2019 Q4 Form 10-Q Financial Statement

#000031815419000046 Filed on October 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $6.197B $5.737B $5.904B
YoY Change -0.53% -2.83% 2.27%
Cost Of Revenue $1.253B $1.036B $1.037B
YoY Change 14.32% -0.1% 4.75%
Gross Profit $4.628B $4.427B $4.473B
YoY Change -5.65% -1.03% 0.22%
Gross Profit Margin 74.68% 77.17% 75.76%
Selling, General & Admin $1.513B $1.223B $1.293B
YoY Change -2.95% -5.41% 10.51%
% of Gross Profit 32.69% 27.63% 28.91%
Research & Development $1.312B $1.001B $926.0M
YoY Change 11.0% 8.1% 5.59%
% of Gross Profit 28.35% 22.61% 20.7%
Depreciation & Amortization $702.0M $508.0M $501.0M
YoY Change 43.27% 1.4% 7.97%
% of Gross Profit 15.17% 11.48% 11.2%
Operating Expenses $2.896B $2.224B $2.219B
YoY Change 5.23% 0.23% 8.4%
Operating Profit $1.732B $2.476B $2.323B
YoY Change -19.55% 6.59% -4.76%
Interest Expense -$65.00M -$199.0M -$229.0M
YoY Change -67.01% -13.1% 294.83%
% of Operating Profit -3.75% -8.04% -9.86%
Other Income/Expense, Net $114.0M $126.0M
YoY Change -9.52% -52.81%
Pretax Income $1.983B $2.277B $2.094B
YoY Change -9.24% 8.74% -12.05%
Income Tax $280.0M $309.0M $235.0M
% Of Pretax Income 14.12% 13.57% 11.22%
Net Earnings $1.703B $1.968B $1.859B
YoY Change -11.67% 5.86% -8.02%
Net Earnings / Revenue 27.48% 34.3% 31.49%
Basic Earnings Per Share $2.87 $3.29 $2.88
Diluted Earnings Per Share $2.85 $3.27 $2.86
COMMON SHARES
Basic Shares Outstanding 594.2M shares 599.0M shares 645.0M shares
Diluted Shares Outstanding 602.0M shares 649.0M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.911B $20.85B $29.92B
YoY Change -69.59% -30.31% -27.64%
Cash & Equivalents $6.037B $11.42B $11.96B
Short-Term Investments $2.874B $9.438B $17.97B
Other Short-Term Assets $1.888B $3.349B $1.941B
YoY Change 5.24% 72.54% -6.23%
Inventory $3.584B $3.243B $3.017B
Prepaid Expenses
Receivables $4.057B $3.606B $3.441B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.44B $31.05B $38.32B
YoY Change -50.98% -18.97% -22.98%
LONG-TERM ASSETS
Property, Plant & Equipment $4.928B $4.901B $4.899B
YoY Change -0.61% 0.04% -0.31%
Goodwill $14.70B $14.71B $14.68B
YoY Change 0.03% 0.14% -0.62%
Intangibles $19.41B $6.702B $7.782B
YoY Change 160.82% -13.88% -12.3%
Long-Term Investments
YoY Change
Other Assets $2.223B $2.176B $1.648B
YoY Change 30.92% 32.04% -18.25%
Total Long-Term Assets $41.27B $28.48B $29.01B
YoY Change 43.3% -1.82% -5.12%
TOTAL ASSETS
Total Short-Term Assets $18.44B $31.05B $38.32B
Total Long-Term Assets $41.27B $28.48B $29.01B
Total Assets $59.71B $59.54B $67.33B
YoY Change -10.1% -11.58% -16.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.371B $1.005B $1.042B
YoY Change 13.59% -3.55% 18.54%
Accrued Expenses $8.511B $7.683B $6.313B
YoY Change 8.25% 21.7% 18.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.953B $2.049B $5.077B
YoY Change -33.17% -59.64% 153.98%
Total Short-Term Liabilities $12.84B $10.74B $12.43B
YoY Change -4.84% -13.63% 51.74%
LONG-TERM LIABILITIES
Long-Term Debt $26.95B $27.74B $29.35B
YoY Change -8.68% -5.48% -13.11%
Other Long-Term Liabilities $2.212B $1.543B $1.392B
YoY Change 72.27% 10.85% 9.78%
Total Long-Term Liabilities $29.16B $29.29B $30.74B
YoY Change -5.3% -4.74% -12.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.84B $10.74B $12.43B
Total Long-Term Liabilities $29.16B $29.29B $30.74B
Total Liabilities $42.00B $40.02B $43.17B
YoY Change -5.16% -7.3% -0.15%
SHAREHOLDERS EQUITY
Retained Earnings -$21.33B -$20.14B -$15.99B
YoY Change 18.65% 25.95% -1001.18%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.673B $10.93B $14.35B
YoY Change
Total Liabilities & Shareholders Equity $59.71B $59.54B $67.33B
YoY Change -10.1% -11.58% -16.18%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $1.703B $1.968B $1.859B
YoY Change -11.67% 5.86% -8.02%
Depreciation, Depletion And Amortization $702.0M $508.0M $501.0M
YoY Change 43.27% 1.4% 7.97%
Cash From Operating Activities $2.514B $3.377B $3.273B
YoY Change -21.29% 3.18% -5.24%
INVESTING ACTIVITIES
Capital Expenditures -$188.0M -$170.0M -$171.0M
YoY Change -16.44% -0.58% 8.23%
Acquisitions
YoY Change
Other Investing Activities -$5.775B $5.542B $1.303B
YoY Change 30.89% 325.33% -171.67%
Cash From Investing Activities -$5.963B $5.372B $1.132B
YoY Change 28.6% 374.56% -157.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.929B -2.859B -2.580B
YoY Change -45.94% 10.81% 133.06%
NET CHANGE
Cash From Operating Activities 2.514B 3.377B 3.273B
Cash From Investing Activities -5.963B 5.372B 1.132B
Cash From Financing Activities -1.929B -2.859B -2.580B
Net Change In Cash -5.378B 5.890B 1.825B
YoY Change 7.32% 222.74% 391.91%
FREE CASH FLOW
Cash From Operating Activities $2.514B $3.377B $3.273B
Capital Expenditures -$188.0M -$170.0M -$171.0M
Free Cash Flow $2.702B $3.547B $3.444B
YoY Change -20.97% 2.99% -4.65%

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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Stockholders Equity
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12500000000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
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59535000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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66416000000 USD
CY2018Q4 us-gaap Stockholders Equity
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12500000000 USD
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1992000000 USD
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253000000 USD
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879000000 USD
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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64000000 USD
CY2019Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-73000000 USD
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
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3031000000 USD
CY2019Q1 us-gaap Stockholders Equity
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10832000000 USD
CY2019Q2 us-gaap Net Income Loss
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2179000000 USD
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51000000 USD
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23000000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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97000000 USD
CY2019Q2 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-50000000 USD
CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
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2349000000 USD
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11000000 USD
CY2019Q2 us-gaap Stockholders Equity
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10794000000 USD
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77000000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
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880000000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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37000000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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108000000 USD
CY2019Q3 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-7000000 USD
CY2019Q3 us-gaap Stock Repurchased And Retired During Period Value
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1170000000 USD
CY2019Q3 us-gaap Stockholders Equity
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10927000000 USD
CY2017Q4 us-gaap Stockholders Equity
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25241000000 USD
CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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29000000 USD
CY2018Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Dividends Common Stock Cash
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877000000 USD
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5000000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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61000000 USD
CY2018Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-57000000 USD
CY2018Q1 us-gaap Stock Repurchased And Retired During Period Value
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10787000000 USD
CY2018Q1 us-gaap Stockholders Equity
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15620000000 USD
CY2018Q2 us-gaap Net Income Loss
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2296000000 USD
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121000000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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19000000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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93000000 USD
CY2018Q2 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-65000000 USD
CY2018Q2 us-gaap Stock Repurchased And Retired During Period Value
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3190000000 USD
CY2018Q2 us-gaap Stockholders Equity Other
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15000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
14909000000 USD
CY2018Q3 us-gaap Net Income Loss
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1859000000 USD
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64000000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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13000000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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94000000 USD
CY2018Q3 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-10000000 USD
CY2018Q3 us-gaap Stock Repurchased And Retired During Period Value
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1713000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
14349000000 USD
us-gaap Net Income Loss
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6139000000 USD
us-gaap Net Income Loss
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6466000000 USD
us-gaap Depreciation Depletion And Amortization
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1504000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1456000000 USD
us-gaap Deferred Income Taxes And Tax Credits
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-172000000 USD
us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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63000000 USD
us-gaap Increase Decrease In Accounts Receivable
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234000000 USD
us-gaap Increase Decrease In Inventories
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101000000 USD
us-gaap Increase Decrease In Inventories
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93000000 USD
us-gaap Increase Decrease In Other Operating Assets
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269000000 USD
us-gaap Increase Decrease In Other Operating Assets
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110000000 USD
us-gaap Increase Decrease In Accounts Payable
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-196000000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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-128000000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-384000000 USD
amgn Increase Decrease In Noncurrent Tax Liability
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amgn Increase Decrease In Noncurrent Tax Liability
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204000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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15000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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766000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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6636000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8102000000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
9062000000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
12617000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3019000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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28059000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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18441000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3881000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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177000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-197000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
430000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
513000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
119000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
31000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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11672000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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18976000000 USD
us-gaap Repayments Of Long Term Debt
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4514000000 USD
us-gaap Repayments Of Long Term Debt
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500000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6608000000 USD
us-gaap Payments For Repurchase Of Common Stock
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15670000000 USD
us-gaap Payments Of Dividends Common Stock
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2649000000 USD
us-gaap Payments Of Dividends Common Stock
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2667000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-67000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-85000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4470000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8156000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6945000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3800000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11415000000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11956000000 USD
us-gaap Number Of Operating Segments
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1 segment
us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</span></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div>
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8200000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7800000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2019Q3 us-gaap Revenues
Revenues
5737000000 USD
CY2018Q3 us-gaap Revenues
Revenues
5904000000 USD
us-gaap Revenues
Revenues
17165000000 USD
us-gaap Revenues
Revenues
17517000000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.136
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.142
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.112
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.121
CY2019Q3 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
50000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
160000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1968000000 USD
CY2018Q3 us-gaap Net Income Loss
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1859000000 USD
us-gaap Net Income Loss
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6139000000 USD
us-gaap Net Income Loss
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6466000000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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599000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
645000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
609000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
669000000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
602000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
649000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
673000000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.29
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.67
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.27
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.61
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
20138000000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
89000000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
20227000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
29064000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
341000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
28724000000 USD
CY2019Q3 us-gaap Cash
Cash
626000000 USD
CY2018Q4 us-gaap Cash
Cash
580000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
12941000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
17424000000 USD
CY2019Q3 amgn Available For Sale Securities Debt Maturities After One Through Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue
4855000000 USD
CY2018Q4 amgn Available For Sale Securities Debt Maturities After One Through Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue
3356000000 USD
CY2019Q3 amgn Available For Sale Securities Debt Maturities After Three Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterThreeThroughFiveYearsFairValue
1226000000 USD
CY2018Q4 amgn Available For Sale Securities Debt Maturities After Three Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterThreeThroughFiveYearsFairValue
5168000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
646000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
885000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
559000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
1891000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
20227000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
28724000000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
21000000 USD
CY2018Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
5000000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
24000000 USD
CY2018Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
108000000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
23000000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
27000000 USD
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
32000000 USD
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
379000000 USD
CY2019Q3 amgn Saleofsecuritiesreceivable
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1100000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
6838000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
226000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
4360000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
115000000 USD
CY2019Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
277000000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
176000000 USD
CY2019Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
170000000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
222000000 USD
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
324000000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
257000000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1923000000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1660000000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
996000000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1023000000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
3243000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
2940000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
14699000000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
26000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-20000000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
14705000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18784000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12158000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6626000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18790000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11402000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7388000000 USD
CY2019Q3 amgn Identifiable Intangible Assets Gross
IdentifiableIntangibleAssetsGross
18860000000 USD
CY2019Q3 amgn Identifiable Intangible Assets Accumulated Amortization
IdentifiableIntangibleAssetsAccumulatedAmortization
12158000000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6702000000 USD
CY2018Q4 amgn Identifiable Intangible Assets Gross
IdentifiableIntangibleAssetsGross
18845000000 USD
CY2018Q4 amgn Identifiable Intangible Assets Accumulated Amortization
IdentifiableIntangibleAssetsAccumulatedAmortization
11402000000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7443000000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
318000000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
331000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
948000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
983000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
300000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1200000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1000000000.0 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
900000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
900000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
900000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P7Y
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
422000000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
135000000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
351000000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
486000000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
50000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
149000000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
8000000 USD
us-gaap Sublease Income
SubleaseIncome
25000000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
42000000 USD
us-gaap Lease Cost
LeaseCost
124000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
31000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
157000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
137000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
77000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
65000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
55000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
522000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
36000000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
486000000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0331
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
42000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
115000000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
83000000 USD
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
874000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
896000000 USD
CY2019Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
391000000 USD
CY2018Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
-53000000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
29791000000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
33929000000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2049000000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4419000000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
27742000000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29510000000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15900000 shares
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3031000000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
56400000 shares
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10787000000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
13100000 shares
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2349000000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
18200000 shares
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3190000000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
6200000 shares
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1170000000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8700000 shares
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1713000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
35200000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6550000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
83400000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15690000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000000.0 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3600000000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.45
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.45
CY2019Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
277000000 USD
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
21209000000 USD
CY2019Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
62000000 USD
CY2019Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
546000000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
176000000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
29308000000 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
72000000 USD
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
648000000 USD
us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P3Y
CY2019Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
33300000000 USD
CY2018Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
35000000000.0 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
29800000000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
33900000000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
114000000 USD
CY2019Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
313000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
517000000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
988000000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
126000000 USD
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
355000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
519000000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
1040000000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
705000000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
484000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
408000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
576000000 USD

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