2016 Q2 Form 10-Q Financial Statement

#000109087216000070 Filed on June 07, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.019B $963.0M
YoY Change 5.82% -2.53%
Cost Of Revenue $489.0M $483.0M
YoY Change 1.24% -3.98%
Gross Profit $530.0M $480.0M
YoY Change 10.42% -1.03%
Gross Profit Margin 52.01% 49.84%
Selling, General & Admin $318.0M $292.0M
YoY Change 8.9% -3.95%
% of Gross Profit 60.0% 60.83%
Research & Development $81.00M $81.00M
YoY Change 0.0% -6.9%
% of Gross Profit 15.28% 16.88%
Depreciation & Amortization $64.00M $63.00M
YoY Change 1.59% -35.05%
% of Gross Profit 12.08% 13.13%
Operating Expenses $399.0M $373.0M
YoY Change 6.97% -4.6%
Operating Profit $131.0M $107.0M
YoY Change 22.43% 13.83%
Interest Expense $18.00M $17.00M
YoY Change 5.88% -43.33%
% of Operating Profit 13.74% 15.89%
Other Income/Expense, Net $1.000M $4.000M
YoY Change -75.0% 33.33%
Pretax Income $195.0M $169.0M
YoY Change 15.38% 1.2%
Income Tax $26.00M $4.000M
% Of Pretax Income 13.33% 2.37%
Net Earnings $91.00M $87.00M
YoY Change 4.6% -37.41%
Net Earnings / Revenue 8.93% 9.03%
Basic Earnings Per Share $0.28 $0.26
Diluted Earnings Per Share $0.28 $0.26
COMMON SHARES
Basic Shares Outstanding 326.0M shares 334.0M shares
Diluted Shares Outstanding 328.0M shares 337.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.139B $2.197B
YoY Change -2.64% -25.53%
Cash & Equivalents $2.139B $2.197B
Short-Term Investments
Other Short-Term Assets $192.0M $291.0M
YoY Change -34.02% -31.37%
Inventory $555.0M $556.0M
Prepaid Expenses
Receivables $602.0M $576.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.488B $3.620B
YoY Change -3.65% -32.68%
LONG-TERM ASSETS
Property, Plant & Equipment $610.0M $593.0M
YoY Change 2.87% -47.94%
Goodwill $2.556B $2.341B
YoY Change 9.18% -23.67%
Intangibles $490.0M $516.0M
YoY Change -5.04% -37.45%
Long-Term Investments $157.0M $91.00M
YoY Change 72.53% -31.58%
Other Assets $339.0M $251.0M
YoY Change 35.06% -48.25%
Total Long-Term Assets $4.152B $3.792B
YoY Change 9.49% -32.87%
TOTAL ASSETS
Total Short-Term Assets $3.488B $3.620B
Total Long-Term Assets $4.152B $3.792B
Total Assets $7.640B $7.412B
YoY Change 3.08% -32.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.0M $261.0M
YoY Change -15.71% -45.74%
Accrued Expenses $394.0M $389.0M
YoY Change 1.29% -49.08%
Deferred Revenue
YoY Change
Short-Term Debt $235.0M $0.00
YoY Change
Long-Term Debt Due $235.0M
YoY Change
Total Short-Term Liabilities $1.133B $930.0M
YoY Change 21.83% -45.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.654B $1.656B
YoY Change -0.12% -38.51%
Other Long-Term Liabilities $446.0M $489.0M
YoY Change -8.79% -32.46%
Total Long-Term Liabilities $2.100B $2.145B
YoY Change -2.1% -37.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.133B $930.0M
Total Long-Term Liabilities $2.100B $2.145B
Total Liabilities $3.475B $3.251B
YoY Change 6.89% -39.76%
SHAREHOLDERS EQUITY
Retained Earnings $5.720B $5.397B
YoY Change 5.98% -15.46%
Common Stock $6.000M $6.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.37B $9.975B
YoY Change 3.94% 2.23%
Treasury Stock Shares 287.0M shares 277.0M shares
Shareholders Equity $4.162B $4.158B
YoY Change
Total Liabilities & Shareholders Equity $7.640B $7.412B
YoY Change 3.08% -32.78%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $91.00M $87.00M
YoY Change 4.6% -37.41%
Depreciation, Depletion And Amortization $64.00M $63.00M
YoY Change 1.59% -35.05%
Cash From Operating Activities $249.0M $183.0M
YoY Change 36.07% -43.69%
INVESTING ACTIVITIES
Capital Expenditures -$25.00M -$20.00M
YoY Change 25.0% -62.26%
Acquisitions
YoY Change
Other Investing Activities -$83.00M $13.00M
YoY Change -738.46% -750.0%
Cash From Investing Activities -$108.0M -$7.000M
YoY Change 1442.86% -87.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.00M -101.0M
YoY Change -136.63% 40.28%
NET CHANGE
Cash From Operating Activities 249.0M 183.0M
Cash From Investing Activities -108.0M -7.000M
Cash From Financing Activities 37.00M -101.0M
Net Change In Cash 178.0M 75.00M
YoY Change 137.33% -62.12%
FREE CASH FLOW
Cash From Operating Activities $249.0M $183.0M
Capital Expenditures -$25.00M -$20.00M
Free Cash Flow $274.0M $203.0M
YoY Change 34.98% -46.3%

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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2015Q4 us-gaap Employee Related Liabilities Current
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CY2015Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2016Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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36000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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48000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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59000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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83000000 USD
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us-gaap Finite Lived Intangible Assets Period Increase Decrease
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118000000 USD
us-gaap Finite Lived Intangible Assets Translation Adjustments
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10000000 USD
CY2015Q4 us-gaap Goodwill
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CY2016Q2 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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CY2016Q2 us-gaap Goodwill Impairment Loss
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CY2016Q2 us-gaap Goodwill Purchase Accounting Adjustments
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
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53000000 USD
CY2015Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
CY2016Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2015Q2 us-gaap Impairment Of Investments
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0 USD
us-gaap Impairment Of Investments
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0 USD
CY2016Q2 us-gaap Impairment Of Investments
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0 USD
us-gaap Impairment Of Investments
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0 USD
CY2015Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2016Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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CY2015Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2016Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2015Q2 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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185000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
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91000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
214000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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169000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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345000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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195000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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400000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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96000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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209000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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117000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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259000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.55
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
us-gaap Increase Decrease In Restricted Cash
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015Q1 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
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12000000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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4000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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26000000 USD
us-gaap Income Tax Expense Benefit
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45000000 USD
us-gaap Income Taxes Paid
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9000000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Inventories
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18000000 USD
us-gaap Increase Decrease In Inventories
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13000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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129000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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15000000 USD
us-gaap Increase Decrease In Restricted Cash
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CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2000000 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3000000 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
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490000000 USD
CY2015Q2 us-gaap Interest Expense
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us-gaap Interest Expense
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33000000 USD
CY2016Q2 us-gaap Interest Expense
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18000000 USD
us-gaap Interest Expense
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36000000 USD
CY2015Q4 us-gaap Inventory Finished Goods
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362000000 USD
CY2016Q2 us-gaap Inventory Finished Goods
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367000000 USD
CY2015Q4 us-gaap Inventory Net
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541000000 USD
CY2016Q2 us-gaap Inventory Net
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555000000 USD
CY2015Q4 us-gaap Inventory Work In Process And Raw Materials
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179000000 USD
CY2016Q2 us-gaap Inventory Work In Process And Raw Materials
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188000000 USD
us-gaap Inventory Write Down
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13000000 USD
us-gaap Inventory Write Down
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12000000 USD
CY2015Q2 us-gaap Investment Income Interest
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2000000 USD
us-gaap Investment Income Interest
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4000000 USD
CY2016Q2 us-gaap Investment Income Interest
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3000000 USD
us-gaap Investment Income Interest
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5000000 USD
CY2015Q4 us-gaap Liabilities
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CY2016Q2 us-gaap Liabilities
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3475000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7479000000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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145000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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89000000 USD
CY2015Q4 us-gaap Liabilities Current
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CY2016Q2 us-gaap Liabilities Current
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CY2016Q2 us-gaap Line Of Credit
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CY2015Q4 us-gaap Long Term Debt
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CY2016Q2 us-gaap Long Term Debt
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CY2015Q4 us-gaap Long Term Debt Noncurrent
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CY2016Q2 us-gaap Long Term Debt Noncurrent
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CY2015Q4 us-gaap Long Term Investments
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CY2016Q2 us-gaap Long Term Investments
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157000000 USD
CY2015Q4 us-gaap Minority Interest
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CY2016Q2 us-gaap Minority Interest
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CY2015Q4 us-gaap Mortgage Loans On Real Estate
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38000000 USD
CY2016Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
40000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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163000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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360000000 USD
CY2016Q2 us-gaap Number Of Operating Segments
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3
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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222000000 USD
CY2016Q2 us-gaap Operating Income Loss
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131000000 USD
us-gaap Operating Income Loss
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286000000 USD
CY2015Q4 us-gaap Other Assets Current
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CY2016Q2 us-gaap Other Assets Current
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CY2015Q4 us-gaap Other Assets Noncurrent
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292000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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339000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
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CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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3000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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3000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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6000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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10000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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6000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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21000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2016Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2016Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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4000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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8000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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4000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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23000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Before Tax
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140000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
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99000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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5000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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4000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
153000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
96000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
8000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
7000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
139000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
92000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
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CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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6000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revision of Services and Other and Product Net Revenues and related Cost of Sales.</font><font style="font-family:inherit;font-size:11pt;">&#160;&#160; </font><font style="font-family:inherit;font-size:10pt;">In 2015, we revised amounts shown in our condensed consolidated statement of operations to more accurately reflect the character of items delivered to customers.&#160;&#160; Our diagnostic and genomics segment identified a stream of service revenues that had been presented as product revenue in the prior year.&#160; We have now revised prior year's presentation to show the revenue within services and other.&#160;&#160; The cost of sales associated with these newly identified service revenues has also been revised to align with the new presentation. For the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> services and other revenue increased </font><font style="font-family:inherit;font-size:10pt;">$9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$15 million</font><font style="font-family:inherit;font-size:10pt;"> and services and other cost of sales increased </font><font style="font-family:inherit;font-size:10pt;">$6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$11 million</font><font style="font-family:inherit;font-size:10pt;"> with corresponding reductions in product revenue and cost of sales. These corrections to the classifications are not considered to be material to current or prior periods and had no impact to our results of operations previously reported in our condensed consolidated statement of operations. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;"> The preparation of condensed consolidated financial statements in accordance with GAAP in the U.S. requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management&#8217;s best knowledge of current events and actions that may impact the company in the future, actual results may be different from the estimates. Our critical accounting policies are those that affect our financial statements materially and involve difficult, subjective or complex judgments by management. Those policies are revenue recognition, valuation of goodwill and purchased intangible assets, inventory valuation, share-based compensation, retirement and post-retirement plan assumptions and accounting for income taxes.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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