2017 Q2 Form 10-Q Financial Statement

#000004054517000053 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $29.10B $33.49B
YoY Change -13.13% 1145.13%
Cost Of Revenue $6.292B $6.693B
YoY Change -5.99% 20.75%
Gross Profit $22.81B $6.192B
YoY Change 268.3% 2.64%
Gross Profit Margin 78.38% 18.49%
Selling, General & Admin $4.152B $4.883B
YoY Change -14.97% 11.36%
% of Gross Profit 18.21% 78.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.125B $1.294B
YoY Change -13.06% 8.92%
% of Gross Profit 4.93% 20.9%
Operating Expenses $4.152B $4.883B
YoY Change -14.97% 11.36%
Operating Profit $18.65B $1.309B
YoY Change 1324.98% -20.57%
Interest Expense -$403.0M -$759.0M
YoY Change -46.9% 161.72%
% of Operating Profit -2.16% -57.98%
Other Income/Expense, Net $330.0M $3.150B
YoY Change -89.52% 303.85%
Pretax Income $1.127B $3.824B
YoY Change -70.53% 46.4%
Income Tax -$38.00M $461.0M
% Of Pretax Income -3.37% 12.06%
Net Earnings $1.057B $2.908B
YoY Change -63.65% -313.82%
Net Earnings / Revenue 3.63% 8.68%
Basic Earnings Per Share $0.10 $0.30
Diluted Earnings Per Share $0.10 $0.30
COMMON SHARES
Basic Shares Outstanding 8.671B shares 9.079B shares
Diluted Shares Outstanding 8.760B shares 9.187B shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.05B $52.12B
YoY Change -15.49% -43.14%
Cash & Equivalents $44.56B $52.12B
Short-Term Investments
Other Short-Term Assets $1.000M
YoY Change -100.0%
Inventory $22.84B $24.72B
Prepaid Expenses
Receivables $21.45B $25.13B
Other Receivables $0.00 $0.00
Total Short-Term Assets $88.34B $102.0B
YoY Change -13.37% -42.59%
LONG-TERM ASSETS
Property, Plant & Equipment $50.17B $50.44B
YoY Change -0.53% -1.18%
Goodwill $72.34B $67.10B
YoY Change 7.81% 7.9%
Intangibles $16.93B $16.65B
YoY Change 1.68% 21.82%
Long-Term Investments $0.00 $0.00
YoY Change -100.0%
Other Assets $40.51B $83.44B
YoY Change -51.45% -56.04%
Total Long-Term Assets $267.1B $299.5B
YoY Change -10.8% -30.88%
TOTAL ASSETS
Total Short-Term Assets $88.34B $102.0B
Total Long-Term Assets $267.1B $299.5B
Total Assets $355.5B $401.5B
YoY Change -11.46% -34.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.28B $13.12B
YoY Change 1.28% 9.14%
Accrued Expenses $16.76B $20.42B
YoY Change -17.95% 63.33%
Deferred Revenue
YoY Change
Short-Term Debt $30.04B $31.93B
YoY Change -5.9% -52.93%
Long-Term Debt Due $21.99B $24.67B
YoY Change -10.86% -63.63%
Total Short-Term Liabilities $127.4B $132.3B
YoY Change -3.7% -31.79%
LONG-TERM LIABILITIES
Long-Term Debt $104.4B $124.5B
YoY Change -16.18% -49.82%
Other Long-Term Liabilities $44.73B $54.89B
YoY Change -18.51% 8.74%
Total Long-Term Liabilities $149.1B $179.4B
YoY Change -16.9% -39.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.4B $132.3B
Total Long-Term Liabilities $149.1B $179.4B
Total Liabilities $276.5B $311.7B
YoY Change -11.3% -36.73%
SHAREHOLDERS EQUITY
Retained Earnings $137.0B $138.3B
YoY Change -0.92% 1.88%
Common Stock $702.0M $702.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $85.62B $76.12B
YoY Change 12.47% 83.21%
Treasury Stock Shares
Shareholders Equity $67.37B $84.99B
YoY Change
Total Liabilities & Shareholders Equity $355.5B $401.5B
YoY Change -11.46% -34.29%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $1.057B $2.908B
YoY Change -63.65% -313.82%
Depreciation, Depletion And Amortization $1.125B $1.294B
YoY Change -13.06% 8.92%
Cash From Operating Activities $2.117B -$3.480B
YoY Change -160.83% -155.27%
INVESTING ACTIVITIES
Capital Expenditures -$1.966B -$1.496B
YoY Change 31.42% 605.66%
Acquisitions
YoY Change
Other Investing Activities $1.566B $1.481B
YoY Change 5.74% -88.54%
Cash From Investing Activities -$400.0M -$15.00M
YoY Change 2566.67% -100.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 97.00M -41.36B
YoY Change -100.23% 295.21%
NET CHANGE
Cash From Operating Activities 2.117B -3.480B
Cash From Investing Activities -400.0M -15.00M
Cash From Financing Activities 97.00M -41.36B
Net Change In Cash 1.814B -44.85B
YoY Change -104.04% -625.18%
FREE CASH FLOW
Cash From Operating Activities $2.117B -$3.480B
Capital Expenditures -$1.966B -$1.496B
Free Cash Flow $4.083B -$1.984B
YoY Change -305.8% -130.49%

Facts In Submission

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CY2016Q2 ge Weighted Average Number Of Shares Outstanding Diluted
WeightedAverageNumberOfSharesOutstandingDiluted
9079000000 shares
ge Weighted Average Number Of Shares Outstanding Diluted
WeightedAverageNumberOfSharesOutstandingDiluted
9179000000 shares
CY2017Q2 ge Weighted Average Number Of Shares Outstanding Diluted
WeightedAverageNumberOfSharesOutstandingDiluted
8671000000 shares
ge Weighted Average Number Of Shares Outstanding Diluted
WeightedAverageNumberOfSharesOutstandingDiluted
8695000000 shares
CY2017Q2 invest Derivative Notional Amount
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173000000000 USD
CY2016Q4 us-gaap Assets
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CY2017Q2 us-gaap Assets
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14815000000 USD
CY2017Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
7850000000 USD
CY2016Q4 us-gaap Available For Sale Securities
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44313000000 USD
CY2016Q4 us-gaap Accounts Payable Current
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14435000000 USD
CY2017Q2 us-gaap Accounts Payable Current
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13283000000 USD
CY2016Q4 us-gaap Accounts Receivable Gross Current
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24935000000 USD
CY2017Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
22407000000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
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24076000000 USD
CY2017Q2 us-gaap Accounts Receivable Net Current
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21447000000 USD
CY2016Q4 us-gaap Accrued Liabilities Current
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17564000000 USD
CY2017Q2 us-gaap Accrued Liabilities Current
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16755000000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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35356000000 USD
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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36153000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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674000000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
866000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
12000000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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22000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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12469000000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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10860000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-6816000000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-5481000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-18598000000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2016Q4 us-gaap Additional Paid In Capital
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37224000000 USD
CY2017Q2 us-gaap Additional Paid In Capital
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37468000000 USD
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-674000000 USD
us-gaap Adjustments To Additional Paid In Capital Other
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244000000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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858000000 USD
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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960000000 USD
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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25000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28000000 shares
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26000000 shares
CY2017Q2 us-gaap Available For Sale Securities
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39968000000 USD
CY2016Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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3917000000 USD
CY2017Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4384000000 USD
CY2016Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
269000000 USD
CY2017Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
159000000 USD
CY2016Q4 us-gaap Available For Sale Securities Amortized Cost
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40665000000 USD
CY2017Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
35743000000 USD
CY2016 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
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111000000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
69000000 USD
CY2016 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
157000000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
90000000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
9098000000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
7571000000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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663000000 USD
CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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443000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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5209000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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5704000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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4255000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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4449000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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17468000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
20890000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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5902000000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
5900000000 USD
CY2016Q2 us-gaap Available For Sale Securities Gross Realized Gains
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36000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
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42000000 USD
CY2017Q2 us-gaap Available For Sale Securities Gross Realized Gains
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37000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
143000000 USD
CY2016Q2 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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624000000 USD
us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
868000000 USD
CY2017Q2 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
701000000 USD
us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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1774000000 USD
CY2016Q4 us-gaap Billings In Excess Of Cost
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3750000000 USD
CY2017Q2 us-gaap Billings In Excess Of Cost
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2679000000 USD
CY2015Q4 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs
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858000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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90878000000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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56313000000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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49558000000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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44571000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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-4988000000 USD
CY2016Q2 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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3500000000 USD
us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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11000000000 USD
CY2017Q2 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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2016000000 USD
us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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4016000000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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-18000000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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1909000000 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2017Q2 us-gaap Collateral Already Posted Aggregate Fair Value
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462000000 USD
CY2016Q4 us-gaap Commodity Contract Asset Noncurrent
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25162000000 USD
CY2017Q2 us-gaap Commodity Contract Asset Noncurrent
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CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
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0.23
us-gaap Common Stock Dividends Per Share Declared
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CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
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0.24
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2016Q4 us-gaap Common Stock Shares Outstanding
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8742614000 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8657946000 shares
CY2016Q4 us-gaap Common Stock Value
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702000000 USD
CY2017Q2 us-gaap Common Stock Value
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702000000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
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3715000000 USD
us-gaap Comprehensive Income Net Of Tax
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4767000000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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2685000000 USD
us-gaap Comprehensive Income Net Of Tax
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5164000000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-82000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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3633000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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4566000000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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2672000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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5082000000 USD
CY2016Q2 us-gaap Cost Of Goods Sold
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us-gaap Cost Of Goods Sold
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CY2017Q2 us-gaap Cost Of Goods Sold
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15501000000 USD
us-gaap Cost Of Goods Sold
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29991000000 USD
CY2016Q2 us-gaap Cost Of Services
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us-gaap Cost Of Services
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12466000000 USD
CY2017Q2 us-gaap Cost Of Services
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6292000000 USD
us-gaap Cost Of Services
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12162000000 USD
CY2016Q2 us-gaap Costs And Expenses
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29670000000 USD
us-gaap Costs And Expenses
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CY2017Q2 us-gaap Costs And Expenses
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28044000000 USD
us-gaap Costs And Expenses
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us-gaap Debt Instrument Term
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P15Y
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CY2017Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2016Q4 us-gaap Deferred Income Tax Assets Net
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1833000000 USD
CY2017Q2 us-gaap Deferred Income Tax Assets Net
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1241000000 USD
us-gaap Deferred Income Tax Expense Benefit
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672000000 USD
us-gaap Deferred Income Tax Expense Benefit
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CY2016Q2 us-gaap Depreciation
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us-gaap Depreciation
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2505000000 USD
CY2017Q2 us-gaap Depreciation
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1125000000 USD
us-gaap Depreciation
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2318000000 USD
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2505000000 USD
us-gaap Depreciation Amortization And Accretion Net
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2318000000 USD
CY2016Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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2025000000 USD
CY2017Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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2059000000 USD
CY2016Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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671000000 USD
CY2017Q2 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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450000000 USD
CY2016Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
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CY2017Q2 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
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CY2016Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement Deduction
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442000000 USD
CY2017Q2 us-gaap Derivative Asset Not Subject To Master Netting Arrangement Deduction
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432000000 USD
CY2016Q4 us-gaap Derivative Assets
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1113000000 USD
CY2017Q2 us-gaap Derivative Assets
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882000000 USD
CY2016Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
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262000000 USD
CY2017Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
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19000000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2017Q2 us-gaap Derivative Fair Value Of Derivative Liability
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CY2017Q2 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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CY2016Q4 us-gaap Derivative Liabilities
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410000000 USD
CY2017Q2 us-gaap Derivative Liabilities
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431000000 USD
CY2016Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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1355000000 USD
CY2017Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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462000000 USD
CY2016Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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410000000 USD
CY2017Q2 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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431000000 USD
CY2016Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
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CY2017Q2 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
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CY2016Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement Deduction
DerivativeLiabilityNotSubjectToMasterNettingArrangementDeduction
0 USD
CY2017Q2 us-gaap Derivative Liability Not Subject To Master Netting Arrangement Deduction
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0 USD
CY2016Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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4190000000 USD
CY2017Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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522000000 USD
CY2016Q4 us-gaap Dividends Payable Current
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CY2017Q2 us-gaap Dividends Payable Current
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2090000000 USD
CY2016Q2 us-gaap Dividends Preferred Stock
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us-gaap Dividends Preferred Stock
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441000000 USD
CY2017Q2 us-gaap Dividends Preferred Stock
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182000000 USD
us-gaap Dividends Preferred Stock
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216000000 USD
CY2016Q2 us-gaap Dividends Preferred Stock Cash
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120000000 USD
us-gaap Dividends Preferred Stock Cash
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185000000 USD
CY2017Q2 us-gaap Dividends Preferred Stock Cash
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147000000 USD
us-gaap Dividends Preferred Stock Cash
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147000000 USD
CY2016Q4 us-gaap Due From Related Parties Noncurrent
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CY2017Q2 us-gaap Income Loss Attributable To Parent
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us-gaap Income Loss Attributable To Parent
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2412000000 USD
CY2017Q2 us-gaap Due From Related Parties Noncurrent
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0 USD
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2017Q2 us-gaap Earnings Per Share Diluted
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0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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538000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.070
us-gaap Effective Income Tax Rate Continuing Operations
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0.013
CY2016Q4 us-gaap Equity Method Investments
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0 USD
CY2017Q2 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2016Q2 us-gaap Financial Services Revenue
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1317000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3144000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-382000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-933000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-560000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1610000000 USD
CY2016Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
303000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
562000000 USD
CY2017Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
133000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
323000000 USD
CY2016Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
1018000000 USD
CY2017Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
1051000000 USD
CY2016Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
536000000 USD
CY2017Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
427000000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
22912000000 USD
CY2017Q2 us-gaap Other Liabilities
OtherLiabilities
21607000000 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
18000000 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2887000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5866000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
4508000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
4332000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
206000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2643000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3052000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3470000000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
152000000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
441000000 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
182000000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
216000000 USD
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
5944250 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
5944250 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
6000000 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
6000000 USD
CY2016Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
5944000000 USD
us-gaap Revenues
Revenues
61339000000 USD
CY2017Q2 us-gaap Revenues
Revenues
29558000000 USD
CY2017Q2 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
6156000000 USD
CY2016Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
2185000000 USD
CY2017Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
2295000000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
5609000000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
145000000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
42874000000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
789000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-109000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-968000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
758000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
812000000 USD
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-14292000000 USD
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-2732000000 USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
9309000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1222000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2343000000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
2823000000 USD
us-gaap Profit Loss
ProfitLoss
2930000000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
1354000000 USD
us-gaap Profit Loss
ProfitLoss
1931000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85875000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
86320000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50518000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50167000000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
42263000000 USD
CY2017Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
39753000000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-461000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-946000000 USD
CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-467000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1525000000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
2972000000 USD
CY2016Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3036000000 USD
CY2016Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3070000000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3025000000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3054000000 USD
CY2017Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3193000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
139532000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
137044000000 USD
CY2016Q2 us-gaap Revenues
Revenues
33494000000 USD
us-gaap Revenues
Revenues
57219000000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
18865000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36073000000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
18364000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
35176000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
28028000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
53342000000 USD
CY2017Q2 us-gaap Subsidiary Or Equity Method Investee Minority Interest In Income Of Subsidiary
SubsidiaryOrEquityMethodInvesteeMinorityInterestInIncomeOfSubsidiary
0 USD
us-gaap Subsidiary Or Equity Method Investee Minority Interest In Income Of Subsidiary
SubsidiaryOrEquityMethodInvesteeMinorityInterestInIncomeOfSubsidiary
11000000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
27239000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
52467000000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
9163000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
17269000000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
8875000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
17291000000 USD
CY2016Q4 us-gaap Securities Held As Collateral At Fair Value
SecuritiesHeldAsCollateralAtFairValue
442000000 USD
CY2017Q2 us-gaap Securities Held As Collateral At Fair Value
SecuritiesHeldAsCollateralAtFairValue
432000000 USD
CY2016Q4 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
3821000000 USD
CY2017Q2 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
2532000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4883000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9491000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4287000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8793000000 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
30714000000 USD
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
30044000000 USD
CY2016Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Claim Adjustment Expense Aggregate Reconciling Items
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAggregateReconcilingItems
-460000000 USD
CY2017Q2 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Claim Adjustment Expense Aggregate Reconciling Items
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAggregateReconcilingItems
-545000000 USD
CY2016Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Claims Adjustment Expense Accumulated Unallocated Claim Adjustment Expense
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense
4992000000 USD
CY2017Q2 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Claims Adjustment Expense Accumulated Unallocated Claim Adjustment Expense
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense
5241000000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1723000000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1832000000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1920000000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1969000000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
343000000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
414000000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
339000000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
354000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
98274000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
84991000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
75828000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
74148000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
86684000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
77491000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75783000000 USD
CY2016Q2 us-gaap Subsidiary Or Equity Method Investee Minority Interest In Income Of Subsidiary
SubsidiaryOrEquityMethodInvesteeMinorityInterestInIncomeOfSubsidiary
0 USD
us-gaap Subsidiary Or Equity Method Investee Minority Interest In Income Of Subsidiary
SubsidiaryOrEquityMethodInvesteeMinorityInterestInIncomeOfSubsidiary
9000000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
17000000 USD
CY2017Q2 us-gaap Trading Securities
TradingSecurities
75000000 USD
CY2016Q2 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
0 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-2000000 USD
CY2017Q2 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
29000000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
29000000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
83038000000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
85617000000 USD
CY2016Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
25162000000 USD
CY2017Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
28924000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4692000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4760000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
118000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
119000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
615000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
682000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2886000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2894000000 USD
CY2017Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
5851000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9187000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9281000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8760000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8789000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
9079000000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
9179000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
8671000000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
8695000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9079000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9179000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8671000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8695000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">We have reclassified certain prior-period amounts to conform to the current-period presentation.</font></div></div>
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Insurance and investment contract liabilities comprise mainly obligations to policyholders and annuitants in our run-off insurance activities.</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #005cb9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#404040;font-style:italic;font-weight:bold;">(In millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #005cb9;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#404040;font-weight:bold;">June&#160;30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #005cb9;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #005cb9;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#404040;font-weight:bold;">December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #005cb9;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #005cb9;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #005cb9;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #005cb9;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Future policy benefit reserves(a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">19,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">18,741</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Investment contracts</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">2,671</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">2,813</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Other(b)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">5,241</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">4,992</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">27,016</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">26,546</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Eliminations</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(545)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(460)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">26,471</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">26,086</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#000000;">(a)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The future policy benefit reserve is subject to an annual review to determine its adequacy. Should the liability for future policy benefits plus the present value of expected future gross premiums be insufficient to provide for the present value of expected future policy benefits and expenses, a premium deficiency would be recorded.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#000000;">(b)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">Substantially all unpaid claims and claims adjustment expenses and unearned premiums.</font></div></td></tr></table></div>

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