2017 Form 10-K Financial Statement

#000167486217000090 Filed on November 20, 2017

View on sec.gov

Income Statement

Concept 2017 2016 Q3 2016
Revenue $3.260B $754.0M $3.019B
YoY Change 7.98% -41.09% -11.73%
Cost Of Revenue $1.580B $415.0M $2.132B
YoY Change -25.89% -57.17% -15.8%
Gross Profit $729.0M $339.0M $887.0M
YoY Change -17.81% 9.0% -0.11%
Gross Profit Margin 22.36% 44.96% 29.38%
Selling, General & Admin $610.0M $295.0M $858.0M
YoY Change -28.9% -21.33% 23.99%
% of Gross Profit 83.68% 87.02% 96.73%
Research & Development $73.00M $21.00M $87.00M
YoY Change -16.09% -16.0% -12.12%
% of Gross Profit 10.01% 6.19% 9.81%
Depreciation & Amortization $265.0M $75.00M $302.0M
YoY Change -12.25% 47.06% -1.31%
% of Gross Profit 36.35% 22.12% 34.05%
Operating Expenses $683.0M $334.0M $945.0M
YoY Change -27.72% -19.52% 19.47%
Operating Profit $49.00M $5.000M -$50.00M
YoY Change -198.0% -104.81% -144.64%
Interest Expense -$209.0M -$41.00M -$160.0M
YoY Change 30.63% -35.94% -6.43%
% of Operating Profit -426.53% -820.0%
Other Income/Expense, Net -$15.00M -$79.00M -$83.00M
YoY Change -81.93% 1875.0% 388.24%
Pretax Income -$196.0M -$330.0M -$308.0M
YoY Change -36.36% 142.65% 103.97%
Income Tax -$16.00M $14.00M -$25.00M
% Of Pretax Income
Net Earnings $1.000M -$276.0M -$29.00M
YoY Change -103.45% 411.11% -109.39%
Net Earnings / Revenue 0.03% -36.6% -0.96%
Basic Earnings Per Share $0.01 -$0.47
Diluted Earnings Per Share $0.01 -$4.381M -$0.47
COMMON SHARES
Basic Shares Outstanding 62.00M 62.12M shares 63.00M
Diluted Shares Outstanding 62.00M 63.00M

Balance Sheet

Concept 2017 2016 Q3 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $566.0M $1.017B $1.017B
YoY Change -44.35% -19.09% -19.09%
Cash & Equivalents $566.0M $1.017B $1.017B
Short-Term Investments
Other Short-Term Assets $91.00M $89.00M $803.0M
YoY Change -88.67% -47.34% 375.15%
Inventory $634.0M $539.0M $539.0M
Prepaid Expenses
Receivables $612.0M $529.0M $529.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.903B $2.888B $2.888B
YoY Change -34.11% -6.63% -6.63%
LONG-TERM ASSETS
Property, Plant & Equipment $1.970B $1.900B $1.900B
YoY Change 3.68% -1.5% -12.92%
Goodwill $2.138B
YoY Change -7.73%
Intangibles $1.061B
YoY Change -7.09%
Long-Term Investments $190.0M $31.00M $181.0M
YoY Change 4.97% -52.31% 178.46%
Other Assets $441.0M $437.0M $1.498B
YoY Change -70.56% 6.85% 65.34%
Total Long-Term Assets $6.715B $7.112B $7.112B
YoY Change -5.58% 2.17% 2.17%
TOTAL ASSETS
Total Short-Term Assets $1.903B $2.888B $2.888B
Total Long-Term Assets $6.715B $7.112B $7.112B
Total Assets $8.618B $10.00B $10.00B
YoY Change -13.82% -0.66% -0.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $409.0M $376.0M $376.0M
YoY Change 8.78% -34.38% -34.38%
Accrued Expenses $288.0M $313.0M $309.0M
YoY Change -6.8% -35.86% -34.53%
Deferred Revenue
YoY Change
Short-Term Debt $229.0M $170.0M $0.00
YoY Change -47.85% -100.0%
Long-Term Debt Due $6.000M $0.00 $170.0M
YoY Change -96.47% -100.0% 209.09%
Total Short-Term Liabilities $968.0M $1.238B $1.238B
YoY Change -21.81% -14.15% -14.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.584B $2.325B $2.325B
YoY Change 11.14% -30.56% -30.56%
Other Long-Term Liabilities $1.285B $361.0M $2.957B
YoY Change -56.54% -10.86% 38.05%
Total Long-Term Liabilities $3.869B $5.597B $5.282B
YoY Change -26.75% 0.39% -3.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $968.0M $1.238B $1.238B
Total Long-Term Liabilities $3.869B $5.597B $5.282B
Total Liabilities $5.212B $6.835B $6.653B
YoY Change -21.66% -2.59% -5.19%
SHAREHOLDERS EQUITY
Retained Earnings $2.704B
YoY Change -17.59%
Common Stock $924.0M
YoY Change 1865.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.406B $3.347B $3.347B
YoY Change
Total Liabilities & Shareholders Equity $8.618B $10.00B $10.00B
YoY Change -13.82% -0.54% -0.54%

Cashflow Statement

Concept 2017 2016 Q3 2016
OPERATING ACTIVITIES
Net Income $1.000M -$276.0M -$29.00M
YoY Change -103.45% 411.11% -109.39%
Depreciation, Depletion And Amortization $265.0M $75.00M $302.0M
YoY Change -12.25% 47.06% -1.31%
Cash From Operating Activities $383.0M $273.0M $678.0M
YoY Change -43.51% 18.18% 103.6%
INVESTING ACTIVITIES
Capital Expenditures $168.0M -$81.00M $231.0M
YoY Change -27.27% 10.96% 5.0%
Acquisitions $680.0M $0.00
YoY Change -100.0%
Other Investing Activities -$951.0M -$44.00M -$6.000M
YoY Change 15750.0% 238.46% -57.14%
Cash From Investing Activities -$1.119B -$125.0M -$332.0M
YoY Change 237.05% 45.35% -15.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $500.0M
YoY Change -100.0% 25.94%
Debt Paid & Issued, Net $915.0M $1.095B
YoY Change -16.44% 75.76%
Cash From Financing Activities 119.0M -173.0M -407.0M
YoY Change -129.24% -4425.0% 1256.67%
NET CHANGE
Cash From Operating Activities 383.0M 273.0M 678.0M
Cash From Investing Activities -1.119B -125.0M -332.0M
Cash From Financing Activities 119.0M -173.0M -407.0M
Net Change In Cash -622.0M -25.00M -61.00M
YoY Change 919.67% -116.78% -31.46%
FREE CASH FLOW
Cash From Operating Activities $383.0M $273.0M $678.0M
Capital Expenditures $168.0M -$81.00M $231.0M
Free Cash Flow $215.0M $354.0M $447.0M
YoY Change -51.9% 16.45% 295.58%

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CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
287000000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2000000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
40000000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
171000000 USD
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
11000000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
10000000 USD
CY2015 us-gaap Gross Profit
GrossProfit
888000000 USD
CY2016 us-gaap Gross Profit
GrossProfit
866000000 USD
CY2017 us-gaap Gross Profit
GrossProfit
888000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-12000000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-283000000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-105000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-424000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-557000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-376000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-151000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-308000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-98000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
273000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
249000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
278000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-151000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-308000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-98000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-12000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-283000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-105000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.18
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.51
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.69
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.18
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.51
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.69
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
321000000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
255000000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
133000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
4.72
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
4.04
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.70
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
4.72
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
4.04
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.70
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-139000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-27000000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
33000000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3000000 USD
CY2015 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
10000000 USD
CY2016 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2017 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-61000000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-57000000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-63000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-53000000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-108000000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-34000000 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
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-15000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
22000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
21000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-23000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-15000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-87000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-93000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-29000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
7000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
9000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
6000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
22000000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
24000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
12000000 USD
CY2015 us-gaap Income Taxes Paid
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226000000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
108000000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
79000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
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-228000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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-99000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
60000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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-211000000 USD
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-77000000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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64000000 USD
CY2015 us-gaap Increase Decrease In Insurance Settlements Receivable
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2000000 USD
CY2016 us-gaap Increase Decrease In Insurance Settlements Receivable
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3000000 USD
CY2017 us-gaap Increase Decrease In Insurance Settlements Receivable
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2000000 USD
CY2015 us-gaap Increase Decrease In Inventories
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-45000000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-48000000 USD
CY2017 us-gaap Increase Decrease In Inventories
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23000000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
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254000000 USD
CY2016 us-gaap Increase Decrease In Operating Capital
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-43000000 USD
CY2017 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
42000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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282000000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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15000000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
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335000000 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
CY2017 us-gaap Increase Decrease In Restricted Cash And Investments
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2000000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
301000000 USD
CY2016Q3 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
196000000 USD
CY2017Q3 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
209000000 USD
CY2016Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1551000000 USD
CY2017Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1902000000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1061000000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1319000000 USD
CY2015 us-gaap Interest And Debt Expense
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-17000000 USD
CY2016 us-gaap Interest And Debt Expense
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CY2017 us-gaap Interest And Debt Expense
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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
CY2017 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
9000000 USD
CY2015 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6000000 USD
CY2016 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5000000 USD
CY2017 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4000000 USD
CY2015 us-gaap Interest Costs Incurred Capitalized
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2000000 USD
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InterestCostsIncurredCapitalized
1000000 USD
CY2017 us-gaap Interest Costs Incurred Capitalized
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1000000 USD
CY2015 us-gaap Interest Expense Debt
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-166000000 USD
CY2016 us-gaap Interest Expense Debt
InterestExpenseDebt
-180000000 USD
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
-232000000 USD
CY2015 us-gaap Interest Income Expense Net
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-174000000 USD
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-173000000 USD
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-234000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
149000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
162000000 USD
CY2017 us-gaap Interest Paid
InterestPaid
132000000 USD
CY2016Q3 us-gaap Inventory Finished Goods
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377000000 USD
CY2017Q3 us-gaap Inventory Finished Goods
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390000000 USD
CY2016Q3 us-gaap Inventory Lifo Reserve
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1000000 USD
CY2017Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
1000000 USD
CY2016Q3 us-gaap Inventory Net
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539000000 USD
CY2017Q3 us-gaap Inventory Net
InventoryNet
634000000 USD
CY2016Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
163000000 USD
CY2017Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
245000000 USD
CY2016Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
102000000 USD
CY2017Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
108000000 USD
CY2015 us-gaap Legal Fees
LegalFees
6000000 USD
CY2016 us-gaap Legal Fees
LegalFees
8000000 USD
CY2017 us-gaap Legal Fees
LegalFees
8000000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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10000000000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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8618000000 USD
CY2016Q3 us-gaap Liabilities Current
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1238000000 USD
CY2017Q3 us-gaap Liabilities Current
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968000000 USD
CY2016Q3 us-gaap Liabilities Noncurrent
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5597000000 USD
CY2017Q3 us-gaap Liabilities Noncurrent
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4244000000 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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379000000 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
1715000000 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
0 USD
CY2017Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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614000000 USD
CY2016Q3 us-gaap Litigation Reserve Noncurrent
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686000000 USD
CY2017Q3 us-gaap Litigation Reserve Noncurrent
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694000000 USD
CY2015 us-gaap Litigation Settlement Amount
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398000000 USD
CY2016Q3 us-gaap Long Term Debt
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2345000000 USD
CY2017Q3 us-gaap Long Term Debt
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2615000000 USD
CY2016Q3 us-gaap Long Term Debt Fair Value
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2558000000 USD
CY2017Q3 us-gaap Long Term Debt Fair Value
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2768000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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6000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1279000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
56000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
269000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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11000000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
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2325000000 USD
CY2017Q3 us-gaap Long Term Debt Noncurrent
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2584000000 USD
CY2016Q3 us-gaap Materials Supplies And Other
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35000000 USD
CY2017Q3 us-gaap Materials Supplies And Other
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37000000 USD
CY2017Q3 us-gaap Minority Interest
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0 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2016Q3 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
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0.17
CY2016Q3 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
1
CY2015 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Continuing Operations
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-1650000000 USD
CY2017 us-gaap Net Cash Provided By Used In Continuing Operations
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-420000000 USD
CY2015 us-gaap Net Cash Provided By Used In Discontinued Operations
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588000000 USD
CY2016 us-gaap Net Cash Provided By Used In Discontinued Operations
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1589000000 USD
CY2017 us-gaap Net Cash Provided By Used In Discontinued Operations
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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
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-1845000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
154000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-177000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
372000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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255000000 USD
CY2015 us-gaap Net Income Loss
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309000000 USD
CY2016 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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1000000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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27000000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Net Noncurrent
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20000000 USD
CY2017Q3 us-gaap Notes And Loans Receivable Net Noncurrent
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5000000 USD
CY2017 us-gaap Number Of Reportable Segments
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3
CY2015 us-gaap Operating Income Loss
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112000000 USD
CY2016 us-gaap Operating Income Loss
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-127000000 USD
CY2017 us-gaap Operating Income Loss
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142000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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31000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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15000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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17000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
23000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
33000000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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99000000 USD
CY2015 us-gaap Operating Leases Rent Expense Contingent Rentals
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1000000 USD
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
1000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
0 USD
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
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45000000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
50000000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
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48000000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
45000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
50000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
47000000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1000000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1000000 USD
CY2017 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1000000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Noncurrent
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69000000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
50000000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
89000000 USD
CY2017Q3 us-gaap Other Assets Current
OtherAssetsCurrent
91000000 USD
CY2016Q3 us-gaap Other Assets Miscellaneous
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<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>
CY2017 us-gaap Use Of Estimates
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<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), 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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