2018 Q4 Form 10-K Financial Statement

#000162828019001892 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $839.6M $3.346B $714.2M
YoY Change 17.56% 20.08% 4.78%
Cost Of Revenue $544.6M $2.156B $455.6M
YoY Change 19.53% 21.76% 5.0%
Gross Profit $295.0M $1.189B $258.6M
YoY Change 14.08% 17.16% 4.4%
Gross Profit Margin 35.14% 35.55% 36.21%
Selling, General & Admin $174.7M $711.9M $153.5M
YoY Change 13.81% 17.49% -4.12%
% of Gross Profit 59.22% 59.86% 59.36%
Research & Development $89.10M
YoY Change 52.31%
% of Gross Profit 7.49%
Depreciation & Amortization $35.90M $120.0M $18.70M
YoY Change 91.98% 65.06% 12.65%
% of Gross Profit 12.17% 10.09% 7.23%
Operating Expenses $174.7M $2.904B $153.5M
YoY Change 13.81% 21.13% -4.12%
Operating Profit $110.1M $441.3M $87.20M
YoY Change 26.26% 13.62% -195.2%
Interest Expense -$10.50M $50.90M -$8.100M
YoY Change 29.63% 41.0% -4.71%
% of Operating Profit -9.54% 11.53% -9.29%
Other Income/Expense, Net $4.800M -$29.90M $3.500M
YoY Change 37.14% 43.06% -72.22%
Pretax Income $104.4M $296.4M $82.80M
YoY Change 26.09% 9.74% -181.9%
Income Tax $15.40M $75.90M $24.40M
% Of Pretax Income 14.75% 25.61% 29.47%
Net Earnings $89.20M $335.6M -$28.70M
YoY Change -410.8% 95.34% -55.09%
Net Earnings / Revenue 10.62% 10.03% -4.02%
Basic Earnings Per Share $1.51 $5.63 -$0.48
Diluted Earnings Per Share $1.46 $5.50 -$0.48
COMMON SHARES
Basic Shares Outstanding 59.45M shares 59.60M shares 59.35M shares
Diluted Shares Outstanding 61.00M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $343.4M $343.4M $706.2M
YoY Change -51.37% -51.37% 38.55%
Cash & Equivalents $343.4M $343.4M $706.2M
Short-Term Investments
Other Short-Term Assets $76.20M $21.30M $19.60M
YoY Change 288.78% 8.67% 0.51%
Inventory $411.5M $411.5M $349.3M
Prepaid Expenses
Receivables $515.8M $570.7M $418.4M
Other Receivables $16.00M $16.00M $25.00M
Total Short-Term Assets $1.363B $1.363B $1.519B
YoY Change -10.25% -10.25% 15.41%
LONG-TERM ASSETS
Property, Plant & Equipment $599.1M $599.1M $282.4M
YoY Change 112.15% 112.15% 1.25%
Goodwill $1.404B $1.207B
YoY Change 16.31% 0.0%
Intangibles $478.3M $276.8M
YoY Change 72.8% -1.91%
Long-Term Investments
YoY Change
Other Assets $101.4M $120.2M $114.6M
YoY Change -11.52% -45.06% 20.63%
Total Long-Term Assets $2.680B $2.680B $2.075B
YoY Change 29.15% 29.15% -1.77%
TOTAL ASSETS
Total Short-Term Assets $1.363B $1.363B $1.519B
Total Long-Term Assets $2.680B $2.680B $2.075B
Total Assets $4.043B $4.043B $3.594B
YoY Change 12.5% 12.5% 4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $329.2M $329.2M $247.4M
YoY Change 33.06% 33.06% 10.84%
Accrued Expenses $337.1M $286.3M $252.1M
YoY Change 33.72% 27.19% 13.0%
Deferred Revenue $50.80M $27.00M
YoY Change 88.15%
Short-Term Debt $6.900M $0.00 $249.4M
YoY Change -97.23%
Long-Term Debt Due $6.900M $6.900M $249.4M
YoY Change -97.23% -97.23%
Total Short-Term Liabilities $740.2M $740.2M $837.5M
YoY Change -11.62% -11.62% 60.81%
LONG-TERM LIABILITIES
Long-Term Debt $942.3M $942.3M $494.1M
YoY Change 90.71% 90.71% -33.7%
Other Long-Term Liabilities $84.60M $779.9M $107.7M
YoY Change -21.45% -10.2% 7.92%
Total Long-Term Liabilities $1.027B $1.722B $601.8M
YoY Change 70.64% 26.39% -28.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $740.2M $740.2M $837.5M
Total Long-Term Liabilities $1.027B $1.722B $601.8M
Total Liabilities $2.516B $2.519B $2.245B
YoY Change 12.05% 12.02% -1.63%
SHAREHOLDERS EQUITY
Retained Earnings $2.072B $1.813B
YoY Change 14.27% 5.43%
Common Stock $72.40M $72.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $476.2M $452.1M
YoY Change 5.33% -1.57%
Treasury Stock Shares 12.92M shares 13.01M shares
Shareholders Equity $1.524B $1.524B $1.345B
YoY Change
Total Liabilities & Shareholders Equity $4.043B $4.043B $3.594B
YoY Change 12.5% 12.5% 4.83%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $89.20M $335.6M -$28.70M
YoY Change -410.8% 95.34% -55.09%
Depreciation, Depletion And Amortization $35.90M $120.0M $18.70M
YoY Change 91.98% 65.06% 12.65%
Cash From Operating Activities $191.4M $413.8M $143.3M
YoY Change 33.57% 30.33% -4.28%
INVESTING ACTIVITIES
Capital Expenditures -$33.20M $108.8M -$14.70M
YoY Change 125.85% 122.04% 13.08%
Acquisitions $648.0M
YoY Change 1082.48%
Other Investing Activities $3.200M -$643.5M $17.10M
YoY Change -81.29% 1606.9% 17000.0%
Cash From Investing Activities -$30.00M -$752.3M $2.400M
YoY Change -1350.0% 767.7% -118.6%
FINANCING ACTIVITIES
Cash Dividend Paid $83.50M
YoY Change 6.51%
Common Stock Issuance & Retirement, Net $50.10M
YoY Change 100.4%
Debt Paid & Issued, Net $452.2M
YoY Change
Cash From Financing Activities -136.9M -$7.900M -17.70M
YoY Change 673.45% -90.22% -51.64%
NET CHANGE
Cash From Operating Activities 191.4M $413.8M 143.3M
Cash From Investing Activities -30.00M -$752.3M 2.400M
Cash From Financing Activities -136.9M -$7.900M -17.70M
Net Change In Cash 24.50M -$362.8M 128.0M
YoY Change -80.86% -341.87% 27.74%
FREE CASH FLOW
Cash From Operating Activities $191.4M $413.8M $143.3M
Capital Expenditures -$33.20M $108.8M -$14.70M
Free Cash Flow $224.6M $305.0M $158.0M
YoY Change 42.15% 13.59% -2.89%

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2029
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63500000 USD
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270100000 USD
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296400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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100600000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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97400000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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115000000 USD
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164100000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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367500000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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411400000 USD
CY2016 us-gaap Income Tax Expense Benefit
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40300000 USD
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195000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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75900000 USD
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69800000 USD
CY2017 us-gaap Income Taxes Paid Net
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84100000 USD
CY2018 us-gaap Income Taxes Paid Net
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58400000 USD
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5500000 USD
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17500000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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37000000 USD
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6200000 USD
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10100000 USD
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8600000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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9600000 USD
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30800000 USD
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40900000 USD
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38800000 USD
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2400000 USD
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11400000 USD
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800000 shares
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1000000 shares
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0 USD
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69900000 USD
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481800000 USD
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18200000 USD
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252800000 USD
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36500000 USD
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36100000 USD
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50900000 USD
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36800000 USD
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36000000 USD
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47500000 USD
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101100000 USD
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150500000 USD
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194000000 USD
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51600000 USD
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55400000 USD
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1900000 USD
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2500000 USD
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26600000 USD
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33800000 USD
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75800000 USD
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62300000 USD
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816000000 USD
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494100000 USD
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942300000 USD
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3300000 USD
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2900000 USD
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2300000 USD
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318100000 USD
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317500000 USD
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413800000 USD
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1000000 USD
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700000 USD
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4 Segment
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240500000 USD
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86900000 USD
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96100000 USD
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35200000 USD
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26200000 USD
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0 USD
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122200000 USD
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45900000 USD
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6300000 USD
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6300000 USD
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25000000 USD
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50100000 USD
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2600000 USD
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5400000 USD
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54800000 USD
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648000000 USD
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51500000 USD
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49000000 USD
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108800000 USD
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59800000 USD
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244000000 USD
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0.28
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0.01
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0.01
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5000000 shares
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CY2018Q4 us-gaap Preferred Stock Value
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400000 USD
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5400000 USD
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0 USD
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0 USD
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14100000 USD
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900000 USD
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22300000 USD
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1900000 USD
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26400000 USD
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25200000 USD
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16100000 USD
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100000 USD
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1100000 USD
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14600000 USD
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18200000 USD
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14700000 USD
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12000000 USD
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13400000 USD
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14600000 USD
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599100000 USD
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6100000 USD
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2200000 USD
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1100000 USD
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0.38
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0 USD
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0 USD
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452200000 USD
CY2016 us-gaap Repayments Of Short Term Debt
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0 USD
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0 USD
CY2018 us-gaap Repayments Of Short Term Debt
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100000000 USD
CY2016 us-gaap Research And Development Expense
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61500000 USD
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58500000 USD
CY2018 us-gaap Research And Development Expense
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58400000 USD
CY2016 us-gaap Restructuring Charges
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0 USD
CY2017 us-gaap Restructuring Charges
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13000000 USD
CY2018 us-gaap Restructuring Charges
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7200000 USD
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1813300000 USD
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2072100000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
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1073000000 USD
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2748000000 USD
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673400000 USD
CY2017Q2 us-gaap Revenues
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702500000 USD
CY2017Q3 us-gaap Revenues
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695900000 USD
CY2017Q4 us-gaap Revenues
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714200000 USD
CY2017 us-gaap Revenues
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2786000000 USD
CY2018Q1 us-gaap Revenues
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799100000 USD
CY2018Q2 us-gaap Revenues
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851000000 USD
CY2018Q3 us-gaap Revenues
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855800000 USD
CY2018Q4 us-gaap Revenues
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839600000 USD
CY2018 us-gaap Revenues
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3345500000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
610600000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
605900000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
721000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
21700000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
21800000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
21600000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0408
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0227
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0174
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0159
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0194
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0245
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.2341
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.2332
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.2325
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1049000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
56.43
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14800000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
16900000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
17600000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
102000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
66.70
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
412000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.52
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.98
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.79
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2550000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2410000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
56.45
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
62.84
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
15800000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
29900000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
16700000 USD
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
53.73
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
93.40
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y2M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y2M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y2M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M24D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7800000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6300000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6500000 USD
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
249400000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6900000 USD
CY2018Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
6800000 USD
CY2017 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
300000 USD
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
450000 shares
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
11500000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
30400000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
30600000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5900000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25000000 USD
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50100000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1345200000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1524200000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1150800000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1145700000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1348500000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1527100000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
13014503 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
12917713 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
331632 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
582066 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
452100000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
476200000 USD
CY2018Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
232400000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45200000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46500000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46400000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7300000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1100000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7200000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
400000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
700000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10300000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9500000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
47600000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
49200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
43100000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59300000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60400000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58500000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59400000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59600000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates. </font><font style="font-family:inherit;font-size:10pt;">These accounting principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results may differ from those estimated. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the financial statements in the period in which they are determined to be necessary. Estimates are used when accounting for such items as asset valuations, allowance for doubtful accounts, depreciation and amortization, impairment assessments, reserve for excess and obsolete inventory, reserve for warranty provision, restructuring provisions, employee benefits, taxes, asbestos liability and related insurance receivable, environmental liability and contingencies.</font></div></div>

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