2014 Q2 Form 10-K Financial Statement

#000119312514260716 Filed on July 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 2013 Q2
Revenue $4.284B $17.91B $4.411B
YoY Change -2.88% 0.76% 8.47%
Cost Of Revenue $2.806B $11.54B $2.858B
YoY Change -1.82% 1.67% 11.2%
Gross Profit $1.482B $6.370B $1.531B
YoY Change -3.15% -0.84% 2.31%
Gross Profit Margin 34.6% 35.57% 34.7%
Selling, General & Admin $868.8M $3.474B $935.0M
YoY Change -7.08% -2.2% 9.05%
% of Gross Profit 58.61% 54.54% 61.09%
Research & Development $243.6M
YoY Change 2.4%
% of Gross Profit 3.82%
Depreciation & Amortization $143.3M $585.4M $155.7M
YoY Change -7.96% -0.44% 9.11%
% of Gross Profit 9.67% 9.19% 10.17%
Operating Expenses $868.8M $3.718B $935.0M
YoY Change -7.08% -1.91% 9.05%
Operating Profit $613.6M $2.957B $595.6M
YoY Change 3.02% 3.7% -6.75%
Interest Expense -$71.80M $302.4M -$97.00M
YoY Change -25.98% -4.58% 16.45%
% of Operating Profit -11.7% 10.23% -16.29%
Other Income/Expense, Net
YoY Change
Pretax Income $602.5M $2.181B $518.8M
YoY Change 16.13% 6.35% 14.1%
Income Tax $203.7M $883.3M $163.5M
% Of Pretax Income 33.81% 40.49% 31.52%
Net Earnings $404.6M $1.824B $366.3M
YoY Change 10.46% -1.66% 12.57%
Net Earnings / Revenue 9.44% 10.19% 8.3%
Basic Earnings Per Share $0.66 $2.90 $0.57
Diluted Earnings Per Share $0.65 $2.83 $0.55
COMMON SHARES
Basic Shares Outstanding 628.6M shares 640.9M shares
Diluted Shares Outstanding 645.7M shares

Balance Sheet

Concept 2014 Q2 2014 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $867.0M $867.0M $741.0M
YoY Change 17.0% 17.0% 57.32%
Cash & Equivalents $867.3M $867.0M $741.4M
Short-Term Investments
Other Short-Term Assets $409.1M $329.0M $437.6M
YoY Change -6.51% -11.8% 22.2%
Inventory $1.559B $1.559B $1.546B
Prepaid Expenses $187.2M $168.6M
Receivables $1.484B $1.484B $1.446B
Other Receivables $0.00 $154.0M $0.00
Total Short-Term Assets $4.394B $4.394B $4.299B
YoY Change 2.2% 2.21% 16.46%
LONG-TERM ASSETS
Property, Plant & Equipment $3.942B $3.942B $3.878B
YoY Change 1.65% 1.65% 6.17%
Goodwill $8.651B $8.622B
YoY Change 0.33% 5.37%
Intangibles $5.014B $5.015B
YoY Change -0.02% 6.59%
Long-Term Investments $507.5M $508.0M $478.5M
YoY Change 6.06% 6.05% -9.55%
Other Assets $1.146B $638.0M $843.7M
YoY Change 35.77% 74.79% -2.5%
Total Long-Term Assets $18.75B $18.75B $18.36B
YoY Change 2.14% 2.14% 5.48%
TOTAL ASSETS
Total Short-Term Assets $4.394B $4.394B $4.299B
Total Long-Term Assets $18.75B $18.75B $18.36B
Total Assets $23.15B $23.15B $22.66B
YoY Change 2.15% 2.15% 7.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.611B $1.611B $1.423B
YoY Change 13.22% 13.21% 23.88%
Accrued Expenses $1.124B
YoY Change -8.77%
Deferred Revenue
YoY Change
Short-Term Debt $1.112B $1.112B $599.7M
YoY Change 85.38% 85.33% 13.9%
Long-Term Debt Due $1.251B $1.251B $1.443B
YoY Change -13.31% -13.31% 94.68%
Total Short-Term Liabilities $5.424B $5.424B $5.294B
YoY Change 2.45% 2.46% 37.75%
LONG-TERM LIABILITIES
Long-Term Debt $6.424B $6.424B $5.926B
YoY Change 8.4% 8.4% -3.83%
Other Long-Term Liabilities $1.643B $1.643B $1.953B
YoY Change -15.86% -15.87% -10.82%
Total Long-Term Liabilities $1.643B $8.067B $7.879B
YoY Change -79.14% 2.39% -5.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.424B $5.424B $5.294B
Total Long-Term Liabilities $1.643B $8.067B $7.879B
Total Liabilities $15.16B $16.61B $14.56B
YoY Change 4.08% 3.91% 8.95%
SHAREHOLDERS EQUITY
Retained Earnings $11.79B $10.70B
YoY Change 10.13% 7.47%
Common Stock $1.307B $1.242B
YoY Change 5.25% -10.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.219B $3.687B
YoY Change 41.55% 16.06%
Treasury Stock Shares 142.3M shares 113.8M shares
Shareholders Equity $6.535B $6.535B $6.672B
YoY Change
Total Liabilities & Shareholders Equity $23.15B $23.15B $22.66B
YoY Change 2.15% 2.15% 7.4%

Cashflow Statement

Concept 2014 Q2 2014 2013 Q2
OPERATING ACTIVITIES
Net Income $404.6M $1.824B $366.3M
YoY Change 10.46% -1.66% 12.57%
Depreciation, Depletion And Amortization $143.3M $585.4M $155.7M
YoY Change -7.96% -0.44% 9.11%
Cash From Operating Activities $816.8M $2.541B $780.3M
YoY Change 4.68% -13.16% 4.65%
INVESTING ACTIVITIES
Capital Expenditures -$247.1M $663.5M -$201.7M
YoY Change 22.51% 8.08% -19.96%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $115.6M $900.0K -$32.50M
YoY Change -455.69% -74.29% -78.2%
Cash From Investing Activities -$131.5M -$561.8M -$234.2M
YoY Change -43.85% -62.93% -41.61%
FINANCING ACTIVITIES
Cash Dividend Paid $983.3M
YoY Change 13.34%
Common Stock Issuance & Retirement, Net $1.745B
YoY Change 67.03%
Debt Paid & Issued, Net $1.445B
YoY Change 166.42%
Cash From Financing Activities -653.9M -$1.824B -540.9M
YoY Change 20.89% 59.98% 56.74%
NET CHANGE
Cash From Operating Activities 816.8M $2.541B 780.3M
Cash From Investing Activities -131.5M -$561.8M -234.2M
Cash From Financing Activities -653.9M -$1.824B -540.9M
Net Change In Cash 31.40M $155.1M 5.200M
YoY Change 503.85% -42.64% -966.67%
FREE CASH FLOW
Cash From Operating Activities $816.8M $2.541B $780.3M
Capital Expenditures -$247.1M $663.5M -$201.7M
Free Cash Flow $1.064B $1.878B $982.0M
YoY Change 8.34% -18.8% -1.56%

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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">NOTE</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION AND RECLASSIFICATIONS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Basis of Presentation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our Consolidated Financial Statements include the accounts of General Mills, Inc. and all subsidiaries in which we </font><font style="font-family:Times New Roman;font-size:10pt;">have a controlling financial interest. Intercompany transactions and accounts</font><font style="font-family:Times New Roman;font-size:10pt;">, including any </font><font style="font-family:Times New Roman;font-size:10pt;">noncontrolling</font><font style="font-family:Times New Roman;font-size:10pt;"> and redeemable interests' share of those transactions,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are eliminated in consolidation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our fiscal year ends on the</font><font style="font-family:Times New Roman;font-size:10pt;"> last Sunday in May</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Fiscal </font><font style="font-family:Times New Roman;font-size:10pt;">years </font><font style="font-family:Times New Roman;font-size:10pt;">2014, 2013 </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;">nd 201</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> each consisted of 52 weeks.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Change in Reporting Period</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As part of a long-term plan to conform the fiscal year ends of all our operations, we have changed the reporting period of certain countries within our International segment from an April fiscal year end to a May fiscal year end to match our fiscal calendar. Accordingly, in the year of change, our results include 13 months of results from the affected operations compared to 12 months in previous fiscal years. </font><font style="font-family:Times New Roman;font-size:10pt;">We</font><font style="font-family:Times New Roman;font-size:10pt;"> changed the reporting p</font><font style="font-family:Times New Roman;font-size:10pt;">eriod for our</font><font style="font-family:Times New Roman;font-size:10pt;"> operations in</font><font style="font-family:Times New Roman;font-size:10pt;"> Europe </font><font style="font-family:Times New Roman;font-size:10pt;">and Australia</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">in fiscal 2013,</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">we changed the reporting period for our</font><font style="font-family:Times New Roman;font-size:10pt;"> operations in China </font><font style="font-family:Times New Roman;font-size:10pt;">in fiscal 2012</font><font style="font-family:Times New Roman;font-size:10pt;">. The impact of these changes was not material to our</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated</font><font style="font-family:Times New Roman;font-size:10pt;"> results of operations and, therefore, we did not restate prior period financia</font><font style="font-family:Times New Roman;font-size:10pt;">l statements for comparability.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Our</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Yoplait</font><font style="font-family:Times New Roman;font-size:10pt;"> S</font><font style="font-family:Times New Roman;font-size:10pt;">.A.S.</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">Yoplait Marques S.A.S.</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">Yoki</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Alimentos</font><font style="font-family:Times New Roman;font-size:10pt;"> S.A. 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4704900000 USD
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1108500000 USD
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310700000 USD
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135800000 USD
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5600000 USD
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0 USD
CY2013 us-gaap Available For Sale Securities Gross Unrealized Loss
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0 USD
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0 USD
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11700000 USD
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65800000 USD
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19600000 USD
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4700000 USD
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140500000 USD
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326000000 USD
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2300000 USD
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43100000 USD
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-4900000 USD
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2200000 USD
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48500000 USD
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CY2013 us-gaap Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
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-1700000 USD
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4400000 USD
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30300000 USD
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0 USD
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30300000 USD
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11400000 USD
CY2014Q2 us-gaap Derivative Collateral Obligation To Return Cash
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0 USD
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18900000 USD
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0 USD
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23100000 USD
CY2014Q2 us-gaap Derivative Collateral Right To Reclaim Securities
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11400000 USD
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46200000 USD
CY2013Q2 us-gaap Derivative Collateral Obligation To Return Securities
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1700000 USD
CY2013Q2 us-gaap Derivative Collateral Obligation To Return Cash
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0 USD
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44500000 USD
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25200000 USD
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19600000 USD
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5600000 USD
CY2013Q2 us-gaap Derivative Collateral Right To Reclaim Securities
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1700000 USD
CY2013Q2 us-gaap Derivative Collateral Right To Reclaim Cash
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0 USD
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3900000 USD
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363800000 USD
CY2014Q2 us-gaap Liabilities Fair Value Disclosure
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28000000 USD
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194100000 USD
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0 USD
CY2013Q2 us-gaap Liabilities Fair Value Disclosure
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36200000 USD
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8188600000 USD
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5900000 USD
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-104300000 USD
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285500000 USD
CY2014 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
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P18M
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9000000 USD
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9000000 USD
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0.020 pure
CY2014Q2 us-gaap Short Term Debt Weighted Average Interest Rate
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0.013 pure
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3100000000 USD
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100000000 USD
CY2013Q2 gis Long Term Debt And Capital Lease Obligations Aggregate
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7369400000 USD
CY2014Q2 gis Long Term Debt And Capital Lease Obligations Aggregate
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7674100000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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1250600000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1000600000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1000000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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100000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1150000000 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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CY2014Q2 us-gaap Other Minority Interests
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5800000 USD
CY2014 gis Number Of Other Minority Interests
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7 subsidiaries
CY2014Q2 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2014Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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100000000 shares
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191300000 USD
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2900000 USD
CY2014Q2 gis Accumulated Other Comprehensive Income Loss Net Actuarial Gain Loss Net Of Tax
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-1469200000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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263100000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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2600000 USD
CY2013Q2 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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CY2013Q2 gis Accumulated Other Comprehensive Income Loss Net Actuarial Gain Loss Net Of Tax
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-1801500000 USD
CY2014Q2 gis Accumulated Other Comprehensive Income Loss Prior Service Costs Net Of Tax
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26500000 USD
CY2013Q2 gis Accumulated Other Comprehensive Income Loss Prior Service Costs Net Of Tax
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7800000 USD
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0.026 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029 pure
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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16534600 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
143700 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.65
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.88
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.03
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.176 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.173 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.174 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.033 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.035 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P9Y
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P9Y
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y6M
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
We estimate the fair value of each option on the grant date using a Black-Scholes option-pricing model, which requires us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, and dividend yield. We estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than 6 months, is insufficient to provide a reliable measure of expected volatility. Our expected term represents the period of time that options granted are expected to be outstanding based on historical data to estimate option exercises and employee terminations within the valuation model. Separate groups of employees have similar historical exercise behavior and therefore were aggregated into a single pool for valuation purposes. The weighted-average expected term for all employee groups is presented in the table above. The risk-free interest rate for periods during the expected term of the options is based on the U.S. Treasury zero-coupon yield curve in effect at the time of grant.
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.82
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
67547300 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.78
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
39221700 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.96
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
27.88
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
60942700 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
4069000 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
25.27
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
39564900 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.22
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
34.06
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3407700 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
47672100 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
27.69
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29290300 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.10
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
38.74
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
44169000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2789800 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
28.37
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29452800 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
37.29
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
24.12
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
38.15
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.49
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
48.33
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
24.78
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
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10279300 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
394300 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6181300 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
111600 shares
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
108100000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
166600000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
300800000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
297200000 USD
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
233500000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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156700000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2144100 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
48.49
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
38.41
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2404900 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.29
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2785700 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
30800000 shares
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
117200000 USD
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y5M
CY2014 gis Share Based Compensation Arrangement By Share Based Payment Award Options Effect Of One Percentage Point Increase On Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsEffectOfOnePercentagePointIncreaseOnGrantDateFairValue
0.07 pure
CY2014 gis Share Based Compensation Arrangement By Share Based Payment Award Percent Of Market Price Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentOfMarketPriceMinimum
1.00 pure
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
648100000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
666700000 shares
CY2014 gis Amount Of Dilutive Securities Restricted Stock Units
AmountOfDilutiveSecuritiesRestrictedStockUnits
4800000 shares
CY2013 gis Amount Of Dilutive Securities Stock Options
AmountOfDilutiveSecuritiesStockOptions
12000000 shares
CY2013 gis Amount Of Dilutive Securities Restricted Stock Units
AmountOfDilutiveSecuritiesRestrictedStockUnits
5000000 shares
CY2014 gis Amount Of Dilutive Securities Stock Options
AmountOfDilutiveSecuritiesStockOptions
12300000 shares
CY2012 gis Amount Of Dilutive Securities Stock Options
AmountOfDilutiveSecuritiesStockOptions
13900000 shares
CY2012 gis Amount Of Dilutive Securities Restricted Stock Units
AmountOfDilutiveSecuritiesRestrictedStockUnits
4700000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
628600000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
645700000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1700000 shares
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CY2013 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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82700000 USD
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3900000 USD
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73200000 USD
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4888800000 USD
CY2014Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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5093100000 USD
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1495700000 USD
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1809300000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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483700000 USD
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5500000 USD
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6000000 USD
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6400000 USD
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25500000 USD
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44800000 USD
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8400000 shares
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19400000 USD
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46000000 USD
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41800000 USD
CY2013Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
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9100000 shares
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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37800000 USD
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39500000 USD
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52000000 USD
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109100000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2012 us-gaap Current Income Tax Expense Benefit
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560200000 USD
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159100000 USD
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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21300000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
19200000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.014 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.013 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.014 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.001 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.006 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.333 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.292 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.321 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Medicare Prescription Drug Benefit
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Medicare Prescription Drug Benefit
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0 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Medicare Prescription Drug Benefit
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0 pure
CY2014 gis Effective Income Tax Rate Deferred Tax Adjustment For Subsidiary Restructuring
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0 pure
CY2013 gis Effective Income Tax Rate Deferred Tax Adjustment For Subsidiary Restructuring
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CY2012 gis Effective Income Tax Rate Deferred Tax Adjustment For Subsidiary Restructuring
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1373400000 USD
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204200000 USD
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168300000 USD
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546000000 USD
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619200000 USD
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