2017 Q2 Form 10-Q Financial Statement

#000109087217000008 Filed on June 06, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $1.102B $1.019B
YoY Change 8.15% 5.82%
Cost Of Revenue $510.0M $489.0M
YoY Change 4.29% 1.24%
Gross Profit $592.0M $530.0M
YoY Change 11.7% 10.42%
Gross Profit Margin 53.72% 52.01%
Selling, General & Admin $307.0M $318.0M
YoY Change -3.46% 8.9%
% of Gross Profit 51.86% 60.0%
Research & Development $84.00M $81.00M
YoY Change 3.7% 0.0%
% of Gross Profit 14.19% 15.28%
Depreciation & Amortization $54.00M $64.00M
YoY Change -15.63% 1.59%
% of Gross Profit 9.12% 12.08%
Operating Expenses $391.0M $399.0M
YoY Change -2.01% 6.97%
Operating Profit $201.0M $131.0M
YoY Change 53.44% 22.43%
Interest Expense $20.00M $18.00M
YoY Change 11.11% 5.88%
% of Operating Profit 9.95% 13.74%
Other Income/Expense, Net $5.000M $1.000M
YoY Change 400.0% -75.0%
Pretax Income $191.0M $195.0M
YoY Change -2.05% 15.38%
Income Tax $27.00M $26.00M
% Of Pretax Income 14.14% 13.33%
Net Earnings $164.0M $91.00M
YoY Change 80.22% 4.6%
Net Earnings / Revenue 14.88% 8.93%
Basic Earnings Per Share $0.51 $0.28
Diluted Earnings Per Share $0.50 $0.28
COMMON SHARES
Basic Shares Outstanding 321.0M shares 326.0M shares
Diluted Shares Outstanding 325.0M shares 328.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.389B $2.139B
YoY Change 11.69% -2.64%
Cash & Equivalents $2.389B $2.139B
Short-Term Investments
Other Short-Term Assets $186.0M $192.0M
YoY Change -3.13% -34.02%
Inventory $548.0M $555.0M
Prepaid Expenses
Receivables $677.0M $602.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.800B $3.488B
YoY Change 8.94% -3.65%
LONG-TERM ASSETS
Property, Plant & Equipment $675.0M $610.0M
YoY Change 10.66% 2.87%
Goodwill $2.568B $2.556B
YoY Change 0.47% 9.18%
Intangibles $373.0M $490.0M
YoY Change -23.88% -5.04%
Long-Term Investments $134.0M $157.0M
YoY Change -14.65% 72.53%
Other Assets $466.0M $339.0M
YoY Change 37.46% 35.06%
Total Long-Term Assets $4.216B $4.152B
YoY Change 1.54% 9.49%
TOTAL ASSETS
Total Short-Term Assets $3.800B $3.488B
Total Long-Term Assets $4.216B $4.152B
Total Assets $8.016B $7.640B
YoY Change 4.92% 3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $265.0M $220.0M
YoY Change 20.45% -15.71%
Accrued Expenses $376.0M $394.0M
YoY Change -4.57% 1.29%
Deferred Revenue
YoY Change
Short-Term Debt $241.0M $235.0M
YoY Change 2.55%
Long-Term Debt Due $241.0M $235.0M
YoY Change 2.55%
Total Short-Term Liabilities $1.187B $1.133B
YoY Change 4.77% 21.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.802B $1.654B
YoY Change 8.95% -0.12%
Other Long-Term Liabilities $335.0M $446.0M
YoY Change -24.89% -8.79%
Total Long-Term Liabilities $2.137B $2.100B
YoY Change 1.76% -2.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.187B $1.133B
Total Long-Term Liabilities $2.137B $2.100B
Total Liabilities $3.641B $3.475B
YoY Change 4.78% 6.89%
SHAREHOLDERS EQUITY
Retained Earnings -$393.0M $5.720B
YoY Change -106.87% 5.98%
Common Stock $3.000M $6.000M
YoY Change -50.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $10.37B
YoY Change -100.0% 3.94%
Treasury Stock Shares 0.000 shares 287.0M shares
Shareholders Equity $4.372B $4.162B
YoY Change
Total Liabilities & Shareholders Equity $8.016B $7.640B
YoY Change 4.92% 3.08%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $164.0M $91.00M
YoY Change 80.22% 4.6%
Depreciation, Depletion And Amortization $54.00M $64.00M
YoY Change -15.63% 1.59%
Cash From Operating Activities $257.0M $249.0M
YoY Change 3.21% 36.07%
INVESTING ACTIVITIES
Capital Expenditures -$43.00M -$25.00M
YoY Change 72.0% 25.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$83.00M
YoY Change -100.0% -738.46%
Cash From Investing Activities -$43.00M -$108.0M
YoY Change -60.19% 1442.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.00M 37.00M
YoY Change -281.08% -136.63%
NET CHANGE
Cash From Operating Activities 257.0M 249.0M
Cash From Investing Activities -43.00M -108.0M
Cash From Financing Activities -67.00M 37.00M
Net Change In Cash 147.0M 178.0M
YoY Change -17.42% 137.33%
FREE CASH FLOW
Cash From Operating Activities $257.0M $249.0M
Capital Expenditures -$43.00M -$25.00M
Free Cash Flow $300.0M $274.0M
YoY Change 9.49% 34.98%

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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
52000000 USD
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63000000 USD
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
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0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
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0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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us-gaap Impairment Of Investments
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CY2017Q2 us-gaap Impairment Of Investments
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us-gaap Impairment Of Investments
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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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0 USD
CY2017Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2017Q2 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 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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CY2017Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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400000000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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241000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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464000000 USD
us-gaap Increase Decrease In Restricted Cash
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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
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Increase Decrease In Employee Related Liabilities
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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
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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191000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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384000000 USD
us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Restricted Cash
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CY2016Q2 us-gaap Income Tax Expense Benefit
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26000000 USD
us-gaap Income Tax Expense Benefit
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47000000 USD
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27000000 USD
us-gaap Income Tax Expense Benefit
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52000000 USD
us-gaap Income Taxes Paid Net
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21000000 USD
us-gaap Income Taxes Paid Net
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41000000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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6000000 USD
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19000000 USD
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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36000000 USD
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40000000 USD
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342000000 USD
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548000000 USD
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194000000 USD
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206000000 USD
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12000000 USD
us-gaap Inventory Write Down
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15000000 USD
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5000000 USD
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2019-09-15
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2014-09-15
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365000000 USD
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373000000 USD
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us-gaap Net Income Loss
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131000000 USD
us-gaap Operating Income Loss
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460000000 USD
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us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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26000000 USD
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3000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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70000000 USD
us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Property Plant And Equipment
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63000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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75000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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360000000 USD
CY2017Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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317000000 USD
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CY2017Q2 us-gaap Preferred Stock Shares Authorized
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CY2017Q2 us-gaap Preferred Stock Shares Outstanding
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CY2017Q2 us-gaap Preferred Stock Value
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us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Lines Of Credit
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228000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
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us-gaap Standard Product Warranty Accrual Warranties Issued
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33000000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
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24000000 USD
CY2016Q4 us-gaap Stockholders Equity
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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 Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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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
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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7000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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4000000 USD
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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
CY2017Q2 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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3000000 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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5000000 USD
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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CY2017Q2 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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CY2017Q2 us-gaap Other Comprehensive Income Loss Before Tax
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8000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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4000000 USD
CY2017Q2 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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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
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
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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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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3000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Share Based Compensation
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36000000 USD
us-gaap Share Based Compensation
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CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
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CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
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CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2014Q3 us-gaap Short Term Debt Terms
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CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37000000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35000000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34000000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual Current
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CY2017Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
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CY2016Q2 us-gaap Standard Product Warranty Accrual Noncurrent
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1000000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
1000000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
27000000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
25000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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8000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
27000000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
87000000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
81000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
159000000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
84000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
163000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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-7000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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-21000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
2000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-5000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-9000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-29000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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9000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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22000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
12000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
34000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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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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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
2000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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8000000 USD
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OtherComprehensiveIncomeLossTax
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-4000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-3000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1000000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2017Q2 us-gaap Other Liabilities Current
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CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
339000000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
335000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
294000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
194000000 USD
CY2016Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
75000000 USD
CY2017Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
43000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
85000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
75000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
85000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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13000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1582000000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
842000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1660000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1019000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2047000000 USD
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SalesRevenueNet
1102000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2169000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
318000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
622000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
307000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
596000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
4372000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4246000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4375000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
290000000 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
10508000000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2017Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
80000000 USD
CY2017Q2 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
80000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
330000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
325000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
325000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
327000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
321000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
322000000 shares
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, inventory valuation, share-based compensation, retirement and post-retirement benefit plan assumptions, goodwill and purchased intangible assets and accounting for income taxes.</font></div></div>

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