2014 Form 10-K Financial Statement

#000160649815000009 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013
Revenue $1.672B $431.3M $1.678B
YoY Change -0.32% -0.39%
Cost Of Revenue $1.124B $276.0M $1.065B
YoY Change 5.46% -1.5%
Gross Profit $548.6M $155.3M $612.2M
YoY Change -10.39% 1.61%
Gross Profit Margin 32.81% 36.01% 36.49%
Selling, General & Admin $424.5M $84.50M $351.4M
YoY Change 20.8% 2.45%
% of Gross Profit 77.38% 54.41% 57.4%
Research & Development $33.60M $13.70M $37.90M
YoY Change -11.35% 14.85%
% of Gross Profit 6.12% 8.82% 6.19%
Depreciation & Amortization $85.40M $16.60M $69.20M
YoY Change 23.41% 20.14%
% of Gross Profit 15.57% 10.69% 11.3%
Operating Expenses $458.1M $97.70M $389.3M
YoY Change 17.67% 3.54%
Operating Profit $94.30M $57.60M $225.3M
YoY Change -58.14% -1.18%
Interest Expense $6.000M $800.0K $100.0K
YoY Change 5900.0% -87.5%
% of Operating Profit 6.36% 1.39% 0.04%
Other Income/Expense, Net $100.0K
YoY Change
Pretax Income $91.20M $58.50M $227.8M
YoY Change -59.96% -0.87%
Income Tax $64.10M $18.70M $73.20M
% Of Pretax Income 70.29% 31.97% 32.13%
Net Earnings $27.10M $39.80M $154.6M
YoY Change -82.47% 1.31%
Net Earnings / Revenue 1.62% 9.23% 9.22%
Basic Earnings Per Share $0.58 $3.32
Diluted Earnings Per Share $0.58 $855.9K $3.32
COMMON SHARES
Basic Shares Outstanding 46.50M shares 46.50M shares
Diluted Shares Outstanding 46.50M shares 46.50M shares

Balance Sheet

Concept 2014 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $44.10M $44.10M
YoY Change 237.87% -7.93%
Cash & Equivalents $149.0M $44.10M $44.10M
Short-Term Investments
Other Short-Term Assets $18.90M $52.10M $52.10M
YoY Change -63.72% -13.74%
Inventory $283.1M $285.6M $285.6M
Prepaid Expenses
Receivables $233.9M $203.3M $203.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $684.9M $585.1M $585.1M
YoY Change 17.06% -1.45%
LONG-TERM ASSETS
Property, Plant & Equipment $277.8M $324.9M $324.9M
YoY Change -14.5% -0.25%
Goodwill $1.430B
YoY Change -0.28%
Intangibles $141.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.50M $2.700M $2.700M
YoY Change 1029.63% -30.77%
Total Long-Term Assets $1.843B $1.899B $1.899B
YoY Change -2.96% -2.14%
TOTAL ASSETS
Total Short-Term Assets $684.9M $585.1M $585.1M
Total Long-Term Assets $1.843B $1.899B $1.899B
Total Assets $2.528B $2.484B $2.484B
YoY Change 1.76% -1.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.7M $118.5M $118.5M
YoY Change 42.36% 15.95%
Accrued Expenses $175.6M $180.0M $180.0M
YoY Change -2.44% -0.55%
Deferred Revenue
YoY Change
Short-Term Debt $3.900M $11.90M $11.90M
YoY Change -67.23% -84.32%
Long-Term Debt Due $11.90M
YoY Change
Total Short-Term Liabilities $356.0M $310.4M $310.4M
YoY Change 14.69% -13.56%
LONG-TERM LIABILITIES
Long-Term Debt $632.3M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.20M $94.50M $4.000M
YoY Change 405.0% -82.61%
Total Long-Term Liabilities $652.5M $94.50M $4.000M
YoY Change 16212.5% -82.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $356.0M $310.4M $310.4M
Total Long-Term Liabilities $652.5M $94.50M $4.000M
Total Liabilities $1.036B $404.9M $404.9M
YoY Change 155.96% -15.38%
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.491B $2.079B $2.079B
YoY Change
Total Liabilities & Shareholders Equity $2.528B $2.484B $2.484B
YoY Change 1.76% -1.98%

Cashflow Statement

Concept 2014 2013 Q4 2013
OPERATING ACTIVITIES
Net Income $27.10M $39.80M $154.6M
YoY Change -82.47% 1.31%
Depreciation, Depletion And Amortization $85.40M $16.60M $69.20M
YoY Change 23.41% 20.14%
Cash From Operating Activities $147.9M $76.70M $223.8M
YoY Change -33.91% 10.46%
INVESTING ACTIVITIES
Capital Expenditures -$78.50M -$11.10M -$49.00M
YoY Change 60.2% 20.1%
Acquisitions $0.00 $2.200M
YoY Change -100.0%
Other Investing Activities $7.800M $300.0K -$1.900M
YoY Change -510.53% -480.0%
Cash From Investing Activities -$70.70M -$10.80M -$50.90M
YoY Change 38.9% 26.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net $13.80M $67.90M
YoY Change -79.68% 117.63%
Cash From Financing Activities $29.20M -67.50M -$180.0M
YoY Change -116.22% 34.43%
NET CHANGE
Cash From Operating Activities $147.9M 76.70M $223.8M
Cash From Investing Activities -$70.70M -10.80M -$50.90M
Cash From Financing Activities $29.20M -67.50M -$180.0M
Net Change In Cash $106.4M -1.600M -$7.100M
YoY Change -1598.59% -125.0%
FREE CASH FLOW
Cash From Operating Activities $147.9M $76.70M $223.8M
Capital Expenditures -$78.50M -$11.10M -$49.00M
Free Cash Flow $226.4M $87.80M $272.8M
YoY Change -17.01% 12.08%

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CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Long Lived Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent
2600000 USD
CY2013Q4 us-gaap Due To Related Parties Current
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9100000 USD
CY2014Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.28
CY2013 us-gaap Earnings Per Share Basic
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3.32
CY2014 us-gaap Earnings Per Share Basic
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0.58
CY2012 us-gaap Earnings Per Share Diluted
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3.28
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.32
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-600000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3300000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1500000 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.336
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.321
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.703
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.019
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.021
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.035
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.032
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.003
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.176
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.026
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.026
CY2012 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.155
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.046
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
191200000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
222400000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
23100000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
25400000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6900000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11100000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14900000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20200000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
325700000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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324000000 USD
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134500000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
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101600000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets1
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-100000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-3400000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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-6700000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
1434100000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
1430100000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
1426100000 USD
CY2013 us-gaap Goodwill Acquired During Period
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2700000 USD
CY2013 us-gaap Goodwill Translation Adjustments
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-6700000 USD
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-4000000 USD
CY2012 us-gaap Gross Profit
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602500000 USD
CY2013 us-gaap Gross Profit
GrossProfit
612200000 USD
CY2014 us-gaap Gross Profit
GrossProfit
548600000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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119300000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
136800000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
91800000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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229800000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
227800000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
91200000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
110500000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
91000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-600000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77200000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73200000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64100000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
94300000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
74200000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
87600000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
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8000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
15100000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
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4500000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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-26400000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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19500000 USD
CY2013Q4 us-gaap Inventory Raw Materials
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42600000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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-15100000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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-8800000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
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-23800000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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900000 USD
CY2012 us-gaap Increase Decrease In Inventories
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15100000 USD
CY2013 us-gaap Increase Decrease In Inventories
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-14300000 USD
CY2014 us-gaap Increase Decrease In Inventories
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2900000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
900000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2000000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4800000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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141200000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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108300000 USD
CY2014 us-gaap Interest Costs Capitalized
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1000000 USD
CY2012 us-gaap Interest Expense
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800000 USD
CY2013 us-gaap Interest Expense
InterestExpense
100000 USD
CY2014 us-gaap Interest Expense
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6000000 USD
CY2013Q4 us-gaap Inventory Finished Goods
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191000000 USD
CY2014Q4 us-gaap Inventory Finished Goods
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195300000 USD
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312400000 USD
CY2014Q4 us-gaap Inventory Gross
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304800000 USD
CY2013Q4 us-gaap Inventory Lifo Reserve
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26800000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve
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21700000 USD
CY2013Q4 us-gaap Inventory Net
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285600000 USD
CY2014Q4 us-gaap Inventory Net
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283100000 USD
CY2014Q4 us-gaap Inventory Raw Materials
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49700000 USD
CY2013Q4 us-gaap Inventory Work In Process
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65200000 USD
CY2014Q4 us-gaap Inventory Work In Process
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48000000 USD
CY2012 us-gaap Investment Income Interest
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2600000 USD
CY2013 us-gaap Investment Income Interest
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2600000 USD
CY2014 us-gaap Investment Income Interest
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2900000 USD
CY2013Q4 us-gaap Liabilities
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404900000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
1036400000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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2484000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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2527600000 USD
CY2013Q4 us-gaap Liabilities Current
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310400000 USD
CY2014Q4 us-gaap Liabilities Current
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356000000 USD
CY2013Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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94500000 USD
CY2014Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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48100000 USD
CY2013Q4 us-gaap Long Term Debt
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11900000 USD
CY2014Q4 us-gaap Long Term Debt
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636200000 USD
CY2013Q4 us-gaap Long Term Debt Current
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11900000 USD
CY2014Q4 us-gaap Long Term Debt Current
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3900000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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4000000 USD
CY2012 us-gaap Net Income Loss
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152600000 USD
CY2013 us-gaap Net Income Loss
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154600000 USD
CY2014 us-gaap Net Income Loss
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27100000 USD
CY2014 us-gaap Number Of Operating Segments
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2 segment
CY2014 us-gaap Operating Income Loss
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94300000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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4000000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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632300000 USD
CY2013Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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25700000 USD
CY2014Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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0 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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-133900000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-180000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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29200000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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-50900000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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-70700000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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202600000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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223800000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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147900000 USD
CY2012 us-gaap Operating Income Loss
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228000000 USD
CY2013 us-gaap Operating Income Loss
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225300000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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700000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
3600000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
300000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-1700000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
-5400000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
4300000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
6600000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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-7100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
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79500000 USD
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11500000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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6200000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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8100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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9000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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9500000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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35200000 USD
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13000000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
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17000000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
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17000000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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22900000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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23600000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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2700000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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27900000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
0 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
0 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
400000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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0 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
400000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
6900000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
6900000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-22600000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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-14000000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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6900000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-22600000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-14000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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13800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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-28000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-10100000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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13500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-29700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-10800000 USD
CY2012 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
300000 USD
CY2013 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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1700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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700000 USD
CY2013Q4 us-gaap Other Inventory Supplies
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13600000 USD
CY2014Q4 us-gaap Other Inventory Supplies
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11800000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
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94500000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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48100000 USD
CY2012 us-gaap Other Operating Activities Cash Flow Statement
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100000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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900000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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3900000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
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-2100000 USD
CY2012 us-gaap Other Operating Income Expense Net
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1500000 USD
CY2013 us-gaap Other Operating Income Expense Net
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2400000 USD
CY2014 us-gaap Other Operating Income Expense Net
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3800000 USD
CY2013Q4 us-gaap Other Sundry Liabilities Noncurrent
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2700000 USD
CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
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18600000 USD
CY2014Q4 us-gaap Payments Of Debt Issuance Costs
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11800000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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11800000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2200000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
40800000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
49000000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
78500000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6500000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16800000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
7100000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
638000000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3200000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3500000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
500000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
772500000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
568700000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
324900000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
277800000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
31200000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
67900000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13800000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
33000000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37900000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
33600000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7300000 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
1684000000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
1677500000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
1672100000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
343000000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
351400000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
424500000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
5300000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
7900000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4900000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3914330 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
616000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.01
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
611000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.00
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.94
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
6400000 USD
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
34.98
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
34.94
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
611000 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y10M24D
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P8Y10M24D
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1997500000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2055700000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2079100000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1491200000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
12200000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23400000 USD
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
73000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18100000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19500000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1600000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
500000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1300000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
200000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1000000 USD
CY2014Q4 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000 USD
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46538000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46536000 shares
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We prepare our consolidated and combined financial statements in accordance with GAAP, which requires that we make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Estimates are used in accounting for, among other things, distributor rebate accruals, future cash flows associated with impairment testing for goodwill and long-lived assets, loss contingencies, and deferred tax assets and potential income tax assessments. Actual results could differ from these estimates, and the effect of the change could be material to our financial statements. Changes in these estimates are recorded when known.</font></div></div>

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