2015 Q4 Form 10-K Financial Statement

#000162828017001652 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $3.227B $2.752B $2.836B
YoY Change -2.18% -4.44% -2.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.571B $2.329B $2.528B
YoY Change -3.49% -5.44% 2.18%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $137.0M $134.0M $136.0M
YoY Change -7.43% -11.26% -8.72%
% of Gross Profit
Operating Expenses $2.571B $2.329B $2.528B
YoY Change -3.49% -5.44% 2.18%
Operating Profit $656.0M $423.0M $308.0M
YoY Change 3.31% 1.44% -30.79%
Interest Expense -$64.00M $72.00M $68.00M
YoY Change 20.75% 10.77% 4.62%
% of Operating Profit -9.76% 17.02% 22.08%
Other Income/Expense, Net -$13.00M $8.000M $1.000M
YoY Change -77.14% -150.0%
Pretax Income $702.0M $352.0M $214.0M
YoY Change 20.83% -9.74% -43.68%
Income Tax $112.0M $49.00M $26.00M
% Of Pretax Income 15.95% 13.92% 12.15%
Net Earnings $540.0M $311.0M $214.0M
YoY Change 15.63% -1.27% -31.63%
Net Earnings / Revenue 16.73% 11.3% 7.55%
Basic Earnings Per Share $1.05 $0.63
Diluted Earnings Per Share $2.105M $1.04 $0.62
COMMON SHARES
Basic Shares Outstanding 273.9M shares 280.9M shares 284.5M shares
Diluted Shares Outstanding 283.8M shares 286.7M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $740.0M $783.0M $851.0M
YoY Change -3.65% 30.72% 17.22%
Cash & Equivalents $384.0M $398.0M $367.0M
Short-Term Investments $356.0M $385.0M $484.0M
Other Short-Term Assets $329.0M $728.0M $731.0M
YoY Change -45.35% 2.39% -47.64%
Inventory
Prepaid Expenses $130.0M $161.0M $175.0M
Receivables $2.564B $2.453B $2.684B
Other Receivables $94.00M $244.0M $220.0M
Total Short-Term Assets $13.57B $13.92B $15.66B
YoY Change -14.27% -5.66% -11.61%
LONG-TERM ASSETS
Property, Plant & Equipment $765.0M $785.0M $782.0M
YoY Change 0.0% 3.29% -0.64%
Goodwill $7.068B $8.571B $8.661B
YoY Change -20.23% -5.04% -4.81%
Intangibles $3.199B $3.276B $3.369B
YoY Change -9.61% -9.78% -3.38%
Long-Term Investments $135.0M $136.0M $142.0M
YoY Change 8.87% 11.48% 21.37%
Other Assets $592.0M $1.673B $1.755B
YoY Change -18.57% 9.27% 11.57%
Total Long-Term Assets $13.02B $13.29B $13.55B
YoY Change -5.7% -5.59% -3.68%
TOTAL ASSETS
Total Short-Term Assets $13.57B $13.92B $15.66B
Total Long-Term Assets $13.02B $13.29B $13.55B
Total Assets $26.88B $27.21B $29.20B
YoY Change -9.7% -5.62% -8.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.772B $1.447B $1.368B
YoY Change -1.83% -5.3% -8.68%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $562.0M $1.327B $1.237B
YoY Change -28.22% 101.06% 54.82%
Total Short-Term Liabilities $13.09B $13.54B $14.84B
YoY Change -12.85% -2.27% -7.49%
LONG-TERM LIABILITIES
Long-Term Debt $5.138B $4.799B $4.824B
YoY Change 7.06% -0.85% -6.42%
Other Long-Term Liabilities $769.0M $1.091B $1.140B
YoY Change -12.01% -23.28% -11.56%
Total Long-Term Liabilities $5.907B $5.890B $5.964B
YoY Change 4.12% -5.94% -7.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.09B $13.54B $14.84B
Total Long-Term Liabilities $5.907B $5.890B $5.964B
Total Liabilities $20.82B $21.26B $22.75B
YoY Change -10.01% -1.35% -5.29%
SHAREHOLDERS EQUITY
Retained Earnings $4.013B $4.015B $4.405B
YoY Change -12.86% -14.9% -11.58%
Common Stock $5.412B $5.321B $5.229B
YoY Change 6.12% 6.1% 5.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.002B $5.883B $6.398B
YoY Change
Total Liabilities & Shareholders Equity $26.88B $27.21B $29.20B
YoY Change -9.7% -5.62% -8.1%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $540.0M $311.0M $214.0M
YoY Change 15.63% -1.27% -31.63%
Depreciation, Depletion And Amortization $137.0M $134.0M $136.0M
YoY Change -7.43% -11.26% -8.72%
Cash From Operating Activities $714.0M $717.0M $280.0M
YoY Change -5.93% 30.36% -18.6%
INVESTING ACTIVITIES
Capital Expenditures -$65.00M -$83.00M -$80.00M
YoY Change -15.58% 29.69% 33.33%
Acquisitions
YoY Change
Other Investing Activities $113.0M $98.00M -$123.0M
YoY Change -154.85% -138.89% 192.86%
Cash From Investing Activities $48.00M $15.00M -$203.0M
YoY Change -116.96% -104.75% 99.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -759.0M -589.0M -84.00M
YoY Change 76.51% 131.89% -55.56%
NET CHANGE
Cash From Operating Activities 714.0M 717.0M 280.0M
Cash From Investing Activities 48.00M 15.00M -203.0M
Cash From Financing Activities -759.0M -589.0M -84.00M
Net Change In Cash 3.000M 143.0M -7.000M
YoY Change -93.48% -815.0% -113.21%
FREE CASH FLOW
Cash From Operating Activities $714.0M $717.0M $280.0M
Capital Expenditures -$65.00M -$83.00M -$80.00M
Free Cash Flow $779.0M $800.0M $360.0M
YoY Change -6.82% 30.29% -10.89%

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CY2016 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
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CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2016Q4 us-gaap Due From Related Parties Current
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5.21
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4.66
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CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0.143
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.215
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-0.013
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0.015
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0.005
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0.007
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0.017
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0.014
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0.030
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P2Y1M6D
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94000000 USD
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95000000 USD
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94000000 USD
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2266000000 USD
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2457000000 USD
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300000000 USD
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259000000 USD
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119000000 USD
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158000000 USD
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180000000 USD
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209000000 USD
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4680000000 USD
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18000000 USD
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30000000 USD
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642000000 USD
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4000000 USD
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77000000 USD
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34000000 USD
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104000000 USD
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95000000 USD
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1765000000 USD
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1689000000 USD
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1669000000 USD
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1431000000 USD
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1422000000 USD
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1430000000 USD
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1.21
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0.72
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1.08
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1.94
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598000000 USD
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4.93
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.20
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1.12
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.19
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.70
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
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5.21
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.20
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.71
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1.07
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.91
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.88
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.19
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.11
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.18
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.68
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IncomeLossFromContinuingOperationsPerDilutedShare
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IncomeLossFromEquityMethodInvestments
12000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
334000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
267000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
239000000 USD
CY2014 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.02
CY2015 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.08
CY2016 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.17
CY2014 us-gaap Income Taxes Paid Net
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337000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
249000000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
218000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
87000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
64000000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
42000000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
116000000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
49000000 USD
CY2014 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
403000000 USD
CY2015 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
-350000000 USD
CY2014 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 USD
CY2015 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 USD
CY2016 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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43000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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-50000000 USD
CY2014 us-gaap Increase Decrease In Pension And Postretirement Obligations
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-340000000 USD
CY2015 us-gaap Increase Decrease In Pension And Postretirement Obligations
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-230000000 USD
CY2016 us-gaap Increase Decrease In Pension And Postretirement Obligations
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42000000 USD
CY2014 us-gaap Increase Decrease In Receivables
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25000000 USD
CY2015 us-gaap Increase Decrease In Receivables
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83000000 USD
CY2016Q1 us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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-128000000 USD
us-gaap Increase Decrease In Receivables
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-228000000 USD
CY2016 us-gaap Increase Decrease In Receivables
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86000000 USD
CY2014 us-gaap Increase Decrease In Restructuring Reserve
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-83000000 USD
CY2015 us-gaap Increase Decrease In Restructuring Reserve
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CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4100000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2200000 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2180000000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2223000000 USD
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InterestExpense
255000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
273000000 USD
CY2016 us-gaap Interest Expense
InterestExpense
282000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
245000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
254000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
272000000 USD
CY2014 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
10000000 USD
CY2015 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
14000000 USD
CY2016 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
9000000 USD
CY2014 us-gaap Labor And Related Expense
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CY2016 us-gaap Labor And Related Expense
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6914000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
455000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
454000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
400000000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
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58000000 USD
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
90000000 USD
CY2015Q4 us-gaap Liabilities
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20824000000 USD
CY2016Q4 us-gaap Liabilities
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21083000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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26883000000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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26615000000 USD
CY2015Q4 us-gaap Liabilities Current
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13085000000 USD
CY2016Q4 us-gaap Liabilities Current
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12495000000 USD
CY2016Q4 us-gaap Long Term Debt
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CY2015Q4 us-gaap Long Term Debt Fair Value
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5386000000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
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6264000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4700000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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336000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
400000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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600000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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278000000 USD
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5138000000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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5869000000 USD
CY2015Q4 us-gaap Long Term Investments
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135000000 USD
CY2016Q4 us-gaap Long Term Investments
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119000000 USD
CY2015Q4 us-gaap Minority Interest
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57000000 USD
CY2016Q4 us-gaap Minority Interest
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57000000 USD
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
24000000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
27000000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28000000 USD
CY2015 us-gaap Minority Interest Decrease From Redemptions
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6000000 USD
CY2016 us-gaap Minority Interest Decrease From Redemptions
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38000000 USD
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 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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1812000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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2009000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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2326000000 USD
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34000000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13000000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10000000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000000 USD
CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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37000000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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34000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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1397000000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
344000000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
204000000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
303000000 USD
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
534000000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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1385000000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
325000000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
300000000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
319000000 USD
CY2015 us-gaap Operating Income Loss
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CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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452000000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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1396000000 USD
CY2016Q4 us-gaap Net Investment Hedge Derivative Liabilities At Fair Value
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217000000 EUR
CY2016Q4 us-gaap Net Investment Hedge Derivative Liabilities At Fair Value
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227000000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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3000000 USD
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44000000 USD
CY2015 us-gaap Nonoperating Income Expense
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100000000 USD
CY2016 us-gaap Nonoperating Income Expense
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36000000 USD
CY2015 us-gaap Number Of Businesses Acquired
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7 acquisition
CY2016 us-gaap Number Of Businesses Acquired
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8 acquisition
CY2016 us-gaap Number Of Reportable Segments
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2 segment
CY2014 us-gaap Operating Income Loss
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1966000000 USD
CY2015Q1 us-gaap Operating Income Loss
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461000000 USD
CY2015Q2 us-gaap Operating Income Loss
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308000000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
423000000 USD
CY2015Q4 us-gaap Operating Income Loss
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656000000 USD
CY2016Q1 us-gaap Operating Income Loss
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463000000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
439000000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
436000000 USD
CY2016Q4 us-gaap Operating Income Loss
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568000000 USD
CY2016 us-gaap Operating Income Loss
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355000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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251000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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214000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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237000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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283000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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317000000 USD
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380000000 USD
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371000000 USD
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336000000 USD
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75000000 USD
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83000000 USD
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64000000 USD
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CY2016Q4 us-gaap Other Accrued Liabilities Current
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162000000 USD
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191000000 USD
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329000000 USD
CY2016Q4 us-gaap Other Assets Current
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351000000 USD
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13000000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
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39000000 USD
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165000000 USD
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170000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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592000000 USD
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554000000 USD
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4000000 USD
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CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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4000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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260000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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873000000 USD
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844000000 USD
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5000000 USD
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CY2016 us-gaap Other Nonoperating Income Expense
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CY2014 us-gaap Payments For Repurchase Of Common Stock
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2250000000 USD
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1550000000 USD
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273000000 USD
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323000000 USD
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345000000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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105000000 USD
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30000000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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129000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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479000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
879000000 USD
CY2014 us-gaap Payments To Acquire Other Investments
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20000000 USD
CY2015 us-gaap Payments To Acquire Other Investments
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266000000 USD
CY2016 us-gaap Payments To Acquire Other Investments
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64000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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256000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
290000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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222000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1795000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1774000000 USD
CY2015Q4 us-gaap Prepaid Expense Current
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130000000 USD
CY2016Q4 us-gaap Prepaid Expense Current
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125000000 USD
CY2015Q4 us-gaap Prepaid Pension Costs
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1033000000 USD
CY2016Q4 us-gaap Prepaid Pension Costs
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858000000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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48000000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
205000000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
107000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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5239000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5351000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3467000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying Consolidated Financial Statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of reserves and expenses. These estimates and assumptions are based on management&#8217;s best estimates and judgments. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management believes its estimates to be reasonable given the current facts available. Aon adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity markets, and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined, among other factors, with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment would, if applicable, be reflected in the financial statements in future periods.</font></div></div>

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