2016 Form 10-K Financial Statement

#000167486216000008 Filed on November 21, 2016

View on sec.gov

Income Statement

Concept 2016 2015 Q3 2015
Revenue $3.019B $1.280B $3.420B
YoY Change -11.73% -16.78% -43.93%
Cost Of Revenue $2.132B $969.0M $2.532B
YoY Change -15.8% -21.09% -45.02%
Gross Profit $887.0M $311.0M $888.0M
YoY Change -0.11% 0.32% -41.42%
Gross Profit Margin 29.38% 24.3% 25.96%
Selling, General & Admin $858.0M $375.0M $692.0M
YoY Change 23.99% -10.5% -49.04%
% of Gross Profit 96.73% 120.58% 77.93%
Research & Development $87.00M $25.00M $99.00M
YoY Change -12.12% 8.7% -13.16%
% of Gross Profit 9.81% 8.04% 11.15%
Depreciation & Amortization $302.0M $51.00M $306.0M
YoY Change -1.31% -54.46% -22.14%
% of Gross Profit 34.05% 16.4% 34.46%
Operating Expenses $945.0M $415.0M $791.0M
YoY Change 19.47% -9.98% -46.26%
Operating Profit -$50.00M -$104.0M $112.0M
YoY Change -144.64% -31.13% 143.48%
Interest Expense -$160.0M -$64.00M -$171.0M
YoY Change -6.43% 45.45% 24.82%
% of Operating Profit -152.68%
Other Income/Expense, Net -$83.00M -$4.000M -$17.00M
YoY Change 388.24% 33.33% 88.89%
Pretax Income -$308.0M -$136.0M -$151.0M
YoY Change 103.97% -37.33% 30.17%
Income Tax -$25.00M -$77.00M -$139.0M
% Of Pretax Income
Net Earnings -$29.00M -$54.00M $309.0M
YoY Change -109.39% -179.41% 32.62%
Net Earnings / Revenue -0.96% -4.22% 9.04%
Basic Earnings Per Share -$0.47 $4.54
Diluted Earnings Per Share -$0.47 -$806.0K $4.54
COMMON SHARES
Basic Shares Outstanding 63.00M 68.00M shares
Diluted Shares Outstanding 63.00M 68.00M shares

Balance Sheet

Concept 2016 2015 Q3 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.017B $1.257B $1.257B
YoY Change -19.09% -9.76% -9.76%
Cash & Equivalents $1.017B $1.257B $1.257B
Short-Term Investments
Other Short-Term Assets $803.0M $169.0M $169.0M
YoY Change 375.15% -15.92% -15.92%
Inventory $539.0M $706.0M $706.0M
Prepaid Expenses
Receivables $529.0M $961.0M $961.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.888B $3.093B $3.093B
YoY Change -6.63% -13.14% -13.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.900B $1.929B $2.182B
YoY Change -12.92% -20.09% -9.61%
Goodwill $2.317B
YoY Change -12.33%
Intangibles $1.142B
YoY Change
Long-Term Investments $181.0M $65.00M $65.00M
YoY Change 178.46% -19.75% -75.47%
Other Assets $1.498B $409.0M $906.0M
YoY Change 65.34% 135.06% 426.74%
Total Long-Term Assets $7.112B $6.961B $6.961B
YoY Change 2.17% -5.24% -5.41%
TOTAL ASSETS
Total Short-Term Assets $2.888B $3.093B $3.093B
Total Long-Term Assets $7.112B $6.961B $6.961B
Total Assets $10.00B $10.07B $10.05B
YoY Change -0.54% -7.71% -7.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $376.0M $573.0M $573.0M
YoY Change -34.38% -14.99% -14.99%
Accrued Expenses $309.0M $488.0M $472.0M
YoY Change -34.53% -27.27% -29.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $326.0M $326.0M
YoY Change -100.0% -0.91% -0.91%
Long-Term Debt Due $170.0M $55.00M $55.00M
YoY Change 209.09% 511.11% 511.11%
Total Short-Term Liabilities $1.238B $1.442B $1.442B
YoY Change -14.15% -14.52% -14.52%
LONG-TERM LIABILITIES
Long-Term Debt $2.325B $3.348B $3.348B
YoY Change -30.56% 15.01% 15.01%
Other Long-Term Liabilities $2.957B $405.0M $2.142B
YoY Change 38.05% -84.59% -18.52%
Total Long-Term Liabilities $5.282B $5.575B $5.490B
YoY Change -3.79% 0.63% -0.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.238B $1.442B $1.442B
Total Long-Term Liabilities $5.282B $5.575B $5.490B
Total Liabilities $6.653B $7.017B $7.017B
YoY Change -5.19% -4.36% -4.36%
SHAREHOLDERS EQUITY
Retained Earnings $3.281B
YoY Change
Common Stock $47.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.347B $3.037B $3.037B
YoY Change
Total Liabilities & Shareholders Equity $10.00B $10.05B $10.05B
YoY Change -0.54% -7.93% -7.93%

Cashflow Statement

Concept 2016 2015 Q3 2015
OPERATING ACTIVITIES
Net Income -$29.00M -$54.00M $309.0M
YoY Change -109.39% -179.41% 32.62%
Depreciation, Depletion And Amortization $302.0M $51.00M $306.0M
YoY Change -1.31% -54.46% -22.14%
Cash From Operating Activities $678.0M $231.0M $333.0M
YoY Change 103.6% 20.94% -48.21%
INVESTING ACTIVITIES
Capital Expenditures $231.0M -$73.00M $220.0M
YoY Change 5.0% -23.96% -11.29%
Acquisitions $0.00 $8.000M
YoY Change -100.0%
Other Investing Activities -$6.000M -$13.00M -$14.00M
YoY Change -57.14% -100.8% 366.67%
Cash From Investing Activities -$332.0M -$86.00M -$392.0M
YoY Change -15.31% -105.66% -127.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.0M $397.0M
YoY Change 25.94% -58.39%
Debt Paid & Issued, Net $1.095B $623.0M
YoY Change 75.76% 5563.64%
Cash From Financing Activities -407.0M 4.000M -30.00M
YoY Change 1256.67% -100.45% -97.1%
NET CHANGE
Cash From Operating Activities 678.0M 231.0M 333.0M
Cash From Investing Activities -332.0M -86.00M -392.0M
Cash From Financing Activities -407.0M 4.000M -30.00M
Net Change In Cash -61.00M 149.0M -89.00M
YoY Change -31.46% -81.94% -108.48%
FREE CASH FLOW
Cash From Operating Activities $678.0M $231.0M $333.0M
Capital Expenditures $231.0M -$73.00M $220.0M
Free Cash Flow $447.0M $304.0M $113.0M
YoY Change 295.58% 5.92% -71.39%

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CY2016Q3 us-gaap Commitments And Contingencies
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CY2016 us-gaap Goodwill Translation Adjustments
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2000000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
21000000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
10000000 USD
CY2014 us-gaap Gross Profit
GrossProfit
1516000000 USD
CY2015 us-gaap Gross Profit
GrossProfit
1573000000 USD
CY2016 us-gaap Gross Profit
GrossProfit
1627000000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
72000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
191000000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-364000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-158000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-152000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-116000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
169000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
136000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
248000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
327000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
288000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-116000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
169000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
136000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
72000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
191000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.94
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.81
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.93
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.78
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.03
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
161000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
118000000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-31000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
2.10
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.73
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.50
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
2.07
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.70
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.49
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-25000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13000000 USD
CY2014 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2015 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-188000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
133000000 USD
CY2015Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
7000000 USD
CY2016Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
6000000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
14000000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-29000000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
43000000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
14000000 USD
CY2014 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
37000000 USD
CY2015 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
11000000 USD
CY2016 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-214000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-73000000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-32000000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-40000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
59000000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
47000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
55000000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
11000000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
27000000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
88000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
226000000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
108000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
64000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-229000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-59000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-16000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
7000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
10000000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-8000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
24000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
33000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
23000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-261000000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-55000000 USD
CY2014 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
4000000 USD
CY2015 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
2000000 USD
CY2016 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
3000000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4000000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-39000000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-44000000 USD
CY2014 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
87000000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
232000000 USD
CY2016 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-57000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
131000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
303000000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-17000000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
335000000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
15000000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
320000000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
4000000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2015Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
311000000 USD
CY2016Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
301000000 USD
CY2015Q3 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
180000000 USD
CY2016Q3 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
196000000 USD
CY2015Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1561000000 USD
CY2016Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1556000000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1142000000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1064000000 USD
CY2014 us-gaap Interest And Debt Expense
InterestAndDebtExpense
-9000000 USD
CY2015 us-gaap Interest And Debt Expense
InterestAndDebtExpense
-17000000 USD
CY2016 us-gaap Interest And Debt Expense
InterestAndDebtExpense
-6000000 USD
CY2014 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
0 USD
CY2015 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
3000000 USD
CY2016 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
8000000 USD
CY2016 us-gaap Interest Costs Incurred Capitalized
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1000000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
-163000000 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
-166000000 USD
CY2016 us-gaap Interest Expense Debt
InterestExpenseDebt
-190000000 USD
CY2016 us-gaap Interest And Fee Income Loans And Leases
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6000000 USD
CY2014 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
1000000 USD
CY2015 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
2000000 USD
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-166000000 USD
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-174000000 USD
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-182000000 USD
CY2014 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6000000 USD
CY2015 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
154000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
149000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
162000000 USD
CY2015Q3 us-gaap Inventory Finished Goods
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542000000 USD
CY2016Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
516000000 USD
CY2015Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
34000000 USD
CY2016Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
29000000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
706000000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
671000000 USD
CY2015Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
198000000 USD
CY2016Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
184000000 USD
CY2014Q3 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
81000000 USD
CY2015Q3 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
65000000 USD
CY2016Q3 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
57000000 USD
CY2015Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
170000000 USD
CY2016Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
162000000 USD
CY2014 us-gaap Legal Fees
LegalFees
5000000 USD
CY2015 us-gaap Legal Fees
LegalFees
6000000 USD
CY2016 us-gaap Legal Fees
LegalFees
8000000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
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10054000000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9697000000 USD
CY2015Q3 us-gaap Liabilities Current
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1442000000 USD
CY2016Q3 us-gaap Liabilities Current
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1216000000 USD
CY2015Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
5575000000 USD
CY2016Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
5316000000 USD
CY2015Q3 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
661000000 USD
CY2016Q3 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
686000000 USD
CY2015 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
398000000 USD
CY2015Q3 us-gaap Long Term Debt
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3431000000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
3103000000 USD
CY2015Q3 us-gaap Long Term Debt Current
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55000000 USD
CY2016Q3 us-gaap Long Term Debt Current
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19000000 USD
CY2015Q3 us-gaap Long Term Debt Fair Value
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3484000000 USD
CY2016Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3336000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
19000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
263000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
38000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
43000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
719000000 USD
CY2015Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3348000000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3055000000 USD
CY2015 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
CY2016 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
CY2015Q3 us-gaap Materials Supplies And Other
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37000000 USD
CY2016Q3 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
35000000 USD
CY2015Q3 us-gaap Minority Interest
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0 USD
CY2016Q3 us-gaap Minority Interest
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CY2016Q3 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.17
CY2016Q3 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
1
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-358000000 USD
CY2016 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
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CY2014 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
1671000000 USD
CY2015 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
269000000 USD
CY2016 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-40000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1034000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-30000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-394000000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-168000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-417000000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
580000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
89000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
703000000 USD
CY2014 us-gaap Net Income Loss
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233000000 USD
CY2015 us-gaap Net Income Loss
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309000000 USD
CY2016 us-gaap Net Income Loss
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-29000000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2015Q3 us-gaap Notes And Loans Receivable Net Noncurrent
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36000000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Net Noncurrent
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47000000 USD
CY2016 us-gaap Number Of Reportable Segments
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3
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
46000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
458000000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
327000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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52000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
45000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
125000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
22000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
25000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
39000000 USD
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
7000000 USD
CY2015 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
4000000 USD
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
3000000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
69000000 USD
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
57000000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
65000000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
74000000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
59000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
66000000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
2000000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
2000000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
2000000 USD
CY2015Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
73000000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Noncurrent
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CY2016Q3 us-gaap Other Assets Current
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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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36000000 USD
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24000000 USD
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60000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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11000000 USD
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CY2014 us-gaap Sales Revenue Net
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CY2015 us-gaap Stock Issued During Period Shares New Issues
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450000000 USD
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500000000 USD
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21000000 USD
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24000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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22000000 USD
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
148000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63000000 shares
CY2016 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Since 2014, Ashland has entered into foreign currency contracts in order to manage the foreign currency exposure of the net investment in certain foreign operations. These foreign currency contracts were primarily the result of certain proceeds from the sale of Water Technologies being received in non-U.S. denominated currencies during 2014 and ongoing management of the volatility in foreign currency exchange rates. Ashland designated the foreign currency contracts as hedges of net investments in its foreign subsidiaries. As a result, Ashland records these hedges at fair value using forward rates, with the effective portion of the gain or loss reported as a component of the cumulative translation adjustment within AOCI and subsequently recognized in the Statements of Consolidated Comprehensive Income when the hedged item affects net income. During </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, these foreign currency contracts were settled and Ashland entered into new foreign currency contracts designated as hedges of net investments in foreign subsidiaries. These settlements resulted in net gains recorded within the cumulative translation adjustment within AOCI of </font><font style="font-family:inherit;font-size:10pt;">$4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$11 million</font><font style="font-family:inherit;font-size:10pt;"> during </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the total notional value of foreign currency contracts equaled </font><font style="font-family:inherit;font-size:10pt;">$94 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$175 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. The fair value of Ashland&#8217;s net investment hedge assets and liabilities are calculated using forward rates. Accordingly, these instruments are deemed to be Level 2 measurements within the fair value hierarchy. Counterparties to these net investment hedges are highly rated financial institutions which Ashland believes carry only a nominal risk of nonperformance.</font></div></div>
CY2016 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ashland conducts business in a variety of foreign currencies.&#160;&#160;Accordingly, Ashland regularly uses foreign currency derivative instruments to manage exposure on certain transactions denominated in foreign currencies to curtail potential earnings volatility effects of certain assets and liabilities, including short-term inter-company loans, denominated in currencies other than Ashland&#8217;s functional currency of an entity. These derivative contracts generally require exchange of one foreign currency for another at a fixed rate at a future date and generally have maturities of less than twelve months.&#160;&#160;All contracts are valued at fair value with net changes in fair value recorded within the selling, general and administrative expense caption.&#160;&#160;The impacts of these contracts were largely offset by gains and losses resulting from the impact of changes in exchange rates on transactions denominated in non-functional currencies.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of estimates, risks and uncertainties </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Ashland&#8217;s Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of contingent assets and liabilities.&#160;&#160;Significant items that are subject to such estimates and assumptions include, but are not limited to, long-lived assets (including goodwill and other intangible assets), employee benefit obligations, income taxes and liabilities and receivables associated with asbestos litigation and environmental remediation.&#160;&#160;Although management bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances, actual results could differ significantly from the estimates under different assumptions or conditions.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ashland&#8217;s results are affected by domestic and international economic, political, legislative, regulatory and legal actions.&#160;&#160;Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, government fiscal policies and changes in the prices of certain key raw materials, can have a significant effect on operations.&#160;&#160;While Ashland maintains reserves for anticipated liabilities and carries various levels of insurance, Ashland could be affected by civil, criminal, regulatory or administrative actions, claims or proceedings relating to asbestos, environmental remediation or other matters.</font></div></div>

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