2017 Form 10-K Financial Statement

#000105829018000009 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016 Q3
Revenue $14.81B $3.462B $3.453B
YoY Change 9.81% 7.08% 8.35%
Cost Of Revenue $8.920B $2.003B $2.070B
YoY Change 11.15% 6.87% 6.04%
Gross Profit $5.890B $1.459B $1.383B
YoY Change 7.84% 7.41% 12.01%
Gross Profit Margin 39.77% 42.15% 40.06%
Selling, General & Admin $2.697B $730.0M $701.0M
YoY Change -1.24% 10.77% 11.8%
% of Gross Profit 45.79% 50.02% 50.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $443.0M $101.0M $97.00M
YoY Change 16.89% 14.77% 17.72%
% of Gross Profit 7.52% 6.92% 7.01%
Operating Expenses $2.697B $730.0M $701.0M
YoY Change -1.24% 10.77% 11.8%
Operating Profit $2.481B $561.0M $583.0M
YoY Change 8.39% 1.45% 7.37%
Interest Expense $23.00M -$77.10M $5.000M
YoY Change 21.05% 60.63% 16.28%
% of Operating Profit 0.93% -13.74% 0.86%
Other Income/Expense, Net $174.0M $300.0K $30.00M
YoY Change 155.88% -127.27% 14900.0%
Pretax Income $810.0M $560.4M $613.0M
YoY Change 7.71% -0.14% 12.89%
Income Tax $1.153B $145.8M $170.0M
% Of Pretax Income 142.35% 26.02% 27.73%
Net Earnings $1.504B $416.0M $444.0M
YoY Change -3.16% -1.89% 11.84%
Net Earnings / Revenue 10.16% 12.02% 12.86%
Basic Earnings Per Share $2.54 $0.69 $0.73
Diluted Earnings Per Share $2.53 $0.68 $0.73
COMMON SHARES
Basic Shares Outstanding 593.0M shares 606.7M shares 606.0M shares
Diluted Shares Outstanding 595.0M shares 609.0M shares

Balance Sheet

Concept 2017 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.056B $5.169B $4.859B
YoY Change -2.19% 4.45% 19.95%
Cash & Equivalents $1.925B $2.034B $1.550B
Short-Term Investments $3.131B $3.135B $3.308B
Other Short-Term Assets $833.0M $526.0M $425.5M
YoY Change 58.37% 55.62% 60.75%
Inventory
Prepaid Expenses
Receivables $3.222B $2.556B $2.492B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.111B $8.600B $8.200B
YoY Change 5.94% 8.74% 13.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.324B $1.311B $1.323B
YoY Change 0.99% 3.15% 3.47%
Goodwill $2.554B $2.482B
YoY Change 6.2% 3.26%
Intangibles $951.0M $936.9M
YoY Change 10.07% 6.3%
Long-Term Investments $235.0M $57.00M $60.60M
YoY Change 279.03%
Other Assets $866.0M $359.0M $328.8M
YoY Change 10.46% 35.98% 25.45%
Total Long-Term Assets $6.110B $5.662B $5.517B
YoY Change 7.91% 9.9% 9.69%
TOTAL ASSETS
Total Short-Term Assets $9.111B $8.600B $8.200B
Total Long-Term Assets $6.110B $5.662B $5.517B
Total Assets $15.22B $14.26B $13.72B
YoY Change 6.72% 9.2% 11.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $210.0M $175.0M $171.5M
YoY Change 20.0% 6.06% 7.12%
Accrued Expenses $1.693B $1.527B $1.478B
YoY Change 10.87% -5.04% 6.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $175.0M $81.00M $75.00M
YoY Change 116.05% -80.05% 50.0%
Total Short-Term Liabilities $2.839B $2.418B $2.301B
YoY Change 17.41% -10.91% 8.1%
LONG-TERM LIABILITIES
Long-Term Debt $698.0M $797.0M $821.6M
YoY Change -12.42% -9.12% -8.71%
Other Long-Term Liabilities $869.0M $162.0M $140.1M
YoY Change 177.64% 15.71% 8.44%
Total Long-Term Liabilities $1.567B $959.0M $961.7M
YoY Change 41.17% -5.7% -6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.839B $2.418B $2.301B
Total Long-Term Liabilities $1.567B $959.0M $961.7M
Total Liabilities $4.552B $3.534B $3.424B
YoY Change 28.81% -6.58% -0.47%
SHAREHOLDERS EQUITY
Retained Earnings $10.48B $10.06B
YoY Change 17.4% 18.37%
Common Stock $6.000M $6.100M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.67B $10.73B $10.29B
YoY Change
Total Liabilities & Shareholders Equity $15.22B $14.26B $13.72B
YoY Change 6.72% 9.2% 11.81%

Cashflow Statement

Concept 2017 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $1.504B $416.0M $444.0M
YoY Change -3.16% -1.89% 11.84%
Depreciation, Depletion And Amortization $443.0M $101.0M $97.00M
YoY Change 16.89% 14.77% 17.72%
Cash From Operating Activities $2.407B $604.0M $603.0M
YoY Change 46.32% -12.46% -26.27%
INVESTING ACTIVITIES
Capital Expenditures $284.0M -$87.00M -$74.00M
YoY Change -5.33% 17.41% 13.67%
Acquisitions $216.0M
YoY Change
Other Investing Activities -$298.0M -$3.000M -$539.0M
YoY Change -55.05% -98.87% 382.11%
Cash From Investing Activities -$582.0M -$90.00M -$613.0M
YoY Change -39.56% -73.54% 246.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.889B
YoY Change 268.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.985B 5.000M -127.0M
YoY Change 167.16% -98.37% -48.89%
NET CHANGE
Cash From Operating Activities $2.407B 604.0M 603.0M
Cash From Investing Activities -$582.0M -90.00M -613.0M
Cash From Financing Activities -$1.985B 5.000M -127.0M
Net Change In Cash -$160.0M 519.0M -137.0M
YoY Change 162.3% -20.96% -134.9%
FREE CASH FLOW
Cash From Operating Activities $2.407B $604.0M $603.0M
Capital Expenditures $284.0M -$87.00M -$74.00M
Free Cash Flow $2.123B $691.0M $677.0M
YoY Change 57.84% -9.57% -23.33%

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0.020
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0.018
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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46000000 USD
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49000000 USD
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101000000 USD
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0.49
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337000000 USD
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471000000 USD
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134000000 USD
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105000000 USD
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120000000 USD
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123000000 USD
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131000000 USD
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123000000 USD
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27000000 USD
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CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
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CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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867000000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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40000000 USD
CY2017Q4 us-gaap Held To Maturity Securities Current
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CY2016Q4 us-gaap Held To Maturity Securities Noncurrent
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CY2017Q4 us-gaap Held To Maturity Securities Noncurrent
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CY2017Q4 us-gaap Heldtomaturity Securities Debt Maturities Next Rolling Twelve Months Amortized Cost
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745000000 USD
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2016 us-gaap Income Loss From Equity Method Investments
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CY2017 us-gaap Income Loss From Equity Method Investments
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CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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757000000 USD
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31000000 USD
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CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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42000000 USD
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37000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2017 us-gaap Income Tax Reconciliation Tax Exempt Income
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75000000 USD
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51000000 USD
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76000000 USD
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111000000 USD
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10000000 USD
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12000000 USD
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15000000 USD
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2000000 USD
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4000000 USD
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53000000 USD
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3370000000 USD
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3453000000 USD
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3462000000 USD
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3546000000 USD
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3670000000 USD
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3766000000 USD
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SalesRevenueNet
3828000000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
14810000000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2509000000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
646000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
654000000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
701000000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
730000000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2731000000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
686000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
709000000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
674000000 USD
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
700000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2769000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
192000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
217000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
221000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.01
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
700000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.28
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
29000000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2400000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
700000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.08
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.88
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
29000000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
700000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
24.78
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.76
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
29000000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y5M16D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y7M21D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y7M17D
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
3135000000 USD
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
3131000000 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1700000 shares
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
131000000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
176000000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
189000000 USD
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3500000000 USD
CY2017Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1700000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
460000000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
512000000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1889000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
7740000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
9278000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
10728000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
10669000000 USD
CY2016Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
25000000 USD
CY2017Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
25000000 USD
CY2016 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2017 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2016 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
1000000 USD
CY2017 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
1000000 USD
CY2016Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
349000000 USD
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
357000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
139000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
151000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
97000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
32000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
11000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
17000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
19000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
15000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
41000000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
610000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
595000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
609000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
607000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
593000000 shares
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying disclosures. We evaluate our estimates on a continuous basis. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. The actual amounts may vary from the estimates used in the preparation of the accompanying consolidated financial statements. We have reclassified certain prior period amounts to conform to current period presentation.</font></div></div>

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