2014 Form 10-K Financial Statement

#000093634015000014 Filed on February 13, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $12.30B $2.533B $2.387B
YoY Change 27.33% 7.83% 9.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.145B $283.0M $284.0M
YoY Change 4.66% 4.43% 7.17%
% of Gross Profit
Operating Expenses $10.73B $2.295B $2.063B
YoY Change 26.05% 10.6% 15.57%
Operating Profit $1.590B $241.0M $329.0M
YoY Change 32.17% -9.74% -18.97%
Interest Expense $429.0M -$107.0M $106.0M
YoY Change -1.61% 0.0% -2.75%
% of Operating Profit 26.98% -44.4% 32.22%
Other Income/Expense, Net -$315.0M $21.00M -$53.00M
YoY Change 12.1% 50.0% -23.19%
Pretax Income $1.275B $155.0M $276.0M
YoY Change 38.29% -10.92% -18.1%
Income Tax $364.0M $29.00M $76.00M
% Of Pretax Income 28.55% 18.71% 27.54%
Net Earnings $905.0M $124.0M $198.0M
YoY Change 36.91% 53.09% -12.78%
Net Earnings / Revenue 7.36% 4.9% 8.29%
Basic Earnings Per Share $5.11 $0.70 $1.13
Diluted Earnings Per Share $5.10 $0.70 $1.13
COMMON SHARES
Basic Shares Outstanding 177.0M shares 175.0M shares
Diluted Shares Outstanding 177.0M shares 176.0M shares

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.00M $52.00M $71.00M
YoY Change -7.69% -20.0% 20.34%
Cash & Equivalents $48.00M $52.00M $71.00M
Short-Term Investments
Other Short-Term Assets $637.0M $209.0M $248.0M
YoY Change 39.39% -2.79% 1.64%
Inventory $804.0M $628.0M $725.0M
Prepaid Expenses
Receivables $1.504B $1.542B $1.239B
Other Receivables $94.00M $127.0M $81.00M
Total Short-Term Assets $3.087B $2.806B $2.549B
YoY Change 10.01% -3.74% -6.63%
LONG-TERM ASSETS
Property, Plant & Equipment $16.82B $15.80B $15.51B
YoY Change 6.46% 7.6% 7.69%
Goodwill $2.018B $2.018B
YoY Change 0.0% -0.1%
Intangibles $134.0M $136.0M
YoY Change -13.55% 102.99%
Long-Term Investments $1.913B $415.0M $1.749B
YoY Change 5.05% -74.54% 7.37%
Other Assets $3.944B $198.0M $198.0M
YoY Change 20.76% 0.51% 4.21%
Total Long-Term Assets $24.89B $5.535B $6.448B
YoY Change 7.6% -22.58% -10.56%
TOTAL ASSETS
Total Short-Term Assets $3.087B $2.806B $2.549B
Total Long-Term Assets $24.89B $5.535B $6.448B
Total Assets $27.97B $25.94B $26.23B
YoY Change 7.86% -1.53% 1.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $973.0M $962.0M $866.0M
YoY Change 1.14% 13.44% 19.61%
Accrued Expenses $86.00M $90.00M $114.0M
YoY Change -4.44% -3.23% -6.56%
Deferred Revenue
YoY Change
Short-Term Debt $398.0M $131.0M $271.0M
YoY Change 203.82% -45.42% 176.53%
Long-Term Debt Due $274.0M $898.0M $896.0M
YoY Change -69.49% 9.91% 41.55%
Total Short-Term Liabilities $2.577B $3.189B $3.008B
YoY Change -19.19% 15.21% 30.27%
LONG-TERM LIABILITIES
Long-Term Debt $8.343B $6.618B $6.253B
YoY Change 15.65% 6.4% -4.18%
Other Long-Term Liabilities $4.936B $297.0M $290.0M
YoY Change 15.95% -2.94% -3.97%
Total Long-Term Liabilities $13.28B $7.578B $8.467B
YoY Change 15.76% -17.14% -6.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.577B $3.189B $3.008B
Total Long-Term Liabilities $13.28B $7.578B $8.467B
Total Liabilities $19.65B $10.77B $11.48B
YoY Change 9.07% -9.63% 1.03%
SHAREHOLDERS EQUITY
Retained Earnings $4.150B $4.142B
YoY Change 5.22% 4.36%
Common Stock $3.907B $3.885B
YoY Change 8.92% 8.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.327B $7.921B $7.876B
YoY Change
Total Liabilities & Shareholders Equity $27.97B $25.94B $26.23B
YoY Change 7.86% -1.53% 1.24%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $905.0M $124.0M $198.0M
YoY Change 36.91% 53.09% -12.78%
Depreciation, Depletion And Amortization $1.145B $283.0M $284.0M
YoY Change 4.66% 4.43% 7.17%
Cash From Operating Activities $1.845B $439.0M $448.0M
YoY Change -14.35% -8.54% -21.13%
INVESTING ACTIVITIES
Capital Expenditures -$2.049B -$505.0M -$466.0M
YoY Change 9.22% -15.55% 21.67%
Acquisitions $0.00
YoY Change
Other Investing Activities $20.00M -$64.00M $40.00M
YoY Change -44.44% -592.31% 29.03%
Cash From Investing Activities -$2.060B -$569.0M -$426.0M
YoY Change 8.08% -2.74% 21.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.00M
YoY Change -233.33%
Debt Paid & Issued, Net $1.237B
YoY Change 28.72%
Cash From Financing Activities $211.0M 111.0M 3.000M
YoY Change -180.84% 0.0% -100.88%
NET CHANGE
Cash From Operating Activities $1.845B 439.0M 448.0M
Cash From Investing Activities -$2.060B -569.0M -426.0M
Cash From Financing Activities $211.0M 111.0M 3.000M
Net Change In Cash -$4.000M -19.00M 25.00M
YoY Change -69.23% -416.67% -119.84%
FREE CASH FLOW
Cash From Operating Activities $1.845B $439.0M $448.0M
Capital Expenditures -$2.049B -$505.0M -$466.0M
Free Cash Flow $3.894B $944.0M $914.0M
YoY Change -3.37% -12.43% -3.89%

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CY2013Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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24000000 USD
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45000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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8000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2014Q4 us-gaap Finite Lived Intangible Assets Net
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102000000 USD
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0 USD
CY2014 us-gaap Gain Loss On Sale Of Business
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CY2014 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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922000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1275000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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674000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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668000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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911000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.89
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.76
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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5.11
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.88
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.76
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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5.10
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.33
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.33
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
CY2012 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Expense Benefit
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254000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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364000000 USD
CY2012 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
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4000000 USD
CY2013 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
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4000000 USD
CY2014 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
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4000000 USD
CY2012 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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14000000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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14000000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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0 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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-4000000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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336000000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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323000000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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446000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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37000000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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37000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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51000000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Investment
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6000000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Investment
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6000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Investment
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6000000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Other
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49000000 USD
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68000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Other
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119000000 USD
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173000000 USD
CY2013 us-gaap Income Taxes Paid Net
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121000000 USD
CY2014 us-gaap Income Taxes Paid Net
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154000000 USD
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40000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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14000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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128000000 USD
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199000000 USD
CY2012 us-gaap Increase Decrease In Inventories
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177000000 USD
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24000000 USD
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30000000 USD
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48000000 USD
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19000000 USD
CY2012 us-gaap Increase Decrease In Pension Plan Obligations
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280000000 USD
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165000000 USD
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266000000 USD
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CY2014 us-gaap Interest Expense
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1000000 shares
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CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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168000000 USD
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134000000 USD
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90000000 USD
CY2014Q4 us-gaap Interest Payable Current
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292000000 USD
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10000000 USD
CY2013 us-gaap Investment Income Interest
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9000000 USD
CY2014 us-gaap Investment Income Interest
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10000000 USD
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480000000 USD
CY2014Q4 us-gaap Junior Subordinated Long Term Notes
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480000000 USD
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34000000 USD
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012 us-gaap Net Income Loss
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610000000 USD
CY2013Q1 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss
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CY2014Q1 us-gaap Net Income Loss
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CY2014Q2 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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CY2014 us-gaap Nonoperating Income Expense
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CY2014Q4 us-gaap Notes And Loans Receivable Net Noncurrent
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90000000 USD
CY2012 us-gaap Operating Income Loss
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CY2013Q1 us-gaap Operating Income Loss
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410000000 USD
CY2013Q2 us-gaap Operating Income Loss
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223000000 USD
CY2013Q3 us-gaap Operating Income Loss
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329000000 USD
CY2013Q4 us-gaap Operating Income Loss
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CY2013 us-gaap Operating Income Loss
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CY2014Q1 us-gaap Operating Income Loss
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CY2014Q2 us-gaap Operating Income Loss
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CY2014Q3 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
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1590000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2014Q4 us-gaap Other Assets Current
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CY2014Q4 us-gaap Other Assets Noncurrent
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CY2014 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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22000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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2000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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18000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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9000000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2013Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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CY2014Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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50000000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013 us-gaap Payments For Repurchase Of Common Stock
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CY2014 us-gaap Payments For Repurchase Of Common Stock
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52000000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
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445000000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
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470000000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012 us-gaap Payments To Acquire Other Investments
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CY2014 us-gaap Payments To Acquire Other Investments
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CY2012 us-gaap Proceeds From Divestiture Of Businesses
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CY2014 us-gaap Proceeds From Divestiture Of Businesses
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CY2012 us-gaap Proceeds From Issuance Of Common Stock
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39000000 USD
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39000000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
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CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014 us-gaap Proceeds From Sale And Maturity Of Other Investments
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CY2012 us-gaap Proceeds From Sale Of Other Productive Assets
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38000000 USD
CY2013 us-gaap Proceeds From Sale Of Other Productive Assets
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36000000 USD
CY2014 us-gaap Proceeds From Sale Of Other Productive Assets
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CY2012 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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CY2014 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q2 us-gaap Revenues
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CY2014Q4 us-gaap Securitized Regulatory Transition Assets Noncurrent
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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42.60
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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43.56
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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41.14
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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39.41
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M27D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
43.56
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y4M27D
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CY2014Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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6000000 USD
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CY2012 us-gaap Stock Issued During Period Value Employee Benefit Plan
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80000000 USD
CY2013 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2012 us-gaap Stock Issued During Period Value New Issues
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CY2013 us-gaap Stock Issued During Period Value New Issues
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39000000 USD
CY2012 us-gaap Stock Option Plan Expense
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CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
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CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012 us-gaap Stockholders Equity Other
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CY2013 us-gaap Stockholders Equity Other
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CY2014 us-gaap Stockholders Equity Other
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340000000 USD
CY2014 us-gaap Taxes Excluding Income And Excise Taxes
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352000000 USD
CY2014 us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
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CY2012 us-gaap Trading Securities Realized Gain Loss
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11000000 USD
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14000000 USD
CY2012 us-gaap Undistributed Earnings
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CY2013 us-gaap Undistributed Earnings
UndistributedEarnings
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CY2014 us-gaap Undistributed Earnings
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CY2012 us-gaap Undistributed Earnings Diluted
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207000000 USD
CY2014 us-gaap Undistributed Earnings Diluted
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CY2011Q4 us-gaap Unrecognized Tax Benefits
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CY2012Q4 us-gaap Unrecognized Tax Benefits
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11000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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10000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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9000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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2000000 USD
CY2013 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 Prior Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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30000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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1000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2000000 USD
CY2012 us-gaap Utilities Operating Expense Maintenance And Operations
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2892000000 USD
CY2013 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
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CY2014 us-gaap Utilities Operating Expense Maintenance And Operations
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3347000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
79000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
94000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
95000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
16000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
23000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
20000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
195000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
124000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
116000000 USD
CY2014Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
0 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
172000000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
175000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
177000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
0 shares
CY2014 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues and energy costs related to trading contracts are presented on a net basis in the Consolidated Statements of Operations. Commodity derivatives used for trading purposes, and financial non-trading commodity derivatives, are accounted for using the MTM method with unrealized and realized gains and losses recorded in Operating revenues. Non-trading physical commodity sale and purchase derivative contracts are generally accounted for using the MTM method with unrealized and realized gains and losses for sales recorded in Operating revenue and purchases recorded in Fuel, purchased power and gas.</font></div></div>
CY2014 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivative assets and liabilities are comprised of physical and financial derivative contracts, including futures, forwards, options and swaps that are both exchange-traded and over-the-counter traded contracts. Various inputs are used to value derivatives depending on the type of contract and availability of market data. Exchange-traded derivative contracts are valued using quoted prices in active markets. DTE Energy considers the following criteria in determining whether a market is considered active: frequency in which pricing information is updated, variability in pricing between sources or over time and the availability of public information. Other derivative contracts are valued based upon a variety of inputs including commodity market prices, broker quotes, interest rates, credit ratings, default rates, market-based seasonality and basis differential factors. DTE Energy monitors the prices that are supplied by brokers and pricing services and may use a supplemental price source or change the primary price source of an index if prices become unavailable or another price source is determined to be more representative of fair value. DTE Energy has obtained an understanding of how these prices are derived. Additionally, DTE Energy selectively corroborates the fair value of its transactions by comparison of market-based price sources. Mathematical valuation models are used for derivatives for which external market data is not readily observable, such as contracts which extend beyond the actively traded reporting period. The Company has established a Risk Management Committee whose responsibilities include directly or indirectly ensuring all valuation methods are applied in accordance with predefined policies. The development and maintenance of our forward price curves has been assigned to our Risk Management Department, which is separate and distinct from the trading functions within the Company.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div>
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers.</font><font style="font-family:inherit;font-size:10pt;"> The objectives of this ASU are to improve upon revenue recognition requirements by providing a single comprehensive model to determine the measurement of revenue and timing of recognition. The core principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. This ASU also requires expanded qualitative and quantitative disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows arising from contracts with customers. The revenue standard is effective for the first interim period within annual reporting periods beginning after December 15, 2016 and is to be applied retrospectively. Early adoption is not permitted. The Company is currently assessing the impact of this ASU on its Consolidated Financial Statements.</font></div></div>

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