2016 Q4 Form 10-K Financial Statement

#000146785817000028 Filed on February 07, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $39.90B $39.62B $38.84B
YoY Change 0.69% 0.01% -1.05%
Cost Of Revenue $35.17B $18.98B $32.06B
YoY Change 85.31% -46.14% -5.86%
Gross Profit $4.727B $4.012B $6.785B
YoY Change 17.82% -8.44% 30.46%
Gross Profit Margin 11.85% 10.13% 17.47%
Selling, General & Admin $2.976B $1.512B $4.282B
YoY Change 96.83% -48.8% 46.59%
% of Gross Profit 62.96% 37.69% 63.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.694B $1.579B $1.878B
YoY Change 70.61% -78.18%
% of Gross Profit 56.99% 39.36% 27.68%
Operating Expenses $2.976B $1.512B $4.282B
YoY Change 96.83% -48.8% 46.59%
Operating Profit $1.751B $2.500B $997.0M
YoY Change -29.96% 74.95% -18.74%
Interest Expense $447.0M $762.0M $509.0M
YoY Change -41.34% -2.18% 430.21%
% of Operating Profit 25.53% 30.48% 51.05%
Other Income/Expense, Net $119.0M
YoY Change -50.21%
Pretax Income $2.198B $3.711B $1.506B
YoY Change -40.77% 62.19% -19.42%
Income Tax $303.0M -$2.490B $165.0M
% Of Pretax Income 13.79% -67.1% 10.96%
Net Earnings $1.835B $6.266B $1.359B
YoY Change -70.71% 215.35% -7.61%
Net Earnings / Revenue 4.6% 15.81% 3.5%
Basic Earnings Per Share $1.21 $4.03 $0.86
Diluted Earnings Per Share $1.19 $3.92 $0.84
COMMON SHARES
Basic Shares Outstanding 1.524B shares 1.556B shares 1.577B shares
Diluted Shares Outstanding 1.618B shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.42B $23.40B $23.46B
YoY Change 4.33% -16.95% -15.09%
Cash & Equivalents $12.57B $15.24B $15.43B
Short-Term Investments $11.84B $8.163B $8.029B
Other Short-Term Assets $3.633B $3.072B $1.485B
YoY Change 18.26% 99.48% -19.77%
Inventory $11.04B $13.76B $14.37B
Prepaid Expenses
Receivables $8.700B $8.337B $10.49B
Other Receivables $16.13B $18.05B $17.22B
Total Short-Term Assets $76.20B $69.41B $82.34B
YoY Change 9.79% -17.0% -4.96%
LONG-TERM ASSETS
Property, Plant & Equipment $32.60B $31.23B $29.38B
YoY Change 4.4% 12.57% 7.33%
Goodwill $1.900B
YoY Change
Intangibles $4.391B $4.576B
YoY Change -4.04% -8.17%
Long-Term Investments $8.996B $9.195B $8.872B
YoY Change -2.16% 10.12% 11.14%
Other Assets $3.849B $3.021B $2.345B
YoY Change 27.41% 54.37% -1.35%
Total Long-Term Assets $145.5B $124.9B $106.7B
YoY Change 16.45% 33.08% 18.16%
TOTAL ASSETS
Total Short-Term Assets $76.20B $69.41B $82.34B
Total Long-Term Assets $145.5B $124.9B $106.7B
Total Assets $221.7B $194.3B $188.6B
YoY Change 14.07% 9.6% 6.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.33B $24.06B $25.19B
YoY Change -3.03% 6.8% 1.68%
Accrued Expenses $25.89B $27.59B $30.55B
YoY Change -6.16% -2.1% 4.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.80B $19.56B $17.00B
YoY Change 21.65% 30.9% 27.01%
Total Short-Term Liabilities $85.18B $71.22B $72.74B
YoY Change 19.61% 8.47% 8.04%
LONG-TERM LIABILITIES
Long-Term Debt $51.33B $43.55B $40.40B
YoY Change 17.86% 37.29% 45.75%
Other Long-Term Liabilities $12.42B $12.65B $13.15B
YoY Change -1.88% -10.15% -8.51%
Total Long-Term Liabilities $92.43B $82.80B $81.13B
YoY Change 11.64% 9.2% 22.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.18B $71.22B $72.74B
Total Long-Term Liabilities $92.43B $82.80B $81.13B
Total Liabilities $177.6B $154.0B $153.9B
YoY Change 15.32% 8.86% 15.39%
SHAREHOLDERS EQUITY
Retained Earnings $26.17B $20.29B $14.91B
YoY Change 29.0% 39.16% 6.7%
Common Stock $15.00M $15.00M $16.00M
YoY Change 0.0% -6.25% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.84B $39.87B $34.64B
YoY Change
Total Liabilities & Shareholders Equity $221.7B $194.3B $189.0B
YoY Change 14.07% 9.49% 6.84%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $1.835B $6.266B $1.359B
YoY Change -70.71% 215.35% -7.61%
Depreciation, Depletion And Amortization $2.694B $1.579B $1.878B
YoY Change 70.61% -78.18%
Cash From Operating Activities $4.018B $2.300B $3.308B
YoY Change 74.7% -27.38% 204.04%
INVESTING ACTIVITIES
Capital Expenditures -$6.818B -$5.549B -$6.367B
YoY Change 22.87% 53.75% 110.06%
Acquisitions
YoY Change
Other Investing Activities -$4.826B -$1.982B -$2.489B
YoY Change 143.49% 509.85% 213.48%
Cash From Investing Activities -$11.64B -$7.531B -$8.856B
YoY Change 54.61% 91.43% 131.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.932B 5.264B 3.590B
YoY Change -6.31% 127.39% 167.51%
NET CHANGE
Cash From Operating Activities 4.018B 2.300B 3.308B
Cash From Investing Activities -11.64B -7.531B -8.856B
Cash From Financing Activities 4.932B 5.264B 3.590B
Net Change In Cash -2.694B 33.00M -1.958B
YoY Change -8263.64% -97.87% 40.36%
FREE CASH FLOW
Cash From Operating Activities $4.018B $2.300B $3.308B
Capital Expenditures -$6.818B -$5.549B -$6.367B
Free Cash Flow $10.84B $7.849B $9.675B
YoY Change 38.06% 15.84% 134.89%

Facts In Submission

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SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsandNonoptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerms
P2Y6M
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StockIssuedDuringPeriodValueWarrantsExercised
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CY2015 gm Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
46000000 USD
CY2016 gm Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
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StockRepurchasedValue
168000000 USD
CY2015 gm Stock Repurchased Value
StockRepurchasedValue
3520000000 USD
CY2016 gm Stock Repurchased Value
StockRepurchasedValue
2500000000 USD
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TotalFairValueofOptionsandNonOptionEquityInstrumentsVestedDuringPeriod
221000000 USD
CY2015 gm Total Fair Valueof Optionsand Non Option Equity Instruments Vested During Period
TotalFairValueofOptionsandNonOptionEquityInstrumentsVestedDuringPeriod
228000000 USD
CY2016 gm Total Fair Valueof Optionsand Non Option Equity Instruments Vested During Period
TotalFairValueofOptionsandNonOptionEquityInstrumentsVestedDuringPeriod
325000000 USD
CY2014 gm Unrecognized Tax Benefits Other Increase Decrease
UnrecognizedTaxBenefitsOtherIncreaseDecrease
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CY2015 gm Unrecognized Tax Benefits Other Increase Decrease
UnrecognizedTaxBenefitsOtherIncreaseDecrease
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CY2016 gm Unrecognized Tax Benefits Other Increase Decrease
UnrecognizedTaxBenefitsOtherIncreaseDecrease
-7000000 USD
CY2016 gm Valuation Allowance Methodology Number Of Years Utilized
ValuationAllowanceMethodologyNumberOfYearsUtilized
P3Y
CY2014 gm Warrantiesissuedandassumedinperiodpolicyandwarranty
Warrantiesissuedandassumedinperiodpolicyandwarranty
2540000000 USD
CY2015 gm Warrantiesissuedandassumedinperiodpolicyandwarranty
Warrantiesissuedandassumedinperiodpolicyandwarranty
2325000000 USD
CY2016 gm Warrantiesissuedandassumedinperiodpolicyandwarranty
Warrantiesissuedandassumedinperiodpolicyandwarranty
2552000000 USD
CY2014 gm Warrantiesissuedandassumedinperiodrecallcampaignsandcourtesytransportation
Warrantiesissuedandassumedinperiodrecallcampaignsandcourtesytransportation
2910000000 USD
CY2015 gm Warrantiesissuedandassumedinperiodrecallcampaignsandcourtesytransportation
Warrantiesissuedandassumedinperiodrecallcampaignsandcourtesytransportation
986000000 USD
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CY2016Q4 us-gaap Additional Paid In Capital
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
189000000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
338000000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
290000000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
245000000 USD
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AllocatedShareBasedCompensationExpense
446000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
650000000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
676000000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
327000000 USD
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AmortizationOfIntangibleAssets
328000000 USD
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46000000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
72000000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
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CY2016Q4 us-gaap Assets
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CY2016Q4 us-gaap Assets Current
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CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2016Q4 us-gaap Available For Sale Securities Debt Securities
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5900000000 USD
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AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
7900000000 USD
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AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
8500000000 USD
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CapitalExpendituresIncurredButNotYetPaid
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CashAndCashEquivalentsAtCarryingValue
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1.20
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1.38
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1.52
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CommonStockParOrStatedValuePerShare
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1500000000 shares
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CommonStockSharesOutstanding
1500000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1500000000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
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1500000000 shares
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CurrentFederalTaxExpenseBenefit
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CurrentFederalTaxExpenseBenefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
671000000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
860000000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
618000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
802000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
860000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
530000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
154000000 USD
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CurrentStateAndLocalTaxExpenseBenefit
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CY2015Q4 us-gaap Customer Deposits Current
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3010000000 USD
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DeferredFederalIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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1950000000 USD
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2720000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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590000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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732000000 USD
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CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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535000000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1900000000 USD
CY2015 us-gaap Dividends Common Stock Cash
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2200000000 USD
CY2015 us-gaap Dividends Common Stock Cash
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2300000000 USD
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0.70
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EarningsPerShareBasic
0.86
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4.03
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.11
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1.26
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1.85
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1.79
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1.21
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EarningsPerShareBasic
6.12
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1.65
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EarningsPerShareDiluted
0.56
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EarningsPerShareDiluted
0.67
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EarningsPerShareDiluted
0.84
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.92
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.91
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EarningsPerShareDiluted
1.24
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EarningsPerShareDiluted
1.81
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EarningsPerShareDiluted
1.76
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.19
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.00
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P2Y5M
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4300000000 USD
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EquityMethodInvestmentSummarizedFinancialInformationAssets
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EquityMethodInvestmentSummarizedFinancialInformationLiabilities
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CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
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4495000000 USD
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EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
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EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
18703000000 USD
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EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
3065000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
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5291000000 USD
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EquityMethodInvestmentSummarizedFinancialInformationRevenue
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EquityMethodInvestmentSummarizedFinancialInformationRevenue
48530000000 USD
CY2016 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
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EquityMethodInvestments
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CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
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EquityMethodInvestments
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FinancialServicesCosts
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CY2015 us-gaap Financial Services Costs
FinancialServicesCosts
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FinancialServicesCosts
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FinancialServicesRevenue
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FinancialServicesRevenue
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CY2016 us-gaap Financial Services Revenue
FinancialServicesRevenue
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CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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200000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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200000000 USD
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200000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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200000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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200000000 USD
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202000000 USD
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449000000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q4 us-gaap Goodwill
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1900000000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
120000000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015Q4 us-gaap Guarantee Obligations Maximum Exposure
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PreferredStockSharesAuthorized
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ProceedsFromCollectionOfFinanceReceivables
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ProceedsFromLeasesHeldForInvestment
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CY2015 us-gaap Proceeds From Leases Held For Investment
ProceedsFromLeasesHeldForInvestment
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2014 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
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CY2015 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
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CY2016 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
798000000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
6874000000 USD
CY2016 us-gaap Proceeds From Leases Held For Investment
ProceedsFromLeasesHeldForInvestment
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2015Q4 us-gaap Revenues
Revenues
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CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2173000000 USD
CY2015 us-gaap Revenues
Revenues
152356000000 USD
CY2016Q1 us-gaap Revenues
Revenues
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ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
1881000000 USD
CY2015 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
1758000000 USD
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ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
872000000 USD
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20285000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014 us-gaap Revenues
Revenues
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Revenues
35712000000 USD
CY2015Q2 us-gaap Revenues
Revenues
38180000000 USD
CY2015Q3 us-gaap Revenues
Revenues
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Revenues
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CY2016Q3 us-gaap Revenues
Revenues
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CY2016Q4 us-gaap Revenues
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CY2016 us-gaap Revenues
Revenues
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CY2014 us-gaap Sales Revenue Net
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CY2015 us-gaap Sales Revenue Net
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SalesRevenueNet
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CY2016 us-gaap Selling General And Administrative Expense
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CY2016 us-gaap Stock Issued During Period Value New Issues
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
183000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
172000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
184000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
54000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
49000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
149000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
115000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
97000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
164000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
201000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
108000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
896000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
712000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1687000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1640000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1570000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1605000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1586000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1540000000 shares
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">Accounting estimates are an integral part of the consolidated financial statements. These estimates require the use of judgments and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses in the periods presented. We believe that the accounting estimates employed are appropriate and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates actual results could differ from the original estimates, requiring adjustments to these balances in future periods.</font></div></div>

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