2018 Form 10-K Financial Statement

#000106223119000013 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017
Revenue $7.270B $1.734B $6.266B
YoY Change 16.03% 83.19% 58.71%
Cost Of Revenue $6.130B $1.440B $5.147B
YoY Change 19.1% 87.69% 59.75%
Gross Profit $1.140B $294.3M $1.119B
YoY Change 1.9% 63.96% 54.12%
Gross Profit Margin 15.69% 16.97% 17.86%
Selling, General & Admin $385.7M $62.50M $390.1M
YoY Change -1.13% 34.99% 24.16%
% of Gross Profit 33.82% 21.24% 34.86%
Research & Development $146.2M $38.50M $161.5M
YoY Change -9.47% 2.67% 15.52%
% of Gross Profit 12.82% 13.08% 14.43%
Depreciation & Amortization $528.8M $125.1M $428.5M
YoY Change 23.41% 143.39% 112.34%
% of Gross Profit 46.37% 42.51% 38.29%
Operating Expenses $531.9M $125.5M $551.6M
YoY Change -3.57% 49.76% 21.5%
Operating Profit $106.4M $168.8M $543.0M
YoY Change -80.41% 76.38% 42.63%
Interest Expense $216.3M -$55.00M $195.6M
YoY Change 10.58% 140.17% 109.42%
% of Operating Profit 203.29% -32.58% 36.02%
Other Income/Expense, Net -$220.3M $600.0K -$203.0M
YoY Change 8.52% -87.5% 148.47%
Pretax Income -$113.9M $93.40M $340.0M
YoY Change -133.5% 81.71% 13.71%
Income Tax -$57.10M $6.900M $2.500M
% Of Pretax Income 7.39% 0.74%
Net Earnings -$57.50M $106.3M $337.1M
YoY Change -117.06% 126.65% 40.05%
Net Earnings / Revenue -0.79% 6.13% 5.38%
Basic Earnings Per Share -$0.51 $0.93 $3.22
Diluted Earnings Per Share -$0.51 $0.93 $3.21
COMMON SHARES
Basic Shares Outstanding 111.6M shares 111.3M shares 102.3M shares
Diluted Shares Outstanding 111.6M shares 102.8M shares

Balance Sheet

Concept 2018 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $476.4M $376.8M $376.8M
YoY Change 26.43% -21.7% -21.7%
Cash & Equivalents $476.4M $376.8M $376.8M
Short-Term Investments
Other Short-Term Assets $127.2M $140.3M $140.3M
YoY Change -9.34% 85.09% 85.09%
Inventory $459.7M $392.0M $392.0M
Prepaid Expenses
Receivables $966.5M $1.036B $1.036B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.030B $1.945B $1.945B
YoY Change 4.36% 49.7% 49.7%
LONG-TERM ASSETS
Property, Plant & Equipment $2.514B $2.403B $2.403B
YoY Change 4.64% 119.7% 119.7%
Goodwill $1.654B
YoY Change 974.22%
Intangibles $1.213B
YoY Change 4154.39%
Long-Term Investments $0.00
YoY Change
Other Assets $713.6M $378.8M $668.1M
YoY Change 6.81% 55.95% -21.25%
Total Long-Term Assets $5.481B $5.938B $5.938B
YoY Change -7.69% 179.69% 179.48%
TOTAL ASSETS
Total Short-Term Assets $2.030B $1.945B $1.945B
Total Long-Term Assets $5.481B $5.938B $5.938B
Total Assets $7.511B $7.883B $7.883B
YoY Change -4.72% 130.34% 130.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $840.2M $799.0M $799.0M
YoY Change 5.16% 109.0% 109.0%
Accrued Expenses $350.7M $377.4M $377.4M
YoY Change -7.07% 56.4% 56.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $121.6M $5.900M $5.900M
YoY Change 1961.02% 78.79% 78.79%
Total Short-Term Liabilities $1.357B $1.216B $1.216B
YoY Change 11.54% 86.71% 86.71%
LONG-TERM LIABILITIES
Long-Term Debt $3.687B $3.969B $3.969B
YoY Change -7.12% 183.34% 183.34%
Other Long-Term Liabilities $888.2M $1.157B $1.055B
YoY Change -15.84% 33.66% 24.06%
Total Long-Term Liabilities $4.575B $1.157B $5.025B
YoY Change -8.95% 33.66% 123.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.357B $1.216B $1.216B
Total Long-Term Liabilities $4.575B $1.157B $5.025B
Total Liabilities $6.027B $6.343B $6.347B
YoY Change -5.04% 117.36% 117.5%
SHAREHOLDERS EQUITY
Retained Earnings $761.0M
YoY Change 79.52%
Common Stock $1.265B
YoY Change 91.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $198.1M
YoY Change 3.66%
Treasury Stock Shares 6.900M shares
Shareholders Equity $1.484B $1.536B $1.536B
YoY Change
Total Liabilities & Shareholders Equity $7.511B $7.883B $7.883B
YoY Change -4.72% 130.34% 130.23%

Cashflow Statement

Concept 2018 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$57.50M $106.3M $337.1M
YoY Change -117.06% 126.65% 40.05%
Depreciation, Depletion And Amortization $528.8M $125.1M $428.5M
YoY Change 23.41% 143.39% 112.34%
Cash From Operating Activities $771.5M $226.3M $647.0M
YoY Change 19.24% 94.08% 58.73%
INVESTING ACTIVITIES
Capital Expenditures $524.7M -$199.7M $477.7M
YoY Change 9.84% 189.84% 114.22%
Acquisitions $1.300M $895.5M
YoY Change -99.85% 15891.07%
Other Investing Activities $0.00 $800.0K $0.00
YoY Change -20.0% -100.0%
Cash From Investing Activities -$478.2M -$198.9M -$1.378B
YoY Change -65.3% 192.93% 505.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.700M $7.000M
YoY Change -47.14% 34.62%
Debt Paid & Issued, Net $681.2M $2.154B
YoY Change -68.38% 30677.14%
Cash From Financing Activities -$184.5M -201.0M $615.6M
YoY Change -129.97% -25225.0% 3245.65%
NET CHANGE
Cash From Operating Activities $771.5M 226.3M $647.0M
Cash From Investing Activities -$478.2M -198.9M -$1.378B
Cash From Financing Activities -$184.5M -201.0M $615.6M
Net Change In Cash $102.1M -173.6M -$115.5M
YoY Change -188.4% -450.71% -158.25%
FREE CASH FLOW
Cash From Operating Activities $771.5M $226.3M $647.0M
Capital Expenditures $524.7M -$199.7M $477.7M
Free Cash Flow $246.8M $426.0M $169.3M
YoY Change 45.78% 129.65% -8.29%

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1200000 USD
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CY2018 us-gaap Business Combination Integration Related Costs
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376800000 USD
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CY2018Q4 us-gaap Construction In Progress Gross
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511100000 USD
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47900000 USD
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3221900000 USD
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CY2018 us-gaap Cost Of Goods And Services Sold
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87100000 USD
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62400000 USD
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46500000 USD
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27900000 USD
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CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2018 us-gaap Current State And Local Tax Expense Benefit
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CY2017Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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77600000 USD
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14800000 USD
CY2018 us-gaap Deferred Revenue Period Increase Decrease
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10700000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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26100000 USD
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1200000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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CY2018Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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CY2018Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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488100000 USD
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623200000 USD
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CY2017 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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CY2018Q4 us-gaap Equity Method Investments
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CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5800000 USD
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CY2018 us-gaap Gain Loss On Sale Of Business
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15500000 USD
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3200000 USD
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400000000 USD
CY2017 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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27500000 USD
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15100000 USD
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90000000 USD
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299000000 USD
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340000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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209000000 USD
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377100000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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435500000 USD
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299000000 USD
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340000000 USD
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CY2016 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2018 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2016 us-gaap Income Tax Expense Benefit
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58300000 USD
CY2017 us-gaap Income Tax Expense Benefit
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2500000 USD
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CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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12900000 USD
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CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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104700000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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119000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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21600000 USD
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14400000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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700000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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CY2016 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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600000 USD
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2018 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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4100000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
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1600000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
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13500000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2016 us-gaap Income Tax Reconciliation Tax Credits
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3300000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits
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8800000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
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20100000 USD
CY2016 us-gaap Income Taxes Paid Net
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48600000 USD
CY2017 us-gaap Income Taxes Paid Net
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31900000 USD
CY2018 us-gaap Income Taxes Paid Net
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46000000 USD
CY2017Q4 us-gaap Income Taxes Receivable
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30000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-14200000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-12600000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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7500000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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19300000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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44900000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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CY2016 us-gaap Increase Decrease In Deferred Income Taxes
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CY2017 us-gaap Increase Decrease In Deferred Income Taxes
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154200000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
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35000000 USD
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-12200000 USD
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-2500000 USD
CY2018 us-gaap Increase Decrease In Inventories
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83100000 USD
CY2018Q4 us-gaap Number Of Countries In Which Entity Operates
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17 Countries
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380700000 USD
CY2017 us-gaap Operating Income Loss
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543000000 USD
CY2018 us-gaap Operating Income Loss
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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32600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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7500000 USD
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70100000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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-31400000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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175500000 USD
CY2018 us-gaap Increase Decrease In Receivables
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CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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500000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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500000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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1111100000 USD
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6500000 USD
CY2017 us-gaap Interest Costs Capitalized
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18300000 USD
CY2018 us-gaap Interest Costs Capitalized
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28400000 USD
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93400000 USD
CY2017 us-gaap Interest Expense
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195600000 USD
CY2018 us-gaap Interest Expense
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216300000 USD
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87200000 USD
CY2017 us-gaap Interest Paid Net
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182700000 USD
CY2018 us-gaap Interest Paid Net
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199700000 USD
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89600000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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99000000 USD
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409300000 USD
CY2018Q4 us-gaap Inventory Gross
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474100000 USD
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392000000 USD
CY2018Q4 us-gaap Inventory Net
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459700000 USD
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17300000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
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14400000 USD
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319700000 USD
CY2018Q4 us-gaap Inventory Work In Process And Raw Materials
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375100000 USD
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2900000 USD
CY2017 us-gaap Investment Income Interest
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2900000 USD
CY2018 us-gaap Investment Income Interest
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2000000 USD
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58000000 USD
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53600000 USD
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20800000 USD
CY2018Q4 us-gaap Land Improvements
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22000000 USD
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6342800000 USD
CY2018Q4 us-gaap Liabilities
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6024400000 USD
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7882800000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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7510700000 USD
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1216400000 USD
CY2018Q4 us-gaap Liabilities Current
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1356800000 USD
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4044900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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3753900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3875500000 USD
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5900000 USD
CY2018Q4 us-gaap Long Term Debt Current
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121600000 USD
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3049300000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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152200000 USD
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15500000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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530000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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91500000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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37000000 USD
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0.066
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0.057
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.059
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4000000 USD
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2400000 USD
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18400000 USD
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615600000 USD
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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407600000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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647000000 USD
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771500000 USD
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240700000 USD
CY2017 us-gaap Net Income Loss
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337100000 USD
CY2018 us-gaap Net Income Loss
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-57500000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
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400000 USD
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700000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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235200000 USD
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329600000 USD
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-57500000 USD
CY2016 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
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0 USD
CY2017 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
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3700000 USD
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
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0 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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19000000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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103000000 USD
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84100000 USD
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1755200000 USD
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5900700000 USD
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5435400000 USD
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-81700000 USD
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-203000000 USD
CY2018 us-gaap Nonoperating Income Expense
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-220300000 USD
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12600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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16200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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24300000 USD
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26900000 USD
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28600000 USD
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36900000 USD
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CY2018Q4 us-gaap Other Assets Current
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378800000 USD
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448700000 USD
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CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-8500000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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38100000 USD
CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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4700000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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3400000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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-9800000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-3200000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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88300000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-62500000 USD
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96900000 USD
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-18900000 USD
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-10300000 USD
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17100000 USD
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5500000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-200000 USD
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500000 USD
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177400000 USD
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171700000 USD
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1157100000 USD
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980800000 USD
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8800000 USD
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0 USD
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0 USD
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5200000 USD
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7000000 USD
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3700000 USD
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1000000 USD
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25400000 USD
CY2018 us-gaap Payments For Restructuring
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10500000 USD
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0 USD
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240700000 USD
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337500000 USD
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91000000 USD
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6900000 USD
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5600000 USD
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895500000 USD
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1300000 USD
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4600000 USD
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13300000 USD
CY2018 us-gaap Payments To Acquire Equipment On Lease
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500000 USD
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3700000 USD
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223000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
477700000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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524700000 USD
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0 USD
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0 USD
CY2018 us-gaap Payments To Minority Shareholders
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2300000 USD
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0 USD
CY2018Q4 us-gaap Preferred Stock Value Outstanding
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0 USD
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140300000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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127200000 USD
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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5900000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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47100000 USD
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30300000 USD
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2862700000 USD
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509600000 USD
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23300000 USD
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712700000 USD
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0 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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4400000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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0 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1700000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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2500000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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4900000 USD
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300000 USD
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900000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2016Q4 us-gaap Product Warranty Accrual
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42900000 USD
CY2017Q4 us-gaap Product Warranty Accrual
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49500000 USD
CY2018Q4 us-gaap Product Warranty Accrual
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57700000 USD
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5600000 USD
CY2018 us-gaap Product Warranty Accrual Payments
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10700000 USD
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-9200000 USD
CY2018 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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400000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
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20600000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
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19100000 USD
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-600000 USD
CY2017 us-gaap Stock Issued During Period Shares Acquisitions
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34300000 shares
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4075100000 USD
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4431000000 USD
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2402900000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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2514400000 USD
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1035900000 USD
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966500000 USD
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7000000 USD
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2154400000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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681200000 USD
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139800000 USD
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161500000 USD
CY2018 us-gaap Research And Development Expense
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146200000 USD
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15300000 USD
CY2017 us-gaap Restructuring Charges
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17400000 USD
CY2018 us-gaap Restructuring Charges
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44200000 USD
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0 USD
CY2016Q4 us-gaap Restructuring Reserve
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9800000 USD
CY2017Q4 us-gaap Restructuring Reserve
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300000 USD
CY2018Q4 us-gaap Restructuring Reserve
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4000000 USD
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4500000 USD
CY2017 us-gaap Restructuring Reserve Settled Without Cash2
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1500000 USD
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30000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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761000000 USD
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703500000 USD
CY2016 us-gaap Revenue From Related Parties
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0 USD
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2018 us-gaap Revenue Performance Obligation Description Of Payment Terms
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50 days
CY2016 us-gaap Revenues
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3948000000 USD
CY2017 us-gaap Revenues
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6266000000 USD
CY2018 us-gaap Revenues
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7270400000 USD
CY2016 us-gaap Selling General And Administrative Expense
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314200000 USD
CY2017 us-gaap Selling General And Administrative Expense
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390100000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
385700000 USD
CY2017 us-gaap Severance Costs1
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7200000 USD
CY2018 us-gaap Severance Costs1
SeveranceCosts1
500000 USD
CY2016 us-gaap Share Based Compensation
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21000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
43400000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
27900000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
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20000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
8800000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
6100000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5300000 shares
CY2017 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
800000 USD
CY2016 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
700000 shares
CY2017 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
800000 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
700000 shares
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
576700000 USD
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2017Q4 us-gaap Stockholders Equity
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1536000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1483900000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1540000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1486300000 USD
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
198100000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
201800000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
93100000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
80700000 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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5500000 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7500000 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
41600000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
28200000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
47700000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
38700000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
3300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
400000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
16900000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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22900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
17300000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3700000 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6900000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2500000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-1500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
3100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
8300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
9300000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
400000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
42400000 USD
CY2017Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
356400000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
287200000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
16000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76900000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111600000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76400000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102300000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111600000 shares
CY2018 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CUSTOMER TOOLING AND PRE-PRODUCTION COSTS RELATED TO LONG-TERM SUPPLY AGREEMENTS </font><font style="font-family:Arial;font-size:10pt;">Engineering, R&amp;D, and other pre-production design and development costs for products sold on long-term supply arrangements are expensed as incurred unless we have a contractual guarantee for reimbursement from the customer. Reimbursements received for pre-production costs relating to awarded programs are deferred and recognized into revenue over the life of the associated program. Reimbursements received for pre-production costs relating to future programs that have not been awarded, or amounts received for programs that become discontinued prior to production, are recorded as a reduction of expense. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Costs for tooling used to make products sold on long-term supply arrangements for which we have either title to the assets or the noncancelable right to use the assets during the term of the supply arrangement are capitalized in property, plant and equipment. Reimbursable costs for tooling assets for which our customer has title and we do not have a noncancelable right to use during the term of the supply arrangement, are recorded in accounts receivable in our consolidated balance sheets. The reimbursement for the customer-owned tooling is recorded as a reduction of accounts receivable upon collection. Capitalized items and customer receipts in excess of tooling costs specifically related to a supply arrangement are amortized over the shorter of the term of the arrangement or over the estimated useful lives of the related assets. </font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">USE OF ESTIMATES </font><font style="font-family:Arial;font-size:10pt;">In order to prepare consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP), we are required to make estimates and assumptions that affect the reported amounts and disclosures in our consolidated financial statements. Actual results could differ from those estimates.</font></div></div>

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