2017 Q3 Form 10-Q Financial Statement

#000004392017000040 Filed on September 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $961.8M $867.6M $845.0M
YoY Change 13.82% -0.1% -9.14%
Cost Of Revenue $774.7M $684.2M $668.5M
YoY Change 15.89% -2.33% -12.41%
Gross Profit $187.1M $183.4M $176.5M
YoY Change 6.01% 9.17% 5.82%
Gross Profit Margin 19.45% 21.14% 20.89%
Selling, General & Admin $92.60M $96.50M $92.60M
YoY Change 0.0% 0.52% -4.44%
% of Gross Profit 49.49% 52.62% 52.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.70M $31.90M $31.50M
YoY Change -12.06% -5.34% -0.32%
% of Gross Profit 14.8% 17.39% 17.85%
Operating Expenses $92.60M $96.50M $92.60M
YoY Change 0.0% 0.52% -4.44%
Operating Profit $90.50M $86.90M $71.60M
YoY Change 26.4% 20.69% 61.99%
Interest Expense -$13.70M -$17.20M -$19.80M
YoY Change -30.81% -7.53% 7.61%
% of Operating Profit -15.14% -19.79% -27.65%
Other Income/Expense, Net -$1.400M -$1.600M -$2.700M
YoY Change -48.15% -27.27% -268.75%
Pretax Income $74.40M $34.80M $49.10M
YoY Change 51.53% 207.96% 79.2%
Income Tax $27.20M $28.30M $3.500M
% Of Pretax Income 36.56% 81.32% 7.13%
Net Earnings $43.90M $8.500M $46.10M
YoY Change -4.77% -31.45% 436.05%
Net Earnings / Revenue 4.56% 0.98% 5.46%
Basic Earnings Per Share
Diluted Earnings Per Share $918.4K $176.3K $964.4K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.60M $103.7M $94.30M
YoY Change 0.32% -2.35% -7.28%
Cash & Equivalents $94.60M $103.7M $94.30M
Short-Term Investments
Other Short-Term Assets $162.4M $98.20M $133.7M
YoY Change 21.47% -38.36% 3.0%
Inventory $336.8M $277.4M $288.5M
Prepaid Expenses $30.00M
Receivables $453.6M $399.2M $418.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.125B $912.3M $946.3M
YoY Change 18.88% -9.54% -12.38%
LONG-TERM ASSETS
Property, Plant & Equipment $1.169B $1.172B $1.173B
YoY Change -0.38% -3.76% -4.89%
Goodwill $772.7M $786.4M $791.0M
YoY Change -2.31% -2.56% -2.38%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $95.10M $89.70M $92.00M
YoY Change 3.37% -1.43% 19.79%
Total Long-Term Assets $2.212B $19.20M $2.238B
YoY Change -1.16% -68.37% -4.18%
TOTAL ASSETS
Total Short-Term Assets $1.125B $912.3M $946.3M
Total Long-Term Assets $2.212B $19.20M $2.238B
Total Assets $3.337B $3.153B $3.184B
YoY Change 4.8% -4.91% -6.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $394.8M $372.0M $340.5M
YoY Change 15.95% 4.7% -4.73%
Accrued Expenses $99.90M $93.70M $90.20M
YoY Change 10.75% 12.22% 5.5%
Deferred Revenue
YoY Change
Short-Term Debt $18.30M $51.60M $55.20M
YoY Change -66.85% 26.78% 8.88%
Long-Term Debt Due $16.30M $0.00 $300.3M
YoY Change -94.57% -100.0% 1146.06%
Total Short-Term Liabilities $719.1M $659.2M $914.3M
YoY Change -21.35% 1.89% 31.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.034B $974.6M $758.6M
YoY Change 36.26% -12.69% -34.31%
Other Long-Term Liabilities $85.10M $83.90M $82.40M
YoY Change 3.28% 19.52% 44.56%
Total Long-Term Liabilities $1.545B $1.504B $1.243B
YoY Change 24.29% -6.51% -23.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $719.1M $659.2M $914.3M
Total Long-Term Liabilities $1.545B $1.504B $1.243B
Total Liabilities $2.264B $2.163B $2.157B
YoY Change 4.95% -4.1% -7.12%
SHAREHOLDERS EQUITY
Retained Earnings $1.355B $1.340B $1.355B
YoY Change 0.0% -3.21% -2.98%
Common Stock $144.2M $141.4M $141.4M
YoY Change 1.98% 1.65% 1.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $135.6M $135.6M $135.6M
YoY Change 0.0% 3.83% 3.83%
Treasury Stock Shares
Shareholders Equity $1.033B $947.4M $981.8M
YoY Change
Total Liabilities & Shareholders Equity $3.337B $3.153B $3.184B
YoY Change 4.8% -4.91% -6.78%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $43.90M $8.500M $46.10M
YoY Change -4.77% -31.45% 436.05%
Depreciation, Depletion And Amortization $27.70M $31.90M $31.50M
YoY Change -12.06% -5.34% -0.32%
Cash From Operating Activities $89.60M $143.0M $100.3M
YoY Change -10.67% 7.6% 0.4%
INVESTING ACTIVITIES
Capital Expenditures -$27.30M -$31.10M -$28.60M
YoY Change -4.55% 11.87% -44.14%
Acquisitions
YoY Change
Other Investing Activities $5.700M $1.400M $7.300M
YoY Change -21.92% -103.51% -55.21%
Cash From Investing Activities -$21.60M -$29.70M -$21.30M
YoY Change 1.41% -56.13% -38.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -63.10M -101.6M -70.00M
YoY Change -9.86% 60.0% 386.11%
NET CHANGE
Cash From Operating Activities 89.60M 143.0M 100.3M
Cash From Investing Activities -21.60M -29.70M -21.30M
Cash From Financing Activities -63.10M -101.6M -70.00M
Net Change In Cash 4.900M 11.70M 9.000M
YoY Change -45.56% 588.24% -82.21%
FREE CASH FLOW
Cash From Operating Activities $89.60M $143.0M $100.3M
Capital Expenditures -$27.30M -$31.10M -$28.60M
Free Cash Flow $116.9M $174.1M $128.9M
YoY Change -9.31% 8.34% -14.69%

Facts In Submission

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CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
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1500000 USD
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0 USD
CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
10300000 USD
CY2016Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
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3800000 USD
CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
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16100000 USD
CY2016Q3 us-gaap Dividends Common Stock Cash
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24700000 USD
us-gaap Dividends Common Stock Cash
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74000000 USD
CY2017Q3 us-gaap Dividends Common Stock Cash
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24700000 USD
us-gaap Dividends Common Stock Cash
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73900000 USD
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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200000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
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93700000 USD
CY2017Q3 us-gaap Employee Related Liabilities Current
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99900000 USD
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0 USD
us-gaap Equity Method Investment Dividends Or Distributions
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0 USD
CY2017Q3 us-gaap Equity Method Investment Dividends Or Distributions
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0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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106600000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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106800000 USD
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13200000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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10000000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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11500000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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12100000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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12200000 USD
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217200000 USD
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193400000 USD
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110600000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
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86600000 USD
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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1300000 USD
us-gaap Gain Loss On Disposition Of Assets1
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4100000 USD
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets1
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800000 USD
us-gaap Gain Loss On Disposition Of Assets1
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2200000 USD
CY2016Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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2000000 USD
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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-2300000 USD
CY2017Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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-900000 USD
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700000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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9500000 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
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1100000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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3900000 USD
CY2016Q4 us-gaap Goodwill
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CY2017Q3 us-gaap Goodwill
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772700000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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0 USD
CY2017Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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0 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
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23500000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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37200000 USD
CY2016Q3 us-gaap Gross Profit
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176500000 USD
us-gaap Gross Profit
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501500000 USD
CY2017Q3 us-gaap Gross Profit
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187100000 USD
us-gaap Gross Profit
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532300000 USD
CY2016Q3 us-gaap Impairment Of Long Lived Assets Held For Use
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4100000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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44900000 USD
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2000000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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5900000 USD
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49100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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106400000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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74400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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157100000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
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800000 USD
us-gaap Income Loss From Equity Method Investments
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800000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
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300000 USD
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3500000 USD
us-gaap Income Tax Expense Benefit
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38200000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
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27200000 USD
us-gaap Income Tax Expense Benefit
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62000000 USD
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7300000 USD
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20000000 USD
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29500000 USD
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55600000 USD
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3600000 USD
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60500000 USD
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us-gaap Increase Decrease In Pension And Postretirement Obligations
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us-gaap Increase Decrease In Pension And Postretirement Obligations
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20200000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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30800000 USD
us-gaap Increase Decrease In Restructuring Reserve
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-6400000 USD
us-gaap Increase Decrease In Restructuring Reserve
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us-gaap Interest Income Expense Nonoperating Net
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us-gaap Interest Income Expense Nonoperating Net
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CY2017Q3 us-gaap Inventory Net
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336800000 USD
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185400000 USD
CY2017Q3 us-gaap Inventory Raw Materials Net Of Reserves
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231400000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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12200000 USD
CY2017Q3 us-gaap Inventory Work In Process Net Of Reserves
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12200000 USD
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99500000 USD
CY2017Q3 us-gaap Land
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100100000 USD
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3153000000 USD
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3336700000 USD
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659200000 USD
CY2017Q3 us-gaap Liabilities Current
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719100000 USD
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1504100000 USD
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0 USD
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14500000 USD
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16300000 USD
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1484800000 USD
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10500000 USD
CY2017Q3 us-gaap Minority Interest
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10100000 USD
us-gaap Minority Interest Change In Redemption Value
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3800000 USD
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3900000 USD
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3100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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4600000 USD
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158000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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105100000 USD
CY2016Q3 us-gaap Net Income Loss
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46100000 USD
us-gaap Net Income Loss
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66400000 USD
CY2017Q3 us-gaap Net Income Loss
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43900000 USD
us-gaap Net Income Loss
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300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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2600000 USD
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3600000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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10100000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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3900000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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3100000 USD
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2600000 USD
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0 business
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5 Segment
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4 Segment
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71600000 USD
us-gaap Operating Income Loss
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172000000 USD
CY2017Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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95100000 USD
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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30500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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31700000 USD
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30100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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85100000 USD
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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0 USD
us-gaap Payments Of Debt Issuance Costs
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74000000 USD
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4800000 USD
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400000 USD
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0 USD
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71400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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65100000 USD
us-gaap Payments To Acquire Timberlands
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4700000 USD
us-gaap Payments To Acquire Timberlands
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7300000 USD
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13700000 USD
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44200000 USD
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0 USD
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23800000 USD
us-gaap Proceeds From Divestiture Of Businesses
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4500000 USD
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25200000 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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3700000 USD
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9300000 USD
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us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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10900000 USD
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46400000 USD
us-gaap Profit Loss
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69000000 USD
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47500000 USD
us-gaap Profit Loss
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1168500000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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31800000 USD
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29800000 USD
us-gaap Repayments Of Long Term Debt
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937500000 USD
us-gaap Repayments Of Long Term Debt
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28600000 USD
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16100000 USD
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19900000 USD
CY2016Q3 us-gaap Restructuring Charges
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10200000 USD
us-gaap Restructuring Charges
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17900000 USD
CY2017Q3 us-gaap Restructuring Charges
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3900000 USD
us-gaap Restructuring Charges
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8700000 USD
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10400000 USD
CY2017Q3 us-gaap Restructuring Reserve
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7000000 USD
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10400000 USD
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7000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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1340000000 USD
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845000000 USD
us-gaap Sales Revenue Net
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2456000000 USD
CY2017Q3 us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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2670100000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
92600000 USD
us-gaap Selling General And Administrative Expense
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280300000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
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92600000 USD
us-gaap Selling General And Administrative Expense
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286200000 USD
CY2016Q4 us-gaap Short Term Borrowings
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51600000 USD
CY2017Q3 us-gaap Short Term Borrowings
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18300000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1400000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1300000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1100000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1400000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
947400000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
1032600000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1059900000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
994200000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
957900000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1042700000 USD
CY2016Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
277800000 USD
CY2017Q3 us-gaap Timber And Timberlands
TimberAndTimberlands
275200000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
135600000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
135600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-100000 USD
CY2016Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
50900000 USD
CY2017Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
50900000 USD
CY2016Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
43300000 USD
CY2017Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
43300000 USD

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