2017 Q1 Form 10-K Financial Statement

#000002617217000007 Filed on February 13, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $4.766B $4.620B
YoY Change -6.37% -5.52%
Cost Of Revenue $3.554B $3.412B
YoY Change -6.89% -5.38%
Gross Profit $1.212B $1.208B
YoY Change -4.79% -5.92%
Gross Profit Margin 25.43% 26.15%
Selling, General & Admin $508.0M $530.0M
YoY Change -10.56% 0.19%
% of Gross Profit 41.91% 43.87%
Research & Development $177.0M $197.0M
YoY Change -5.35% -0.51%
% of Gross Profit 14.6% 16.31%
Depreciation & Amortization $131.0M $129.0M
YoY Change 4.8% 14.16%
% of Gross Profit 10.81% 10.68%
Operating Expenses $682.0M $727.0M
YoY Change -9.19% 0.0%
Operating Profit $530.0M $557.0M
YoY Change 1.53% -15.48%
Interest Expense $47.00M $16.00M
YoY Change -51.04% 6.67%
% of Operating Profit 8.87% 2.87%
Other Income/Expense, Net $11.00M $11.00M
YoY Change 10.0% -42.11%
Pretax Income $212.0M $561.0M
YoY Change -65.3% -16.14%
Income Tax $34.00M $169.0M
% Of Pretax Income 16.04% 30.12%
Net Earnings $161.0M $392.0M
YoY Change -63.66% -10.71%
Net Earnings / Revenue 3.38% 8.48%
Basic Earnings Per Share $0.92 $2.15
Diluted Earnings Per Share $0.92 $2.14
COMMON SHARES
Basic Shares Outstanding 168.2M shares 177.0M shares
Diluted Shares Outstanding 177.4M shares

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.811B $1.723B
YoY Change -24.35% -27.64%
Cash & Equivalents $1.711B $1.688B
Short-Term Investments $100.0M $35.00M
Other Short-Term Assets $609.0M $921.0M
YoY Change -28.27% 15.85%
Inventory $2.707B $3.059B
Prepaid Expenses
Receivables $2.820B $3.159B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.947B $8.862B
YoY Change -12.24% -2.27%
LONG-TERM ASSETS
Property, Plant & Equipment $3.745B $3.717B
YoY Change 1.6% 7.3%
Goodwill $482.0M $481.0M
YoY Change 0.63% 3.44%
Intangibles $328.0M $337.0M
YoY Change -4.37% -2.6%
Long-Term Investments $975.0M $959.0M
YoY Change -0.61% -2.24%
Other Assets $922.0M $656.0M
YoY Change 58.15% 5.98%
Total Long-Term Assets $7.187B $6.935B
YoY Change 7.12% 5.46%
TOTAL ASSETS
Total Short-Term Assets $7.947B $8.862B
Total Long-Term Assets $7.187B $6.935B
Total Assets $15.13B $15.80B
YoY Change -4.0% 0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.706B $1.824B
YoY Change -9.3% -5.49%
Accrued Expenses $1.631B $1.672B
YoY Change 0.06% 8.71%
Deferred Revenue
YoY Change
Short-Term Debt $24.00M $27.00M
YoY Change -72.09% -65.38%
Long-Term Debt Due $39.00M $31.00M
YoY Change 69.57% 14.81%
Total Short-Term Liabilities $3.803B $3.968B
YoY Change -5.42% -1.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.576B $1.595B
YoY Change -0.06% 0.69%
Other Long-Term Liabilities $249.0M $2.153B
YoY Change -33.6% 11.84%
Total Long-Term Liabilities $249.0M $3.748B
YoY Change -33.6% 6.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.803B $3.968B
Total Long-Term Liabilities $249.0M $3.748B
Total Liabilities $7.384B $7.716B
YoY Change -3.74% 2.24%
SHAREHOLDERS EQUITY
Retained Earnings $10.32B $10.33B
YoY Change 8.14% 11.77%
Common Stock $2.178B $2.173B
YoY Change 1.82% 2.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.735B $3.486B
YoY Change 31.33% 25.44%
Treasury Stock Shares 47.20M shares 44.70M shares
Shareholders Equity $7.406B $7.749B
YoY Change
Total Liabilities & Shareholders Equity $15.13B $15.80B
YoY Change -4.0% 0.98%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $161.0M $392.0M
YoY Change -63.66% -10.71%
Depreciation, Depletion And Amortization $131.0M $129.0M
YoY Change 4.8% 14.16%
Cash From Operating Activities $934.0M $562.0M
YoY Change 6.38% -18.2%
INVESTING ACTIVITIES
Capital Expenditures -$368.0M -$162.0M
YoY Change 5.44% -8.99%
Acquisitions
YoY Change
Other Investing Activities -$73.00M -$15.00M
YoY Change -70.2% -1600.0%
Cash From Investing Activities -$441.0M -$177.0M
YoY Change -25.76% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -435.0M -386.0M
YoY Change 78.28% 12.54%
NET CHANGE
Cash From Operating Activities 934.0M 562.0M
Cash From Investing Activities -441.0M -177.0M
Cash From Financing Activities -435.0M -386.0M
Net Change In Cash 58.00M -1.000M
YoY Change 45.0% -100.6%
FREE CASH FLOW
Cash From Operating Activities $934.0M $562.0M
Capital Expenditures -$368.0M -$162.0M
Free Cash Flow $1.302B $724.0M
YoY Change 6.11% -16.3%

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1930000000 USD
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750000000 USD
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330000000 USD
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260000000 USD
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100000000 USD
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36000000 USD
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46000000 USD
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20000000 USD
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430000000 USD
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18000000 USD
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256000000 USD
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4000000 USD
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100 shares
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900000000 USD
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108.30
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0210
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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2095000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3306
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3096
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0180
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141
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0.0134
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
903059 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1318101 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
92.18
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
100.55
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
104.19
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
10716 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
19698 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
63462 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
49.16
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.25
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.28
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
64000000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1462336 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1626724 shares
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
391000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
115.02
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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115.02
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
82.06
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
82.89
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
87.27
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
102.56
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M14D
CY2015Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
24000000 USD
CY2016Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
41000000 USD
CY2015 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-12000000 USD
CY2016 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-13000000 USD
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
135.89
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
119.56
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
148.98
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
135.21
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
109.24
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
48000000 USD
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
13000000 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
38000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
334000000 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
175526 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
53545 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
215890 shares
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
16000000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
5000000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
19000000 USD
CY2014 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
9000000 USD
CY2015 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
9000000 USD
CY2016 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
6000000 USD
CY2015Q4 us-gaap Stockholders Equity
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7406000000 USD
CY2016Q4 us-gaap Stockholders Equity
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6875000000 USD
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7870000000 USD
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8093000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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7750000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7174000000 USD
CY2014 us-gaap Stockholders Equity Other
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-19000000 USD
CY2015 us-gaap Stockholders Equity Other
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-12000000 USD
CY2016 us-gaap Stockholders Equity Other
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-24000000 USD
CY2016 us-gaap Treasury Stock Acquired Average Cost Per Share
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106.48
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
47200000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
54200000 shares
us-gaap Treasury Stock Shares Acquired
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4700000 shares
CY2015Q4 us-gaap Treasury Stock Value
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3735000000 USD
CY2016Q4 us-gaap Treasury Stock Value
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4489000000 USD
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778000000 USD
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3800000000 USD
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670000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3300000000 USD
CY2016Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3400000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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169000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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174000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
135000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
59000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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5000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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71000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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104000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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8000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
24000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
7000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
8000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
4000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
5000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
78000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
31000000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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65000000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
98000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183079295 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178406828 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169336616 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182637568 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178037581 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169038410 shares
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts for </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> have been reclassified to conform to the current year presentation.</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:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates in the Preparation of the Financial Statements</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts presented and disclosed in our </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidated Financial Statements</font><font style="font-family:inherit;font-size:10pt;">. Significant estimates and assumptions in these </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidated Financial Statements </font><font style="font-family:inherit;font-size:10pt;">require the exercise of judgment and are used for, but not limited to, allowance for doubtful accounts, estimates of future cash flows and other assumptions associated with goodwill and long-lived asset impairment tests, useful lives for depreciation and amortization, warranty programs, determination of discount rate and other assumptions for pension and other postretirement benefit costs, impairment charges, restructuring costs, income taxes and deferred tax valuation allowances, lease classification and contingencies. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be different from these estimates.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>

Files In Submission

Name View Source Status
0000026172-17-000007-index-headers.html Edgar Link pending
0000026172-17-000007-index.html Edgar Link pending
0000026172-17-000007.txt Edgar Link pending
0000026172-17-000007-xbrl.zip Edgar Link pending
cmi-20161231.xml Edgar Link completed
cmi-20161231.xsd Edgar Link pending
cmi-20161231_cal.xml Edgar Link unprocessable
cmi-20161231_def.xml Edgar Link unprocessable
cmi-20161231_lab.xml Edgar Link unprocessable
cmi-20161231_pre.xml Edgar Link unprocessable
cmi2016curr_chart-18723.jpg Edgar Link pending
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