2015 Q4 Form 8-K Financial Statement

#000031815416000055 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014 Q3
Revenue $5.329B $5.174B $5.031B
YoY Change 3.0% 7.81% 5.96%
Cost Of Revenue $1.071B $1.183B $1.068B
YoY Change -9.47% 14.97% 35.53%
Gross Profit $4.258B $3.991B $3.780B
YoY Change 6.69% 5.86% -2.05%
Gross Profit Margin 79.9% 77.14% 75.13%
Selling, General & Admin $1.416B $1.327B $1.213B
YoY Change 6.71% 1.61% -2.88%
% of Gross Profit 33.26% 33.25% 32.09%
Research & Development $1.093B $1.234B $1.018B
YoY Change -11.43% -1.2% 2.93%
% of Gross Profit 25.67% 30.92% 26.93%
Depreciation & Amortization $542.0M $525.0M $543.0M
YoY Change 3.24% 18.24% 88.54%
% of Gross Profit 12.73% 13.15% 14.37%
Operating Expenses $2.516B $2.680B $2.231B
YoY Change -6.12% 3.88% -0.31%
Operating Profit $1.742B $1.311B $1.466B
YoY Change 32.88% 10.17% -13.15%
Interest Expense -$120.0M -$173.0M -$129.0M
YoY Change -30.64% 0.0% -30.27%
% of Operating Profit -6.89% -13.2% -8.8%
Other Income/Expense, Net $140.0M
YoY Change 94.44%
Pretax Income $1.913B $1.286B $1.337B
YoY Change 48.76% 26.82% -11.04%
Income Tax $113.0M -$8.000M $93.00M
% Of Pretax Income 5.91% -0.62% 6.96%
Net Earnings $1.800B $1.294B $1.244B
YoY Change 39.1% 26.74% -9.06%
Net Earnings / Revenue 33.78% 25.01% 24.73%
Basic Earnings Per Share $2.39 $1.70 $1.63
Diluted Earnings Per Share $2.37 $1.68 $1.61
COMMON SHARES
Basic Shares Outstanding 754.3M shares 760.7M shares 761.0M shares
Diluted Shares Outstanding 771.0M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.38B $27.03B $28.08B
YoY Change 16.12% 39.3% 24.46%
Cash & Equivalents $4.144B $3.731B $3.677B
Short-Term Investments $27.24B $23.30B $24.40B
Other Short-Term Assets $1.703B $2.492B $2.733B
YoY Change -31.66% 10.76% 33.38%
Inventory $2.435B $2.647B $2.885B
Prepaid Expenses
Receivables $2.995B $2.546B $2.355B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $38.52B $34.71B $36.05B
YoY Change 10.96% 26.84% 17.52%
LONG-TERM ASSETS
Property, Plant & Equipment $4.907B $5.223B $5.267B
YoY Change -6.05% -2.36% -0.3%
Goodwill $14.75B $14.79B $14.82B
YoY Change -0.25% -1.2% 17.84%
Intangibles $11.64B $12.69B $13.10B
YoY Change -8.29% -4.29% 255.78%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $1.599B $1.467B $1.545B
YoY Change 9.0% -16.98% 6.55%
Total Long-Term Assets $32.93B $34.17B $34.73B
YoY Change -3.62% -11.83% 31.55%
TOTAL ASSETS
Total Short-Term Assets $38.52B $34.71B $36.05B
Total Long-Term Assets $32.93B $34.17B $34.73B
Total Assets $71.45B $68.88B $70.78B
YoY Change 3.73% 4.17% 24.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $965.0M $995.0M $955.0M
YoY Change -3.02% 26.43% 6.7%
Accrued Expenses $5.452B $5.513B $5.096B
YoY Change -1.11% 18.43% 29.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.247B $498.0M $2.500B
YoY Change 351.2% -80.12% 22627.27%
Total Short-Term Liabilities $8.664B $7.006B $8.551B
YoY Change 23.67% -11.84% 76.56%
LONG-TERM LIABILITIES
Long-Term Debt $29.18B $30.09B $30.48B
YoY Change -3.02% 1.58% 12.15%
Other Long-Term Liabilities $1.308B $2.547B $6.419B
YoY Change -48.65% -13.98% 93.11%
Total Long-Term Liabilities $30.49B $32.64B $36.90B
YoY Change -6.58% 0.16% 1010.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.664B $7.006B $8.551B
Total Long-Term Liabilities $30.49B $32.64B $36.90B
Total Liabilities $39.15B $39.64B $45.45B
YoY Change -1.23% -2.19% 456.51%
SHAREHOLDERS EQUITY
Retained Earnings -$2.086B -$4.624B -$4.698B
YoY Change -54.89% -39.43% -40.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.08B $25.78B $25.33B
YoY Change
Total Liabilities & Shareholders Equity $71.45B $68.88B $70.78B
YoY Change 3.73% 4.17% 24.01%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $1.800B $1.294B $1.244B
YoY Change 39.1% 26.74% -9.06%
Depreciation, Depletion And Amortization $542.0M $525.0M $543.0M
YoY Change 3.24% 18.24% 88.54%
Cash From Operating Activities $2.073B $2.445B $2.741B
YoY Change -15.21% 33.24% 51.69%
INVESTING ACTIVITIES
Capital Expenditures -$205.0M -$338.0M -$320.0M
YoY Change -39.35% 68.16% 82.86%
Acquisitions
YoY Change
Other Investing Activities -$28.00M $712.0M -$2.583B
YoY Change -103.93% -107.18% 32.87%
Cash From Investing Activities -$233.0M $374.0M -$2.903B
YoY Change -162.3% -103.7% 37.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -922.0M -2.765B -513.0M
YoY Change -66.65% -172.63% -118.41%
NET CHANGE
Cash From Operating Activities 2.073B 2.445B 2.741B
Cash From Investing Activities -233.0M 374.0M -2.903B
Cash From Financing Activities -922.0M -2.765B -513.0M
Net Change In Cash 918.0M 54.00M -675.0M
YoY Change 1600.0% -101.21% -127.27%
FREE CASH FLOW
Cash From Operating Activities $2.073B $2.445B $2.741B
Capital Expenditures -$205.0M -$338.0M -$320.0M
Free Cash Flow $2.278B $2.783B $3.061B
YoY Change -18.15% 36.69% 54.44%

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CY2015 us-gaap Cost Of Goods Sold
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CY2014 us-gaap Costs And Expenses
CostsAndExpenses
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CY2015 us-gaap Costs And Expenses
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CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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26000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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58000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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40000000 USD
CY2013Q4 us-gaap Debt Instrument Face Amount
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8100000000 USD
CY2014Q4 us-gaap Debt Instrument Face Amount
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4500000000.0 USD
CY2015Q2 us-gaap Debt Instrument Face Amount
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3500000000.0 USD
CY2013 us-gaap Debt Issuance Costs
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46000000 USD
CY2014 us-gaap Debt Issuance Costs
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18000000 USD
CY2015 us-gaap Debt Issuance Costs
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21000000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
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CY2014Q4 us-gaap Deferred Income Tax Liabilities
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CY2015Q4 us-gaap Deferred Income Tax Liabilities
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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19000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015Q4 us-gaap Deferred Tax Assets Gross
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CY2014Q4 us-gaap Deferred Tax Assets Net
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CY2015Q4 us-gaap Deferred Tax Assets Net
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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179000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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730000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Liabilities
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CY2015Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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4089000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q4 us-gaap Deferred Tax Liabilities Other
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CY2015Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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11400000000 USD
CY2013 us-gaap Depreciation
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CY2014 us-gaap Depreciation
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CY2015 us-gaap Depreciation
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CY2014 us-gaap Depreciation Depletion And Amortization
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CY2015 us-gaap Depreciation Depletion And Amortization
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2013 us-gaap Dividends Common Stock Cash
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CY2014 us-gaap Dividends Common Stock Cash
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CY2015 us-gaap Dividends Common Stock Cash
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CY2014Q4 us-gaap Dividends Payable Current
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CY2015Q4 us-gaap Dividends Payable Current
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CY2014Q1 us-gaap Earnings Per Share Basic
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CY2014Q2 us-gaap Earnings Per Share Basic
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2.04
CY2014Q3 us-gaap Earnings Per Share Basic
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1.63
CY2014Q4 us-gaap Earnings Per Share Basic
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1.70
CY2014 us-gaap Earnings Per Share Basic
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6.80
CY2015Q1 us-gaap Earnings Per Share Basic
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2.13
CY2015Q2 us-gaap Earnings Per Share Basic
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2.18
CY2015Q3 us-gaap Earnings Per Share Basic
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2.46
CY2015Q4 us-gaap Earnings Per Share Basic
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2.39
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.15
CY2013 us-gaap Earnings Per Share Diluted
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6.64
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.01
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.68
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.70
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.15
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.44
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.06
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.035
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.076
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.130
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.213
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.224
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.181
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.008
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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-0.047
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.044
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.025
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.030
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.014
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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CY2014Q4 us-gaap Employee Related Liabilities Current
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920000000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
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CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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149000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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152000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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120000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1400000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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1000000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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1100000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1100000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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16470000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2014Q1 us-gaap Gross Profit
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CY2014Q3 us-gaap Gross Profit
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CY2014Q4 us-gaap Gross Profit
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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4100000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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4400000000 USD
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5265000000 USD
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5585000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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7978000000 USD
CY2013 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Tax Expense Benefit
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CY2015 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Taxes Paid
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321000000 USD
CY2014 us-gaap Income Taxes Paid
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CY2015 us-gaap Income Taxes Paid
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CY2013 us-gaap Increase Decrease In Accounts Payable
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CY2014 us-gaap Increase Decrease In Accounts Payable
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CY2015 us-gaap Increase Decrease In Accounts Payable
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CY2013 us-gaap Increase Decrease In Accounts Receivable
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38000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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CY2015 us-gaap Increase Decrease In Accounts Receivable
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420000000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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189000000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
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108000000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
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CY2013 us-gaap Increase Decrease In Inventories
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CY2014 us-gaap Increase Decrease In Inventories
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CY2015 us-gaap Increase Decrease In Inventories
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59000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
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CY2013 us-gaap Increase Decrease In Other Operating Liabilities
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116000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
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759000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
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402000000 USD
CY2013 us-gaap Increase Decrease Of Restricted Investments
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520000000 USD
CY2014 us-gaap Increase Decrease Of Restricted Investments
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CY2015 us-gaap Increase Decrease Of Restricted Investments
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0 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2013 us-gaap Interest Expense Debt
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CY2014 us-gaap Interest Expense Debt
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CY2015 us-gaap Interest Expense Debt
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CY2013 us-gaap Interest Paid
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1100000000 USD
CY2014 us-gaap Interest Paid
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1100000000 USD
CY2015 us-gaap Interest Paid
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CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2014Q4 us-gaap Inventory Net
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201000000 USD
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2014Q4 us-gaap Land
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CY2015Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q4 us-gaap Long Term Debt
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2250000000 USD
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1950000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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2075000000 USD
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4300000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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CY2015Q4 us-gaap Long Term Debt Noncurrent
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CY2014Q4 us-gaap Machinery And Equipment Gross
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CY2015Q4 us-gaap Machinery And Equipment Gross
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2051000000 USD
CY2015 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
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P3Y
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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5158000000 USD
CY2015Q1 us-gaap Net Income Loss
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CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
59000000 USD
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
50000000 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
55000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
37000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
9000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
12000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
18000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
12000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
13000000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11000000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
765000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
770000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
766000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
753000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
759000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
758000000 shares
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain of our short-term obligations were reclassified from Accounts payable to Accrued liabilities on our Consolidated Balance Sheet at December 31, 2014, and related amounts within Net cash provided by operating activities in our Consolidated Statements of Cash Flows for the years ended December 31, 2014 and 2013, to conform to the current year presentation.</font></div></div>
CY2015 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Multiple-deliverable revenue arrangements</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, we enter into arrangements for the R&amp;D, manufacture and/or commercialization of products and product candidates. These arrangements may require us to deliver various rights, services and/or goods across the entire life cycle of a product or product candidate, including (i)&#160;intellectual property rights/licenses, (ii)&#160;R&amp;D services, (iii)&#160;manufacturing services and/or (iv)&#160;commercialization services. The underlying terms of these arrangements generally provide for consideration to Amgen in the form of non-refundable upfront license payments, R&amp;D and commercial performance milestone payments, cost sharing and/or royalty payments.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In arrangements involving the delivery of more than one element, each required deliverable is evaluated to determine whether it qualifies as a separate unit of accounting. For Amgen, this determination is generally based on whether the deliverable has &#8220;stand-alone value&#8221; to the customer. The arrangement&#8217;s consideration that is fixed and determinable is then allocated to each separate unit of accounting based on the relative selling price of each deliverable. The estimated selling price of each deliverable is determined using the following hierarchy of values: (i)&#160;vendor-specific objective evidence of fair value, (ii)&#160;third-party evidence of selling price and (iii)&#160;best estimate of selling price (BESP). The BESP reflects our best estimate of what the selling price would be if the deliverable was regularly sold by us on a stand-alone basis. In general, the consideration allocated to each unit of accounting is recognized as the related goods or services are delivered, limited to the consideration that is not contingent upon future deliverables. Consideration associated with at-risk substantive performance milestones is recognized as revenue upon the achievement of the related milestone, as defined in the respective contracts.</font></div></div>
CY2015 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Product sales</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sales of our products are recognized when shipped and title and risk of loss have passed. Product sales are recorded net of accruals for estimated rebates, wholesaler chargebacks, discounts and other deductions (collectively &#8220;sales deductions&#8221;) and returns. Taxes collected from customers and remitted to government authorities related to the sales of the Company&#8217;s products, primarily in Europe, are excluded from revenues.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognized revenue from the sale of product to the U.S. federal government for stockpile in accordance with U.S. Securities and Exchange Commission (SEC) Interpretation,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Commission Guidance Regarding Accounting for Sales of Vaccines and Bioterror Countermeasures to the Federal Government for Placement into the Pediatric Vaccine Stockpile or the Strategic National Stockpile</font><font style="font-family:inherit;font-size:10pt;"> (SNS). We recognized </font><font style="font-family:inherit;font-size:10pt;">$155 million</font><font style="font-family:inherit;font-size:10pt;"> of revenue for NEUPOGEN</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> during the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, for purchases by the federal government for the SNS. There were no purchases by the federal government for the SNS during the years ended December&#160;31, 2015 and 2014. We are contracted to manage this inventory of product until the federal government requests shipment.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</font></div></div>

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