2015 Q4 Form 10-K Financial Statement

#000071203417000012 Filed on February 27, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $412.1M $413.6M $394.7M
YoY Change -10.39% -12.41% -7.72%
Cost Of Revenue $274.3M $279.9M $268.0M
YoY Change -8.81% -12.23% -9.61%
Gross Profit $137.8M $133.7M $126.7M
YoY Change -12.17% -12.79% -3.43%
Gross Profit Margin 33.44% 32.33% 32.1%
Selling, General & Admin $76.30M $74.10M $72.40M
YoY Change -6.27% -13.43% -11.38%
% of Gross Profit 55.37% 55.42% 57.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.40M $12.70M $13.20M
YoY Change -10.14% -8.63% -10.81%
% of Gross Profit 9.0% 9.5% 10.42%
Operating Expenses $81.00M $78.90M $77.50M
YoY Change -6.57% -13.77% -11.23%
Operating Profit $56.90M $54.80M $49.20M
YoY Change -16.93% -11.33% 12.07%
Interest Expense -$5.500M $11.00M $11.30M
YoY Change -52.17% -12.0% -6.61%
% of Operating Profit -9.67% 20.07% 22.97%
Other Income/Expense, Net -$1.300M -$300.0K -$2.300M
YoY Change -159.09% 50.0% 2200.0%
Pretax Income $50.10M $47.90M $39.10M
YoY Change -15.37% -10.63% 12.03%
Income Tax $18.70M $15.30M $11.40M
% Of Pretax Income 37.33% 31.94% 29.16%
Net Earnings $31.40M $32.60M $27.70M
YoY Change -28.47% -4.68% 30.05%
Net Earnings / Revenue 7.62% 7.88% 7.02%
Basic Earnings Per Share $0.30 $0.30 $0.25
Diluted Earnings Per Share $0.29 $0.30 $0.25
COMMON SHARES
Basic Shares Outstanding 106.4M shares 108.0M shares 109.1M shares
Diluted Shares Outstanding 109.5M shares 110.6M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.40M $70.90M $86.90M
YoY Change 4.14% -2.21% -5.85%
Cash & Equivalents $55.40M $70.90M $86.90M
Short-Term Investments
Other Short-Term Assets $25.30M $30.50M $40.10M
YoY Change -29.33% -26.68% -18.16%
Inventory $203.6M $251.6M $314.1M
Prepaid Expenses
Receivables $369.3M $323.8M $335.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $653.6M $710.1M $810.4M
YoY Change -16.08% -13.86% -7.55%
LONG-TERM ASSETS
Property, Plant & Equipment $209.1M $210.6M $225.3M
YoY Change -11.21% -13.23% -11.26%
Goodwill $496.9M $498.1M $523.5M
YoY Change -8.81% -10.77% -9.21%
Intangibles $520.9M $525.5M $547.5M
YoY Change -8.84% -10.12% -9.07%
Long-Term Investments
YoY Change
Other Assets $47.80M $53.20M $56.80M
YoY Change -9.47% -22.45% -18.86%
Total Long-Term Assets $1.300B $1.317B $1.384B
YoY Change -9.5% -11.35% -10.04%
TOTAL ASSETS
Total Short-Term Assets $653.6M $710.1M $810.4M
Total Long-Term Assets $1.300B $1.317B $1.384B
Total Assets $1.953B $2.027B $2.194B
YoY Change -11.81% -12.25% -9.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.6M $132.0M $191.5M
YoY Change -7.23% -12.52% -0.78%
Accrued Expenses $149.0M $135.0M $121.0M
YoY Change -3.81% -7.72% -3.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $47.00M $95.30M
YoY Change -100.0% 5775.0% 120.09%
Long-Term Debt Due $0.00 $47.00M $105.3M
YoY Change -100.0% 4600.0% 77.27%
Total Short-Term Liabilities $355.3M $368.8M $471.4M
YoY Change -10.14% -1.15% 5.53%
LONG-TERM LIABILITIES
Long-Term Debt $720.5M $779.0M $785.0M
YoY Change -8.53% -13.02% -13.24%
Other Long-Term Liabilities $65.00M $64.40M $74.30M
YoY Change -16.99% -22.13% -14.5%
Total Long-Term Liabilities $785.5M $843.4M $859.3M
YoY Change -9.3% -13.79% -13.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $355.3M $368.8M $471.4M
Total Long-Term Liabilities $785.5M $843.4M $859.3M
Total Liabilities $1.372B $1.466B $1.591B
YoY Change -10.55% -7.32% -4.5%
SHAREHOLDERS EQUITY
Retained Earnings -$967.2M -$998.6M -$1.031B
YoY Change -8.16% -8.97% -8.84%
Common Stock $1.100M $1.100M $1.100M
YoY Change 0.0% 0.0% -8.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.80M $11.80M $11.60M
YoY Change 100.0% 118.52% 123.08%
Treasury Stock Shares 1.489M shares
Shareholders Equity $581.2M $561.0M $603.6M
YoY Change
Total Liabilities & Shareholders Equity $1.953B $2.027B $2.194B
YoY Change -11.81% -12.25% -9.14%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $31.40M $32.60M $27.70M
YoY Change -28.47% -4.68% 30.05%
Depreciation, Depletion And Amortization $12.40M $12.70M $13.20M
YoY Change -10.14% -8.63% -10.81%
Cash From Operating Activities $101.5M $60.80M -$41.00M
YoY Change -2.59% -1.78% -3.3%
INVESTING ACTIVITIES
Capital Expenditures -$6.200M -$5.800M -$6.900M
YoY Change -27.06% -27.5% 9.52%
Acquisitions
YoY Change
Other Investing Activities $300.0K $2.600M $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.900M -$3.200M -$6.900M
YoY Change -30.59% -60.0% 109.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.8M -70.30M 42.90M
YoY Change -1.6% -0.42% 2.14%
NET CHANGE
Cash From Operating Activities 101.5M 60.80M -41.00M
Cash From Investing Activities -5.900M -3.200M -6.900M
Cash From Financing Activities -110.8M -70.30M 42.90M
Net Change In Cash -15.20M -12.70M -5.000M
YoY Change -10.06% -23.95% 35.14%
FREE CASH FLOW
Cash From Operating Activities $101.5M $60.80M -$41.00M
Capital Expenditures -$6.200M -$5.800M -$6.900M
Free Cash Flow $107.7M $66.60M -$34.10M
YoY Change -4.44% -4.72% -5.54%

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17300000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
20700000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
27900000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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28600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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7700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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7000000 USD
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17100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
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19100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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3000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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0 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11700000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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117200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
119400000 USD
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240700000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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240400000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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142300000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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146700000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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16000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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12600000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
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6200000 USD
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10700000 USD
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8600000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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9800000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
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11300000 USD
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35300000 USD
CY2015 us-gaap Depreciation
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32400000 USD
CY2016 us-gaap Depreciation
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30400000 USD
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2600000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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4400000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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400000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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300000 USD
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0.81
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0.25
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0.30
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0.30
CY2015 us-gaap Earnings Per Share Basic
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0.79
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0.05
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0.58
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0.21
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0.06
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0.89
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0.79
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-0.05
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0.25
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0.30
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0.29
CY2015 us-gaap Earnings Per Share Diluted
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0.78
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0.04
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0.57
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0.21
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0.06
CY2016 us-gaap Earnings Per Share Diluted
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0.87
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-4200000 USD
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-6600000 USD
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3200000 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.331
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.346
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0.237
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015Q4 us-gaap Employee Related Liabilities Current
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34000000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
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42800000 USD
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0 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5700000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5700000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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7000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1200000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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124800000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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122600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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20100000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9900000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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12400000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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15000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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17500000 USD
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218400000 USD
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249500000 USD
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93600000 USD
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126900000 USD
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-800000 USD
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-100000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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300000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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544900000 USD
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CY2016Q4 us-gaap Goodwill
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9700000 USD
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215100000 USD
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80500000 USD
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CY2015 us-gaap Gross Profit
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153700000 USD
CY2016 us-gaap Gross Profit
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515100000 USD
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0 USD
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43500000 USD
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60900000 USD
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33900000 USD
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137000000 USD
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131400000 USD
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125100000 USD
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93500000 USD
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70500000 USD
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91200000 USD
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8100000 USD
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7900000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2100000 USD
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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2400000 USD
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3800000 USD
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1600000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45400000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45500000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29600000 USD
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-11500000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-1300000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-9900000 USD
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-8600000 USD
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-5600000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-4600000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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47900000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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46000000 USD
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-28900000 USD
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-19200000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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2100000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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2100000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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2400000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
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0 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
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0 USD
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12000000 USD
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28900000 USD
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16900000 USD
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43800000 USD
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-3800000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
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-2600000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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500000 USD
CY2014 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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7400000 USD
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3900000 USD
CY2016 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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4600000 USD
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16900000 USD
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3900000 USD
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2900000 USD
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4500000 USD
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6100000 USD
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690200000 USD
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732800000 USD
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520900000 USD
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565700000 USD
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900000 USD
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1300000 USD
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100000 USD
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49500000 USD
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44500000 USD
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49300000 USD
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45100000 USD
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41000000 USD
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50100000 USD
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6300000 USD
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1300000 USD
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167700000 USD
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176700000 USD
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203600000 USD
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210000000 USD
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33300000 USD
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30300000 USD
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2600000 USD
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3000000 USD
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5600000 USD
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6600000 USD
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6400000 USD
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1372200000 USD
CY2016Q4 us-gaap Liabilities
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1953400000 USD
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2064500000 USD
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355300000 USD
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406400000 USD
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0 USD
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4800000 USD
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720500000 USD
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627700000 USD
CY2016 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
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P12M
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171700000 USD
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171200000 USD
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165900000 USD
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91600000 USD
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27700000 USD
CY2015Q3 us-gaap Net Income Loss
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32600000 USD
CY2015Q4 us-gaap Net Income Loss
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31400000 USD
CY2015 us-gaap Net Income Loss
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85900000 USD
CY2016Q1 us-gaap Net Income Loss
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4800000 USD
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61900000 USD
CY2016Q3 us-gaap Net Income Loss
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22700000 USD
CY2016Q4 us-gaap Net Income Loss
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6100000 USD
CY2016 us-gaap Net Income Loss
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95500000 USD
CY2015Q4 us-gaap Notes Payable To Bank Current
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0 USD
CY2016Q4 us-gaap Notes Payable To Bank Current
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63700000 USD
CY2016 us-gaap Number Of Operating Segments
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3
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-131400000 USD
CY2016 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
5300000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
356300000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
314900000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
347800000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
173600000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2600000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
49200000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
54800000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
56900000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
163500000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6500000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
45400000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
55700000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
59700000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
167300000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
100400000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22200000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
2800000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
12200000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
15100000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
16600000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
18500000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
15800000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
23100000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
21200000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
24200000 USD
CY2016Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
135000000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
25300000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
26800000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
47800000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15300000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2100000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1400000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19400000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-800000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-136700000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
16800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-107000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-136600000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
9800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2400000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1900000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-76400000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-136700000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
16800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
33000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
8700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
15900000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
600000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
58700000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
64700000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
65000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
77000000 USD
CY2014 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-700000 USD
CY2015 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-100000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-800000 USD
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
16900000 USD
CY2015 us-gaap Payments For Restructuring
PaymentsForRestructuring
6700000 USD
CY2016 us-gaap Payments For Restructuring
PaymentsForRestructuring
4900000 USD
CY2014 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2015 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2016 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
25000000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
300000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1700000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6900000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2500000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5900000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5100000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
88800000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29600000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27600000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18500000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
89100000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
98000000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
587400000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1000000 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-800000 USD
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
51500000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3800000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2800000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
700000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
300000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
700000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6800000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
526100000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
528000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
209100000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
198400000 USD
CY2016Q4 us-gaap Purchase Obligation
PurchaseObligation
85500000 USD
CY2016Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
0 USD
CY2016Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
0 USD
CY2016Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 USD
CY2016Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
84800000 USD
CY2016Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
700000 USD
CY2016Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 USD
CY2015 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
5200000 USD
CY2016 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-4500000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
121100000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
581200000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
370100000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
685100000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20200000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20000000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21000000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
5500000 USD
CY2015 us-gaap Restructuring Charges
RestructuringCharges
-400000 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
5400000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
20500000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
8400000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
1000000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
1500000 USD
CY2014 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
700000 USD
CY2015 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
300000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-967200000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-871700000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
1689200000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
290000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
394700000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
413600000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
412100000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
1510400000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
278100000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
410100000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
431300000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
437600000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
1557100000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
328600000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
295700000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
320800000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
15700000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
16000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
19400000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
13118430 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3200000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3800000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4100000 USD
CY2013Q4 us-gaap Shares Outstanding
SharesOutstanding
113663856 shares
CY2014Q4 us-gaap Shares Outstanding
SharesOutstanding
111911290 shares
CY2015Q4 us-gaap Shares Outstanding
SharesOutstanding
105640003 shares
CY2016Q4 us-gaap Shares Outstanding
SharesOutstanding
107906644 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2755642 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
7690628 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
7700000 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
19400000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
60000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
702300000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
681000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
708700000 USD
CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-100000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1489048 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2179639 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
700000 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
700000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11800000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
17000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
540000000 USD
CY2016Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
555000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
52100000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45900000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
34800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
43700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
5500000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
14100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4200000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
12500000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
6400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3500000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
42000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116300000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110600000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109200000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113700000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108800000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107000000 shares
CY2016 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advertising Costs</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 style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising costs amounted to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$110.1 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$120.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$130.8 million</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively. These costs primarily include, but are not limited to, cooperative advertising and promotional allowances as described in "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer Program Costs</font><font style="font-family:inherit;font-size:10pt;">" above, and are principally expensed as incurred.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2016 us-gaap Revenue Recognition Revenue Reductions
RevenueRecognitionRevenueReductions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer Program Costs</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 style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Customer program costs include, but are not limited to, sales rebates, which are generally tied to achievement of certain sales volume levels, in-store promotional allowances, shared media and customer catalog allowances and other cooperative advertising arrangements, and freight allowance programs. We generally recognize customer program costs as a deduction to gross sales at the time that the associated revenue is recognized. Certain customer incentives that do not directly relate to future revenues are expensed when initiated.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, accrued customer program liabilities principally include, but are not limited to, sales volume rebates, promotional allowances, shared media and customer catalog allowances and other cooperative advertising arrangements and freight allowances as discussed above.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2016 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize revenue from product sales when earned, net of applicable provisions for discounts, returns and allowances. We consider revenue to be realized or realizable and earned when all of the following criteria are met: title and risk of loss have passed to the customer, persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable and collectability is reasonably assured. We also provide for our estimate of potential bad debt at the time of revenue recognition.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2016 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:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</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 style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</font></div></div>

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