$EMN
EASTMAN CHEMICAL CO

2016 Q2 Form 10-Q Financial Statement

#000091538916000147 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2 2015 Q1
Revenue $2.297B $2.533B $2.443B
YoY Change -9.32% 2.97% 5.99%
Cost Of Revenue $1.692B $1.813B $1.787B
YoY Change -6.67% 0.55% 4.5%
Gross Profit $605.0M $720.0M $656.0M
YoY Change -15.97% 9.59% 10.25%
Gross Profit Margin 26.34% 28.42% 26.85%
Selling, General & Admin $174.0M $194.0M $180.0M
YoY Change -10.31% 12.79% 7.14%
% of Gross Profit 28.76% 26.94% 27.44%
Research & Development $55.00M $57.00M $56.00M
YoY Change -3.51% 1.79% 5.66%
% of Gross Profit 9.09% 7.92% 8.54%
Depreciation & Amortization $144.0M $142.0M $145.0M
YoY Change 1.41% 29.09% 35.51%
% of Gross Profit 23.8% 19.72% 22.1%
Operating Expenses $229.0M $251.0M $236.0M
YoY Change -8.76% 10.09% 6.79%
Operating Profit $376.0M $469.0M $311.0M
YoY Change -19.83% 7.57% -13.85%
Interest Expense -$62.00M -$59.00M -$54.00M
YoY Change 5.08% 37.21% 38.46%
% of Operating Profit -16.49% -12.58% -17.36%
Other Income/Expense, Net $20.00M $0.00 $11.00M
YoY Change -100.0% 266.67%
Pretax Income $324.0M $403.0M $256.0M
YoY Change -19.6% 1.0% -20.5%
Income Tax $67.00M $104.0M $84.00M
% Of Pretax Income 20.68% 25.81% 32.81%
Net Earnings $255.0M $297.0M $171.0M
YoY Change -14.14% 1.71% -26.61%
Net Earnings / Revenue 11.1% 11.73% 7.0%
Basic Earnings Per Share $1.73 $2.00 $1.15
Diluted Earnings Per Share $1.71 $1.98 $1.14
COMMON SHARES
Basic Shares Outstanding 147.8M shares 148.6M shares 148.7M shares
Diluted Shares Outstanding 148.9M shares 149.8M shares 149.7M shares

Balance Sheet

Concept 2016 Q2 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.0M $268.0M $196.0M
YoY Change -10.45% 53.14% 5.95%
Cash & Equivalents $240.0M $268.0M $196.0M
Short-Term Investments
Other Short-Term Assets $68.00M $272.0M $307.0M
YoY Change -75.0% 17.75% 39.55%
Inventory $1.445B $1.439B $1.447B
Prepaid Expenses
Receivables $951.0M $1.021B $998.0M
Other Receivables $226.0M $167.0M $218.0M
Total Short-Term Assets $2.930B $3.167B $3.166B
YoY Change -7.48% 6.06% 7.36%
LONG-TERM ASSETS
Property, Plant & Equipment $5.162B $5.011B $4.957B
YoY Change 3.01% 15.38% 15.25%
Goodwill $4.520B $4.474B $4.419B
YoY Change 1.03% 65.64% 67.64%
Intangibles $2.585B $2.777B $2.821B
YoY Change -6.91% 47.63% 62.31%
Long-Term Investments
YoY Change
Other Assets $385.0M $457.0M $471.0M
YoY Change -15.75% 39.76% 45.82%
Total Long-Term Assets $12.65B $12.72B $12.67B
YoY Change -0.53% 37.47% 40.79%
TOTAL ASSETS
Total Short-Term Assets $2.930B $3.167B $3.166B
Total Long-Term Assets $12.65B $12.72B $12.67B
Total Assets $15.58B $15.89B $15.83B
YoY Change -1.91% 29.81% 32.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $610.0M $712.0M $705.0M
YoY Change -14.33% 1.14% -3.29%
Accrued Expenses $172.0M $142.0M $92.00M
YoY Change 21.13% -17.44% -22.69%
Deferred Revenue
YoY Change
Short-Term Debt $722.0M $251.0M $351.0M
YoY Change 187.65%
Long-Term Debt Due $722.0M $251.0M $351.0M
YoY Change 187.65%
Total Short-Term Liabilities $2.189B $1.821B $1.764B
YoY Change 20.21% 42.94% 40.11%
LONG-TERM LIABILITIES
Long-Term Debt $6.082B $7.072B $7.293B
YoY Change -14.0% 48.17% 57.35%
Other Long-Term Liabilities $568.0M $696.0M $744.0M
YoY Change -18.39% 79.38% 86.93%
Total Long-Term Liabilities $6.650B $7.768B $8.037B
YoY Change -14.39% 50.51% 59.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.189B $1.821B $1.764B
Total Long-Term Liabilities $6.650B $7.768B $8.037B
Total Liabilities $11.13B $12.04B $12.31B
YoY Change -7.57% 45.44% 51.27%
SHAREHOLDERS EQUITY
Retained Earnings $5.517B $4.893B $4.656B
YoY Change 12.75% 10.43% 11.1%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.725B $2.608B $2.603B
YoY Change 4.49% 3.21% 7.25%
Treasury Stock Shares 69.77M shares 68.10M shares 68.03M shares
Shareholders Equity $4.375B $3.764B $3.443B
YoY Change
Total Liabilities & Shareholders Equity $15.58B $15.89B $15.83B
YoY Change -1.91% 29.81% 32.54%

Cashflow Statement

Concept 2016 Q2 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $255.0M $297.0M $171.0M
YoY Change -14.14% 1.71% -26.61%
Depreciation, Depletion And Amortization $144.0M $142.0M $145.0M
YoY Change 1.41% 29.09% 35.51%
Cash From Operating Activities $494.0M $591.0M $91.00M
YoY Change -16.41% 41.05% -403.33%
INVESTING ACTIVITIES
Capital Expenditures -$124.0M -$141.0M $125.0M
YoY Change -12.06% 6.82% 2.46%
Acquisitions $0.00
YoY Change
Other Investing Activities $38.00M -$2.000M $1.000M
YoY Change -2000.0% -99.27% -75.0%
Cash From Investing Activities -$86.00M -$143.0M -$122.0M
YoY Change -39.86% -64.69% 2.52%
FINANCING ACTIVITIES
Cash Dividend Paid $59.00M
YoY Change 11.32%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -369.0M -376.0M $17.00M
YoY Change -1.86% 1292.59% -82.65%
NET CHANGE
Cash From Operating Activities 494.0M 591.0M $91.00M
Cash From Investing Activities -86.00M -143.0M -$122.0M
Cash From Financing Activities -369.0M -376.0M $17.00M
Net Change In Cash 39.00M 72.00M -$14.00M
YoY Change -45.83% -653.85% -72.55%
FREE CASH FLOW
Cash From Operating Activities $494.0M $591.0M $91.00M
Capital Expenditures -$124.0M -$141.0M $125.0M
Free Cash Flow $618.0M $732.0M -$34.00M
YoY Change -15.57% 32.85% -77.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000915389
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
147711985 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015Q4 dei Entity Public Float
EntityPublicFloat
12041772344 USD
dei Entity Registrant Name
EntityRegistrantName
EASTMAN CHEMICAL CO
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015Q2 emn Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Hedges Before Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossFromHedgesBeforeTax
333000000 USD
CY2016Q2 emn Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Hedges Before Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossFromHedgesBeforeTax
282000000 USD
CY2016Q2 emn Bookedvalueofdebtextinguished
Bookedvalueofdebtextinguished
498000000 USD
CY2015Q4 emn Cash Drawn From Facility
CashDrawnFromFacility
106000000 USD
CY2016Q2 emn Cash Drawn From Facility
CashDrawnFromFacility
104000000 USD
CY2016Q2 emn Concentration Risk Credit Risk Financial Instrument Maximum Exposure Percent
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposurePercent
0.10
emn Increase Decrease In Other Noncurrent Liabilities And Equity
IncreaseDecreaseInOtherNoncurrentLiabilitiesAndEquity
-107000000 USD
emn Increase Decrease In Other Noncurrent Liabilities And Equity
IncreaseDecreaseInOtherNoncurrentLiabilitiesAndEquity
-42000000 USD
CY2016Q2 emn Operating Lease Commitments Cancelable Noncancelable
OperatingLeaseCommitmentsCancelableNoncancelable
265000000 USD
CY2016Q2 emn Operating Lease Commitments Machinery And Equipment Percentage
OperatingLeaseCommitmentsMachineryAndEquipmentPercentage
0.10
CY2016Q2 emn Operating Lease Commitments Railcars Percentage
OperatingLeaseCommitmentsRailcarsPercentage
0.40
CY2016Q2 emn Operating Lease Commitments Real Property Percentage
OperatingLeaseCommitmentsRealPropertyPercentage
0.50
emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses
39000000 USD
emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses
43000000 USD
CY2016Q2 emn Percentage Of Sale On Receivables
PercentageOfSaleOnReceivables
0.85
CY2015Q2 emn Receivable Sold Under Factoring Arrangement
ReceivableSoldUnderFactoringArrangement
240000000 USD
emn Receivable Sold Under Factoring Arrangement
ReceivableSoldUnderFactoringArrangement
509000000 USD
CY2016Q2 emn Receivable Sold Under Factoring Arrangement
ReceivableSoldUnderFactoringArrangement
225000000 USD
emn Receivable Sold Under Factoring Arrangement
ReceivableSoldUnderFactoringArrangement
460000000 USD
emn Variable Cash Compensation In Excess Of Less Than Expenses
VariableCashCompensationInExcessOfLessThanExpenses
24000000 USD
emn Variable Cash Compensation In Excess Of Less Than Expenses
VariableCashCompensationInExcessOfLessThanExpenses
67000000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1076935 shares
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1625000000 USD
CY2016Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1467000000 USD
CY2015Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
361000000 USD
CY2016Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
383000000 USD
CY2015Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
699000000 USD
CY2016Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
610000000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
792000000 USD
CY2016Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
951000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
336000000 USD
CY2016Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
332000000 USD
CY2015Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
35000000 USD
CY2016Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
30000000 USD
CY2015Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
301000000 USD
CY2016Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
302000000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6104000000 USD
CY2016Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6278000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-269000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-234000000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-177000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-61000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-129000000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-115000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-68000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-284000000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-248000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-277000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-390000000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-311000000 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1863000000 USD
CY2016Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1892000000 USD
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21000000 USD
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20000000 USD
CY2015Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13000000 USD
CY2016Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12000000 USD
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
619418 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
272143 shares
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1056961 shares
us-gaap Asset Impairment Charges
AssetImpairmentCharges
89000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2015Q4 us-gaap Assets
Assets
15580000000 USD
CY2016Q2 us-gaap Assets
Assets
15582000000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
2878000000 USD
CY2016Q2 us-gaap Assets Current
AssetsCurrent
2930000000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
214000000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
268000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
293000000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
240000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
54000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-53000000 USD
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.80
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.46
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.92
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
216899964 shares
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
217431231 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
2000000 USD
CY2016Q2 us-gaap Common Stock Value
CommonStockValue
2000000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
375000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
382000000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
249000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
585000000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
377000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
385000000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
251000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
587000000 USD
CY2015Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1813000000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
3600000000 USD
CY2016Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1692000000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
3294000000 USD
CY2015Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
7008000000 USD
CY2016Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
6804000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-30000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
47000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
928000000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1014000000 USD
us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-2000000 USD
us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
287000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
291000000 USD
CY2016Q2 us-gaap Derivative Assets
DerivativeAssets
109000000 USD
CY2015Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-41000000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-36000000 USD
CY2016Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-52000000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-59000000 USD
CY2015Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000000 USD
CY2016Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-23000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-14000000 USD
CY2016Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
325000000 USD
CY2015Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
60000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
120000000 USD
CY2016Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
68000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
135000000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.15
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.12
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.40
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1000000 USD
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
227000000 USD
CY2016Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
172000000 USD
CY2015Q4 us-gaap Environmental Exit Costs Costs Accrued To Date
EnvironmentalExitCostsCostsAccruedToDate
8000000 USD
CY2016Q2 us-gaap Environmental Exit Costs Costs Accrued To Date
EnvironmentalExitCostsCostsAccruedToDate
8000000 USD
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 USD
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
17000000 USD
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
4518000000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
4520000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2000000 USD
us-gaap Goodwill Transfers
GoodwillTransfers
0 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
720000000 USD
us-gaap Gross Profit
GrossProfit
1376000000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
605000000 USD
us-gaap Gross Profit
GrossProfit
1239000000 USD
CY2016Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
125000000 USD
CY2016Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
35000000 USD
CY2016Q2 us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
30 years
CY2015Q4 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
218000000 USD
CY2016Q2 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
206000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
297000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
468000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
255000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
506000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
403000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
659000000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
324000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
647000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.00
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.15
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.73
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.43
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.98
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.12
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.71
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.40
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
188000000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
139000000 USD
CY2016Q2 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
16000000 USD
us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
16000000 USD
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
9000000 USD
CY2015Q2 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
6000000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-109000000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-76000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
103000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
151000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-43000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-41000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-15000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
13000000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
139000000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
40000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-48000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-14000000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2650000000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2585000000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-66000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-132000000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-63000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-127000000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1063000000 USD
CY2016Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1038000000 USD
CY2015Q4 us-gaap Inventory Gross
InventoryGross
1775000000 USD
CY2016Q2 us-gaap Inventory Gross
InventoryGross
1716000000 USD
CY2015Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
296000000 USD
CY2016Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
271000000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
1479000000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
1445000000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
500000000 USD
CY2016Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
469000000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
212000000 USD
CY2016Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
209000000 USD
CY2016Q2 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P40Y0M0D
CY2015Q4 us-gaap Liabilities
Liabilities
11559000000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
11129000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15580000000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15582000000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2056000000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2189000000 USD
CY2016Q2 us-gaap Line Of Credit Facility Capacity Available For Trade Purchases
LineOfCreditFacilityCapacityAvailableForTradePurchases
158000000 EUR
CY2016Q2 us-gaap Line Of Credit Facility Capacity Available For Trade Purchases
LineOfCreditFacilityCapacityAvailableForTradePurchases
175000000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6577000000 USD
CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6082000000 USD
CY2016Q2 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P30Y0M0D
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
1000000 USD
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
2000000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
80000000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
78000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-359000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-381000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-265000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-212000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
682000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
541000000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
297000000 USD
us-gaap Net Income Loss
NetIncomeLoss
468000000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
255000000 USD
us-gaap Net Income Loss
NetIncomeLoss
506000000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
31000000 USD
CY2016Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
469000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
780000000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
376000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
775000000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
68000000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
68000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
404000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
385000000 USD
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-10000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-17000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-11000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-22000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-11000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
68000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-14000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
80000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-55000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
34000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
106000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
9000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
61000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
35000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
71000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
57000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
76000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-136000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-70000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
36000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
76000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-136000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-216000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-70000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
36000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
78000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-86000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-113000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
79000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-40000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-35000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-53000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-60000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-25000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-22000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-33000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-37000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-26000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
63000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
62000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
32000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-16000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
39000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
38000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
20000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
701000000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
568000000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
95000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1000000 USD
CY2015Q4 us-gaap Other Receivables
OtherReceivables
246000000 USD
CY2016Q2 us-gaap Other Receivables
OtherReceivables
226000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000000 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
31000000 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
45000000 USD
CY2015 us-gaap Payments For Restructuring
PaymentsForRestructuring
42000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
22000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
119000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
136000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
266000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
234000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
120000000 USD
CY2016Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
96000000 USD
us-gaap Pension Contributions
PensionContributions
0 USD
us-gaap Pension Contributions
PensionContributions
0 USD
CY2015Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.60
CY2016Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.60
CY2015Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
1297000000 USD
CY2016Q2 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
1276000000 USD
CY2016Q2 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
65000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
807000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
12000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
12000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
157000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
174000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-208000000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
4000000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
41000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
299000000 USD
us-gaap Profit Loss
ProfitLoss
471000000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
257000000 USD
us-gaap Profit Loss
ProfitLoss
508000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11234000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11440000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5130000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5162000000 USD
CY2016Q2 us-gaap Purchase Obligation
PurchaseObligation
1500000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
625000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
807000000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
113000000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
109000000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
28000000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
66000000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
43000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
1000000 USD
CY2015 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
183000000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
-2000000 USD
CY2015 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
103000000 USD
CY2015Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
109000000 USD
CY2016Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-2000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4545000000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4656000000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4893000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5146000000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5330000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5517000000 USD
CY2015Q2 us-gaap Revenues
Revenues
2533000000 USD
us-gaap Revenues
Revenues
4976000000 USD
CY2016Q2 us-gaap Revenues
Revenues
2297000000 USD
us-gaap Revenues
Revenues
4533000000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2533000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4976000000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2297000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4533000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
194000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
374000000 USD
CY2016Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
722000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
20000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
357000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
431000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3941000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
4375000000 USD
CY2015Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
6621000000 USD
CY2016Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
7100000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4021000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4453000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-3000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
69137973 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
69770044 shares
CY2015Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
65000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
435000 shares
CY2016Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
344790 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
632071 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2680000000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2725000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45000000 USD
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1100000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1100000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149800000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148900000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148600000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147800000 shares
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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENTLY ISSUED ACCOUNTING STANDARDS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB and International Accounting Standards Board jointly issued new principles-based accounting guidance for revenue recognition that will supersede virtually all existing revenue guidance. The core principle of this guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. To achieve the core principle, the guidance establishes the following five steps: 1) identify the contract(s) with a customer, 2) identify the performance obligation in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance also details the accounting treatment for costs to obtain or fulfill a contract. Lastly, disclosure requirements have been enhanced to provide sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued new guidance to delay the effective date of the new revenue standard by one year. The deferral results in the new revenue standard being effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early application is permitted under the original effective date of fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. In April 2016, the FASB issued clarifying guidance to the 2014 revenue standard in regards to the identification of performance obligations and licensing. In May 2016, the FASB issued narrow-scope improvements and practical expedients to the new revenue standard that includes clarification of the collectability criterion, specification for the measurement of noncash considerations, clarifies a completed contract for transition purposes and clarification in regards to the retrospective application, as well as, policy elections, and practical expedients. The effective date for both amendments is the same as that of the revenue standard stated above. The Company is currently evaluating the impact on the Company's financial position and results of operations and related disclosures.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued targeted improvements in regards to the recognition and measurement of financial assets and financial liabilities. The changes are as follows: requires equity investments (except equity method and consolidated investments) to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, when a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value; eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; and requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. This guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period and early adoption is permitted but limited. The new guidance is to be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption and for equity securities without readily determinable fair values, applied prospectively to equity investments that exist as of the date of adoption. The Company has concluded that changes in its accounting required by this new guidance will not materially impact the Company's financial position or results of operations and related disclosures.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued guidance on lease accounting. The new guidance establishes two types of leases for lessees: finance or operating. The guidance for lessors is largely unchanged. Under the guidance, a lessee is to recognize a right-of-use asset and lease liability that arises from a lease. A lessee can make a policy election, by asset class, to not recognize lease assets or liabilities for leases with a term of 12 months or less. Both finance and operating leases will have associated right-of-use assets and liabilities initially measured at the present value of the lease payments. Current and noncurrent balance sheet classification will apply. Finance leases will have another reported element for interest associated with the principal lease liability. The component concept from the 2014 revenue recognition standard has been included in the new lease standard which will guide identification of individual assets and non-lease components. As with current GAAP, the guidance does not apply to the following leases: intangible assets to explore for or use minerals, oil, natural gas, and similar nonregenerative resources, biological assets (includes timber), inventory, or assets under construction. This guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and early adoption is permitted. The new guidance is to be applied under a modified retrospective approach wherein practical expedients have been allowed that will not require reassessment of current leases at the effective date. The Company is currently evaluating the impact on the Company's financial position and results of operations and related disclosures.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance for derivatives and hedging given lack of specific guidance and diversity in practice. The guidance clarifies that a change in the counterparty to a derivative instrument does not, in and of itself, require dedesignation of that hedge accounting relationship provided all other hedge accounting criteria continue to be met (specifically points to counterparty credit worthiness). This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early adoption is permitted, including adoption in an interim period. The new guidance is to be applied under the prospective method or modified retrospective approach. The Company has concluded that changes in its accounting required by this new guidance will not materially impact the Company's financial position or results of operations and related disclosures.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued guidance for stock compensation as a part of the simplification initiative that covers related tax accounting, cash flow presentation, and forfeitures. The two tax accounting related amendments are as follows: all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized within income tax expense or benefit in the income statement, the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur, an entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period; and the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. The cash flow presentation items sets forth that excess tax benefits should be classified along with other income tax cash flows as an operating activity and cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. For forfeitures, an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early adoption is permitted, including adoption in an interim period. The new guidance application is mixed among the various elements that include, retrospective, prospective, and modified retrospective transition methods. The Company is currently evaluating the impact on the Company's financial position and results of operations and related disclosures.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued guidance relating to credit losses. The amendments require a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected through the use of allowances for credit losses valuation account. The income statement will reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. This guidance is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period and early adoption is permitted, including adoption in an interim period, beginning after December 15, 2018. The new guidance application is mixed among the various elements that include, modified retrospective and prospective transition methods. The Company is currently evaluating the impact on the Company's financial position and results of operations and related disclosures.</font></div></div>

Files In Submission

Name View Source Status
0000915389-16-000147-index-headers.html Edgar Link pending
0000915389-16-000147-index.html Edgar Link pending
0000915389-16-000147.txt Edgar Link pending
0000915389-16-000147-xbrl.zip Edgar Link pending
eastmanlogo.jpg Edgar Link pending
emn-20160630.xml Edgar Link completed
emn-20160630.xsd Edgar Link pending
emn-20160630_cal.xml Edgar Link unprocessable
emn-20160630_def.xml Edgar Link unprocessable
emn-20160630_lab.xml Edgar Link unprocessable
emn-20160630_pre.xml Edgar Link unprocessable
emn20160630-ex1201.htm Edgar Link pending
emn20160630-ex3101.htm Edgar Link pending
emn20160630-ex3102.htm Edgar Link pending
emn20160630-ex3201.htm Edgar Link pending
emn20160630-ex3202.htm Edgar Link pending
emn2016063010q.htm Edgar Link pending
ex1001tamincousfactoring.htm Edgar Link pending
ex1001tamincousfactoring001.jpg Edgar Link pending
ex1001tamincousfactoring002.jpg Edgar Link pending
ex1001tamincousfactoring003.jpg Edgar Link pending
ex1001tamincousfactoring004.jpg Edgar Link pending
ex1001tamincousfactoring005.jpg Edgar Link pending
ex1001tamincousfactoring006.jpg Edgar Link pending
ex1001tamincousfactoring007.jpg Edgar Link pending
ex1001tamincousfactoring008.jpg Edgar Link pending
ex1001tamincousfactoring009.jpg Edgar Link pending
ex1001tamincousfactoring010.jpg Edgar Link pending
ex1001tamincousfactoring011.jpg Edgar Link pending
ex1001tamincousfactoring012.jpg Edgar Link pending
ex1001tamincousfactoring013.jpg Edgar Link pending
ex1001tamincousfactoring014.jpg Edgar Link pending
ex1001tamincousfactoring015.jpg Edgar Link pending
ex1001tamincousfactoring016.jpg Edgar Link pending
ex1001tamincousfactoring017.jpg Edgar Link pending
ex1001tamincousfactoring018.jpg Edgar Link pending
ex1001tamincousfactoring019.jpg Edgar Link pending
ex1001tamincousfactoring020.jpg Edgar Link pending
ex1001tamincousfactoring021.jpg Edgar Link pending
ex1001tamincousfactoring022.jpg Edgar Link pending
ex1001tamincousfactoring023.jpg Edgar Link pending
ex1001tamincousfactoring024.jpg Edgar Link pending
ex1001tamincousfactoring025.jpg Edgar Link pending
ex1001tamincousfactoring026.jpg Edgar Link pending
ex1001tamincousfactoring027.jpg Edgar Link pending
ex1001tamincousfactoring028.jpg Edgar Link pending
ex1001tamincousfactoring029.jpg Edgar Link pending
ex1001tamincousfactoring030.jpg Edgar Link pending
ex1001tamincousfactoring031.jpg Edgar Link pending
ex1001tamincousfactoring032.jpg Edgar Link pending
ex1001tamincousfactoring033.jpg Edgar Link pending
ex1001tamincousfactoring034.jpg Edgar Link pending
ex1001tamincousfactoring035.jpg Edgar Link pending
ex1001tamincousfactoring036.jpg Edgar Link pending
ex1001tamincousfactoring037.jpg Edgar Link pending
ex1001tamincousfactoring038.jpg Edgar Link pending
ex1001tamincousfactoring039.jpg Edgar Link pending
ex1001tamincousfactoring040.jpg Edgar Link pending
ex1001tamincousfactoring041.jpg Edgar Link pending
ex1001tamincousfactoring042.jpg Edgar Link pending
ex1001tamincousfactoring043.jpg Edgar Link pending
ex1002tamincobvbafactori.htm Edgar Link pending
ex1002tamincobvbafactori001.jpg Edgar Link pending
ex1002tamincobvbafactori002.jpg Edgar Link pending
ex1002tamincobvbafactori003.jpg Edgar Link pending
ex1002tamincobvbafactori004.jpg Edgar Link pending
ex1002tamincobvbafactori005.jpg Edgar Link pending
ex1002tamincobvbafactori006.jpg Edgar Link pending
ex1002tamincobvbafactori007.jpg Edgar Link pending
ex1002tamincobvbafactori008.jpg Edgar Link pending
ex1002tamincobvbafactori009.jpg Edgar Link pending
ex1002tamincobvbafactori010.jpg Edgar Link pending
ex1002tamincobvbafactori011.jpg Edgar Link pending
ex1002tamincobvbafactori012.jpg Edgar Link pending
ex1002tamincobvbafactori013.jpg Edgar Link pending
ex1002tamincobvbafactori014.jpg Edgar Link pending
ex1002tamincobvbafactori015.jpg Edgar Link pending
ex1002tamincobvbafactori016.jpg Edgar Link pending
ex1002tamincobvbafactori017.jpg Edgar Link pending
ex1002tamincobvbafactori018.jpg Edgar Link pending
ex1002tamincobvbafactori019.jpg Edgar Link pending
ex1002tamincobvbafactori020.jpg Edgar Link pending
ex1002tamincobvbafactori021.jpg Edgar Link pending
ex1002tamincobvbafactori022.jpg Edgar Link pending
ex1002tamincobvbafactori023.jpg Edgar Link pending
ex1002tamincobvbafactori024.jpg Edgar Link pending
ex1002tamincobvbafactori025.jpg Edgar Link pending
ex1002tamincobvbafactori026.jpg Edgar Link pending
ex1002tamincobvbafactori027.jpg Edgar Link pending
ex1002tamincobvbafactori028.jpg Edgar Link pending
ex1002tamincobvbafactori029.jpg Edgar Link pending
ex1002tamincobvbafactori030.jpg Edgar Link pending
ex1002tamincobvbafactori031.jpg Edgar Link pending
ex1002tamincobvbafactori032.jpg Edgar Link pending
ex1002tamincobvbafactori033.jpg Edgar Link pending
ex1002tamincobvbafactori034.jpg Edgar Link pending
ex1002tamincobvbafactori035.jpg Edgar Link pending
ex1002tamincobvbafactori036.jpg Edgar Link pending
ex1002tamincobvbafactori037.jpg Edgar Link pending
ex1002tamincobvbafactori038.jpg Edgar Link pending
ex1002tamincobvbafactori039.jpg Edgar Link pending
ex1002tamincobvbafactori040.jpg Edgar Link pending
ex1002tamincobvbafactori041.jpg Edgar Link pending
ex1002tamincobvbafactori042.jpg Edgar Link pending
ex1002tamincobvbafactori043.jpg Edgar Link pending
ex1002tamincobvbafactori044.jpg Edgar Link pending
ex1002tamincobvbafactori045.jpg Edgar Link pending
ex1002tamincobvbafactori046.jpg Edgar Link pending
ex1002tamincobvbafactori047.jpg Edgar Link pending
ex1003tamincofinlandfact.htm Edgar Link pending
ex1003tamincofinlandfact001.jpg Edgar Link pending
ex1003tamincofinlandfact002.jpg Edgar Link pending
ex1003tamincofinlandfact003.jpg Edgar Link pending
ex1003tamincofinlandfact004.jpg Edgar Link pending
ex1003tamincofinlandfact005.jpg Edgar Link pending
ex1003tamincofinlandfact006.jpg Edgar Link pending
ex1003tamincofinlandfact007.jpg Edgar Link pending
ex1003tamincofinlandfact008.jpg Edgar Link pending
ex1003tamincofinlandfact009.jpg Edgar Link pending
ex1003tamincofinlandfact010.jpg Edgar Link pending
ex1003tamincofinlandfact011.jpg Edgar Link pending
ex1003tamincofinlandfact012.jpg Edgar Link pending
ex1003tamincofinlandfact013.jpg Edgar Link pending
ex1003tamincofinlandfact014.jpg Edgar Link pending
ex1003tamincofinlandfact015.jpg Edgar Link pending
ex1003tamincofinlandfact016.jpg Edgar Link pending
ex1003tamincofinlandfact017.jpg Edgar Link pending
ex1003tamincofinlandfact018.jpg Edgar Link pending
ex1003tamincofinlandfact019.jpg Edgar Link pending
ex1003tamincofinlandfact020.jpg Edgar Link pending
ex1003tamincofinlandfact021.jpg Edgar Link pending
ex1003tamincofinlandfact022.jpg Edgar Link pending
ex1003tamincofinlandfact023.jpg Edgar Link pending
ex1003tamincofinlandfact024.jpg Edgar Link pending
ex1003tamincofinlandfact025.jpg Edgar Link pending
ex1003tamincofinlandfact026.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending