2014 Q3 Form 10-K Financial Statement

#000003260415000051 Filed on November 18, 2015

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2014 Q1
Revenue $6.807B $6.312B $5.812B
YoY Change -0.07% -0.5% -2.48%
Cost Of Revenue $3.918B $3.674B $3.417B
YoY Change -2.25% -2.7% -4.74%
Gross Profit $2.889B $2.638B $2.395B
YoY Change 3.03% 2.73% 0.93%
Gross Profit Margin 42.44% 41.79% 41.21%
Selling, General & Admin $1.453B $1.424B $1.394B
YoY Change 1.47% 2.01% -2.24%
% of Gross Profit 50.29% 53.98% 58.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $208.0M $204.0M $210.0M
YoY Change 0.48% 1.49% 2.44%
% of Gross Profit 7.2% 7.73% 8.77%
Operating Expenses $1.508B $1.424B $1.394B
YoY Change -1.37% 2.01% -2.24%
Operating Profit $1.381B $1.214B $1.001B
YoY Change 8.31% 3.58% 5.7%
Interest Expense -$47.00M -$46.00M -$47.00M
YoY Change -16.07% -9.8% -17.54%
% of Operating Profit -3.4% -3.79% -4.7%
Other Income/Expense, Net -$30.00M -$58.00M
YoY Change 42.86% -627.27%
Pretax Income $816.0M $1.072B $817.0M
YoY Change -30.91% 109.78% -1.68%
Income Tax $401.0M $334.0M $263.0M
% Of Pretax Income 49.14% 31.16% 32.19%
Net Earnings $410.0M $728.0M $547.0M
YoY Change -48.43% 275.26% -2.5%
Net Earnings / Revenue 6.02% 11.53% 9.41%
Basic Earnings Per Share $0.59 $1.03 $0.78
Diluted Earnings Per Share $0.58 $1.03 $0.77
COMMON SHARES
Basic Shares Outstanding 697.9M shares 699.6M shares 701.7M shares
Diluted Shares Outstanding 703.3M shares 705.2M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.149B $3.049B $2.724B
YoY Change -3.85% 8.51% 4.17%
Cash & Equivalents $3.149B $3.049B $2.724B
Short-Term Investments
Other Short-Term Assets $642.0M $739.0M $683.0M
YoY Change -37.12% 10.79% -0.73%
Inventory $2.057B $2.253B $2.233B
Prepaid Expenses
Receivables $5.019B $4.772B $4.563B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.87B $10.81B $10.20B
YoY Change -1.2% 2.92% 0.14%
LONG-TERM ASSETS
Property, Plant & Equipment $3.802B $3.737B $3.692B
YoY Change 5.46% 7.54% 6.06%
Goodwill $4.238B $7.917B $7.875B
YoY Change -43.56% 5.36% -1.65%
Intangibles $1.689B $1.768B $1.810B
YoY Change 1.02% 4.12% 4.38%
Long-Term Investments
YoY Change
Other Assets $637.0M $880.0M $766.0M
YoY Change -31.21% 175.0% 144.73%
Total Long-Term Assets $13.31B $14.30B $14.14B
YoY Change -2.93% 9.96% 4.49%
TOTAL ASSETS
Total Short-Term Assets $10.87B $10.81B $10.20B
Total Long-Term Assets $13.31B $14.30B $14.14B
Total Assets $24.18B $25.12B $24.35B
YoY Change -2.16% 6.81% 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.951B $2.645B $2.522B
YoY Change 8.29% 1.19% 2.52%
Accrued Expenses $2.876B $2.736B $2.583B
YoY Change -9.67% -1.69% -2.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $522.0M $2.975B $2.661B
YoY Change 95.51% 100.2% 79.19%
Total Short-Term Liabilities $8.454B $8.533B $7.832B
YoY Change 10.87% 22.78% 17.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.559B $3.565B $3.836B
YoY Change -12.23% -12.17% -5.49%
Other Long-Term Liabilities $1.997B $2.144B $2.153B
YoY Change -13.66% -4.29% -8.27%
Total Long-Term Liabilities $5.556B $5.709B $5.989B
YoY Change -12.75% -9.37% -6.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.454B $8.533B $7.832B
Total Long-Term Liabilities $5.556B $5.709B $5.989B
Total Liabilities $14.01B $14.24B $13.82B
YoY Change 0.12% 7.49% 5.91%
SHAREHOLDERS EQUITY
Retained Earnings $19.87B $19.76B $19.33B
YoY Change 4.95% 7.21% 4.34%
Common Stock $477.0M $477.0M $477.0M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.811B $9.582B $9.405B
YoY Change 1535.17% 14.23% 16.08%
Treasury Stock Shares 256.7M shares 254.2M shares 251.8M shares
Shareholders Equity $10.12B $10.82B $10.48B
YoY Change
Total Liabilities & Shareholders Equity $24.18B $25.12B $24.35B
YoY Change -2.16% 6.81% 2.62%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income $410.0M $728.0M $547.0M
YoY Change -48.43% 275.26% -2.5%
Depreciation, Depletion And Amortization $208.0M $204.0M $210.0M
YoY Change 0.48% 1.49% 2.44%
Cash From Operating Activities $1.408B $1.018B $575.0M
YoY Change -2.63% 2.83% -12.75%
INVESTING ACTIVITIES
Capital Expenditures -$194.0M -$176.0M -$161.0M
YoY Change -19.5% 25.71% -11.54%
Acquisitions
YoY Change
Other Investing Activities $61.00M -$90.00M -$44.00M
YoY Change -438.89% 87.5% 69.23%
Cash From Investing Activities -$133.0M -$266.0M -$205.0M
YoY Change -48.65% 41.49% -1.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.084B -431.0M -369.0M
YoY Change 47.48% -27.93% 7.89%
NET CHANGE
Cash From Operating Activities 1.408B 1.018B 575.0M
Cash From Investing Activities -133.0M -266.0M -205.0M
Cash From Financing Activities -1.084B -431.0M -369.0M
Net Change In Cash 191.0M 321.0M 1.000M
YoY Change -57.74% 57.35% -99.08%
FREE CASH FLOW
Cash From Operating Activities $1.408B $1.018B $575.0M
Capital Expenditures -$194.0M -$176.0M -$161.0M
Free Cash Flow $1.602B $1.194B $736.0M
YoY Change -5.04% 5.66% -12.49%

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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2014Q3 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2014Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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2.76
CY2014 us-gaap Earnings Per Share Diluted
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0.84
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013Q4 us-gaap Earnings Per Share Diluted
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0.65
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0.77
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1.03
CY2014Q3 us-gaap Earnings Per Share Diluted
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0.58
CY2015 us-gaap Earnings Per Share Diluted
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3.99
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.353
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.348
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.343
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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-0.016
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.048
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.053
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.004
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
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CY2014Q3 us-gaap Employee Related Liabilities Current
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P1Y6M
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CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2211000000 USD
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286000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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161000000 USD
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194000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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236000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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267000000 USD
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CY2015Q3 us-gaap Finite Lived Intangible Assets Net
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CY2014 us-gaap Gain Loss On Sale Of Business
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CY2014Q3 us-gaap Goodwill Gross
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CY2015Q3 us-gaap Goodwill Gross
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CY2013Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2014Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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646000000 USD
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646000000 USD
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528000000 USD
CY2014 us-gaap Goodwill Impairment Loss
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508000000 USD
CY2015 us-gaap Goodwill Impairment Loss
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CY2013 us-gaap Goodwill Impairment Loss Net Of Tax
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496000000 USD
CY2014 us-gaap Goodwill Impairment Loss Net Of Tax
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508000000 USD
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CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2014 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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70000000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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CY2013Q4 us-gaap Gross Profit
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CY2014 us-gaap Gross Profit
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CY2015Q1 us-gaap Gross Profit
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1724000000 USD
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2921000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3196000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3348000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4161000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1472000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1252000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1240000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
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CY2013 us-gaap Income Tax Expense Benefit
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1130000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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1164000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1428000000 USD
CY2015Q3 us-gaap Income Tax Receivable
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CY2013 us-gaap Income Taxes Paid
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1270000000 USD
CY2014 us-gaap Income Taxes Paid
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1310000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
1590000000 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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294000000 USD
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CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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35000000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2013 us-gaap Increase Decrease In Accrued Liabilities
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64000000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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121000000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
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32000000 USD
CY2013 us-gaap Increase Decrease In Inventories
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CY2014 us-gaap Increase Decrease In Inventories
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132000000 USD
CY2015 us-gaap Increase Decrease In Inventories
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16000000 USD
CY2013 us-gaap Increase Decrease In Operating Capital
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CY2014 us-gaap Increase Decrease In Operating Capital
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CY2015 us-gaap Increase Decrease In Operating Capital
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142000000 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
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32000000 USD
CY2014 us-gaap Increase Decrease In Other Current Assets
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0000032604-15-000051-xbrl.zip Edgar Link pending
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