2015 Form 10-K Financial Statement

#000162722316000066 Filed on February 25, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $5.717B $1.549B $1.633B
YoY Change -11.12% -6.46%
Cost Of Revenue $4.762B $1.248B $1.273B
YoY Change -6.11% -4.0%
Gross Profit $955.0M $301.0M $359.0M
YoY Change -29.78% -15.45%
Gross Profit Margin 16.7% 19.43% 21.98%
Selling, General & Admin $632.0M $153.0M $176.0M
YoY Change -7.74% -16.39%
% of Gross Profit 66.18% 50.83% 49.03%
Research & Development $97.00M $33.00M $33.00M
YoY Change -32.17% -19.51%
% of Gross Profit 10.16% 10.96% 9.19%
Depreciation & Amortization $267.0M $72.00M $57.00M
YoY Change 3.89% 18.03% -71.5%
% of Gross Profit 27.96% 23.92% 15.88%
Operating Expenses $1.087B $186.0M $209.0M
YoY Change 28.03% -16.96%
Operating Profit -$132.0M $115.0M $150.0M
YoY Change -125.83% -12.88%
Interest Expense $132.0M -$35.00M $0.00
YoY Change
% of Operating Profit -30.43% 0.0%
Other Income/Expense, Net $54.00M $12.00M $19.00M
YoY Change 184.21% -33.33%
Pretax Income -$188.0M $120.0M $143.0M
YoY Change -134.18% -18.37%
Income Tax -$98.00M $41.00M $35.00M
% Of Pretax Income 34.17% 24.48%
Net Earnings -$90.00M $79.00M $107.0M
YoY Change -122.5% -28.18%
Net Earnings / Revenue -1.57% 5.1% 6.55%
Basic Earnings Per Share -$0.50 $0.44 $0.59
Diluted Earnings Per Share -$0.50 $0.44 $0.59
COMMON SHARES
Basic Shares Outstanding 181.0M 181.0M shares
Diluted Shares Outstanding 181.0M 181.0M shares

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $366.0M
YoY Change
Cash & Equivalents $366.0M $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $106.0M $43.00M $130.0M
YoY Change 146.51% -55.21%
Inventory $972.0M $1.052B $1.072B
Prepaid Expenses $43.00M
Receivables $755.0M $746.0M $924.0M
Other Receivables $102.0M $26.00M $93.00M
Total Short-Term Assets $2.301B $1.941B $2.219B
YoY Change 18.55% -1.97%
LONG-TERM ASSETS
Property, Plant & Equipment $3.177B $3.308B $3.163B
YoY Change -3.96% 11.31%
Goodwill $198.0M
YoY Change 0.0%
Intangibles $11.00M
YoY Change
Long-Term Investments $136.0M $124.0M $136.0M
YoY Change 9.68% 0.81%
Other Assets $383.0M $377.0M $176.0M
YoY Change 59.58% 106.01%
Total Long-Term Assets $3.997B $4.018B $3.825B
YoY Change -0.52% 10.35%
TOTAL ASSETS
Total Short-Term Assets $2.301B $1.941B $2.219B
Total Long-Term Assets $3.997B $4.018B $3.825B
Total Assets $6.298B $5.959B $6.044B
YoY Change 5.69% 6.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $945.0M $1.046B $852.0M
YoY Change -5.88% 1.95%
Accrued Expenses $270.0M $352.0M $321.0M
YoY Change 44.39% 25.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.00M $0.00
YoY Change
Total Short-Term Liabilities $1.466B $1.398B $1.181B
YoY Change 4.86% -4.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.915B $0.00 $0.00
YoY Change
Other Long-Term Liabilities $553.0M $464.0M $481.0M
YoY Change 19.18% 1.75%
Total Long-Term Liabilities $4.468B $464.0M $481.0M
YoY Change 862.93% 1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.466B $1.398B $1.181B
Total Long-Term Liabilities $4.468B $464.0M $481.0M
Total Liabilities $6.172B $2.286B $2.081B
YoY Change 169.52% -5.03%
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $126.0M $3.669B $3.963B
YoY Change
Total Liabilities & Shareholders Equity $6.298B $5.959B $6.044B
YoY Change 5.69% 6.01%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income -$90.00M $79.00M $107.0M
YoY Change -122.5% -28.18%
Depreciation, Depletion And Amortization $267.0M $72.00M $57.00M
YoY Change 3.89% 18.03% -71.5%
Cash From Operating Activities $182.0M $492.0M $242.0M
YoY Change -63.96% -7.17% -9.7%
INVESTING ACTIVITIES
Capital Expenditures $519.0M -$200.0M -$173.0M
YoY Change -14.07% 25.0% -37.77%
Acquisitions
YoY Change
Other Investing Activities $0.00 $17.00M -$2.000M
YoY Change -100.0% 30.77% -300.0%
Cash From Investing Activities -$497.0M -$183.0M -$175.0M
YoY Change -11.25% 24.49% -36.82%
FINANCING ACTIVITIES
Cash Dividend Paid $105.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $10.00M
YoY Change
Cash From Financing Activities 687.0M -309.0M -67.00M
YoY Change 1149.09% -19.32% -844.44%
NET CHANGE
Cash From Operating Activities 182.0M 492.0M 242.0M
Cash From Investing Activities -497.0M -183.0M -175.0M
Cash From Financing Activities 687.0M -309.0M -67.00M
Net Change In Cash 372.0M 0.000 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $182.0M $492.0M $242.0M
Capital Expenditures $519.0M -$200.0M -$173.0M
Free Cash Flow -$337.0M $692.0M $415.0M
YoY Change 240.4% 0.29% -23.99%

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CY2015Q4 us-gaap Cash
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CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013Q4 us-gaap Goodwill
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CY2015 us-gaap Gross Profit
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244000000 USD
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132000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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143000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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120000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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550000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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58000000 USD
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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352000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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306000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2015 us-gaap Income Loss From Equity Method Investments
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0 USD
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152000000 USD
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CY2014 us-gaap Income Taxes Paid Net
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0 USD
CY2015 us-gaap Income Taxes Paid Net
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53000000 USD
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37000000 USD
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234000000 USD
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18000000 USD
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75000000 USD
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29000000 USD
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0 USD
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0 USD
CY2015 us-gaap Interest Costs Capitalized
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21000000 USD
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0 USD
CY2014 us-gaap Interest Expense
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0 USD
CY2015 us-gaap Interest Expense
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CY2014 us-gaap Interest Paid
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CY2015 us-gaap Interest Paid
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253000000 USD
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246000000 USD
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521000000 USD
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433000000 USD
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173000000 USD
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172000000 USD
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684000000 USD
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744000000 USD
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58000000 USD
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611000000 USD
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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55000000 USD
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505000000 USD
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182000000 USD
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CY2014 us-gaap Net Income Loss
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1000000 USD
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1000000 USD
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0 USD
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38000000 USD
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0 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2013 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
CY2014 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
CY2015 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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4000000 USD
CY2013 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
CY2014 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
CY2015 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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4000000 USD
CY2013 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
CY2014 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
CY2015 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
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2013 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
CY2014 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
CY2015 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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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2013 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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0 USD
CY2014 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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0 USD
CY2015 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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CY2013 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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0 USD
CY2014 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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0 USD
CY2015 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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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2013 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Tax
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14000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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8000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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8000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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CY2015Q4 us-gaap Other Liabilities Noncurrent
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CY2013 us-gaap Other Operating Activities Cash Flow Statement
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13000000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
18000000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
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CY2014Q4 us-gaap Other Receivables Net Current
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26000000 USD
CY2015Q4 us-gaap Other Receivables Net Current
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CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
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98000000 USD
CY2015Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
89000000 USD
CY2013 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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CY2015Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2015 us-gaap Stock Issued During Period Value New Issues
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5000000 USD
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15000000 USD
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2000000 USD
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1000000 USD
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32000000 USD
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26000000 USD
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39000000 USD
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CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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180993623 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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180966833 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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180966833 shares
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180993623 shares

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