2015 Q2 Form 10-K Financial Statement

#000001469316000160 Filed on June 16, 2016

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2 2014
Revenue $739.0M $689.0M $3.946B
YoY Change 7.26% 4.46% 4.28%
Cost Of Revenue $213.0M $196.0M $913.0M
YoY Change 8.67% -2.0% 2.13%
Gross Profit $526.0M $493.0M $2.078B
YoY Change 6.69% 7.27% 6.29%
Gross Profit Margin 71.18% 71.55% 52.66%
Selling, General & Admin $288.0M $314.0M $686.0M
YoY Change -8.28% 12.54% 5.54%
% of Gross Profit 54.75% 63.69% 33.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.00M $14.00M $50.00M
YoY Change -7.14% -6.67% -1.96%
% of Gross Profit 2.47% 2.84% 2.41%
Operating Expenses $295.0M $299.0M $686.0M
YoY Change -1.34% 5.8% 5.54%
Operating Profit $231.0M $194.0M $971.0M
YoY Change 19.07% 9.6% 8.13%
Interest Expense -$4.000M -$12.00M $26.00M
YoY Change -66.67% -25.0% -27.78%
% of Operating Profit -1.73% -6.19% 2.68%
Other Income/Expense, Net
YoY Change
Pretax Income $227.0M $182.0M $797.0M
YoY Change 24.73% 13.04% 6.13%
Income Tax $86.00M $49.00M $288.0M
% Of Pretax Income 37.89% 26.92% 36.14%
Net Earnings $141.0M $133.0M $659.0M
YoY Change 6.02% 17.7% 11.51%
Net Earnings / Revenue 19.08% 19.3% 16.7%
Basic Earnings Per Share $3.08
Diluted Earnings Per Share $267.0K $247.4K $3.06
COMMON SHARES
Basic Shares Outstanding 213.5M shares
Diluted Shares Outstanding 215.1M shares

Balance Sheet

Concept 2015 Q2 2014 Q2 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $370.0M $437.0M $437.0M
YoY Change -15.33% 114.22% 114.22%
Cash & Equivalents $370.0M $437.0M $437.0M
Short-Term Investments
Other Short-Term Assets $151.0M $84.00M $289.0M
YoY Change 79.76% -6.67% 19.42%
Inventory $953.0M $882.0M $882.0M
Prepaid Expenses
Receivables $583.0M $569.0M $569.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.254B $2.177B $2.177B
YoY Change 3.54% 19.55% 19.55%
LONG-TERM ASSETS
Property, Plant & Equipment $586.0M $526.0M $526.0M
YoY Change 11.41% 16.89% 16.89%
Goodwill $607.0M $620.0M
YoY Change -2.1% 0.49%
Intangibles $611.0M $677.0M
YoY Change -9.75% 1.35%
Long-Term Investments
YoY Change
Other Assets $112.0M $85.00M $103.0M
YoY Change 31.76% 51.79% 47.14%
Total Long-Term Assets $1.934B $1.926B $1.926B
YoY Change 0.42% 6.7% 6.7%
TOTAL ASSETS
Total Short-Term Assets $2.254B $2.177B $2.177B
Total Long-Term Assets $1.934B $1.926B $1.926B
Total Assets $4.188B $4.103B $4.103B
YoY Change 2.07% 13.15% 13.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.0M $134.0M $134.0M
YoY Change -8.21% -70.29% 0.75%
Accrued Expenses $374.0M $340.0M $343.0M
YoY Change 10.0% 6.92% 7.86%
Deferred Revenue
YoY Change
Short-Term Debt $190.0M $8.000M $8.000M
YoY Change 2275.0% 166.67% 166.67%
Long-Term Debt Due $250.0M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $958.0M $561.0M $561.0M
YoY Change 70.77% 18.6% 18.6%
LONG-TERM LIABILITIES
Long-Term Debt $743.0M $997.0M $997.0M
YoY Change -25.48% 0.0% 0.0%
Other Long-Term Liabilities $164.0M $167.0M $411.0M
YoY Change -1.8% 145.59% 18.1%
Total Long-Term Liabilities $907.0M $1.164B $1.408B
YoY Change -22.08% 9.3% 4.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $958.0M $561.0M $561.0M
Total Long-Term Liabilities $907.0M $1.164B $1.408B
Total Liabilities $2.283B $2.071B $2.071B
YoY Change 10.24% 3.65% 3.65%
SHAREHOLDERS EQUITY
Retained Earnings $3.300B $2.894B
YoY Change 14.03% 15.76%
Common Stock $99.00M $81.00M
YoY Change 22.22% 14.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.228B $789.0M
YoY Change 55.64% 3.0%
Treasury Stock Shares 18.61M shares 13.86M shares
Shareholders Equity $1.905B $2.032B $2.032B
YoY Change
Total Liabilities & Shareholders Equity $4.188B $4.103B $4.103B
YoY Change 2.07% 13.15% 13.15%

Cashflow Statement

Concept 2015 Q2 2014 Q2 2014
OPERATING ACTIVITIES
Net Income $141.0M $133.0M $659.0M
YoY Change 6.02% 17.7% 11.51%
Depreciation, Depletion And Amortization $13.00M $14.00M $50.00M
YoY Change -7.14% -6.67% -1.96%
Cash From Operating Activities $233.0M $259.0M $649.0M
YoY Change -10.04% 52.35% 20.86%
INVESTING ACTIVITIES
Capital Expenditures -$29.00M -$40.00M $126.0M
YoY Change -27.5% 5.26% 32.63%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.000M $2.000M
YoY Change -100.0%
Cash From Investing Activities -$29.00M -$38.00M -$127.0M
YoY Change -23.68% 0.0% 30.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $49.00M
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change -99.21%
Cash From Financing Activities -82.00M -74.00M -288.0M
YoY Change 10.81% -76.51% -50.0%
NET CHANGE
Cash From Operating Activities 233.0M 259.0M 649.0M
Cash From Investing Activities -29.00M -38.00M -127.0M
Cash From Financing Activities -82.00M -74.00M -288.0M
Net Change In Cash 122.0M 147.0M 234.0M
YoY Change -17.01% -180.33% -134.77%
FREE CASH FLOW
Cash From Operating Activities $233.0M $259.0M $649.0M
Capital Expenditures -$29.00M -$40.00M $126.0M
Free Cash Flow $262.0M $299.0M $523.0M
YoY Change -12.37% 43.75% 18.33%

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CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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163000000 USD
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150000000 USD
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1002000000 USD
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375000000 USD
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430000000 USD
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29000000 USD
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50000000 USD
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60000000 USD
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67000000 USD
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102000000 USD
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127000000 USD
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43000000 USD
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30000000 USD
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57000000 USD
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16000000 USD
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1490000 shares
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1303000 shares
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595000000 USD
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26000000 USD
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46000000 USD
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28000000 USD
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27000000 USD
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41000000 USD
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200000000 USD
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187000000 USD
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1054000000 USD
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61000000 USD
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85000000 USD
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121000000 USD
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116000000 USD
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2000000 USD
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2000000 USD
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2000000 USD
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72000000 USD
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LeaseAndRentalExpense
24000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
23000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
23000000 USD
CY2015Q2 us-gaap Liabilities
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2283000000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
2621000000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4188000000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4183000000 USD
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958000000 USD
CY2016Q2 us-gaap Liabilities Current
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791000000 USD
CY2015Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
48000000 USD
CY2016Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
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64000000 USD
CY2015Q2 us-gaap Long Term Debt
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993000000 USD
CY2016Q2 us-gaap Long Term Debt
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1230000000 USD
CY2015Q2 us-gaap Long Term Debt Current
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250000000 USD
CY2016Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
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735000000 USD
CY2016Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1293000000 USD
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1000000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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250000000 USD
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CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1230000000 USD
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561000000 USD
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619000000 USD
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P36M
CY2016 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
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P36M
CY2016Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
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0.1
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
433000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
649000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
608000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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524000000 USD
CY2014 us-gaap Net Income Loss
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659000000 USD
CY2015 us-gaap Net Income Loss
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684000000 USD
CY2016 us-gaap Net Income Loss
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1067000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
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18000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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2000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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5000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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8000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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10000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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3000000 USD
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501000000 USD
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77000000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
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84000000 USD
CY2015Q2 us-gaap Other Assets Current
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151000000 USD
CY2016Q2 us-gaap Other Assets Current
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149000000 USD
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112000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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119000000 USD
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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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30000000 USD
CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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10000000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
32000000 USD
CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-22000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
41000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2016 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
6000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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23000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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23000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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60000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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24000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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37000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
1000000 USD
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OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
19000000 USD
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96000000 USD
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30000000 USD
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56000000 USD
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20000000 USD
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3000000 USD
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CY2015 us-gaap Other Income Tax Expense Benefit Continuing Operations
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CY2016 us-gaap Other Income Tax Expense Benefit Continuing Operations
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666000000 USD
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164000000 USD
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146000000 USD
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CY2016 us-gaap Other Noncash Income Expense
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15000000 USD
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9000000 USD
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49000000 USD
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462000000 USD
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1107000000 USD
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2000000 USD
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1000000 USD
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2000000 USD
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5000000 USD
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233000000 USD
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256000000 USD
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266000000 USD
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307000000 USD
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1000000 USD
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4000000 USD
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PaymentsToAcquireIntangibleAssets
0 USD
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126000000 USD
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120000000 USD
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108000000 USD
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311000000 USD
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353000000 USD
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0.59
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332000000 USD
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357000000 USD
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181000000 USD
CY2016Q2 us-gaap Prepaid Taxes
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208000000 USD
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0 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
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543000000 USD
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0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
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490000000 USD
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5000000 USD
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183000000 USD
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80000000 USD
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2000000 USD
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0 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
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1140000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
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1217000000 USD
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586000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
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629000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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2000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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CY2016 us-gaap Repayments Of Long Term Debt
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250000000 USD
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3300000000 USD
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4065000000 USD
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3946000000 USD
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4096000000 USD
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4011000000 USD
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686000000 USD
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697000000 USD
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688000000 USD
CY2014 us-gaap Share Based Compensation
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13000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
15000000 USD
CY2016 us-gaap Share Based Compensation
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15000000 USD
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0.018
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.017
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.016
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.225
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.223
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.191
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.019
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y9M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y9M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y9M
CY2015Q2 us-gaap Short Term Borrowings
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190000000 USD
CY2016Q2 us-gaap Short Term Borrowings
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271000000 USD
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190000000 USD
CY2016Q2 us-gaap Shortterm Debt Fair Value
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271000000 USD
CY2016Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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0 USD
CY2014Q2 us-gaap Stockholders Equity
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2032000000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
1905000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1562000000 USD
CY2015Q2 us-gaap Treasury Stock Shares
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18613000 shares
CY2016Q2 us-gaap Treasury Stock Shares
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29571000 shares
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1228000000 USD
CY2016Q2 us-gaap Treasury Stock Value
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2301000000 USD
CY2015Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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803000000 USD
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1005000000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits
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11000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
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11000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
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13000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
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9000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
1000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
10000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
1000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
4000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
3000000 USD
CY2016Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
1000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215082000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213083000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
204280000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213454000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211593000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202977000 shares
CY2016 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:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates. </font><font style="font-family:inherit;font-size:10pt;">To prepare financial statements that conform with GAAP, our management must make informed estimates that affect how we report revenues, expenses, assets, and liabilities, including contingent assets and liabilities. Actual results could (and probably will) differ from these estimates.</font></div></div>

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