2015 Q3 Form 10-Q Financial Statement

#000127618715000056 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $9.984B $9.427B $14.14B
YoY Change -33.38% -33.35% 17.24%
Cost Of Revenue $8.581B $9.338B $12.35B
YoY Change -34.07% -24.39% 16.9%
Gross Profit $1.403B $89.00M $1.792B
YoY Change -28.85% -95.03% 19.63%
Gross Profit Margin 14.05% 0.94% 12.67%
Selling, General & Admin $155.0M $183.0M $141.0M
YoY Change -7.74% 29.79% -5.37%
% of Gross Profit 11.05% 205.62% 7.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $524.0M $514.0M $450.0M
YoY Change 23.29% 14.22% 41.51%
% of Gross Profit 37.35% 577.53% 25.11%
Operating Expenses $155.0M $183.0M $141.0M
YoY Change -7.74% 29.79% -5.37%
Operating Profit $931.0M $743.0M $773.0M
YoY Change 13.26% -3.88% 20.03%
Interest Expense $442.0M $408.0M $344.0M
YoY Change 24.16% 18.6% 12.79%
% of Operating Profit 47.48% 54.91% 44.5%
Other Income/Expense, Net $31.00M $17.00M -$25.00M
YoY Change -306.67% -168.0% 78.57%
Pretax Income $275.0M $716.0M $528.0M
YoY Change -47.72% 35.61% 26.32%
Income Tax $37.00M -$56.00M $70.00M
% Of Pretax Income 13.45% -7.82% 13.26%
Net Earnings $293.0M $298.0M $164.0M
YoY Change 55.85% 81.71% 29.13%
Net Earnings / Revenue 2.93% 3.16% 1.16%
Basic Earnings Per Share
Diluted Earnings Per Share $278.0K $281.9K $150.6K
COMMON SHARES
Basic Shares Outstanding 1.055B shares 539.2M shares 543.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.019B $1.623B $1.234B
YoY Change -8.03% 31.52% 98.71%
Cash & Equivalents $1.019B $1.623B $1.234B
Short-Term Investments
Other Short-Term Assets $422.0M $382.0M $272.0M
YoY Change 37.46% 40.44% -4.56%
Inventory $1.580B $1.858B $1.560B
Prepaid Expenses
Receivables $2.749B $3.186B $4.439B
Other Receivables $138.0M $209.0M $88.00M
Total Short-Term Assets $6.072B $7.237B $7.652B
YoY Change -24.5% -5.42% 24.36%
LONG-TERM ASSETS
Property, Plant & Equipment $46.31B $44.05B $35.12B
YoY Change 19.54% 25.43% 20.32%
Goodwill $7.655B $7.663B $6.230B
YoY Change -2.69% 23.0% -2.23%
Intangibles $5.522B $5.579B $5.072B
YoY Change 0.33% 10.0% 128.37%
Long-Term Investments $3.637B $3.653B $3.686B
YoY Change 0.11% -0.9% -20.56%
Other Assets $962.0M $965.0M $857.0M
YoY Change 7.25% 12.6% 56.96%
Total Long-Term Assets $64.10B $61.91B $50.96B
YoY Change 13.17% 21.48% 15.85%
TOTAL ASSETS
Total Short-Term Assets $6.072B $7.237B $7.652B
Total Long-Term Assets $64.10B $61.91B $50.96B
Total Assets $70.17B $69.15B $58.62B
YoY Change 8.48% 17.96% 16.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.477B $3.009B $4.317B
YoY Change -47.23% -30.3% 27.53%
Accrued Expenses $1.731B $1.534B $1.237B
YoY Change 27.75% 24.01% 10.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M $1.346B
YoY Change -98.88% -98.89% 49.72%
Total Short-Term Liabilities $5.049B $5.238B $8.222B
YoY Change -40.11% -36.29% 34.24%
LONG-TERM LIABILITIES
Long-Term Debt $36.33B $34.80B $25.85B
YoY Change 27.44% 34.6% 18.26%
Other Long-Term Liabilities $1.246B $1.226B $1.018B
YoY Change 17.55% 20.43% 19.91%
Total Long-Term Liabilities $37.58B $36.02B $26.87B
YoY Change 27.09% 34.06% 18.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.049B $5.238B $8.222B
Total Long-Term Liabilities $37.58B $36.02B $26.87B
Total Liabilities $42.63B $41.26B $35.09B
YoY Change 12.18% 17.58% 21.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$906.0M $501.0M $582.0M
YoY Change
Total Liabilities & Shareholders Equity $70.17B $69.15B $58.62B
YoY Change 8.48% 17.96% 16.9%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $293.0M $298.0M $164.0M
YoY Change 55.85% 81.71% 29.13%
Depreciation, Depletion And Amortization $524.0M $514.0M $450.0M
YoY Change 23.29% 14.22% 41.51%
Cash From Operating Activities $1.033B $538.0M $1.066B
YoY Change 68.79% -49.53% 33.75%
INVESTING ACTIVITIES
Capital Expenditures -$2.507B -$2.023B -$1.195B
YoY Change 58.97% 69.29% 60.83%
Acquisitions
YoY Change
Other Investing Activities $20.00M -$65.00M $328.0M
YoY Change -101.5% -119.82% 3544.44%
Cash From Investing Activities -$2.487B -$2.088B -$867.0M
YoY Change -14.42% 140.83% 18.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 850.0M 1.310B 25.00M
YoY Change -60.79% 5140.0% -144.64%
NET CHANGE
Cash From Operating Activities 1.033B 538.0M 1.066B
Cash From Investing Activities -2.487B -2.088B -867.0M
Cash From Financing Activities 850.0M 1.310B 25.00M
Net Change In Cash -604.0M -240.0M 224.0M
YoY Change 379.37% -207.14% 3100.0%
FREE CASH FLOW
Cash From Operating Activities $1.033B $538.0M $1.066B
Capital Expenditures -$2.507B -$2.023B -$1.195B
Free Cash Flow $3.540B $2.561B $2.261B
YoY Change 61.72% 13.27% 46.82%

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
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us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-12000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2000000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-5000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-6000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
42000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-51000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-12000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-6000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
1000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-45000000 USD
CY2014Q4 us-gaap Other Inventory
OtherInventory
319000000 USD
CY2015Q2 us-gaap Other Inventory
OtherInventory
388000000 USD
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2201000000 USD
CY2015Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2058000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1193000000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1226000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
38000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-23000000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-25000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-23000000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9000000 USD
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1133000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2086000000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1559000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3013000000 USD
CY2014Q4 us-gaap Partners Capital
PartnersCapital
664000000 USD
CY2015Q2 us-gaap Partners Capital
PartnersCapital
501000000 USD
us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
4015000000 USD
us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
0 USD
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
398000000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
509000000 USD
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
37000000 USD
us-gaap Partners Capital Other
PartnersCapitalOther
-9000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
294000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
44000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
61000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
863000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1133000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
407000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
475000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
70000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
43000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2137000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4181000000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
205000000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
195000000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
25000000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
12000000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
6000000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
398000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
79000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
58000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
64000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8023000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15466000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
759000000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
15000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
500000000 USD
us-gaap Profit Loss
ProfitLoss
948000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
772000000 USD
us-gaap Profit Loss
ProfitLoss
993000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45018000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
49541000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40292000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44047000000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
15000000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
15000000 USD
CY2014Q2 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
4938000000 USD
us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
9416000000 USD
CY2015Q2 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
4434000000 USD
us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
8090000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5964000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11301000000 USD
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
362000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
690000000 USD
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
130000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
206000000 USD
CY2014Q2 us-gaap Revenues
Revenues
14143000000 USD
us-gaap Revenues
Revenues
27223000000 USD
CY2015Q2 us-gaap Revenues
Revenues
11594000000 USD
us-gaap Revenues
Revenues
21974000000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
141000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
272000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
183000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
338000000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
20000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
40000000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
25000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
48000000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
900000 shares
CY2015Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
-8600000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
-294000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22314000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23547000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
54000000 USD
CY2015Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
4000000 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
33000000 USD
CY2015Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
33000000 USD
CY2014 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-1000000 USD
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
0 USD
CY2014Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-10000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-43000000 USD
CY2015Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-44000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-119000000 USD
CY2014Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1087300000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1101200000 shares
CY2015Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1076000000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1077200000 shares
CY2014Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
1089100000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
1103000000 shares
CY2015Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
1077600000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
1079000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements have been prepared in conformity with GAAP, which includes the use of estimates and assumptions made by management that affect the reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities that exist at the date of the consolidated financial statements. Although these estimates are based on management&#8217;s available knowledge of current and expected future events, actual results could be different from those estimates.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> presentation. These reclassifications had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> impact on net income or total equity.</font></div></div>

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