2016 Q2 Form 10-Q Financial Statement

#000103129616000102 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $3.401B $3.465B
YoY Change -1.85% -0.89%
Cost Of Revenue $889.0M $989.0M
YoY Change -10.11% -8.68%
Gross Profit $2.512B $2.476B
YoY Change 1.45% 2.61%
Gross Profit Margin 73.86% 71.46%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $334.0M $322.0M
YoY Change 3.73% 0.0%
% of Gross Profit 13.3% 13.0%
Operating Expenses $2.110B $1.915B
YoY Change 10.18% -9.71%
Operating Profit -$975.0M $554.0M
YoY Change -275.99% 89.73%
Interest Expense $289.0M $282.0M
YoY Change 2.48% 7.63%
% of Operating Profit 50.9%
Other Income/Expense, Net -$244.0M -$252.0M
YoY Change -3.17% 24.75%
Pretax Income -$1.219B $302.0M
YoY Change -503.64% 235.56%
Income Tax -$130.0M $115.0M
% Of Pretax Income 38.08%
Net Earnings -$1.089B $187.0M
YoY Change -682.35% 192.19%
Net Earnings / Revenue -32.02% 5.4%
Basic Earnings Per Share -$2.56 $0.44
Diluted Earnings Per Share -$2.56 $0.44
COMMON SHARES
Basic Shares Outstanding 425.0M shares 422.0M shares
Diluted Shares Outstanding 425.0M shares 423.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.0M $94.00M
YoY Change 111.7% 23.68%
Cash & Equivalents $199.0M $94.00M
Short-Term Investments
Other Short-Term Assets $163.0M $166.0M
YoY Change -1.81% -19.02%
Inventory $759.0M $792.0M
Prepaid Expenses
Receivables $1.341B $1.590B
Other Receivables $153.0M $181.0M
Total Short-Term Assets $3.076B $4.113B
YoY Change -25.21% -1.67%
LONG-TERM ASSETS
Property, Plant & Equipment $37.46B $36.42B
YoY Change 2.87% 5.5%
Goodwill $5.618B $6.418B
YoY Change -12.46% 0.0%
Intangibles
YoY Change
Long-Term Investments $527.0M $886.0M
YoY Change -40.52% -1.12%
Other Assets $1.076B $1.301B
YoY Change -17.29% 1.72%
Total Long-Term Assets $7.881B $9.242B
YoY Change -14.73% -1.98%
TOTAL ASSETS
Total Short-Term Assets $3.076B $4.113B
Total Long-Term Assets $7.881B $9.242B
Total Assets $51.40B $52.17B
YoY Change -1.48% 1.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $938.0M $1.034B
YoY Change -9.28% -22.89%
Accrued Expenses $341.0M $323.0M
YoY Change 5.57% 14.13%
Deferred Revenue
YoY Change
Short-Term Debt $2.925B $2.908B
YoY Change 0.58% 25.18%
Long-Term Debt Due $1.327B $1.292B
YoY Change 2.71% 27.17%
Total Short-Term Liabilities $6.759B $6.789B
YoY Change -0.44% 9.98%
LONG-TERM LIABILITIES
Long-Term Debt $18.35B $18.57B
YoY Change -1.2% 0.84%
Other Long-Term Liabilities $1.419B $1.373B
YoY Change 3.35% -8.1%
Total Long-Term Liabilities $14.89B $15.12B
YoY Change -1.51% 7.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.759B $6.789B
Total Long-Term Liabilities $14.89B $15.12B
Total Liabilities $21.65B $21.90B
YoY Change -1.18% 7.97%
SHAREHOLDERS EQUITY
Retained Earnings $1.190B $2.391B
YoY Change -50.23% -6.6%
Common Stock $9.984B $9.895B
YoY Change 0.9% 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.41B $12.53B
YoY Change
Total Liabilities & Shareholders Equity $51.40B $53.01B
YoY Change -3.03% 3.15%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$1.089B $187.0M
YoY Change -682.35% 192.19%
Depreciation, Depletion And Amortization $334.0M $322.0M
YoY Change 3.73% 0.0%
Cash From Operating Activities $822.0M $797.0M
YoY Change 3.14% 11.62%
INVESTING ACTIVITIES
Capital Expenditures -$833.0M -$855.0M
YoY Change -2.57% -13.72%
Acquisitions
YoY Change
Other Investing Activities -$69.00M -$90.00M
YoY Change -23.33% 42.86%
Cash From Investing Activities -$902.0M -$945.0M
YoY Change -4.55% -10.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 133.0M 152.0M
YoY Change -12.5% -50.49%
NET CHANGE
Cash From Operating Activities 822.0M 797.0M
Cash From Investing Activities -902.0M -945.0M
Cash From Financing Activities 133.0M 152.0M
Net Change In Cash 53.00M 4.000M
YoY Change 1225.0% -112.12%
FREE CASH FLOW
Cash From Operating Activities $822.0M $797.0M
Capital Expenditures -$833.0M -$855.0M
Free Cash Flow $1.655B $1.652B
YoY Change 0.18% -3.11%

Facts In Submission

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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2015Q2 us-gaap Electric Worldwide Unregulated Revenue
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us-gaap Electric Worldwide Unregulated Revenue
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2054000000 USD
CY2016Q2 us-gaap Electric Worldwide Unregulated Revenue
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937000000 USD
us-gaap Electric Worldwide Unregulated Revenue
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2010000000 USD
CY2015Q2 us-gaap Electrical Distribution Revenue
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2239000000 USD
us-gaap Electrical Distribution Revenue
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4801000000 USD
CY2016Q2 us-gaap Electrical Distribution Revenue
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2200000000 USD
us-gaap Electrical Distribution Revenue
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4721000000 USD
CY2015Q2 us-gaap Electrical Transmission Revenue
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269000000 USD
us-gaap Electrical Transmission Revenue
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507000000 USD
CY2016Q2 us-gaap Electrical Transmission Revenue
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264000000 USD
us-gaap Electrical Transmission Revenue
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539000000 USD
CY2015Q2 us-gaap Excise Taxes Collected
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96000000 USD
us-gaap Excise Taxes Collected
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211000000 USD
CY2016Q2 us-gaap Excise Taxes Collected
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92000000 USD
us-gaap Excise Taxes Collected
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199000000 USD
CY2015Q2 us-gaap Fuel Costs
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us-gaap Fuel Costs
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CY2016Q2 us-gaap Fuel Costs
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us-gaap Fuel Costs
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CY2015Q4 us-gaap Goodwill
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CY2016Q2 us-gaap Goodwill
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us-gaap Goodwill Impairment Loss
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CY2016Q2 us-gaap Guarantee Obligations Current Carrying Value
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3500000000 USD
CY2016Q2 us-gaap Guarantee Obligations Maximum Exposure
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379000000 USD
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16000000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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16000000 USD
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us-gaap Impairment Of Long Lived Assets Held For Use
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1447000000 USD
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302000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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668000000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2015Q2 us-gaap Interest And Debt Expense
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us-gaap Interest And Debt Expense
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CY2015Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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259000000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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83000000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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433000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Deposits Outstanding
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us-gaap Increase Decrease In Deposits Outstanding
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us-gaap Increase Decrease In Employee Related Liabilities
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12000000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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116000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest And Debt Expense
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us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
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34000000 USD
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us-gaap Interest Costs Incurred Capitalized
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CY2016Q2 us-gaap Interest Costs Incurred Capitalized
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us-gaap Interest Costs Incurred Capitalized
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us-gaap Interest Expense
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CY2016Q2 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Investment Income Interest And Dividend
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us-gaap Investment Income Interest And Dividend
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63000000 USD
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CY2015Q4 us-gaap Longterm Transition Bond Current And Noncurrent
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CY2015Q4 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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us-gaap Payments For Nuclear Fuel
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us-gaap Payments For Removal Costs
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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CY2015Q2 us-gaap Revenues
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us-gaap Revenues
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CY2016Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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CY2015Q4 us-gaap Short Term Borrowings
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CY2016Q2 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Unrealized Gain Loss On Commodity Contracts
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us-gaap Unrealized Gain Loss On Commodity Contracts
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us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2015Q2 us-gaap Utilities Operating Expense Taxes
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us-gaap Utilities Operating Expense Taxes
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CY2016Q2 us-gaap Utilities Operating Expense Taxes
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241000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
521000000 USD
CY2016Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1123000000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
425000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
424000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
422000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
422000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
425000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
424000000 shares

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