2020 Q4 Form 10-K Financial Statement

#000088209521000008 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $7.421B $6.577B $5.143B
YoY Change 26.23% 17.36% -9.53%
Cost Of Revenue $1.398B $1.141B $1.064B
YoY Change -16.93% 10.24% 6.4%
Gross Profit $5.930B $5.352B $4.003B
YoY Change 44.18% 19.44% -13.11%
Gross Profit Margin 79.91% 81.37% 77.83%
Selling, General & Admin $1.730B $1.106B $1.239B
YoY Change 43.69% 5.13% 13.15%
% of Gross Profit 29.17% 20.67% 30.95%
Research & Development $1.642B $1.158B $1.299B
YoY Change -13.53% -76.79% 11.98%
% of Gross Profit 27.69% 21.64% 32.45%
Depreciation & Amortization $427.0M $355.0M $349.0M
YoY Change 22.0% 2.31% 0.29%
% of Gross Profit 7.2% 6.63% 8.72%
Operating Expenses $3.372B $2.264B $2.538B
YoY Change 8.67% -62.53% 12.55%
Operating Profit $2.558B $2.001B -$2.983B
YoY Change 153.27% -235.85% -222.76%
Interest Expense $387.0M $236.0M $240.0M
YoY Change -39.34% -5.6% -3.23%
% of Operating Profit 15.13% 11.79%
Other Income/Expense, Net -$1.224B -$940.0M $250.0M
YoY Change -820.0% -523.42% 9.65%
Pretax Income $1.814B $825.0M -$2.973B
YoY Change -4.58% -154.96% -223.36%
Income Tax $270.0M $472.0M $373.0M
% Of Pretax Income 14.88% 57.21%
Net Earnings $1.551B $360.0M -$3.339B
YoY Change -42.47% -130.9% -277.61%
Net Earnings / Revenue 20.9% 5.47% -64.92%
Basic Earnings Per Share $1.24 $0.29 -$2.66
Diluted Earnings Per Share $1.23 $0.29 -$2.66
COMMON SHARES
Basic Shares Outstanding 1.254B shares 1.255B shares 1.255B shares
Diluted Shares Outstanding 1.261B shares 1.255B shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.408B $23.98B $18.91B
YoY Change -69.58% 4.9% -30.42%
Cash & Equivalents $5.997B $12.89B $6.746B
Short-Term Investments $1.411B $11.09B $12.17B
Other Short-Term Assets $2.013B $2.030B $1.483B
YoY Change 39.79% 55.2% -34.5%
Inventory $1.683B $1.008B $1.052B
Prepaid Expenses
Receivables $4.892B $3.913B $3.194B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.00B $30.93B $24.64B
YoY Change -47.2% 9.04% -26.93%
LONG-TERM ASSETS
Property, Plant & Equipment $4.967B $4.810B $4.653B
YoY Change 10.33% 9.89% 9.51%
Goodwill $8.108B $4.117B $4.117B
YoY Change 96.94% 0.0% 0.0%
Intangibles $33.13B $12.94B $13.23B
YoY Change 140.29% -12.95% -12.72%
Long-Term Investments $502.0M $2.074B $2.276B
YoY Change -66.26% -5.51% -25.4%
Other Assets $5.708B $6.012B $7.020B
YoY Change -23.26% 14.91% 140.91%
Total Long-Term Assets $52.41B $29.95B $31.29B
YoY Change 67.28% -2.71% 6.13%
TOTAL ASSETS
Total Short-Term Assets $16.00B $30.93B $24.64B
Total Long-Term Assets $52.41B $29.95B $31.29B
Total Assets $68.41B $60.88B $55.93B
YoY Change 11.0% 2.93% -11.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $844.0M $527.0M $532.0M
YoY Change 18.37% -16.61% -13.78%
Accrued Expenses $4.336B $4.141B $3.696B
YoY Change 41.05% 48.69% 33.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.757B $1.498B $2.999B
YoY Change 10.32% -40.03% 50.03%
Total Short-Term Liabilities $11.40B $9.509B $10.56B
YoY Change 16.78% -0.61% 17.89%
LONG-TERM LIABILITIES
Long-Term Debt $28.65B $27.79B $21.10B
YoY Change 29.65% 25.81% -12.38%
Other Long-Term Liabilities $1.214B $1.086B $1.018B
YoY Change 20.32% 20.53% -35.45%
Total Long-Term Liabilities $29.86B $28.88B $22.12B
YoY Change 29.24% 25.61% -13.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.40B $9.509B $10.56B
Total Long-Term Liabilities $29.86B $28.88B $22.12B
Total Liabilities $41.26B $38.39B $32.69B
YoY Change 25.54% 17.9% -5.59%
SHAREHOLDERS EQUITY
Retained Earnings $14.38B $13.71B $14.45B
YoY Change -25.83% -22.18% -27.15%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.20B $17.45B $18.03B
YoY Change
Total Liabilities & Shareholders Equity $68.41B $60.88B $55.93B
YoY Change 11.0% 2.93% -11.51%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $1.551B $360.0M -$3.339B
YoY Change -42.47% -130.9% -277.61%
Depreciation, Depletion And Amortization $427.0M $355.0M $349.0M
YoY Change 22.0% 2.31% 0.29%
Cash From Operating Activities $1.916B $2.250B $2.566B
YoY Change -25.74% -14.93% 9.56%
INVESTING ACTIVITIES
Capital Expenditures -$181.0M -$155.0M -$143.0M
YoY Change -10.84% -22.5% -22.7%
Acquisitions
YoY Change
Other Investing Activities -$8.796B -$116.0M -$4.880B
YoY Change -1487.38% -92.93% -18.37%
Cash From Investing Activities -$8.977B -$271.0M -$5.023B
YoY Change -2182.83% -85.28% -18.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 131.0M 4.124B -874.0M
YoY Change -114.62% -263.98% -52.93%
NET CHANGE
Cash From Operating Activities 1.916B 2.250B 2.566B
Cash From Investing Activities -8.977B -271.0M -5.023B
Cash From Financing Activities 131.0M 4.124B -874.0M
Net Change In Cash -6.930B 6.103B -3.331B
YoY Change -427.66% -456.69% -41.33%
FREE CASH FLOW
Cash From Operating Activities $1.916B $2.250B $2.566B
Capital Expenditures -$181.0M -$155.0M -$143.0M
Free Cash Flow $2.097B $2.405B $2.709B
YoY Change -24.65% -15.47% 7.2%

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CY2020 us-gaap Use Of Estimates
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Significant Accounting Policies, Estimates and Judgments The preparation of these Consolidated Financial Statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures. On an ongoing basis, we evaluate our significant accounting policies and estimates. We base our estimates on historical experience and on various market specific and other relevant assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Estimates are assessed each period and updated to reflect current information, such as the economic considerations related to the impact that the recent coronavirus disease (“COVID-19”) could have on our significant accounting estimates. Actual results may differ significantly from these estimates.
CY2020 us-gaap Prior Period Reclassification Adjustment Description
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning 2020, acquired in-process research and development (“IPR&amp;D”) expenses are reported separately from Research and development expenses on our Consolidated Statements of Income. Acquired IPR&amp;D expenses on our Consolidated Statements of Income reflect IPR&amp;D impairments as well as the initial costs of externally developed IPR&amp;D projects, acquired directly in a transaction other than a business combination, that do not have an alternative future use, including upfront payments related to various collaborations and the initial costs of rights to IPR&amp;D projects. Our Consolidated Statements of Income for the years ended December 31, 2019 and 2018 have been conformed to separately present acquired IPR&amp;D expenses. </span></div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Consolidated Statement of Cash Flows for the year ended December 31, 2019, has been conformed to separately present acquired IPR&amp;D expenses exclusive of IPR&amp;D impairments. Comparative amounts in our Consolidated Statement of Cash Flows for the year ended December 31, 2018 were not material. There was no change in income from operations or operating cash flow as a result of these reclassifications.</span></div>
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795000000 USD
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CY2020 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to credit risk from our portfolio of cash equivalents and marketable securities. Under our investment policy, we limit amounts invested in such securities by credit rating, maturity, industry group, investment type and issuer, except for securities issued by the U.S. government. We are not exposed to any significant concentrations of credit risk from these financial instruments. The goals of our investment policy, in order of priority, are as follows: safety and preservation of principal and diversification of risk; liquidity of investments sufficient to meet cash flow requirements; and a competitive after-tax rate of return.</span></div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also subject to credit risk from our accounts receivable related to our product sales. Trade accounts receivable are recorded net of allowances for wholesaler chargebacks related to government and other programs, cash discounts for prompt payment and credit losses. Estimates of our allowance for credit losses consider a number of factors including existing contractual payment terms, individual customer circumstances, historical payment patterns of our customers, a review of the local economic environment and its potential impact on expected future customer payment patterns and government funding and reimbursement practices. The majority of our trade accounts receivable arises from product sales in the United States, Europe and Japan. There were no material write-offs charged against the allowance for the year ended December 31, 2020.</span></div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of the raw materials and components that we utilize in our operations are obtained through single suppliers. Certain of the raw materials that we utilize in our operations are made at only one facility. Since the suppliers of key components and raw materials must be named in a new drug application filed with U.S. Food and Drug Administration (“FDA”) for a product, significant delays can occur if the qualification of a new supplier is required. If delivery of material from our suppliers is interrupted for any reason, we may be unable to ship our commercial products or to supply our product candidates for clinical trials.</span></div>
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0 USD
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24000000 USD
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204000000 USD
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82000000 USD
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1700000000 USD
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1200000000 USD
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11039000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
800000000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
820000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2023000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2026000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
16499000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
16500000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2026000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
16500000000 USD
CY2020Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
9000000 USD
CY2019Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
37000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1522000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1524000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
489000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
490000000 USD
CY2020Q4 gild Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
12000000 USD
CY2020Q4 gild Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
12000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2023000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2026000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
75 security
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
305 security
CY2019 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2020 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2400000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2900000000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
12000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
121000000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
37000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
8000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-118000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
76000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
114000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
47000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
127000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-87000000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-51000000 USD
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
22000000 USD
CY2018 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2000000 USD
CY2020 us-gaap Gain Loss On Discontinuation Of Foreign Currency Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfForeignCurrencyCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2019 us-gaap Gain Loss On Discontinuation Of Foreign Currency Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfForeignCurrencyCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2018 us-gaap Gain Loss On Discontinuation Of Foreign Currency Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfForeignCurrencyCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
12000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
12000000 USD
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
12000000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
121000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
121000000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
12000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
109000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
37000000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
37000000 USD
CY2019Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
6000000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
31000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
8000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
8000000 USD
CY2019Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
7000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
1000000 USD
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.2
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.2
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1080000000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1348000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
976000000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
170000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
958000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
549000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1683000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
922000000 USD
CY2020Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
1331000000 USD
CY2019Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
1145000000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
649000000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
572000000 USD
CY2020Q4 us-gaap Land
Land
404000000 USD
CY2019Q4 us-gaap Land
Land
404000000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3678000000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3358000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
8108000000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
904000000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
805000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
793000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
634000000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
856000000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
723000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6635000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5924000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1668000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1422000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4967000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4502000000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
124000000 USD
CY2019Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
108000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
4117000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22897000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6660000000 USD
CY2020Q4 gild Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Cumulative Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossCumulativeGainLoss
-1000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16236000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18018000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5468000000 USD
CY2019Q4 gild Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Cumulative Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossCumulativeGainLoss
-6000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12544000000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39787000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6660000000 USD
CY2020Q4 gild Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss Cumulative Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossCumulativeGainLoss
-1000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33126000000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
19265000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5468000000 USD
CY2019Q4 gild Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss Cumulative Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossCumulativeGainLoss
-11000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13786000000 USD
CY2020Q4 gild Indefinite Lived Intangible Assets Acquired Discount Rate
IndefiniteLivedIntangibleAssetsAcquiredDiscountRate
0.08
CY2019Q4 gild Indefinite Lived Intangible Assets Acquired Discount Rate
IndefiniteLivedIntangibleAssetsAcquiredDiscountRate
0.095
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
800000000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
820000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1527000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1527000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1527000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1527000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1521000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
8607000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16236000000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
137000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2287000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
864000000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5560000000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4351000000 USD
CY2020Q4 gild Accounts Receivable Chargebacks Current
AccountsReceivableChargebacksCurrent
552000000 USD
CY2019Q4 gild Accounts Receivable Chargebacks Current
AccountsReceivableChargebacksCurrent
655000000 USD
CY2020Q4 gild Accounts Receivable Cash Discounts And Other Current
AccountsReceivableCashDiscountsAndOtherCurrent
72000000 USD
CY2019Q4 gild Accounts Receivable Cash Discounts And Other Current
AccountsReceivableCashDiscountsAndOtherCurrent
74000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
44000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4892000000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3582000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
599000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
598000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
287000000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
587000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2051000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4336000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3074000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31402000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
24593000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2757000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2499000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
28645000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
22094000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2750000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1500000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4250000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1750000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1750000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
18500000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
30500000000 USD
CY2020 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
994000000 USD
CY2019 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1000000000.0 USD
CY2018 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1100000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
CY2020 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
one year
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
171000000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
162000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
109000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
646000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
668000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
107000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
99000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
608000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
626000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0332
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0347
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
66000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
66000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
88000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
313000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
127000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
122000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
112000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
97000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
70000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
300000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
828000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
113000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
715000000 USD
CY2020 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
21000 plaintiff
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
6800000000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1583000000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1749000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2900000000 USD
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
70.64
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
66.36
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
72.95
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
867000000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.63
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
814000000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
866000000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
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0.63
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NetIncomeLoss
1551000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3339000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
360000000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1551000000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.66
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.66
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2019Q1 us-gaap Revenues
Revenues
5281000000 USD
CY2019Q2 us-gaap Revenues
Revenues
5685000000 USD
CY2019Q3 us-gaap Revenues
Revenues
5604000000 USD
CY2019Q4 us-gaap Revenues
Revenues
5879000000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
4243000000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
4607000000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
4481000000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
4113000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
1968000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
1875000000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
1975000000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1880000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-1165000000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
2696000000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.92
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.13
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.92
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
CY2019Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
800000000 USD

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