2017 Q2 Form 10-K Financial Statement

#000162828017007184 Filed on July 21, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2 2016 Q1
Revenue $1.862B $2.053B $2.199B
YoY Change -9.32% 822.7% -24.35%
Cost Of Revenue $1.331B $1.453B $1.580B
YoY Change -8.38% 181462.5% -27.79%
Gross Profit $529.0M $580.1M $619.8M
YoY Change -8.81% 161.66% -13.92%
Gross Profit Margin 28.41% 28.26% 28.18%
Selling, General & Admin $378.9M $739.9M $447.0M
YoY Change -48.79% 211.14% 24.06%
% of Gross Profit 71.63% 127.55% 72.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.20M $67.90M $69.40M
YoY Change 0.44% -208.64% -52.17%
% of Gross Profit 12.89% 11.7% 11.2%
Operating Expenses $378.9M $739.9M $447.0M
YoY Change -48.79% 211.14% 24.06%
Operating Profit $150.1M -$159.8M $324.7M
YoY Change -193.93% 892.55% -138.1%
Interest Expense -$33.80M -$72.20M -$73.80M
YoY Change -53.19% -10.2% -191.91%
% of Operating Profit -22.52% -22.73%
Other Income/Expense, Net
YoY Change
Pretax Income $73.70M -$211.6M $96.40M
YoY Change -134.83% 119.27% -65.56%
Income Tax -$60.80M -$79.60M $33.60M
% Of Pretax Income -82.5% 34.85%
Net Earnings $151.3M $117.6M $204.6M
YoY Change 28.66% -43.79% -121.44%
Net Earnings / Revenue 8.13% 5.73% 9.3%
Basic Earnings Per Share $0.36 $0.27 $0.46
Diluted Earnings Per Share $0.36 $0.27 $0.46
COMMON SHARES
Basic Shares Outstanding 416.6M shares 438.7M shares 435.7M shares
Diluted Shares Outstanding 439.6M shares

Balance Sheet

Concept 2017 Q2 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $251.0M $798.0M $503.0M
YoY Change -68.55% 383.64% 267.15%
Cash & Equivalents $251.4M $798.1M $466.0M
Short-Term Investments
Other Short-Term Assets $228.7M $148.6M $335.6M
YoY Change 53.9% -11.65% -5.6%
Inventory $927.9M $1.044B $1.836B
Prepaid Expenses
Receivables $563.0M $650.0M $850.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.013B $3.577B $3.528B
YoY Change -43.71% 0.38% -10.09%
LONG-TERM ASSETS
Property, Plant & Equipment $1.633B $1.698B $2.646B
YoY Change -3.81% -35.8% -26.1%
Goodwill $4.281B $4.316B $4.682B
YoY Change -0.81% -0.29% -25.74%
Intangibles $1.224B $1.223B $1.372B
YoY Change 0.03% -3.87% -55.21%
Long-Term Investments
YoY Change
Other Assets $790.6M $905.5M $960.0M
YoY Change -12.69% -2.3% -3.8%
Total Long-Term Assets $8.083B $9.814B $9.660B
YoY Change -17.64% -29.27% -30.73%
TOTAL ASSETS
Total Short-Term Assets $2.013B $3.577B $3.528B
Total Long-Term Assets $8.083B $9.814B $9.660B
Total Assets $10.10B $13.39B $13.19B
YoY Change -24.6% -23.21% -26.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $773.1M $706.7M $1.008B
YoY Change 9.4% -34.56% -24.48%
Accrued Expenses $718.0M $788.0M $989.0M
YoY Change -8.88% -4.6% 8.21%
Deferred Revenue
YoY Change
Short-Term Debt $28.00M $0.00 $37.00M
YoY Change -91.63%
Long-Term Debt Due $199.0M $559.4M $560.0M
YoY Change -64.43% -44.49% -44.5%
Total Short-Term Liabilities $1.721B $2.532B $2.616B
YoY Change -32.06% -23.49% -29.63%
LONG-TERM LIABILITIES
Long-Term Debt $2.769B $4.881B $4.903B
YoY Change -43.27% -29.14% -29.14%
Other Long-Term Liabilities $1.529B $1.876B $1.936B
YoY Change -18.49% -2.1% -28.15%
Total Long-Term Liabilities $4.298B $6.757B $1.936B
YoY Change -36.39% -23.26% -28.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.721B $2.532B $2.616B
Total Long-Term Liabilities $4.298B $6.757B $1.936B
Total Liabilities $6.019B $9.596B $9.455B
YoY Change -37.28% -25.2% -29.07%
SHAREHOLDERS EQUITY
Retained Earnings $4.247B $3.218B $3.211B
YoY Change 31.96% -25.69% -24.08%
Common Stock $4.012B $3.976B $3.947B
YoY Change 0.9% 2.23% 1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.055B $3.136B $3.176B
YoY Change 29.29% -6.79% -6.3%
Treasury Stock Shares 151.4M shares 129.8M shares 131.5M shares
Shareholders Equity $3.991B $3.714B $3.654B
YoY Change
Total Liabilities & Shareholders Equity $10.10B $13.39B $13.19B
YoY Change -24.6% -23.21% -26.2%

Cashflow Statement

Concept 2017 Q2 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income $151.3M $117.6M $204.6M
YoY Change 28.66% -43.79% -121.44%
Depreciation, Depletion And Amortization $68.20M $67.90M $69.40M
YoY Change 0.44% -208.64% -52.17%
Cash From Operating Activities $323.7M $484.0M $472.1M
YoY Change -33.12% -34.6% 46.25%
INVESTING ACTIVITIES
Capital Expenditures -$83.60M -$106.4M -$60.70M
YoY Change -21.43% 224.39% -47.81%
Acquisitions
YoY Change
Other Investing Activities -$211.6M -$22.60M $2.554B
YoY Change 836.28% -83.97% 15963.52%
Cash From Investing Activities -$295.2M -$129.0M $2.493B
YoY Change 128.84% -25.78% -2583.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -462.1M -60.20M -2.506B
YoY Change 667.61% -88.41% 1148.11%
NET CHANGE
Cash From Operating Activities 323.7M 484.0M 472.1M
Cash From Investing Activities -295.2M -129.0M 2.493B
Cash From Financing Activities -462.1M -60.20M -2.506B
Net Change In Cash -433.6M 294.8M 459.3M
YoY Change -247.08% 528.57% 2026.39%
FREE CASH FLOW
Cash From Operating Activities $323.7M $484.0M $472.1M
Capital Expenditures -$83.60M -$106.4M -$60.70M
Free Cash Flow $407.3M $590.4M $532.8M
YoY Change -31.01% -23.61% 21.34%

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6400000 USD
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26700000 USD
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40400000 USD
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68200000 USD
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398600000 USD
CY2016 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
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372000000 USD
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374900000 USD
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179600000 USD
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149300000 USD
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162100000 USD
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P15Y
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145900000 USD
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181100000 USD
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35000000 USD
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33300000 USD
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579900000 USD
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0 USD
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Business
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0 USD
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0 USD
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197400000 USD
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296600000 USD
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313300000 USD
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174300000 USD
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4000000 USD
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198900000 USD
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529000000 USD
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126600000 USD
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544100000 USD
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2500000 USD
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174900000 USD
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800700000 USD
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584600000 USD
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1900000 USD
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1900000 USD
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664000000 USD
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108800000 USD
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729500000 USD
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451300000 USD
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80100000 USD
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71400000 USD
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128500000 USD
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98600000 USD
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114300000 USD
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179500000 USD
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153600000 USD
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546000000 USD
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1.05
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0.29
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1.26
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79200000 USD
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79400000 USD
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66100000 USD
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71200000 USD
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100000 USD
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25700000 USD
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3000000 USD
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244000000 USD
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46400000 USD
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254700000 USD
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484800000 USD
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341200000 USD
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CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1200000 USD
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232400000 USD
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61200000 USD
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280200000 USD
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6600000 USD
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104700000 USD
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0 USD
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5300000 USD
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15000000 USD
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22400000 USD
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4400000 USD
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2300000 USD
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2300000 USD
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291300000 USD
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213000000 USD
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71000000 USD
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156800000 USD
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60300000 USD
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68900000 USD
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63300000 USD
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19000000 USD
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6600000 USD
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7800000 USD
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5000000 USD
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203600000 USD
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2800000 USD
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1900000 USD
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600000 USD
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333500000 USD
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322000000 USD
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223700000 USD
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679500000 USD
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612900000 USD
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1044100000 USD
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934200000 USD
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204500000 USD
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182100000 USD
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110300000 USD
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91900000 USD
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1000000 USD
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1200000 USD
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3700000 USD
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106900000 USD
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111800000 USD
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9595800000 USD
CY2017Q2 us-gaap Liabilities
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6018500000 USD
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13390600000 USD
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10096300000 USD
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2532400000 USD
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1720500000 USD
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40600000 USD
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48500000 USD
CY2016Q2 us-gaap Long Term Debt
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5440000000 USD
CY2017Q2 us-gaap Long Term Debt
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2970000000 USD
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559400000 USD
CY2017Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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199000000 USD
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559400000 USD
CY2017Q2 us-gaap Long Term Debt Current
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199000000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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199200000 USD
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8600000 USD
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0 USD
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11800000 USD
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11100000 USD
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13900000 USD
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0 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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14500000 USD
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0 USD
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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0 USD
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0 USD
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
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0 USD
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37700000 USD
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58200000 USD
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22900000 USD
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32500000 USD
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CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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36700000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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14800000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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500000 USD
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2100000 USD
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200000 USD
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300000 USD
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1300000 USD
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100000 USD
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200000 USD
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800000 USD
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100000 USD
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800000 USD
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10400000 USD
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500000 USD
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6400000 USD
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300000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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4000000 USD
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
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700000 USD
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100000 USD
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500000 USD
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400000 USD
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100000 USD
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300000 USD
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300000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
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200000 USD
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53600000 USD
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39900000 USD
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100000 USD
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50000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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391400000 USD
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0 USD
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0 USD
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CY2017 us-gaap Proceeds From Issuance Of Common Stock
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550000000 USD
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Other Long Term Debt
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