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Subsequent Event | 12 Months Ended
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Dec. 31, 2019
Subsequent Events [Abstract] |
Subsequent Event | Note 22 — Subsequent Event On January 12, 2020, we entered into a definitive merger agreement with Woodward, Inc. (“Woodward”) to combine in an all stock merger of equals where Hexcel shareholders will receive a fixed exchange ratio of 0.625 shares of Woodward common stock for each share of Hexcel common stock, and Woodward shareholders will continue to own the same number of shares of common stock in the combined company as they do immediately prior to the closing. The exchange ratio is consistent with the 30-day average share prices of both companies. Upon completion of the merger, existing Woodward shareholders will own approximately 55% and existing Hexcel shareholders will own approximately 45% of the combined company on a fully diluted basis. The transaction is subject to approval by Woodward and Hexcel shareholders and the satisfaction of customary closing conditions and regulatory approvals. Woodward and Hexcel expect to complete the transaction in the third quarter of 2020.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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