2015 Q2 Form 10-K Financial Statement

#000072137116000277 Filed on August 12, 2016

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q4
Revenue $27.55B $25.38B $25.54B
YoY Change 20.32% 18.43% 14.82%
Cost Of Revenue $26.09B $23.92B $24.08B
YoY Change 20.57% 18.81% 15.26%
Gross Profit $1.458B $1.459B $1.454B
YoY Change 16.08% 12.49% 8.1%
Gross Profit Margin 5.29% 5.75% 5.69%
Selling, General & Admin $847.0M $803.0M $815.0M
YoY Change 6.54% 9.1% 6.4%
% of Gross Profit 58.09% 55.04% 56.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.0M $116.0M $112.0M
YoY Change 0.0% 5.45% -4.27%
% of Gross Profit 7.89% 7.95% 7.7%
Operating Expenses $847.0M $803.0M $815.0M
YoY Change 6.54% 9.1% 6.4%
Operating Profit $611.0M $591.0M $546.0M
YoY Change 32.54% 16.34% 5.2%
Interest Expense -$36.00M $35.00M $36.00M
YoY Change 9.09% 2.94% 9.09%
% of Operating Profit -5.89% 5.92% 6.59%
Other Income/Expense, Net $1.000M $2.000M $1.000M
YoY Change -66.67% -93.94% -83.33%
Pretax Income $523.0M $558.0M $451.0M
YoY Change 46.5% 10.06% -8.33%
Income Tax $231.0M $193.0M $162.0M
% Of Pretax Income 44.17% 34.59% 35.92%
Net Earnings $295.0M $365.0M $289.0M
YoY Change 26.07% 15.87% 3.96%
Net Earnings / Revenue 1.07% 1.44% 1.13%
Basic Earnings Per Share $1.10 $0.87
Diluted Earnings Per Share $888.6K $1.09 $0.86
COMMON SHARES
Basic Shares Outstanding 330.8M shares 330.0M shares 331.0M shares
Diluted Shares Outstanding 334.0M shares 334.0M shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.616B $3.183B $2.881B
YoY Change 61.12% 4.67% 5.11%
Cash & Equivalents $4.616B $3.183B $2.881B
Short-Term Investments
Other Short-Term Assets $1.402B $1.190B $1.213B
YoY Change -1.82% 13.01% 5.2%
Inventory $9.211B $9.163B $9.408B
Prepaid Expenses
Receivables $6.523B $6.095B $5.653B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.75B $19.63B $19.16B
YoY Change 21.26% 15.91% 11.06%
LONG-TERM ASSETS
Property, Plant & Equipment $1.506B $1.407B $1.415B
YoY Change 3.22% 0.21% 0.57%
Goodwill $5.070B $5.055B $4.929B
YoY Change 3.94% 7.97% 6.34%
Intangibles $948.0M $978.0M $947.0M
YoY Change -4.44% 7.35% 2.82%
Long-Term Investments
YoY Change
Other Assets $866.0M $817.0M $802.0M
YoY Change 13.2% 6.38% 0.5%
Total Long-Term Assets $8.390B $8.257B $8.093B
YoY Change 3.66% 6.34% 4.28%
TOTAL ASSETS
Total Short-Term Assets $21.75B $19.63B $19.16B
Total Long-Term Assets $8.390B $8.257B $8.093B
Total Assets $30.14B $27.89B $27.25B
YoY Change 15.78% 12.9% 8.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.37B $13.85B $13.60B
YoY Change 18.26% 26.85% 21.22%
Accrued Expenses $2.594B $2.261B $2.158B
YoY Change 19.82% 13.79% 14.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $281.0M $283.0M $270.0M
YoY Change -64.92% 17.43% 5.88%
Total Short-Term Liabilities $17.24B $16.40B $16.03B
YoY Change 14.08% 24.71% 19.97%
LONG-TERM LIABILITIES
Long-Term Debt $5.211B $3.720B $3.706B
YoY Change 64.33% 1.11% 0.73%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.211B $3.720B $3.706B
YoY Change 64.33% 1.11% 0.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.24B $16.40B $16.03B
Total Long-Term Liabilities $5.211B $3.720B $3.706B
Total Liabilities $23.89B $21.52B $21.15B
YoY Change 21.67% 18.44% 14.81%
SHAREHOLDERS EQUITY
Retained Earnings $5.521B $5.353B $5.100B
YoY Change 15.65% 14.95% 14.71%
Common Stock $3.003B $2.992B $2.973B
YoY Change 0.77% 1.12% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.245B $1.923B $1.970B
YoY Change 57.77% 66.64% 114.83%
Treasury Stock Shares 36.00M shares 33.00M shares
Shareholders Equity $6.256B $6.369B $6.100B
YoY Change
Total Liabilities & Shareholders Equity $30.14B $27.89B $27.25B
YoY Change 15.78% 12.9% 8.95%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q4
OPERATING ACTIVITIES
Net Income $295.0M $365.0M $289.0M
YoY Change 26.07% 15.87% 3.96%
Depreciation, Depletion And Amortization $115.0M $116.0M $112.0M
YoY Change 0.0% 5.45% -4.27%
Cash From Operating Activities $868.0M $658.0M $953.0M
YoY Change 21.23% -19.76% 2475.68%
INVESTING ACTIVITIES
Capital Expenditures -$161.0M -$56.00M -$47.00M
YoY Change 45.05% 16.67% -26.56%
Acquisitions $193.0M
YoY Change
Other Investing Activities -$302.0M -$230.0M $28.00M
YoY Change -33.33% 134.69% -212.0%
Cash From Investing Activities -$463.0M -$286.0M -$19.00M
YoY Change -17.91% 95.89% -78.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.028B -70.00M -522.0M
YoY Change -413.41% -81.28% -1405.0%
NET CHANGE
Cash From Operating Activities 868.0M 658.0M 953.0M
Cash From Investing Activities -463.0M -286.0M -19.00M
Cash From Financing Activities 1.028B -70.00M -522.0M
Net Change In Cash 1.433B 302.0M 412.0M
YoY Change -914.2% 0.67% -3533.33%
FREE CASH FLOW
Cash From Operating Activities $868.0M $658.0M $953.0M
Capital Expenditures -$161.0M -$56.00M -$47.00M
Free Cash Flow $1.029B $714.0M $1.000B
YoY Change 24.43% -17.74% 890.1%

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CY2015Q2 us-gaap Deferred Tax Liabilities Current
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CY2015Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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1344000000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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1351000000 USD
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352000000 USD
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CY2015Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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155000000 USD
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172000000 USD
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CY2015 us-gaap Defined Contribution Plan Cost Recognized
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CY2016 us-gaap Defined Contribution Plan Cost Recognized
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CY2016 us-gaap Depreciation
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CY2016 us-gaap Depreciation Depletion And Amortization
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CY2015Q2 us-gaap Derivative Fair Value Of Derivative Asset
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35000000 USD
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16000000 USD
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CY2015 us-gaap Dividends Cash
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CY2016 us-gaap Dividends Cash
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CY2015 us-gaap Earnings Per Share Basic
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4.36
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3.38
CY2015 us-gaap Earnings Per Share Diluted
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3.62
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4.32
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.012
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.024
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.002
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-0.007
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-0.010
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-0.005
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.010
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.022
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0.041
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.015
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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33000000 USD
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38000000 USD
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38000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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39000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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52000000 USD
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33000000 USD
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1075000000 USD
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376000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
203000000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
250000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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276000000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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345000000 USD
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FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P10Y
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69000000 USD
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32000000 USD
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5000000 USD
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2120000000 USD
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1967000000 USD
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2276000000 USD
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266000000 USD
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289000000 USD
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365000000 USD
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293000000 USD
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384000000 USD
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326000000 USD
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386000000 USD
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335000000 USD
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1431000000 USD
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3.65
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1.18
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1.15
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0.98
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1.17
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1.02
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4.32
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3000000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
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2000000 USD
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3000000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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0.01
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0.01
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0.00
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0.01
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0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Tax Expense Benefit
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755000000 USD
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845000000 USD
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632000000 USD
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529000000 USD
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635000000 USD
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1948000000 USD
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2815000000 USD
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779000000 USD
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1179000000 USD
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116000000 USD
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147000000 USD
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870000000 USD
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866000000 USD
CY2015Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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14000000 USD
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72000000 USD
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3334000000 USD
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948000000 USD
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2259000000 USD
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6018000000 USD
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9426000000 USD
CY2014 us-gaap Interest Expense
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133000000 USD
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141000000 USD
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InterestExpense
178000000 USD
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152000000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
150000000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
174000000 USD
CY2015Q2 us-gaap Inventory Lifo Reserve
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114000000 USD
CY2016Q2 us-gaap Inventory Lifo Reserve
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9000000 USD
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39000000 USD
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12000000 USD
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-51000000 USD
CY2015Q2 us-gaap Inventory Net
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9211000000 USD
CY2016Q2 us-gaap Inventory Net
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10615000000 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
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57000000 USD
CY2016Q2 us-gaap Inventory Valuation Reserves
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79000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
107000000 USD
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LeaseAndRentalExpense
104000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
126000000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
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30142000000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
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34122000000 USD
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17243000000 USD
CY2016Q2 us-gaap Liabilities Current
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19701000000 USD
CY2015Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5211000000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4952000000 USD
CY2015Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
281000000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
587000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2975000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
587000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
529000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
463000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
982000000 USD
CY2016Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0338
CY2015Q2 us-gaap Minority Interest
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CY2016Q2 us-gaap Minority Interest
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17000000 USD
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7000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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60000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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2524000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2540000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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2971000000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2015Q1 us-gaap Net Income Loss
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365000000 USD
CY2015Q2 us-gaap Net Income Loss
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295000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
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CY2015Q3 us-gaap Net Income Loss
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383000000 USD
CY2015Q4 us-gaap Net Income Loss
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326000000 USD
CY2016Q1 us-gaap Net Income Loss
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386000000 USD
CY2016Q2 us-gaap Net Income Loss
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333000000 USD
CY2016 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2014Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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4000000 USD
CY2015Q2 us-gaap Notes And Loans Receivable Net Current
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53000000 USD
CY2016Q2 us-gaap Notes And Loans Receivable Net Current
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31000000 USD
CY2015Q2 us-gaap Notes Receivable Net
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CY2016Q2 us-gaap Notes Receivable Net
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145000000 USD
CY2016 us-gaap Number Of Operating Segments
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CY2016 us-gaap Number Of Reportable Segments
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2 segment
CY2014 us-gaap Operating Income Loss
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1885000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
2459000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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119000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
50000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
67000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
81000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
100000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
127000000 USD
CY2016Q2 us-gaap Operating Loss Carryforwards Valuation Allowance
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92000000 USD
CY2015Q2 us-gaap Other Accrued Liabilities Current
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2594000000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1808000000 USD
CY2015Q2 us-gaap Other Assets Current
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1402000000 USD
CY2016Q2 us-gaap Other Assets Current
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1580000000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
866000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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944000000 USD
CY2015Q2 us-gaap Other Borrowings
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312000000 USD
CY2016Q2 us-gaap Other Borrowings
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330000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-95000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
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CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
11000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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9000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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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 Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Loss Tax
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CY2016 us-gaap Other Comprehensive Income Loss Tax
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CY2014 us-gaap Other Nonoperating Income Expense
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46000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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7000000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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CY2014 us-gaap Payments For Repurchase Of Common Stock
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673000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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1036000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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651000000 USD
CY2014 us-gaap Payments For Restructuring
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57000000 USD
CY2015 us-gaap Payments For Restructuring
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37000000 USD
CY2016 us-gaap Payments For Restructuring
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25000000 USD
CY2014Q4 us-gaap Payments Of Debt Extinguishment Costs
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80000000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
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415000000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
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460000000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
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512000000 USD
CY2014 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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0 USD
CY2015 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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0 USD
CY2016 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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10000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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519000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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503000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3614000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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249000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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465000000 USD
CY2015Q2 us-gaap Percentage Of Lifo Inventory
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0.58
CY2016Q2 us-gaap Percentage Of Lifo Inventory
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0.58
CY2015Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2016Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2015Q2 us-gaap Preferred Stock Shares Authorized
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500000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2015Q2 us-gaap Preferred Stock Value
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CY2014 us-gaap Proceeds From Debt Net Of Issuance Costs
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CY2015 us-gaap Proceeds From Debt Net Of Issuance Costs
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2672000000 USD
CY2016 us-gaap Proceeds From Debt Net Of Issuance Costs
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CY2014 us-gaap Proceeds From Legal Settlements
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24000000 USD
CY2015 us-gaap Proceeds From Legal Settlements
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71000000 USD
CY2016 us-gaap Proceeds From Legal Settlements
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80000000 USD
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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0 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
37000000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
50000000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
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114000000 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt
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26000000 USD
CY2014 us-gaap Proceeds From Sale Of Other Investments
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47000000 USD
CY2014 us-gaap Profit Loss
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1166000000 USD
CY2014Q3 us-gaap Profit Loss
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266000000 USD
CY2014Q4 us-gaap Profit Loss
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289000000 USD
CY2015Q1 us-gaap Profit Loss
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365000000 USD
CY2015Q2 us-gaap Profit Loss
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295000000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
1215000000 USD
CY2015Q3 us-gaap Profit Loss
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384000000 USD
CY2015Q4 us-gaap Profit Loss
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326000000 USD
CY2016Q1 us-gaap Profit Loss
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386000000 USD
CY2016Q2 us-gaap Profit Loss
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335000000 USD
CY2016 us-gaap Profit Loss
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1431000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
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4034000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
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4476000000 USD
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1459000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
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1506000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
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1796000000 USD
CY2014 us-gaap Provision For Doubtful Accounts
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42000000 USD
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52000000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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CY2016Q2 us-gaap Receivables Net Current
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CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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2000000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2016Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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117000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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2000000 USD
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1221000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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6000000 USD
CY2014 us-gaap Restructuring Charges
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31000000 USD
CY2015 us-gaap Restructuring Charges
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44000000 USD
CY2016 us-gaap Restructuring Charges
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25000000 USD
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24000000 USD
CY2016 us-gaap Restructuring Costs
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19000000 USD
CY2013Q2 us-gaap Restructuring Reserve
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57000000 USD
CY2015 us-gaap Restructuring Costs
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35000000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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7000000 shares
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8000000 shares
CY2015Q2 us-gaap Restructuring Reserve
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CY2016Q2 us-gaap Restructuring Reserve
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16000000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
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5521000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
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6419000000 USD
CY2014 us-gaap Revenues
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CY2014Q3 us-gaap Revenues
Revenues
24070000000 USD
CY2014Q4 us-gaap Revenues
Revenues
25537000000 USD
CY2015Q1 us-gaap Revenues
Revenues
25375000000 USD
CY2015Q2 us-gaap Revenues
Revenues
27547000000 USD
CY2015 us-gaap Revenues
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CY2015Q3 us-gaap Revenues
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28055000000 USD
CY2015Q4 us-gaap Revenues
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31445000000 USD
CY2016Q1 us-gaap Revenues
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30662000000 USD
CY2016Q2 us-gaap Revenues
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31384000000 USD
CY2016 us-gaap Revenues
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CY2014 us-gaap Sales Returns And Allowances Goods
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1700000000 USD
CY2015 us-gaap Sales Returns And Allowances Goods
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2000000000 USD
CY2016 us-gaap Sales Returns And Allowances Goods
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2200000000 USD
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CY2014Q4 us-gaap Selling General And Administrative Expense
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CY2015Q1 us-gaap Selling General And Administrative Expense
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CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
847000000 USD
CY2015 us-gaap Selling General And Administrative Expense
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3240000000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
842000000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
922000000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
914000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
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970000000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3648000000 USD
CY2014 us-gaap Severance Costs1
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13000000 USD
CY2015 us-gaap Severance Costs1
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34000000 USD
CY2016 us-gaap Severance Costs1
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15000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
96000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
110000000 USD
CY2016 us-gaap Share Based Compensation
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111000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5000000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
42.82
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
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1000000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.16
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.50
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.09
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
36.21
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
39.06
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
72.15
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
84.11
CY2014 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
430000000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
454000000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
504000000 USD
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3000000 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000000 shares
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
361000000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
237000000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
144000000 USD
CY2015Q2 us-gaap Stockholders Equity
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6256000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
6554000000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5975000000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6401000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6256000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6571000000 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-3000000 USD
CY2016 us-gaap Stockholders Equity Other
StockholdersEquityOther
-21000000 USD
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
36000000 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
42000000 shares
CY2015Q2 us-gaap Treasury Stock Value
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2245000000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2759000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
673000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1036000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
651000000 USD
CY2016Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
2100000000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
650000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
510000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
542000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
527000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
40000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
42000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
48000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
210000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
10000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
30000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
143000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
169000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
145000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
46000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
24000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
9000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
15000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
22000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
94000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
69000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
42000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-65000000 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
1000000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
322000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
357000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
355000000 USD
CY2013Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
443000000 USD
CY2014Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
429000000 USD
CY2015Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
455000000 USD
CY2016Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
541000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
1786000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2047000000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2285000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
4000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
5000000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1804000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2026000000 USD
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2201000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
3000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
1000000 USD
CY2016 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
2000000 USD
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
345000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
335000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
330000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
341000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
327000000 shares
CY2014Q4 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2000000 USD
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">We maintain cash depository accounts with major banks, and we invest in high quality, short-term liquid instruments, and in marketable securities. Our short-term liquid instruments mature within three months and we have not historically incurred any related losses. Investments&#160;in marketable securities consist of a portfolio of high-grade instruments. Such investments are made only in instruments issued by highly-rated institutions, whose financial condition we monitor.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Our trade receivables and finance notes and related accrued interest are exposed to a concentration of credit risk with customers in the retail and healthcare sectors. Credit risk can be affected by changes in reimbursement and other economic pressures impacting the healthcare industry. Such credit risk is limited due to supporting collateral and the diversity of the customer base, including its wide geographic dispersion. We perform regular credit evaluations of our customers&#8217; financial conditions and maintain reserves for credit losses. Historically, such losses have been within our expectations. Refer to the "Receivables" section within this </font><font style="font-family:Arial Narrow;font-size:10pt;">Note 1</font><font style="font-family:Arial Narrow;font-size:10pt;"> for additional information on the accounting treatment of reserves for credit losses. </font></div></div>
CY2016 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Interest Rate, Currency and Commodity Risk</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">All derivative instruments are recognized at fair value on the consolidated balance sheets and all changes in fair value are recognized in net earnings or shareholders&#8217; equity through AOCI, net of tax.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">For contracts that qualify for hedge accounting treatment, the hedge contracts must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract. Hedge effectiveness is assessed periodically. Any contract not designated as a hedge, or so designated but ineffective, is adjusted to fair value and recognized immediately in net earnings. If a fair value or cash flow hedge ceases to qualify for hedge accounting treatment, the contract continues to be carried on the balance sheet at fair value until settled and future adjustments to the contract&#8217;s fair value are recognized immediately in net earnings. If a forecasted transaction is probable not to occur, amounts previously deferred in AOCI are recognized immediately in net earnings. See </font><font style="font-family:Arial Narrow;font-size:10pt;">Note 11</font><font style="font-family:Arial Narrow;font-size:10pt;"> for additional information regarding our derivative instruments, including the accounting treatment for instruments designated as fair value, cash flow and economic hedges.</font></div></div>
CY2016 us-gaap Revenue Recognition Sales Returns
RevenueRecognitionSalesReturns
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Sales Returns and Allowances</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Revenue is recorded net of sales returns and allowances. Our customer return policies generally require that the product be physically returned, subject to restocking fees, in a condition suitable to be added back to inventory and resold at full value, or returned to vendors for credit (&#8220;merchantable product&#8221;). Product returns are generally consistent throughout the year and typically are not specific to any particular product or customer.</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">We accrue for estimated sales returns and allowances at the time of sale based upon historical customer return trends, margin rates and processing costs. Our accrual for sales returns is reflected as a reduction of revenue and cost of products sold for the sales price and cost, respectively. At </font><font style="font-family:Arial Narrow;font-size:10pt;color:#000000;">June&#160;30, 2016</font><font style="font-family:Arial Narrow;font-size:10pt;"> and </font><font style="font-family:Arial Narrow;font-size:10pt;">2015</font><font style="font-family:Arial Narrow;font-size:10pt;">, the accrual for estimated sales returns and allowances was </font><font style="font-family:Arial Narrow;font-size:10pt;">$386 million</font><font style="font-family:Arial Narrow;font-size:10pt;"> and </font><font style="font-family:Arial Narrow;font-size:10pt;">$305 million</font><font style="font-family:Arial Narrow;font-size:10pt;">, respectively, the impact of which is reflected in trade receivables, net and inventories, net in the consolidated balance sheets. Sales returns and allowances were </font><font style="font-family:Arial Narrow;font-size:10pt;">$2.2 billion</font><font style="font-family:Arial Narrow;font-size:10pt;">, </font><font style="font-family:Arial Narrow;font-size:10pt;">$2.0 billion</font><font style="font-family:Arial Narrow;font-size:10pt;"> and </font><font style="font-family:Arial Narrow;font-size:10pt;">$1.7 billion</font><font style="font-family:Arial Narrow;font-size:10pt;">, for fiscal </font><font style="font-family:Arial Narrow;font-size:10pt;color:#000000;">2016</font><font style="font-family:Arial Narrow;font-size:10pt;">, </font><font style="font-family:Arial Narrow;font-size:10pt;">2015</font><font style="font-family:Arial Narrow;font-size:10pt;"> and </font><font style="font-family:Arial Narrow;font-size:10pt;">2014</font><font style="font-family:Arial Narrow;font-size:10pt;">, respectively. </font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Third-Party Returns</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Since we generally do not accept non-merchantable product returns from our customers, many of our customers return non-merchantable pharmaceutical products to the manufacturer through third parties. Since our customers generally do not have a direct relationship with manufacturers, our vendors pass the value of such returns to us (usually in the form of an accounts payable deduction) for distribution to customers. We, in turn, pass the value received, less an administrative fee, to our customer. In certain instances, we pass the estimated value of the return to our customer prior to our receipt of the value from the vendor. Although we believe we have satisfactory protections, we could be subject to claims from customers or vendors if our administration of this overall process was deficient in some respect or our contractual terms with vendors are in conflict with our contractual terms with our customers. We have maintained reserves for some of these situations based on their nature and our historical experience with their resolution.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;). The preparation of financial statements in accordance with GAAP requires us to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates, judgments and assumptions are used in the accounting and disclosure related to, among other items, allowance for doubtful accounts, inventory valuation, business combinations, goodwill and other intangible asset impairment, vendor reserves, loss contingencies, income taxes and share-based compensation. Actual amounts could ultimately differ from these estimated amounts.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;). The preparation of financial statements in accordance with GAAP requires us to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates, judgments and assumptions are used in the accounting and disclosure related to, among other items, allowance for doubtful accounts, inventory valuation, business combinations, goodwill and other intangible asset impairment, vendor reserves, loss contingencies, income taxes and share-based compensation. Actual amounts could ultimately differ from these estimated amounts.</font></div></div>

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