2018 Q1 Form 10-K Financial Statement

#000004053318000008 Filed on February 12, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2016 Q4 2015 Q4
Revenue $7.657B $7.994B
YoY Change -4.22% -4.4%
Cost Of Revenue $6.171B $6.484B
YoY Change -4.83% -4.17%
Gross Profit $1.486B $1.510B
YoY Change -1.59% -5.39%
Gross Profit Margin 19.41% 18.89%
Selling, General & Admin $471.0M $476.0M
YoY Change -1.05% -10.02%
% of Gross Profit 31.7% 31.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.0M $117.0M
YoY Change -6.84% -2.5%
% of Gross Profit 7.34% 7.75%
Operating Expenses $471.0M $476.0M
YoY Change -1.05% -10.02%
Operating Profit $1.015B $1.034B
YoY Change -1.84% -3.09%
Interest Expense -$23.00M -$23.00M
YoY Change 0.0% 21.05%
% of Operating Profit -2.27% -2.22%
Other Income/Expense, Net $2.000M $2.000M
YoY Change 0.0% -166.67%
Pretax Income $994.0M $1.013B
YoY Change -1.88% -3.06%
Income Tax $263.0M $280.0M
% Of Pretax Income 26.46% 27.64%
Net Earnings $647.0M $733.0M
YoY Change -11.73% 4.56%
Net Earnings / Revenue 8.45% 9.17%
Basic Earnings Per Share $2.13 $2.31
Diluted Earnings Per Share $2.09 $2.28
COMMON SHARES
Basic Shares Outstanding 296.9M shares 303.9M shares 316.7M shares
Diluted Shares Outstanding 309.7M shares 321.9M shares

Balance Sheet

Concept 2018 Q1 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.303B $3.372B
YoY Change -31.7% -23.15%
Cash & Equivalents $2.334B $2.785B
Short-Term Investments
Other Short-Term Assets $1.471B $617.0M
YoY Change 138.41% -46.67%
Inventory $5.118B $3.366B
Prepaid Expenses
Receivables $3.399B $3.446B
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.53B $14.57B
YoY Change 13.47% -16.29%
LONG-TERM ASSETS
Property, Plant & Equipment $3.477B $3.466B
YoY Change 0.32% 4.12%
Goodwill $11.45B $11.44B
YoY Change 0.02% -2.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.038B $1.754B
YoY Change -40.82% -10.42%
Total Long-Term Assets $16.64B $17.43B
YoY Change -4.52% -2.81%
TOTAL ASSETS
Total Short-Term Assets $16.53B $14.57B
Total Long-Term Assets $16.64B $17.43B
Total Assets $33.17B $32.54B
YoY Change 1.95% -7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.538B $1.964B
YoY Change 29.23% -4.52%
Accrued Expenses $1.123B $1.123B
YoY Change 0.0% -1.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $501.0M
YoY Change -99.8% 0.0%
Total Short-Term Liabilities $13.45B $12.45B
YoY Change 8.08% -9.5%
LONG-TERM LIABILITIES
Long-Term Debt $2.988B $2.898B
YoY Change 3.11% -14.56%
Other Long-Term Liabilities $6.433B $5.916B
YoY Change 8.74% -7.05%
Total Long-Term Liabilities $9.421B $8.814B
YoY Change 6.89% -9.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.45B $12.45B
Total Long-Term Liabilities $9.421B $8.814B
Total Liabilities $22.87B $21.26B
YoY Change 7.58% -9.57%
SHAREHOLDERS EQUITY
Retained Earnings $24.54B $23.20B
YoY Change 5.77% 9.83%
Common Stock $482.0M $482.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.16B $12.39B
YoY Change 14.23% 31.89%
Treasury Stock Shares
Shareholders Equity $10.30B $10.44B
YoY Change
Total Liabilities & Shareholders Equity $33.17B $32.00B
YoY Change 3.67% -9.45%

Cashflow Statement

Concept 2018 Q1 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $647.0M $733.0M
YoY Change -11.73% 4.56%
Depreciation, Depletion And Amortization $109.0M $117.0M
YoY Change -6.84% -2.5%
Cash From Operating Activities $489.0M $822.0M
YoY Change -40.51% 1955.0%
INVESTING ACTIVITIES
Capital Expenditures -$110.0M -$170.0M
YoY Change -35.29% -7.61%
Acquisitions
YoY Change
Other Investing Activities $13.00M $37.00M
YoY Change -64.86% -140.22%
Cash From Investing Activities -$97.00M -$133.0M
YoY Change -27.07% -51.81%
FINANCING ACTIVITIES
Cash Dividend Paid $231.0M $223.0M
YoY Change 3.59%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $500.0M
YoY Change
Cash From Financing Activities 12.00M -1.349B
YoY Change -100.89% 180.46%
NET CHANGE
Cash From Operating Activities 489.0M 822.0M
Cash From Investing Activities -97.00M -133.0M
Cash From Financing Activities 12.00M -1.349B
Net Change In Cash 404.0M -660.0M
YoY Change -161.21% -7.95%
FREE CASH FLOW
Cash From Operating Activities $489.0M $822.0M
Capital Expenditures -$110.0M -$170.0M
Free Cash Flow $599.0M $992.0M
YoY Change -39.62% 342.86%

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CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
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CY2016Q4 us-gaap Fair Value Hedges At Fair Value Net
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CY2017Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
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5680000 shares
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503000000 USD
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3000000 USD
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200000000 USD
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2607000000 USD
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3879000000 USD
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3036000000 USD
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2572000000 USD
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2198000000 USD
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2912000000 USD
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0 USD
CY2017Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
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0 USD
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CY2017 us-gaap Number Of Businesses Acquired
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4 business
CY2017 us-gaap Number Of Operating Segments
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4 Segment
CY2015 us-gaap Operating Income Loss
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4295000000 USD
CY2016 us-gaap Operating Income Loss
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3734000000 USD
CY2017 us-gaap Operating Income Loss
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4177000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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258000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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94000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
118000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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148000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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215000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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526000000 USD
CY2016Q4 us-gaap Other Assets Current
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1471000000 USD
CY2017Q4 us-gaap Other Assets Current
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1185000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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1038000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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585000000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-371000000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-112000000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
348000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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72000000 USD
CY2016 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
74000000 USD
CY2017 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
69000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-267000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-122000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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718000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-267000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-122000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Tax
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718000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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-351000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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-104000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
567000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-351000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-104000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
567000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-500000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
192000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-20000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Tax
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84000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Tax
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-18000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax
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151000000 USD
CY2015 us-gaap Proceeds From Issuance Of Debt
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0 USD
CY2016 us-gaap Proceeds From Issuance Of Debt
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992000000 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
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985000000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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500000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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84000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-18000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
151000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-394000000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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191000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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341000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-2000000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-9000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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9000000 USD
CY2016Q4 us-gaap Other Liabilities Current
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3185000000 USD
CY2017Q4 us-gaap Other Liabilities Current
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2898000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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6433000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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6532000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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7000000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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13000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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3000000 USD
CY2016Q4 us-gaap Other Sundry Liabilities Current
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1331000000 USD
CY2017Q4 us-gaap Other Sundry Liabilities Current
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1317000000 USD
CY2016Q4 us-gaap Other Sundry Liabilities Noncurrent
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1138000000 USD
CY2017Q4 us-gaap Other Sundry Liabilities Noncurrent
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1066000000 USD
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17000000 USD
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14000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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3233000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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1996000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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1558000000 USD
CY2015 us-gaap Payments Of Dividends
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873000000 USD
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911000000 USD
CY2017 us-gaap Payments Of Dividends
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986000000 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
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58000000 USD
CY2017 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
399000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5000000 USD
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58000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
399000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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569000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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392000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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428000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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303000000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
295000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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4393000000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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4408000000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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1
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016 us-gaap Revenues
Revenues
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CY2017 us-gaap Revenues
Revenues
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ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
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CY2016 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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CY2015 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
291000000 USD
CY2016 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
9000000 USD
CY2017 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
50000000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
268000000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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292000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
163000000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
428000000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
434000000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
474000000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
467000000 USD
CY2015 us-gaap Product Warranty Accrual Payments
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120000000 USD
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
100000000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
123000000 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
162000000 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
155000000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
146000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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7929000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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8237000000 USD
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3477000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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3517000000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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423000000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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340000000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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358000000 USD
CY2015 us-gaap Reimbursement Revenue
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7552000000 USD
CY2016 us-gaap Reimbursement Revenue
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8153000000 USD
CY2017 us-gaap Reimbursement Revenue
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8152000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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500000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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500000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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900000000 USD
CY2015 us-gaap Restricted Stock Expense
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32000000 USD
CY2016 us-gaap Restricted Stock Expense
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36000000 USD
CY2017 us-gaap Restricted Stock Expense
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46000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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24543000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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26444000000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25543000000 USD
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21845000000 USD
CY2017Q4 us-gaap Revenue Remaining Performance Obligation
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63200000000 USD
CY2017 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
CY2017 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P2Y
CY2015 us-gaap Revenues
Revenues
31781000000 USD
CY2015 us-gaap Sales Revenue Goods Net
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20477000000 USD
CY2016 us-gaap Sales Revenue Goods Net
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19010000000 USD
CY2017 us-gaap Sales Revenue Goods Net
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19016000000 USD
CY2015 us-gaap Sales Revenue Services Net
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11304000000 USD
CY2016 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
11551000000 USD
CY2017 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
11957000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
98000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
95000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
123000000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6000000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5286882 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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96.52
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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238000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
263000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
215000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
163610 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
145.72
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1870260 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.54
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.11
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
33.09
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
822000000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10934621 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10620389 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
108.23
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
126.08
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
817000000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
10470666 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
125.45
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
88.75
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
191.84
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
565000000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y0M30D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y7M20D
CY2017Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2020882 shares
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
419000000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
356000000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
199000000 USD
CY2015 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
32000000 USD
CY2016 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
25000000 USD
CY2017 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
34000000 USD
CY2017Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7600000 shares
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
22800000 shares
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
14200000 shares
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
7800000 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
11829000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
10440000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
10301000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
11435000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
11457000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
10440000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
10301000000 USD
CY2017Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
123000000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2017Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
14156000000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
15543000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3233000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2031000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1533000000 USD
CY2016Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4212000000 USD
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
5240000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
326652000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310387000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
304637000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
321313000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
304707000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
299172000 shares
CY2016Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
337000000 USD
CY2017Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
320000000 USD
CY2017 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;text-indent:24px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Use of Estimates.</font><font style="font-family:inherit;font-size:12pt;"> The nature of our business requires that we make estimates and assumptions in accordance with U.S. generally accepted accounting principles (GAAP). These estimates and assumptions </font><font style="font-family:inherit;font-size:12pt;">affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period</font><font style="font-family:inherit;font-size:12pt;">. We base our estimates </font><font style="font-family:inherit;font-size:12pt;">on historical experience, currently available information and various other assumptions that we believe are reasonable under the circumstances</font><font style="font-family:inherit;font-size:12pt;">. </font><font style="font-family:inherit;font-size:12pt;">Actual results could differ from these estimates.</font></div></div>

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