2015 Q2 Form 10-Q Financial Statement

#000162722315000023 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $1.508B $1.684B
YoY Change -10.45%
Cost Of Revenue $1.282B $1.311B
YoY Change -2.21%
Gross Profit $226.0M $371.0M
YoY Change -39.08%
Gross Profit Margin 14.99% 22.03%
Selling, General & Admin $157.0M $183.0M
YoY Change -14.21%
% of Gross Profit 69.47% 49.33%
Research & Development $27.00M $40.00M
YoY Change -32.5%
% of Gross Profit 11.95% 10.78%
Depreciation & Amortization $67.00M $64.00M
YoY Change 4.69%
% of Gross Profit 29.65% 17.25%
Operating Expenses $184.0M $223.0M
YoY Change -17.49%
Operating Profit $42.00M $148.0M
YoY Change -71.62%
Interest Expense $28.00M $0.00
YoY Change
% of Operating Profit 66.67% 0.0%
Other Income/Expense, Net $2.000M $6.000M
YoY Change -66.67%
Pretax Income -$18.00M $155.0M
YoY Change -111.61%
Income Tax $0.00 $39.00M
% Of Pretax Income 25.16%
Net Earnings -$18.00M $116.0M
YoY Change -115.52%
Net Earnings / Revenue -1.19% 6.89%
Basic Earnings Per Share -$0.10 $0.64
Diluted Earnings Per Share -$0.10 $0.64
COMMON SHARES
Basic Shares Outstanding 181.0M shares
Diluted Shares Outstanding 181.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.0M
YoY Change
Cash & Equivalents $247.0M $0.00
Short-Term Investments
Other Short-Term Assets $158.0M
YoY Change
Inventory $1.054B
Prepaid Expenses $105.0M
Receivables $896.0M
Other Receivables $128.0M
Total Short-Term Assets $2.483B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.378B
YoY Change
Goodwill $196.0M
YoY Change
Intangibles $12.00M
YoY Change
Long-Term Investments $145.0M
YoY Change
Other Assets $471.0M
YoY Change
Total Long-Term Assets $4.202B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.483B
Total Long-Term Assets $4.202B
Total Assets $6.685B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $919.0M
YoY Change
Accrued Expenses $380.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $16.00M
YoY Change
Total Short-Term Liabilities $1.441B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.927B
YoY Change
Other Long-Term Liabilities $485.0M
YoY Change
Total Long-Term Liabilities $4.412B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.441B
Total Long-Term Liabilities $4.412B
Total Liabilities $6.280B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $401.0M
YoY Change
Total Liabilities & Shareholders Equity $6.685B
YoY Change

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$18.00M $116.0M
YoY Change -115.52%
Depreciation, Depletion And Amortization $67.00M $64.00M
YoY Change 4.69%
Cash From Operating Activities $5.000M $45.00M
YoY Change -88.89%
INVESTING ACTIVITIES
Capital Expenditures -$150.0M -$100.0M
YoY Change 50.0%
Acquisitions
YoY Change
Other Investing Activities -$14.00M $26.00M
YoY Change -153.85%
Cash From Investing Activities -$164.0M -$74.00M
YoY Change 121.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 406.0M 29.00M
YoY Change 1300.0%
NET CHANGE
Cash From Operating Activities 5.000M 45.00M
Cash From Investing Activities -164.0M -74.00M
Cash From Financing Activities 406.0M 29.00M
Net Change In Cash 247.0M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $5.000M $45.00M
Capital Expenditures -$150.0M -$100.0M
Free Cash Flow $155.0M $145.0M
YoY Change 6.9%

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CY2015Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-0.10
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.14
CY2015Q2 us-gaap Dividends Cash
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100000000 USD
us-gaap Dividends Cash
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100000000 USD
CY2014Q4 us-gaap Dividends Payable Current
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0 USD
CY2015Q2 us-gaap Dividends Payable Current
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100000000 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
us-gaap Earnings Per Share Basic And Diluted
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1.18
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.14
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1000000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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0 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
124000000 USD
CY2015Q2 us-gaap Equity Method Investments
EquityMethodInvestments
145000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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63000000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
65000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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74000000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
77000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11000000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
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12000000 USD
CY2014Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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1000000 USD
us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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1000000 USD
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4000000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2014Q2 us-gaap Gain Loss On Disposition Of Assets1
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9000000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11000000 USD
CY2015Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2014Q4 us-gaap Goodwill
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198000000 USD
CY2015Q2 us-gaap Goodwill
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196000000 USD
CY2014Q2 us-gaap Gross Profit
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371000000 USD
us-gaap Gross Profit
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700000000 USD
CY2015Q2 us-gaap Gross Profit
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226000000 USD
us-gaap Gross Profit
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478000000 USD
CY2014Q4 us-gaap Guarantee Obligations Maximum Exposure
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41000000 USD
CY2015Q2 us-gaap Guarantee Obligations Maximum Exposure
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2000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
155000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
287000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40000000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12000000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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11000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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11000000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000000 USD
CY2015Q2 us-gaap Liabilities
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6280000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5978000000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6685000000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
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15000000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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197000000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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205000000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
25000000 USD
us-gaap Increase Decrease In Inventories And Other Operating Assets
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68000000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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11000000 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
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12000000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
28000000 USD
us-gaap Interest Expense
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28000000 USD
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611000000 USD
CY2015Q2 us-gaap Inventory Finished Goods
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703000000 USD
CY2014Q4 us-gaap Inventory Gross
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1305000000 USD
CY2015Q2 us-gaap Inventory Gross
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1300000000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve
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253000000 USD
CY2015Q2 us-gaap Inventory Lifo Reserve
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246000000 USD
CY2014Q4 us-gaap Inventory Net
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1052000000 USD
CY2015Q2 us-gaap Inventory Net
InventoryNet
1054000000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
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521000000 USD
CY2015Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
437000000 USD
CY2014Q4 us-gaap Inventory Work In Process
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173000000 USD
CY2015Q2 us-gaap Inventory Work In Process
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160000000 USD
CY2014Q4 us-gaap Lifo Inventory Amount
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684000000 USD
CY2015Q2 us-gaap Lifo Inventory Amount
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652000000 USD
CY2014Q4 us-gaap Liabilities
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2305000000 USD
CY2014Q4 us-gaap Liabilities Current
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1407000000 USD
CY2015Q2 us-gaap Liabilities Current
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1441000000 USD
CY2015Q2 us-gaap Long Term Debt
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3999000000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2015Q2 us-gaap Long Term Debt Current
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16000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2015Q2 us-gaap Long Term Debt Noncurrent
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3927000000 USD
CY2015Q2 us-gaap Loss Contingency Range Of Possible Loss Maximum
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650000000 USD
CY2014Q4 us-gaap Minority Interest
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4000000 USD
CY2015Q2 us-gaap Minority Interest
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4000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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431000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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803000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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-229000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-233000000 USD
CY2014Q2 us-gaap Net Income Loss
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116000000 USD
us-gaap Net Income Loss
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214000000 USD
CY2015Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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25000000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2014Q4 us-gaap Notes And Loans Receivable Net Current
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11000000 USD
CY2015Q2 us-gaap Notes And Loans Receivable Net Current
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30000000 USD
CY2015Q2 us-gaap Number Of Foreign Currency Derivatives Held
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78 contract
us-gaap Number Of Reportable Segments
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CY2014Q4 us-gaap Other Assets Miscellaneous Noncurrent
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CY2015Q2 us-gaap Other Assets Miscellaneous Noncurrent
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39000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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375000000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
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471000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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2000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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1000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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2000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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2000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
5000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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3000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
2000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
464000000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
485000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
27000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
0 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
12000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
77000000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
32000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
231000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
287000000 USD
CY2014Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.52
CY2015Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.50
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
43000000 USD
CY2015Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
105000000 USD
CY2014Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
180996833 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
180996833 shares
CY2015Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
180996833 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
180996833 shares
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
247000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3490000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
8000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
116000000 USD
us-gaap Profit Loss
ProfitLoss
214000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-18000000 USD
us-gaap Profit Loss
ProfitLoss
25000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9282000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9435000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3308000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3378000000 USD
CY2014Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
CY2015Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
CY2014Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
846000000 USD
CY2015Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1038000000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
40000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
77000000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50000000 USD
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
4000000 USD
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1000000 USD
CY2014Q2 us-gaap Revenues
Revenues
1684000000 USD
us-gaap Revenues
Revenues
3255000000 USD
CY2015Q2 us-gaap Revenues
Revenues
1508000000 USD
us-gaap Revenues
Revenues
2872000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1682000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3251000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1508000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2871000000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
183000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
356000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
157000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
324000000 USD
CY2015Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
160000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3669000000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
401000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3217000000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3862000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3673000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
405000000 USD
CY2014Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
180996833 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
180996833 shares
CY2015Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
180996833 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
180996833 shares

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