | | 2,320 | | | | | |
Payments for (Proceeds from) Derivative Instrument, Investing Activities | | | | (27) | | 15 | | | | | |
Payments for (Proceeds from) Other Investing Activities | | | | 0.6 | | 0 | | | | | |
Proceeds from (Repayments of) Debt | | | | 1.6 | | (7.4) | | | | | |
Payments to Acquire Equity Method Investments | | | | 1,019.7 | | 0 | | | | | |
Proceeds from Equity Method Investment, Distribution, Return of Capital | | | | 19.7 | | 0 | | | | | |
Payments to Acquire Businesses, Net of Cash Acquired | | | | 0 | | 2,641.3 | | | | | |
Net cash used in investing activities | | | | (1,209.3) | | (3,188.4) | | | | | |
Payments of Dividends | | | | 516.7 | | 445.9 | | | | | |
Payments for Repurchase of Common Stock | | | | 500 | | 400 | | | | | |
Net proceeds from issuance of shares | | | | 50.6 | | 582.7 | | | | | |
Net proceeds from issuance of notes | | | | 0 | | 2,230.6 | | | | | |
Repayments of Long-term Debt | | | | 243 | | 4.7 | | | | | |
Tax benefit (deficit) from share-based payments | | | | 0 | | 0.9 | | | | | |
Net cash from (used in) financing activities | | | | (1,209.1) | | 1,963.6 | | | | | |
Net cash flows | | | | (619.8) | | 441.1 | | | | | |
Effect of changes in exchange rates on cash | | | | (28.1) | | 7.1 | | | | | |
Cash and Cash Equivalents, Period Increase (Decrease) | | | | (647.9) | | 448.2 | | | | | |
Restated amount, previously reported including adjustment [Member] | Product [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | 6,424.4 | | 4,718.9 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | (3,439.9) | | (2,423.9) | | | | | |
Restated amount, previously reported including adjustment [Member] | Service and Field Options [Member] | | | | | | | | | | | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | | | | | | | | | | | |
Net Sales | | | | 2,538.3 | | 2,156.2 | | | | | |
Cost of Goods and Services Sold | [4],[10] | | | € (1,502.6) | | € (1,305.9) | | | | | |
| |
[1] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[2] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[3] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[4] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[5] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[6] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. The Retained Earnings balance at January 1, 2016 has been increased by EUR 66.1 million to reflect the changes in the new Revenue Recognition Standard. | |
[7] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[8] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. 2.The calculation of diluted net income per ordinary share assumes the exercise of options issued under our stock option plans and the issuance of shares under our share plans for periods in which exercises or issuances would have a dilutive effect. The calculation of diluted net income per ordinary share does not assume exercise of options when exercise would be anti-dilutive. | |
[9] | The calculation of diluted net income per ordinary share assumes the exercise of options issued under our stock option plans and the issuance of shares under our share plans for periods in which exercises or issuances would have a dilutive effect. The calculation of diluted net income per ordinary share does not assume exercise of options when exercise would be anti-dilutive. | |
[10] | As of January 1, 2017, ASML presents net sales with respect to metrology and inspection systems as part of net system sales instead of net service and field option sales. The 2016 numbers have been adjusted to reflect this change in accounting policy. | |
[11] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[12] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[13] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[14] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[15] | 2.As per January 1, 2018, ASML has adopted ASU No. 2016-16 Income Taxes (ASC 740) 'Intra-Entity Transfers of Assets Other Than Inventory', adjusted to retained earnings as of January 1, 2018. See Note 1 General information / summary of significant accounting policies. | |
[16] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[17] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[18] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[19] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[20] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[21] | In 2018, depreciation and amortization includes EUR 315.4 million of depreciation of property, plant and equipment (2017: EUR 308.2 million, 2016: EUR 290.8 million), EUR 103.7 million of amortization of intangible assets (2017: EUR 105.5 million, 2016: EUR 63.5 million) and EUR 3.6 million of amortization of underwriting commissions and discount related to the bonds and credit facility (2017: EUR 3.8 million, 2016: EUR 2.6 million). | |
[22] | In 2018, an amount of EUR 70.8 million (2017: EUR 45.8 million, 2016: EUR 22.8 million) of the disposal of property, plant and equipment relates to non-cash transfers to inventory. Since the transfers between inventory and property, plant and equipment are non-cash events, these are not reflected in these Consolidated Statements of Cash Flows. Additionally, in 2018, an amount of EUR 54.7 million of land and buildings was reclassified to other assets. See Note 13 Property, plant and equipment. | |
[23] | 5.In 2018, an amount of EUR 59.8 million (2017: EUR 13.4 million, 2016: EUR 21.6 million) of the additions in property, plant and equipment relates to non-cash transfers from inventory. Since the transfers between inventory and property, plant and equipment are non-cash events, these are not reflected in these Consolidated Statements of Cash Flows. See Note 13 Property, plant and equipment. | |
[24] | 6.In 2018, an amount of EUR 191.6 million (2017: EUR 36.5 million) of the purchase of property, plant and equipment relates to funding provided for tooling to our equity method investment. This funding is not reflected as addition in our movement schedule of property, plant and equipment, see Note 13 Property, plant and equipment, but is presented as part of the other assets. For further details regarding our equity method investments see Note 10 Equity method investments. | |
[25] | 7.In 2018, an amount of EUR 24.5 million of the purchase of property, plant and equipment relates to exercising the purchase option of our headquarters in Veldhoven in June 2018. This cash outflow is not reflected as addition in our movement schedule of property, plant and equipment as it was previously recognized as property, plant and equipment as Koppelenweg I B.V. was a VIE. See Note 13 Property, plant and equipment. | |
[26] | 8.In 2016, net proceeds from issuance of shares include an amount of EUR 536.6 million which is included in the consideration transferred for the acquisition of HMI. See Note 2 Business combinations. | |
[27] | 9.In 2016, net proceeds from issuance of notes relate to the total cash proceeds of EUR 2,230.6 million (net of incurred transaction costs) from the issuance of our EUR 500 million 0.625 percent senior notes due 2022, our EUR 1,000 million 1.375 percent senior notes due 2026 and our EUR 750 million 1.625 percent senior notes due 2026. | |
[28] | 1.As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[29] | As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers have been adjusted to reflect these changes in accounting policies, see Note 1 General information / summary of significant accounting policies. | |
[30] | 2.As of January 1, 2017, ASML presents net sales with respect to metrology and inspection systems as part of net system sales instead of net service and field option sales. The 2016 numbers have been adjusted to reflect this change in accounting policy. | |
[31] | As of January 1, 2017, ASML presents net sales with respect to metrology and inspection systems as part of net system sales instead of net service and field option sales. The 2016 numbers have been adjusted to reflect this change in accounting policy. | |